Industry Initiatives for Science and Math Education

“After the draft Form 990 passes staff management review a soft copy is sent to all members of the Audit Committee with a request for their review and approval on behalf of the full board. If any changes are needed the draft is updated and a new soft copy is sent to all Audit Committee members for their review and approval. When all Audit Committee members have voted to approve then the tax preparer creates the final Form 990 for signature by the Executive Director. The full board is notified that the Audit Committee has accepted this document on their behalf and that it is available for their review upon request.”

“IISMEs Conflict of Interest Policy for employees monitoring and enforcement process: IISMEs Conflict of Interest policy is included in IISMEs Employee Handbook. All employees are obligated to report potential or actual conflicts of interest to their supervisor for determination. This policy is further monitored and enforced by IISMEs management team in the same manner that all other employee policies are monitored and enforced including corrective and disciplinary action. IISMEs Conflict of Interest Policy for Board Members monitoring and enforcement process: Annually in December Board members are asked to review and update their completed form. A list is kept of the disclosed affiliations. In selecting vendors supplier grant gift recipients or other beneficiaries if any candidates are on this list then extra care is taken to avoid even the appearance of favoritism conflict of interest to ensure that the selection process is fair unbiased and that IISME and its programs benefit from the selection.”

“Matters related to compensation of IISMEs CEO Executive Director or Top Management are reviewed and approved by IISMEs HR Committee. The HR Committee is comprised of members of the IISME Board of Directors who are well-acquainted with IISMEs organizational structure position descriptions and accomplishments. The HR Committee meets to discuss recommendations for executive key employee raises when appropriate. Compensation decisions made during those meetings are communicated to IISMEs Director of Finance who handles payroll by an HR Committee Member directly.”

“Audit Available upon request. Form 990 is posted on www.Guidestar.org and available upon request.”