Sobrato Early Academic Language Program

“There is a family relationship between board members john matthew sobrato and lisa sobrato sonsini.”

“The organization updated it financial policies and procedures manual to change the duties of its officers, key employees and board members.”

“The executive director will work with the governance committee and/or the finance committee for review of the draft form 990. After taking this to the governance and finance committee, a copy of the 990 is sent to all remaining board members prior to filing. This review supports the accuracy of the form in conveying the organization's mission, activities, finances, and compensation.”

“The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy by having each officer, trustee, and key employee review and annually sign an acknowledgment of seal's conflict of interest policy and are required to disclose any potential financial interest and family relationships that could give rise to a conflict of interest. If any potential or actual conflict occurs, the board will decide what measures are needed to protect seal's interest in light of the nature and seriousness of the conflict, to decide whether to enter into the transaction, and to ensure that the terms of the transaction are appropriate. The trustee shall not vote on any transaction in which the trustee has an interest, and the remaining board members shall decide the matter.”

“The board of directors shall review the compensation of the president/executive director and cfao and shall approve such compensation only after determining that the compensation is just and reasonable. This review and approval shall occur when the officer is hired and when the term of employment is renewed or extended. The organization uses the following methods to establish the compensation of the organization's cfao/executive director. - compensation committee - form 990 of other organizations - compensation survey or study - use of data as to comparable compensation for similarly qualified persons in functionally comparable positions - approval by the board the organization uses the following methods to establish the compensation of the organization's key employees. - compensation survey or study - use of data as to comparable compensation for similarly qualified persons in functionally comparable positions - approval of executive director and chief financial officer”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Human resource fees: program service expenses 51,775. Management and general expenses 9,574. Fundraising expenses 6,052. Total expenses 67,401. Other contractors: program service expenses 364,191. Management and general expenses 66,216. Fundraising expenses 82,568. Total expenses 512,975. Program contractors: program service expenses 259,495. Management and general expenses 0. Fundraising expenses 0. Total expenses 259,495.”