Natomas Arts and Education Foundation

“Natomas charter school has the power to appoint the majority of the board members of the organization.”

“The organization does not have committees with authority to act on behlaf of the governing body.”

“The form 990 is prepared by the organization's outside public accounting firm based on information provided by management. Once a draft of the return is available, it is reviewed by management with any changes or revisions incorporated into the filing. The revised return is then submitted to the board of directors for their review and approval prior to submitting to the irs.”

“For each interest disclosed to the president of the board of directors, the president will determine whether to: (a) take no action; (b) assure full disclosure to the board of directors and other individuals covered by this policy; (c) ask the person to recluse from participation in related discussions or decisions within naef or, if the person refused to resign, become subject to possible removal in accordance with naef's removal procedures. Naef's chief employed executive and chief employed finance executive will monitor proposed or ongoing transactions for conflicts of interest and disclose them to the president of the board of directors in order to deal with potential or actual conflicts, whether discovered before or after the transaction occurred.”

“UPON REQUEST.”

“Professional and consulting services: program service expenses 39,309. Management and general expenses 0. Fundraising expenses 0. Total expenses 39,309. Professional development/training: program service expenses 254. Management and general expenses 0. Fundraising expenses 0. Total expenses 254. Donations - service expense: program service expenses 385. Management and general expenses 0. Fundraising expenses 0. Total expenses 385.”