FORM 990, PART VI, SECTION A, LINE 2 |
MICHAEL KLEIN, BOARD CHAIR AND BETTINA KLEIN, TRUSTEE HAVE A FAMILY RELATIONSHIP. |
FORM 990, PART VI, SECTION B, LINE 11B |
THE FINANCE COMMITTEE REVIEWED AND APPROVED THE FORM 990 PRIOR TO FILING. THE ENTIRE BOARD OF DIRECTORS DOES NOT REVIEW THE FORM 990 PRIOR TO FILING. |
FORM 990, PART VI, SECTION B, LINE 12C |
TO ENSURE THAT THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH ITS TAX-EXEMPT PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS STATUS AS A 501(C)(3) TAX- EXEMPT ORGANIZATION, PERIODIC REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: A. WHETHER COMPENSATION OF DIRECTORS, OFFICERS, AND KEY EMPLOYEES, INCLUDING ALL BENEFITS, ARE REASONABLE, IF ANY, BASED ON COMPETENT SURVEY INFORMATION, AND ARE THE RESULT OF ARM'S LENGTH BARGAINING. B. WHETHER ACQUISITIONS OF SERVICES RESULT IN INUREMENT TO ANY INTERESTED PERSON OR ANY IMPERMISSIBLE PRIVATE BENEFIT. C. WHETHER PARTNERSHIP AND JOINT VENTURE ARRANGEMENTS, AND ARRANGEMENTS WITH MANAGEMENT SERVICE ORGANIZATIONS AND OTHER ORGANIZATIONS, CONFORM TO WRITTEN POLICIES IF ANY, ARE PROPERLY RECORDED, REFLECT REASONABLE PAYMENTS FOR GOODS AND SERVICES, FURTHER THE ORGANIZATION'S TAX-EXEMPT PURPOSES, AND DO NOT RESULT IN INUREMENT TO ANY INTERESTED PERSON OR ANY IMPERMISSIBLE PRIVATE BENEFIT. D. WHETHER AGREEMENTS TO PROVIDE GOODS OR SERVICES TO THE ORGANIZATION FURTHER THE ORGANIZATION'S TAX-EXEMPT PURPOSES AND DO NOT RESULT IN INUREMENT TO ANY INTERESTED PERSON OR ANY IMPERMISSIBLE PRIVATE BENEFIT. E. WHEN CONDUCTING THESE PERIODIC REVIEWS, THE ORGANIZATION MAY, BUT NEED NOT, USE OUTSIDE ADVISORS AND/OR EXPERTS. IF OUTSIDE ADVISORS AND/OR EXPERTS ARE USED, THEIR USE SHALL NOT RELIEVE THE DIRECTORS OF THEIR RESPONSIBILITY FOR ENSURING THAT PERIODIC REVIEWS ARE CONDUCTED, AND DETERMINING FROM THESE FINDINGS WHETHER TO CONTINUE IN EXISTING CONTRACTS OR SEEK NEW PROPOSALS. |
FORM 990, PART VI, SECTION C, LINE 19 |
THE FINANCIAL STATEMENTS ARE AVAILABLE THROUGH THE NYS CHARITIES BUREAU WEBSITE; RELEASE OF ALL OTHER DOCUMENTS ADDRESSED ON A CASE-BY-CASE BASIS UPON REQUEST. |
FORM 990, PART VIII, LINE 2A: |
APPROXIMATELY 150 STUDENTS RECEIVED REDUCED TUITION DUE TO FINANCIAL NEED. THE REDUCED TUITION (PROGRAMMING SCHOLARSHIPS) WERE NET WITH TUITION INCOME AS FOLLOWS: TUITION INCOME 495,292 PROGRAMMING SCHOLARSHIPS (380,630) PART VIII, LINE 2A 114,662 |
FORM 990, PART XII, LINE 2C: |
THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. |