Sankofa School of Success Inc

“No committees were given authority to act on behalf of the governing body.”

“A copy of the form 990 is provided to each member of the board of directors for review and comment prior to filing.”

“The organization's conflict-of-interest policy covers all directors, officers, and employees and imposes a continuing duty to disclose any personal interests that could impair impartial judgment, with annual disclosure statements required at the board's discretion. The board of directors monitors compliance and addresses potential and actual conflicts, including documenting disclosures and taking corrective action for failures to disclose. The board determines whether a conflict exists and also reviews any actual conflicts/related-party transactions before approval. Individuals with a conflict must not participate in deliberations or vote on the matter; directors must abstain from matters involving entities in which they or their relatives hold a significant financial interest, and officers/employees may not conduct business with such relatives or entities unless fully disclosed and specifically approved by the board.”

“The executive director compensation model is based off of a typical principal annual salary set by the indianapolis public school district. Along with that, our accounting / financial partner monitors our compensation model to ensure that it appropriately remains within our annual goals for liquidity. Staff compensation is determined by comparing similar salaries set by indianapolis public schools.”

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

“Payroll services: program service expenses 23,436. Management and general expenses 0. Fundraising expenses 0. Total expenses 23,436. Teaching services: program service expenses 44,491. Management and general expenses 0. Fundraising expenses 0. Total expenses 44,491. Other pofessional services: program service expenses 412,043. Management and general expenses 2,366. Fundraising expenses 0. Total expenses 414,409.”

“The organization's board of directors assumes the oversight of the audit and selection of an independent accountant. The selection and review process has not changed from the previous year.”