Black Men Teach

“BMT has an Executive Committee which consists of the Board Chair and Vice Chair, and the Chairs of its standing committees. Unless otherwise provided by the directors, during intervals between meetings of the board of directors, the Executive Committee has the power to take any action that may be taken by the board of directors, other than the power to: remove or appoint directors, committee members or officers; amend or repeal the bylaws; amend or repeal any vote or action taken by the board of directors; or exercise any other power that the directors are prohibited by law from delegating. Any action taken by the Executive Committee is reported to the board of directors at its next meeting”

“The 990 draft was reviewed by our auditors CLA, reviewed by our Finance Committee and a draft was provided to our board members and discussed at a board meeting prior to filing.”

“Annually, the conflict of interest policy is provided to directors and employees, and there is a process to ensure that each director and employee returns a signed copy and any conflicts notes are reviewed and resolved. This process is monitored by the chair of the board governance committee. Any potential conflicts of interest identified are brought to the full board for discussion and resolution.”

“BMT's only employee at June 30, 2021 was its executive director. He was hired on January 1, 2021 after an extensive search which included using a third party executive search firm. That firm provided guidance on comparable compensation for similar positions with non-profit organizations. For other positions, and as per board policy, the executive director provides the executive committee with position descriptions and salary recommendations. These salary recommendations use regularly updated compensation data provided by the Minnesota Council of Nonprofits. The last such update was in 2020. The executive committee approves all such salaries.”

“These documents were made available by request. Form 990 also available through Guidestar.”

“The Organization prepared the 990 for the year ended June 30, 2020 on the cash basis. The Organization changed to the accrual basis for the year ended June 30, 2021. The change from cash to accrual increased net assets at June 30, 2020 by $209,936 which was reflected on Form 990, Part XI, Line 8. The change consisted of a pledge receivable of $210,000, a prepaid expense of $2,936 and accounts payable of $3,000. The Organization filed Form 3114 on November 29, 2021.”