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FORM 990, PART VI, SECTION A, LINE 2 |
STUART ABRAMS PROVIDES BUSINESS SERVICES TO CRAIG STOUT. |
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FORM 990, PART VI, SECTION B, LINE 11 |
A "DRAFT" COPY OF THE 990 IS REVIEWED DIRECTLY BY THE PRESIDENT, EXECUTIVE DIRECTOR AND THE CHAIRMAN OF THE FINANCE COMMITTEE FOR ACCURACY, MATERIAL MISSTATEMENTS AND EXTRAORDINARY ITEMS. ONCE APPROVED, THE RETURN IS PROCESSED AND A COPY OF THE RETURN IS SENT TO EACH VOTING BOARD MEMBER (VIA EMAIL OR HARD COPY) PRIOR TO THE RETURN BEING FILED. |
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FORM 990, PART VI, SECTION B, LINE 12C |
BOARD TRUSTEE, EMPLOYEE OR VOLUNTEER OF THE SHAKER SCHOOL FOUNDATION SHALL AVOID ANY CONFLICT, INCLUDING THE APPEARANCE OF CONFLICT BETWEEN HIS OR HER PERSONAL INTERESTS AND THE INTERESTS OF THE FOUNDATION WHEN ACTING FOR OR REPRESENTING THE FOUNDATION OR WHEN DEALING WITH ANY ORGANIZATION OR INDIVIDUAL WHOSE OBJECTIVES OR INTEREST MAY BE ADVERSE TO SPECIFIC INTEREST OF THE FOUNDATION. EACH BOARD TRUSTEE SHALL DISCLOSE ANY POSSIBLE CONFLICT OF INTEREST IN A TIMELY MANNER. EACH SEPTEMBER, SUCH DISCLOSURE SHALL BE IN THE FORM OF AN ANNUAL DISCLOSURE OF INTEREST CERTIFICATE TO BE SIGNED BY EACH BOARD MEMBER, IN WHICH EACH SHALL INDICATE THAT HE OR SHE IS FAMILIAR WITH THIS POLICY AND HAS DISCLOSED OR IS DISCLOSING ALL KNOWN SITUATIONS THAT COULD POTENTIALLY INVOLVE A POSSIBLE CONFLICT OF INTEREST. |
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FORM 990, PART VI, SECTION B, LINE 15B |
THE BOARD PRESIDENT CONDUCTS AN ANNUAL REVIEW OF THE DIRECTOR OF DEVELOPMENT, BASED ON INPUT FROM THE EXECUTIVE DIRECTOR AND THE BOARD'S EXECUTIVE COMMITTEE. THE DEVELOPMENT DIRECTOR ALSO MEETS WITH THE FOUNDATION'S TWO EMPLOYEES AFTER RECEIVING FEEDBACK FROM THE EXECUTIVE DIRECTOR. ANY MERIT RAISES ARE BASED ON COMPENSATION PRACTICES OF THE SHAKER HEIGHTS CITY SCHOOL DISTRICT. |
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FORM 990, PART VI, SECTION C, LINE 19 |
ALL COPIES OF THE ORGANIZATION'S GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AND IN CERTAIN CASES AVAILABLE ON THE INTERNET AT WWW.SHAKER.ORG. |
CHANGES IN NET ASSETS OR FUND BALANCES: |
FORM 990, PART XI, LINE 9: |
CHANGE FROM CASH TO ACCRUAL METHOD SECTION 481(A) ADJUSTMENT 116,656. |
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THE ORGANIZATION HAS CHANGED ITS ACCOUNTING METHOD FROM CASH TO ACCRUAL TO COMPLY WITH THE FINANCIAL ACCOUNTING STANDARDS BOARD STATEMENT OF FINANCIAL ACCOUNTING STANDARDS 116. THEREFORE IT IS NOT REQUIRED TO FILE FORM 3115. |