Scholars of Finance

“The chair, lead director, and such other directors as designated by the chair and lead director shall serve as the members of the executive committee. The executive committee shall have all the powers and authority of the board of directors in the intervals between meetings of the board of directors except for power to elect, dismiss or terminate a director and the power to amend the articles of incorporation and bylaws, and is subject to the direction and control of the full board. If there is a lead director, they will be the chair of the executive committee. Actions taken by the executive committee must be ratified by the board of directors at their next meeting. No individual shall continue to be a member of the executive committee after he or she ceases to be a director of the corporation.”

“After the chairman and treasurer review the 990, the management team sends the 990 to the entire board of directors, and then posts it on their website.”

“Each director, officer, and member of a committee with powers delegated by the board of directors will annually sign a statement which affirms: a. Such person has received a copy of the conflict of interest policy; b. Such person has read and understands the policy; c. Such person has agreed to comply with the policy; and such person understands the corporation is a charitable organization, and in order to maintain its federal tax exemption, it must engage primarily in activities that accomplish one or more of its tax-exempt purposes.”

“An independent group of the board of directors reviews the compensation of all high-level personnel periodically in accordance with irs rules and regulations. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries and all related benefits. Every effort is made to ensure that the process is thorough and transparent in accordance with irs guidelines and the organization's policies and procedures. Compensation of the other personnel and key employees is reviewed periodically by members of management.”

“The organization makes its financial statements available to the public by posting them on the organization's website.”

“Other professional services: program service expenses 202,685. Management and general expenses 5,871. Fundraising expenses 29,759. Total expenses 238,315.”