Sand Tots Parent Participation Nursery

“A member is defined as someone who has a child enrolled in the school.”

“| Class of the Person:, Nature of their rights:| Board of Directors, The membership elects the board of directors by majority vote of a quorum present. Elections are held in the spring via electronic ballotts.|”

“Board meeting minutes are posted on the member section of the schools website following each board of directors meeting.”

“Each member of the board of directors has an opportunity to review the form 990 prior to a discussion in detail at a meeting of the board. Once approved the board authorizes either the treasurer or the president to sign the return and file it.”

“Board of directors members must annually sign a conflict of interest declaration. The forms are reviewed and kept in the organizations offices. If the governing board or committee finds that a member has not disclosed a conflict of interest it will take necessary disciplinary action.”

“| Name of the Person:, The process used to establish compensation of the person who served in:|, The year in which this process was last undertaken:| Independent Persons, The board or compensation committee reviews and approves compensation agreements in advance. They conduct a reasonableness test using appropriate comparability data. Subsequently the board or compensation committee documents the basis for their compensation determination., 2024|”

“Financial statements are posted in the organizations office for member review. Form 990 is available upon request.”

“| Explanation:| For the fiscal year ending July 31 2025 all fixed assets were adjusted to straight line depreciation to ensure consistency and simplicity of the financial statements.”