Green Dot Public Schools Southeast Texas

“The Organization has one class of members. This class consists of one member, Green Dot Public Schools National.”

“The sole member of the Organization has the right to elect the members of the Board of Directors in accordance with the relevant positions of Article Four of the Organization's Bylaws.”

“The membership has the following voting rights: 1. Adoption, amendment, or repeal of the Articles and Bylaws; 2. Election of new members; 3. Election of Directors;, 4. Disposition of all or substantially all of the assets of the corporation;, and 5. Adoption or ratification of the captial budget, operating budget, mission statement, or strategic plan.”

“There are no committees with broad authority to act on behalf of the governing body.”

“The Audit Committee reviews and approves the Form 990. A copy of the Form 990 is provided to the Board of Directors for review and approval prior to filing.”

“Board members and officers must self-report to the corporation that they have a disqualifying interest. Any such conflicts of interest must be disclosed at the meeting where consideration of the proposed transaction takes place. After the disclosure, the disclosing official must leave the meeting while the remaining Board members discuss the possible conflict of interest and determine whether alternatives to the proposed transaction or arrangement that are more advantageous to the corporation and that do not pose a conflict are available. The disinterested Board members decide whether to accept the proposed transaction or an alternative transaction. This disclosure is included in the Board's meeting minutes. Furthermore, if the Board has reason to believe that a fellow Board member or an officer has failed to disclose a conflict of interest, the individual is informed of the belief and provided an opportunity to respond, followed by further investigation, if warranted. Thereafter, the Board makes a determination and disciplinary and/or corrective actions are taken. Each year, such officials are required to sign a statement that affirms they: a) have received a copy of the corporation's Conflict of Interest Policy (the "Policy"); b) have read and understand the Policy; c) have agreed to comply with the Policy; and d) understand the corporation is charitable and, to maintain its federal tax exemption, the corporation must engage primarily in activities that accomplish one or more of its tax-exempt purposes.”

“Megan Quaile, Executive Director, is compensated by Green Dot Public Schools National, a related organization, at no additional cost to GDPS Southeast Texas.”

“Listed documents are available on the organization's website and at the business address during normal business hours upon request.”

“The Organization participates in a retirement system defined benefit plan and due to the size and varied participants in this plan the actuarial value is not calculated on a per employee basis. The amounts included in Column F for deferred compensation includes the actual contributions to the plan, but does not include any amount for a reasonable estimate of the increase in actuarial value.”

“GDPS STX's Board of Directors have approved on March 4, 2024, for the dissolution of GDPS STX effective June 30, 2024. GDPS STX's remaining assets after wind-down will be donated to a nonprofit organization with similar goals to GDPS STX.”