Deer Park Educational Foundation

“The form 990 is prepared by a third party cpa who sends it to the organization for review. It is reviewed by the coordinator and treasurer. The return is presented to the finance committee who approves the return before it is filed with the internal revenue service. Upon receiving approval, the cpa firm processes the return for signature and efiling. It is then announced at the monthly directors' meeting that the form 990 has been filed and is available for review by all directors.”

“The conflict of interest policy covers any appointed director, ex officio director, officer, or employee who has a direct or indirect financial interest or duality of interest. An interested person must disclose the existance of the interest and be given the opportunity to disclose all material facts to the finance and administrative committee (committee). Any director may recuse himself or herself at any time from involvement in any decision or discussion in which the director believes he or she has or may have a conflict of interest, without going through the process of determining whether a conflict of interest exists. The committee, without the presence of the interested person, shall determine whether to recommend to the board of directors that a conflict of interest exists. Upon receiving recommendation, the board shall allow the interested person to make a presentation before proceeding to deliberate and vote, without the presence of the interested person, on whether a conflict of interest exists. If a conflict exists, after exercising due diligence, the board will determine if the organization can obtain a more advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict. If this is not possible, the board shall determine by majority vote of the disinterested directors whether the transaction is fair and reasonable and in the best interest of the organization. If the organization believes an interested person has failed to disclose actual or possible conflicts of interest, it will inform the interested person of its basis and give opportunity to explain the alleged failture to disclose. The board will take appropriate disciplinary and corrective action after hearing the interested person.”

“The organization does not compensate officers, directors, or other key persons.”

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

“Return of unused grant funds 24,223”