La Cheim School Inc.

“The governing board of directors minutes are recorded by the board secretary.”

“Committee meeting documentation is recorded in board minutes and have separate minutes.”

“The governing board of directors reviews and approves the form990 at a board meeting before it is submitted and efiled.”

“La cheim school, inc. Carries written policies both in its board by-laws and employee policy and procedure manual that outline and make clear la cheims position regarding all conflict of interest situations. These policies include situations regarding management or programs, over-site of programs, monetary contributions, employment of family/relatives, personal vested interest, and other situations that might cause or influence the management of la cheims programs, operations, employment, compensations, or reimbursements in a standard excepted manner.”

“The compensation of la cheim school, inc.s top management is determined through on-going discussion between la cheims board of directors and la cheims officers. Compensation determination is based upon the compensation provided to similar top management positions of other similar non-profit community based organizations.”

“The compensation of la cheim school, inc.s officers, management, and employees is determined through a careful comparative examination of similar compensations of other similar non-profit community based organizations (cbo). La cheims human resource director participates in on-going meetings with the human resource directors/managers of other similar cbos. The meetings include open comparative discussion of salaries/compensation of all officers, management, and employees at each cbo. La cheims compensations fall within the range of other cbos.”

“Governing documents available to public upon written request”

“David volkar accountancy corporation 2056 colfax stconcord, ca 94520925-609-8227”

“AUDIT DONE”

“During the fiscal year, lcs received a refund from prior year insurance premiums of $98,477. Which was an adjustment to prior year insurance premiums. During previous years, accrued income was recorded for medicare and various income earned. Due to government rule changes and climate, this amount has become essentially uncollectible except for minimal amounts. Small amounts are still being collected but the total receivable has been adjusted to more accurately reflect likely amount to be collected over the next five years. The receivable amount adjusted is $ 147,699.”