Foundation for Educational Administration

“The executive committee is made up of several board members with the authority to act on behalf of the full board between board meetings. Also, there is an audit committee and a finance committee composed of board members. The audit committee is responsible for meeting with the external auditors and reviewing audit results. The finance committee is responsible for reviewing internal financial results, actual vs. Budget, investments including results and compliance to board policy, and the annual tax return. The past president of the board is chair of the audit committee. The vice president of the board is chair of the finance committee.”

“The organization has members that have the right to elect members of the organization's governing body.”

“Members belong to a charter which in turn are part of a region. Each region elects one representative from their region to be on the board of directors. Regions also send delegates to a delegate assembly with number of votes based on number of members in their region.”

“Decisions by the board may be subject to approval by members including state council presidents, state committee chairs, board members, region officers and additional members based on the total members in each region.”

“The final version of form 990 will be made available to the board of directors. Management reviews the 990 throughout preparation with cpa firm.”

“All employees and board members are covered by the conflict of interest policy. Human resources monitors and determines if a conflict exists and that is revewed by the executive director.”

“The association of california school administrators (acsa), a related entity, is responsible for determining the compensation of the organization's entire staff. All foundation for educational administration officers are employees of acsa and, therefore, are subject to that organization's policies and procedures.”

“The organization does not make its governing documents, conflict of interest policy, and financial statements available to the public.”

“The organization has a committee that assumes responsibility over the financial statement audit and the process has not changed from the prior year.”