American Educational Development Incorporated

“Board Member and Executive Director Timothy Ekno and Board Member Vanessa Ekno have a spousal relationship. Both have a parental relationship with Board Member and Employee Kathryn Ekno-Heape.”

“The organizations process for reviewing Form 990 includes providing a complete copy of the return to each board member prior to its submission to the IRS. Board members are given the opportunity to review the form and offer feedback or raise any questions. Any comments or concerns are addressed and if necessary revisions are made before the form is finalized and filed. This review process ensures transparency and board oversight of the organizations financial and operational reporting.”

“The organization regularly and consistently monitors and enforces compliance with its conflict of interest policy. Each year all officers directors and key employees are required to review the policy and submit a signed disclosure statement identifying any potential conflicts. The board reviews these disclosures and addresses any identified issues to ensure all decisions are made in the best interest of the organization. Any potential conflicts that arise during the year are promptly reviewed and documented in board minutes with the affected individual recusing themselves from deliberation and voting as appropriate.”

“The board members reviewed the reasonableness of the salary and benefits provided to the executive director by considering comparable compensation data from similarly situated organizations and ensuring alignment with the organizations budget and mission. No individuals with a conflict of interest participated in the deliberation or approval. The board determined that the salary and benefits were fair and reasonable for the services provided.”

“During the tax year the organization did not make its governing documents conflict of interest policy or financial statements publicly available through a website or other public distribution method; however these documents are available to the general public upon request.”