Moore Public School Foundation Inc

“Updates to the bylaws are as follows: - attendance requirements were added for directors and process for removal of directors was created. - new business must be presented at a regularly scheduled meeting and discussed and voted upon at the subsequent meeting. - no director may be the chair person of more than two committees - the duties of the executive director are outlined. The executive director will manage the day-to-day operations and be an ad-hoc member of all committees. The executive director cannot be related by blood or marriage to any director. The executive director is hired with a majority vote and may be removed with a three-quarters vote. - the executive director may be added as an authorized signer to bank accounts. - a independent audit must be conducted for years that the foundation receives donations or expends monies totaling more than $500,000.”

“Membership in the organization includes non-voting members, ex-officio members and lifetime directors. Each member pays $100 dues annually.”

“There are no committees with the authority to act on behalf of the board.”

“Form 990 is distributed to board members and reviewed at a board meeting.”

“Conflicts must be reported either to the president of the board or the executive director. If a conflict exists, the interested party shall not participate in any way or be present during deliberations and decision making with respect to the potential conflict.”

“The board used comparability data from local school foundations to determine the executive director's compensation. The deliberations are documented in the meeting minutes. This process was last conducted in spring 2017.”

“AVAILABLE UPON REQUEST”

“The thursday folder program commenced july 2017. The foundation raises money through advertising printed on thursday folders used to organize information sent home on thursdays. The funds raised contribute to the foundation's overall mission of supporting moore public schools.”