Foundation for Early Childhood Education Inc

“The fiscal officer reviewed the 990 tax returns to make sure the revenues and expenditures stated in Form 990 tie to the ones stated in the audit report. Then the fiscal officer presented the tax returns to the Board of Directors for them to review prior to filing the tax returns.”

“No officer, board member, employee, or agent of Foundation shall participate in the selection or administration of a vendor if a real or apparent conflict of interest would be involved. Such a conflict would arise if an officer, board member, employee or agent, or any member of his/her immediate family, his/her spouse/partner, or an organization that employs or is about to employ any of the parties indicated herein, has a financial or other interest in the vendor selected.Officers, board members, employees and agents of Foundation shall neither solicit nor accept gratuities, favors, or anything of monetary value from vendors or parties to sub-agreements. However, unsolicited gifts of a nominal value ($50 or less) may be accepted and the Director II should be notified of such receipt of the gift.In compliance with the Head Start Act, as amended, members of the Foundation governing body shall--(i)not have a financial conflict of interest with the Head Start agency;(ii)not receive compensation for serving on the governing body or for providing services to the Head Start agency;(iii)not be employed, nor shall members of their immediate family be employed, by the Head Start agency; and(iv)operate as an entity independent of staff employed by the Head Start agency.”

“The Los Angeles County Office of Education (LACOE) provides around 85% of the funding to Foundation. The annual funding application to LACOE includes these key positions to be budgeted in accordance with the salary benchmark determined by LACOE. The Board of Directors reviews the funding application prior to submission to LACOE, who approves the application that includes the salaries for these positions.”

“All documents, returns, statements, etc. are available for public inspection upon written request.”