Pueblo Nuevo Education and Development Group

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

“The board treasurer will conduct the annual review and provide recommendations to the board”

“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.”

“Organization provides documents for public inspection upon request”

“Organization provides documents for review upon request”

“Other fees for service: program service expenses 19,675. Management and general expenses 222,903. Fundraising expenses 0. Total expenses 242,578. Consultant fees: program service expenses 0. Management and general expenses 551,488. Fundraising expenses 0. Total expenses 551,488.”

“The process has not changed from the prior year.”