Pueblo Nuevo Education And

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

“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, the board treasurer will conduct the annual review and provide recommendations to the board. The revised return is then submitted for approval prior to submitting to the irs.”

“Each director, officer and key employee shall annually sign a statement, on a form approved by the board, which affirms that such person has received a copy of the conflicts of interest policy, has agreed to comply with the policy. Monitoring is performed regularly by the officers to identify potential conflicts of interest. Any question of a conflict is addressed with the interested person, who is required to disclose the existence of any financial interest and be afforded the opportunity to disclose all material facts to the board and executive director. If a conflict of interest is identified, the appropriate action is taken, including limitations to the individual's influence on related business matters.”

“The process includes the following elements: (1) review and approval by the board of directors, (2) use of data as to comparable compensation; and (3) contemporaneous documentation and recordkeeping. The compensation of the person is reviewed and approved by the board of directors provided that persons with conflicts of interest with regard to the compensation arrangement at issue are not involved in this review or approval. Comparable compensation data for similarly qualified person in functionally comparable positions as similarly situation organizations are used in determining compensation. The process described here was last completed in 2024.”

“The organization provides documents for review upon request.”

“Other fees for service: program service expenses 4,840. Management and general expenses 8,400. Fundraising expenses 0. Total expenses 13,240. Consultant fees: program service expenses 539,785. Management and general expenses 593,705. Fundraising expenses 0. Total expenses 1,133,490.”

“Gain from investment in cnca and gnla 1,045,148.”

“The process for oversight and selection of an independent accountant has not changed from the prior year.”