After-School All-Stars Endowment

“Form 990 is prepared by an independent cpa, reviewed and approved by managment, and reviewed and approved by the audit committee for final approval. A copy of the form 990 is then sent electronically to all board members prior to e-filing.”

“All officers, key emmployees, and directors are covered persons under after-school all-stars' (asas) conflict of interest policy. The purpose of the policy and its procedures is to prevent the personal interest of board members from interfering with the performance of their duties to asas or resulting in personal financial, professional, or political gain at the expense of asas, its supporters, or other stakeholders. All officers, key employees, and board members of asas provide full written disclosure of all conflicts of interest, including but not limited to the following situations: -having a relationship with another asas board member or key employee of asas by blood, marriage, or domestic partnership. -having a relationship with a participant in a transaction being considered by asas. -being in a position to benefit from an asas transaction, including serving as a key employee of an organization that receives payment from asas for any subcontract, goods, or services. -owning or having a financial interest in any third party with which asas is currently dealing or is considering dealing. -pursuing a transaction under consideration by asas for personal benefit. -owning or being employed by a primary vendor of asas. -serving on the board of, participating in the management of, or being employed by or volunteering with any third party with which asas is cutrrently dealing or considering dealing. -receiving compensation or other benefits in connection with a transaction asas enters into. -receiving personal gifts or loans from third parties doing business with asas. Upon full disclosure of a potential conflict of interest or any of the above conditions, the board determines whether a conflict exists. If a conflict is found, the board votes to authorize or reject the transaction or takes other appropriate actions to address the conflict and safeguard the best interests of asas. This decision is made by majority vote, excluding the vote of the interested director. An interested board member does not participate in any discussion or debate by the board of directors, or by any of its committees or subcommittees, on matters where a real or perceived conflict of interest exists. They may, however, provide clarifying information if no board member objects to their presence. Anyone with decision-making authority over asas' resources (e.g., purchases, grants, contracts) who stands to benefit from those decisions has a duty to disclose the conflict as soon as it arises or becomes apparent. That person must abstain from participating in the final decision-making process. A copy of the policy is provided to all board members upon the policy's official adoption. Each board member signs and dates the policy at the start of their term and annually thereafter. Failure to sign does not invalidate the policy.”

“Governing documents, the conflict-ofinterest policy, and financial statements are available to the public upon request. However, current tax law does not require these documents be provided to the public.”