Instructional Telecommunications Foundation Inc

“The president of the corporation may designate up to two directors.”

“The organization does not have a committee with authority to act on behalf of the governing body.”

“The 990 is reviewed by the organization's accountants, cfo and at least one corporate officer. The form 990 is made available to the board members after the form is filed.”

“Each responsible person who is a director or officer has a duty to disclose to the board (or to any committee of the board that is considering a decision to which the conflict applied) the material facts of any proposed transaction or action of the organization in which such responsible person has any conflicts. Each responsible person who is a staff member has a duty to disclose to the business manager of the organization and his/her immediate supervisor the material facts of any proposed transaction of the organization in which such person has any conflict. Implementation of the conflict of interest policy relies on such disclosure. A responsible person who fails to follow the protocols established in the conflict of interest policy shall be subjected to meaningful disciplinary action by the board of directors up to and including removal from the board or their position within the organization.”

“All services performed are from shared employees of a shared services company. This company has an oversight committee made up of board members of non-profit organizations that it serves. This oversight committee has been charged by the nonprofit organization boards to oversee personnel matters including executive and staff compensation. Staff prepared a semi-annual salary benchmarking report for all staff positions and an annual ceo salary review that described each position and compared the position to three salary surveys: mountain states employers council 2014 non-profit/foundation compensation, mountain states employers council 2014 colorado benchmark compensation, and 2014 colorado non-profit association salary and benefits survey. In addition, the salary benchmarking report was reviewed by an independent third party contractor to ensure the use of proper methodology and ethical standards. These salaries were implemented for the fiscal year 2016 beginning on april 1, 2015. Salaries were also reported on form 990 for the last four years. This report, the third party contractor report and supporting documentation was reviewed in depth by the oversight committee which summarized its review to all of the boards.”

“The organization does not make its governing documents, conflict of interest policy, and financial statements available to the public.”

“Ebs support services, llc (d/b/a voqal) is owned by five members which are all nonprofit organizations. Itf is a member of voqal and has a 39.47% interest. Voqal was created for the purpose of leasing personnel and providing shared administrative services to its members. The individuals listed on part vii, section a that have amounts in columns e & f work with voqal to provide their services to voqal's members and other companies the members jointly own. Itf reimburses voqal for the personnel cost of the directors and officers. The amounts listed above includes compensation paid to these directors and officers.”