Keiki O Ka 'Aina Preschool Inc

“Keikiakeakua mora (board secretary) and chelo garza-maguire (board member) have a family relationship.”

“Once the cpa completes the draft form 990, the cfo and ceo will review it, then will route it to the president and the treasurer to review before filing.”

“The conflict of interest policy applies to all directors, principal officers and members of any committees of the organization (interested persons). All interested persons have a duty to disclose possible conflicts of interests. The board of directors will discuss and vote on such matters to determine if a conflict exists and/or whether the organization should enter into such transaction or arrangement. The interested person is recused from discussions or voting on such matters.”

“The ceo of keiki o ka aina preschool, inc. Is the principal representative of koka, and the person responsible for the efficient operation of the nonprofit. Therefore, it is the desire of koka to provide a fair yet reasonable and not excessive compensation for the ceo. There are currently no other highly compensated employees and consultants as defined by the irs. The annual process for determining compensation is as follows: koka's compensation committee annually evaluates the ceo on their performance, and asks for input on matters of performance and compensation. Board approval. The executive committee will obtain research information to make a recommendation to the full board for the compensation (salary and benefits) of the ceo based on a review of comparability data including data that documents compensation levels and benefits for similarly qualified individuals in comparable positions at similar organizations. This data may include the following: 1. Salary and benefit compensation studies by independent sources; (robert half compensation reports.) 2. Survey information provided for positions at similar organizations; (provided by hawaii employers council) 3. Information obtained from the irs form 990 filings of similar organizations. (guidestar) concurrent documentation. To approve the compensation for the ceo the board moves to executive session to discuss their findings and how it has reached its decision, including the data on which it relied, in minutes of the meeting during which the compensation was approved. Documentation includes: a) a description of the compensation and benefits and the date it was approved; b) the members of the board who were present during the discussion about compensation and benefits, and the results of the vote; c) a description of the comparability data relied upon and how the data was obtained; and d) any actions taken (such as abstaining from discussion and vote) with respect to consideration of the compensation by anyone who is otherwise a member of the board but who had a conflict of interest with respect to the decision on the compensation and benefits. Independence in setting compensation: the compensation committee is comprised of volunteers and not compensated by the nonprofit, operates independently without undue influence from the ceo. No member of the compensation committee will be a staff member, the relative of a staff member, or have any relationship with staff that could present a conflict of interest.”

“AVAILABLE UPON REQUEST.”

“This process has not changed from the previous year.”