Joyful Readers Inc.

“Tax return information is gathered by the executive director and program operations director in conjunction with your part time controller to populate the form 990. Once completed, the draft form is forwarded to the audit and finance committee members to complete their review and approval of the form. It is provided to the full board of directors for their review and comment prior to the filing of the form.”

“Joyful readers has adopted a conflict of interest policy under which the organization's leadership must maintain the highest ethical standard in the conduct of the organization's affairs and conduct the organization's business with integrity in a manner that excludes considerations of personal advantage or gain. Trusted individuals (the organization's directors, officers, committee members, and key employees) are required to complete and/or update a conflict of interest disclosure form on an on-going basis as any new activities or relationships arise that raise an actual, potential, or perceived conflict of interest. In addition, trusted individuals are required to complete and/or update the conflict of interest disclosure form on the following occasions: -on an annual basis prior to the annual meeting of the board; and -as soon as possible following initial election, appointment, or commencement of service for the organization. The conflict of interest disclosure forms are submitted to the president, who reviews and reports on the conflicts annually to the board. If the president has any actual or potential conflict(s), the board of directors reviews and takes appropriate action on the president's conflict(s). A trusted individual making a disclosure may not participate in either: (1) the board deliberations or in the board's determination of whether a conflict of interest exists with respect to their disclosure; or (2) the board deliberations or in the board's determination of whether the organization will enter into any contract or transaction with an interested trusted individual.”

“When the joyful readers board of directors is considering compensation packages for the executive director, the compensation committee obtains and relies upon appropriate data as to comparability prior to making its determination. Relevant comparability data includes but is not limited to compensation levels paid by other similarly-situated organizations (taxable or tax-exempt) for functionally comparable positions. The compensation committee presents a compensation proposal to the board of directors for approval. The compensation committee maintains minutes for discussions on executive director compensation.”

“Joyful readers' form 990, audited financial statements, governing documents, and conflict of interest policy are made available to the general public upon request and are available for inspection at our office.”

“The audited financial statements are forwarded to the audit and finance committee members to complete their review and approval. The audit and finance committee then reviews the audited financial statements with the full board of directors.”

“The number of employees reflected on part i, line 5 and part v, line 2a includes americorps member participants who are not employees of jr or of the federal government because the definition of "participant" in the national and community service act of 1990 as amended applies to americorps members. See 42 u.s.c.12511(30)(b) ("a participant shall not be considered to be an employee of the organization receiving assistance under the national service laws through which the participant is engaging in service.").”