Navigate - National School Choice

“A copy of the form 990 will be provided to the board of directors for review, revision and approval before it is submitted to the irs.”

“Each director, upon election to the board, and thereafter no later than the first board meeting of each fiscal year, shall submit a signed statement on a form determined by the board or a designated committee of the board, disclosing any actual or possible conflict of interest of any interested persons, including all material facts thereof, and affirming that the director: 1) has received a copy of section 3.4 of the bylaws or any conflict of interest policy adopted by the board; 2) has read and understands section 3.4 of the bylaws or any conflict of interest policy adopted by the board; 3) has agreed to comply with section 3.4 of the bylaws or any conflict of interest policy adopted by the board; and 4) understands that the corporation is charitable and in order to maintain its federal tax exemption must engage primarily in activities that accomplish one or more purposes described by section 501(c)(3) of the internal revenue code.”

“Directors shall serve without compensation. Directors and other disqualified persons may be allowed reasonable advancement or reimbursement of expenses incurred in the performance of their regular duties as specified in section 3.2 of the bylaws. Directors may be compensated for rendering services to the corporation in any capacity other than director only if such other compensation is reasonable, allowable and has been authorized under the provisions of section 3.4 of the bylaws. The salaries, if any, of the officers shall be fixed from time to time by resolution of the board. The salary received by any officer of this corporation shall be reasonable and given in return for services actually rendered to the corporation that relate to the performance of the charitable or public purposes of this corporation. No officer shall be prevented from receiving such salary by reason of the fact that he or she is also a director of the corporation, provided, however, that such compensation paid a director for serving as an officer of this corporation shall only be allowed if permitted under the provisions of section 3.4 of these bylaws.”

“The organization makes it governing documents and financial statements available to the public upon request.”

“Other professional fees: program service expenses 0. Management and general expenses 22,580. Fundraising expenses 86,682. Total expenses 109,262.”