Diamond Silk Entrepreneur University

“The form 990 is reviewed and approved by the board president director and the cpa. The board president signs the 990 before it is submitted to the internal revenue service”

“Directors shall serve dseu with the highest degree of undivided duty, loyalty, and care and shall undertake no enterprise to profit personally from their position with dseu. Dseu's board of directors shall not enter into any contract or transaction with any director of dseu, or any organization in which a director has a material financial interest, unless the relevant interest is fully disclosed, the interested director does not vote, and the board authorizes the transaction in good faith by a majority vote of the remaining directors. Prior to authorizing or approving the transaction, the board, in good faith, determined after reasonable investigation and consideration that dseu could not have obtained a more advantageous arrangement and the transaction furthered dseu's best interests. No loan shall be made by dseu to any of its directors or officers as provided by the bylaws.”

“The organization's compensation policy states that all compensation paid by the organization is reasonable based upon a review of comparability information. The board of trustees or authorized committee ("governing body") shall review and approve the compensation of all compensated individuals; officers, trustees, executive officers, directors or top management official, and key employees of the organization. Compensation shall be reviewed and approved by the governing body persons without a conflict of interest. In its review and approval of compensation, the governing body shall affirmatively determine that the compensation arrangement is reasonable to the organization based upon information sufficient to determine whether the value of services is the amount that would ordinarily be paid for like services by like enterprises, whether taxable or tax exempt, under like circumstances. The governing body shall record compensation deliberations in the minutes of its meetings.”

“The organization will make their application for recognition of exemption and annual information returns available upon request without charge except for a nominal fee for reproduction and actual postage costs. Annual information returns will be available for three years after filing.”

“If the governing documents and conflict of interest policy of the organization are subject to federal or state public disclosure rules, these documents will be made publicly available as applicable law may require. Otherwise, the governing documents and conflict of interest policy will be provided to the public at the discretion of management.”

“Consultants, academic advisory: program service expenses 29,060. Management and general expenses 0. Fundraising expenses 0. Total expenses 29,060. Faculty: program service expenses 106,879. Management and general expenses 0. Fundraising expenses 0. Total expenses 106,879. Consultants, licensing: program service expenses 11,142. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,142. Admin & support labor: program service expenses 77,500. Management and general expenses 0. Fundraising expenses 99,167. Total expenses 176,667.”