Buck Institute for Education

“The 990 is reviewed and approved by the Senior Director of Finance and Administration and the Treasurer. A copy of the Form 990 is emailed to each Board Member for informational purposes, not for review.”

“Potential conflicts are reviewed annually. Any Board member who may be involved in a business transaction in which there is a possible conflict of interest shall notify the Executive Director and Board Chair. The Board Member shall refrain from voting on any such transaction, participating in deliberations concerning it or using personal influence in any way in the matter. The Board Member's presence may not be counted in determining the quorum for any vote with respect to the business transaction in which she or he has a possible conflict of interest. Any executive officer who may be involved in a business transaction in which there is a possible conflict of interest shall report the possible conflict to the Executive Director. If the possible conflict involves the Executive Director, the possible conflict shall be reported to the Board Chair instead.”

“The Executive Committee met independent of the Executive Director to review his performance. The Committee reviewed salary data from an annual salary report that included information from national and Bay Area nonprofits of comparable size in annual revenue. The Executive Director meets with the Director of Finance annually to review performance. The external HR advisor compiled and reviewed salary data from an annual salary report that included information from national and Bay Area nonprofits of comparable size in annual revenue.”

“Financial and organization documents are available upon request and on the Guidestar website.”

“Trainers & Facilitators: Program service expenses 2,074,927. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,074,927. Product development: Program service expenses 474,843. Management and general expenses 0. Fundraising expenses 0. Total expenses 474,843. General consultants: Program service expenses 383,832. Management and general expenses 76,643. Fundraising expenses 23,829. Total expenses 484,304. Research & Evaluation: Program service expenses 22,385. Management and general expenses 0. Fundraising expenses 0. Total expenses 22,385. Speaker stipends: Program service expenses 20,419. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,419.”