Rural Alaska Community Action Program Inc.

“The child development policy council (head start and early head start programs) must concur with board of directors on some decisions affecting the head start and early head start programs such as hiring or firing the head start director. If the two bodies do not agree on the decision, they begin an impasse resolution process.”

“The final draft of the return is presented to the board for approval and a copy of the Form 990 is placed on the board web page prior to submittal to the IRS.”

“The conflict of interest policy covers members of the rural cap board of directors and members of committees with board-delegated powers. Each covered person shall annually sign a statement which affirms such person has received a copy of the conflicts of interest policy, has read and understands the policy, has agreed to comply with the policy, and understands that in order to maintain its federal tax exemption rural cap must engage primarily in activities which accomplish one or more of its tax-exempt purposes. The procedure for addressing any potential conflict of interest includes: 1)an interested person may make a presentation to the board, after which the interested person shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest; 2) the chair of the board shall appoint a disinterested person or committee to investigate alternatives to the proposed transaction; 3) the board shall determine whether rural cap can obtain with reasonable efforts a more advantageous transaction or arrangement from a person that would not give rise to a conflict of interest; and 4) if a more advantageous transaction or arrangement is not reasonably possible the board shall determine by majority vote of the disinterested directors whether the transaction or arrangement is in rural cap's best interest, for its own benefit, and whether it is fair and reasonable.”

“Will provide copies upon request.”

“Contractual and professional fees: $3,255,830”

“Other Changes to Net Assets Exclusion of REE Investment $ 955,909 Exclusion of In-Kind Contribution Income $ 299,632 Inclusion of Dividend $ (230,000) Total $1,025,541”

“Description:contractual & professional fee total fees:3255830”