The Gary K Herberger Young Scholars Academy

“The organization obtains management, operational, academic, and other services from arizona state university, the management company and related organization. This includes the use of asu facilities for academy activities, access to technology infrastructure, and the participation of asu faculty and staff in implementing various innovations including teaching methods, teacher preparation, and curriculum and educational research. The organization uses certain asu service marks and trademarks when performing academy activities, and provides asu facilities as well as equipment for academy activities.”

“One director is appointed by the herberger trust. Asu, a governmental unit of the state of arizona, was granted the right to appoint the remaining members of the board.”

“The corporation may not take the following actions without the approval of asu: (a) any amendment, restatement, repeal, or other change to the articles of incorporation of this corporation. (b) any amendment, restatement, repeal, or other change to these bylaws. (c) merger, consolidation, or dissolution of this corporation. (d) sale of all, or substantially all, of the assets of the corporation. (e) the making of any loan or advance to any person (other than in the ordinary course of business). (f) the creation of any subsidiaries or affiliates of this corporation. (g) adoption of the business plan prepared annually by the board. (h) adoption of the annual budget prepared by this corporation and any actions taken by this corporation which would or could involve expenditures which exceed one hundred and ten percent (110%) of the approved budgeted amounts for such expenditures. (i) the selection, retention, and termination of the president of this corporation.”

“The organization does not have a committee in place authorized to act on behalf of the governing board. For this reason, the organization does not contemporaneously document meetings held or written action taken by each committee with authority to act on behalf of the governing body.”

“The organization's executive director completes a line-by-line review of the form 990 with the organization's accountant. The form is then given to all members of the board for review along with a checklist to understand the form 990. Additionally, the executive director presents the form 990 at a meeting of the board of directors and solicits any questions or discussion of the return.”

“The board of directors provides an annual conflict of interest document to the executive director and all members of the board of directors. All individuals are required to review the document and complete a conflict of interest form annually. When a potential conflict of interest is disclosed, the remaining board or committe members decide if a conflict exists. If it is determined that a conflict exists, alternative transactions or arrangements are disscussed. If no alternative actions are reasonably possible, the disinterested governing board or committee members determine through a majority vote if the transaction or arrangement is fair and reasonable and in the organization's best interests. Any individuals with a conflict are prohibited from voting in that area.”

“The organization supplies a copy of any public document upon request made at their main office during normal business hours.”