Monroe County Education Foundation Inc

“The executive committee shall be composed of the president, the superintendent, recording secretary, treasurer and any two elected directors to be selected by a majority vote of the board of directors. The executive committee shall have and exercise the authority designated by the board of directors in the management of the business of the corporation between meetings of the board. Minutes of the executive committee will be distributed to every board member prior to the next regular board meeting. The executive committee may not amend or repeal any resolution of the board of directors, nor enter into any transaction to which the foundation is a party, and in which one or more of the directors has a material financial interest.”

“Membership categories: (a) mentor member: recognizing the dedication and service of mentors in the tsic program, all mentors in active service, (and mentors who have served) and mentors who have qualified for future duty shall be members of this foundation, without payment of dues. (b) individual member: individuals who support the purpose and objectives of this foundation can join upon payment of annual dues as determined by the board.”

“A complete copy of the form 990 is provided to the entire board of directors for review before it is filed.”

“It is the policy of mcef that its board members, committee members, and employees have an obligation to conduct business within guidelines that prohibit actual or potential conflicts of interest. It is the policy of mcef that these individuals have an obligation to conduct business within guidelines that prohibit actual or potential conflicts of interest. No presumption of guilt is created by the mere existence of a relationship with outside firms. However, if any such person has any influence on transactions involving purchases, contracts, or leases, it is imperative that he or she discloses to an officer of mcef as soon as possible the existence of any actual or potential conflict of interest so that safeguards can be established to protect all parties. Every member of the board reviews and signs the conflict of interest policy annually.”

“Form 990 is available on the website. Other documents are available upon request.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.”

“Project lead the way was discontinued in 2024 due to exhausted funding.”

“Tsic programs: program service expenses 16,605. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,605. Program personnel: program service expenses 149,200. Management and general expenses 0. Fundraising expenses 0. Total expenses 149,200.”

“Unrealized gain on prepaid scholarships 289,249.”