Village Education Tutors Foundation

“Management distributed a draft of the form 990 to the committee appointed by the vetfs board of directors. The committee members reviewed the draft. Prior to finalization of the return a final draft of form 990 was provided to all members of the board of directors. The form distributed to the board of directors reflects the return filed with the department of the treasury.”

“Vetf has established a conflict of interest policy that will be reviewed and approved by the board of directors. The policy will be binding on all volunteers and staff of vetf. A relationship disclosure questionnaire, which includes the conflict of interest and ethics policies is required to be completed by all vetf board of directors, committee and subcomittee members, designated staff, and vetf spokespersons upon their appointment, and to officers prior to their election or appointment. After the initial completion of the relationship disclosure questionnaire, volunteers and designated staff are requested to complete a new disclosure questionnaire annually and whenever material changes occur in their employment, other relationships identified as relevant, or their vetf role.vetf has identified the following areas in its policy to be potential conflicts of interest direct or indirect interest in, or relationship with, any individual or organization that proposes to enter into any transaction with vetf the sale, purchase, lease or rental of any property or other asset employment, or rendition of services, personal or otherwise the award of any grant, contract, or subcontract or the investment or deposit of any funds of vetf.conflicts may be resolved by having the vetf representative refrain from deliberating and/or voting on the particular transaction or matter in which he or she has an interest and otherwise refrain from exerting any influence on vetf to affect a decision. In addition, other measures may be necessary by vetf, depending on the nature of, and the ability to, reasonably manage a conflict.”

“Vetfs board of directors authorizes compensation, benefits, and human resources committee to oversee compensation-related matters within the organization. The committee is responsible for making determinations about compensation for the ceo, including employed officers and key employees. The human resource committee provides information with respect to the appropriateness of the ceo compensation as compared to external benchmarking, as well as the methodology in developing current compensation. Several surveys were utilized in developing the comparison, including surveys from various compensation consulting firms. Decisions regarding executive compensation are documented in the meeting minutes. Key factors that are considered by the compensation, benefits, and human resources committee with respect to compensation are as follows compensation, philosophy, experience and qualifications of the candidate, market competitiveness, and compensation requirements and history of the candidate. Components of compensation that are routinely reviewed by the committee include base salary, incentive opportunity, both short and long term, retirement, benefits, and perquisites.”

“Compensation process for officers refer to part vi, line 15a explanation.”

“The vetf makes available the three most recent years of the form 990 and the conflict of interest policy on vetfs internet website, the vetf does not make its governing documents available to the general public. Vetf has not been in existence for three years so the two most recent years are available.”

“Non restricted Donor grants pledged 3,500”

“During 2021, VETF primarily focused efforts on the implementation of Bill and Melinda Gates Foundation Balance the Equation Algebra I Pilot study and had no significant program related business development activities.”