Excellence in Education Foundation

“The organization has an administrative service contract with a local community foundation. This service contract covers the wages and benefits of the Executive Director and other administrative personel, rent and occupancy, and bookkeeping services. The Board of Directors is very active and oversees the Executive Director.”

“The 990 is distributed to the Board of Directors via email prior to the board meeting. The Foundation's CPA is available for questions via phone or email. The return is then discussed and approved at the Board of Directors meeting prior to mailing to the IRS.”

“Board members are required to read the conflict of interest policy and disclose any related parties or conflicts annually. Conflicts are evaluated by both staff and board members on an ongoing basis. Board members with conflicts abstain from voting.”

“The Executive Director is an employee of the contracted administrative provider (TTCF). TTCF frequently looks at the League of California Community Foundations salary schedule combined with salaries of local nonprofits. This comparison is used as a guiideline for salaries for both TTCF and therefore, Excellence in Education. The President of TTCF discusses salary/compensation and occasional bonuses on an annual basis. Excellence in Education's president and vice president conducts an annual written and verbal review with the Excecutive Director and all documents are kept on file both with TTCF and Excellence in Education. Excellence in Education's Executive Director salary is approved by the full board of directors of Excellence in Education.”

“Excellence in Education is located in an office that is open Monday-Friday from 9am-5pm. Most documents are available on site with others in a nearby offsite facility.The Executive Director is available to pull documents upon request.”

“Change in Beneficial Interest = -$116043”