Inner City Education Foundation

“The organization does not have committies with authority to act on behalf of the board.”

“The form 990 is prepared by the organization's outside public accounting firm based on information provided by management. Once a draft of the return is available, it is reviewed by management with any changes or revisions incorporated into the filing. The revised return is then submitted to the board of directors for their review and approval prior to submitting to the irs.”

“Monitoring is performed regularly by the officers to identify potential conflicts of interest. Any question of a conflict is addressed with the interested person, who is required to disclose the existence of any financial interest and be afforded the opportunity to disclose all material facts to the board and executive director. If a conflict of interest is identified, the appropriate action is taken, including limitations to the individual's influence on related business matters.”

“Each year, the board of directors meets to discuss the compensation for all company employees. The board review data regarding the compensation paid to similarly qualified individual in functionally comparable positions by similar organizations within the geographic region. The board also review the performance of the employees during the prior year and the recommendations of the executive director [change as needed] regarding any adjustments to the employees' compensation. The executive director leaves the board meeting while the board deliberates and decides on any adjustments to compensation of the executive director and other employees for the upcoming year. Decisions are recorded in the minutes of the board meeting and in separate instructions to the executive director to implement the decisions.”

“All governing documents are maintained at the corporate office and are available upon request.”

“Contracted substitute teachers: program service expenses 511,574. Management and general expenses 0. Fundraising expenses 0. Total expenses 511,574. Special education services: program service expenses 497,011. Management and general expenses 0. Fundraising expenses 0. Total expenses 497,011. After school services: program service expenses 1,519,452. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,519,452. Other fees for service: program service expenses 967,314. Management and general expenses 604,385. Fundraising expenses 59,832. Total expenses 1,631,531.”

“The organization has not changed its process from the prior year.”