Sat-7 Education & Development Inc

“SAT-7 Education Development, Inc. has already adopted a Conflict of Interest policy. It will monitor compliance with the Conflict of Interest Policy as follows Each year the Conflict of Interest Policy is completed by key employees and each member of the Board of Directors. Any items listed, whether true, preceived or real conflicts, are discussed and resolved within the Board to ensure compliance.”

“There is no compensation being paid to any employees, or Officers at this time.”

“Public Disclosure of Governing Documents, Policies and Financial Statements. On the Organizations website, all the above documents as required by Section 6104 are available. Also available on the website are links to request all the above information. Copies of all the above information has been provided to external organizations such as Charity Navigator, the Evangelical Council for Financial Accountability and others.”

“This is the first year of operation for this entity, however, the entity is developing its processes to be ready for the audits required in future years. The audit process will be similar to the following Governing Body and Review Process of Form 990. Prior to the annual Spring Board Meeting, the Audit Committee Chair has recieved a draft copy of the Form 990 and the Audited Financial Statements for review. After the Audit Committee Chair reviews and meets with the Audit Committee, issues identified are resolved and the final Form 990 is prepared. During the annual Spring Board Meeting there is a specific Agenda item to review, discuss and approve the Form 990, as well as the Audited Financial Statements.”