Educational Services International Inc

“The board relied upon the assistance of the former CEO and former CFO to prepare the relevant information. A Managing Director has been appointed to review and sign the document. The final document is being provided to all board members through the Board Chair.”

“All members of the Board and the executive management team complete and sign a Conflict of Interest Disclosure annually. Before major contracts are signed, the parties to the agreement are checked against these disclosures for propriety.”

“CEO compensation is approved by the full Board and is based on comparative data for similar nonprofits in the Los Angeles area, as well as budget/ financial resources. The CEO sets the salaries for the executive team using the same process of comparison as for the CEO. The Board is informed and asked to express any concerns with executive team salaries before employment offers are made. By Board policy, Board members do not receive compensation for their services.”

“ESI provides the public access to our form 990, governance documents, Conflict of Interest statements, and financial statement upon request. The form 990 is also available on guidestar.org”

“In January 2014, the Board decided to cease operations at the end of the summer 2014 program. Current activities include winding up operations and addressing outstanding organization obligations from fiscal year 2013/2014 and prior years.”

“These amounts are for teaching services provided by our volunteer teachers. They serve as employees of their local school where they serve and receive salaries/stipends. In some cases we supplement the local salary/stipend to help cover living expenses. These remittances are reported to the IRS on form 1096 and to the volunteers on form 1099 under applicable IRS rules.”