Education Incubator

“A draft copy of form 990 was provided to all members of the Board of Directors as well as the fiscal officer and executive director of the organization. The draft form 990 was reviewed by the Board of Directors and approved for submission prior to submission. Authority to approve, sign, and submit form 990 is delegated to the fiscal officer.”

“Enforcement of Conflict of Interest Policy - A board member may feel that he, she or another board member may have actual or perceived conflict of interest regarding any one or more topics of discussion (via email, conference call, or in person) and/or decision discussion and /or decision-making. Otherwise, a decision will be reached by all other board members, prior to the agenda item(s) deemed to be of actual or perceived conflict with the board member(s) under question, as to making. In such case, any board member(s) with actual or perceived conflict of interest shall disclose this, and recuse themselves from whether or not such board member(s) should be excused from discussion and/or decision making for this (these) agenda item(s).”

“Compensation process for top official compensation is based on market research. Data from labor and wage statistics from at least three sources is gathered and given to the Board of Directors who reviews employee performance and makes compensation change determinations. This process occurs yearly as part of producing the yearly budget. Line 15b: Compensation process for top official compensation is based on market research. Data from labor and wage statistics from at least three sources is gathered and given to the Executive Director who reviews employee performance and makes compensation change determination with final review and approval from the Board of Directors. This process occurs yearly as part of producing the yearly budget.”

“All governing documents, conflict of interest policy, and financial statements are available to the public upon request. Contact information for the organization is public on the organization's website.”

“Two new programs were added this year - "Foundations of Aloha," and "Direct Services - Special Projects."”

“Payroll provider acts as employer and files W-3s. Actual number of employees during this tax period is 5.”

“Program Expense: Partnering Instructional Organizations $37,868.00, Individual Instructors $30,125.00, Program Website Development $10,998.85. Total Program $78,991.85. Management and General: Payroll Service $4,307.62, Administrative Support $1,088.32. Total Management & General $5,395.94. Total Other Services: $84,387.79”

“Program Expenses: Program Supplies $43,138.09. Total Program Expenses $43,138.09. Management and General: Professional Development $2,942.08, Corp. Business Fees $253.39, Bank Fees $87.48. Total Management and General $3,282.95. Total Other Expenses $46,421.04”