| FORM 990, PAGE 6, PART VI, LINE 11B |
THE FINANCE COMMITTEE WILL REVIEW THE FORM 990 PRIOR TO FILING. POINTS RAISED BY THIS REVIEW ARE RESOLVED BETWEEN KEY FINANCIAL PERSONNEL, OTHER MANAGEMENT PERSONEL (IF NEEDED) AND THE ORGANIZATION'S OUTSIDE TAX PREPARER BEFORE FILING. IN ADDITION, THE 990 WILL BE EMAILED TO THE FULL BOARD PRIOR TO FILING WITH THE IRS. |
| FORM 990, PAGE 6, PART VI, LINE 12C |
IDEA PUBLIC SCHOOL REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY HAVING ALL PERSONNEL SIGN AN ANNUAL TEA GOVERNANCE REPORTING FORM. ADDITIONALY, THE BOARD IS REQUIRED TO COMPLETE CONFLICT OF INTEREST DISCLOSURE FORMS. |
| FORM 990, PAGE 6, PART VI, LINE 15A |
COMPENSATION PROCESS FOR TOP OFFICIAL: FOR CEO COMPENSATION, THE BOARD OF DIRECTORS CONTRACTED AN INDEPENDENT CONSULTANT TO CONDUCT A SURVEY OF CEO'S IN SIMILAR SIZED NON-PROFIT ORGANIZATIONS IN THE SAME INDUSTRY. BASED ON THE ANALYSIS, THE BOARD OF DIRECTORS APPROVED A SALARY AT A LEVEL WITHIN NON-PROFIT INDUSTRY NORMS. |
| FORM 990, PAGE 6, PART VI, LINE 15B |
FOR OTHER EXECUTIVES, SALARY WAS SET USING A SIMILAR PROCESS OF INDUSTRY BENCHMARKING BASED ON DATA AGGREGATED BY A FIRM THAT SPECIALIZED IN NON PROFIT COMPENSATION REPORTS. IN ADDITION, THE ANNUAL TASB REPORT ON SALARIES IN TEXAS PUBLIC SCHOOLS WAS UTILIZED TO CHECK EXTERNAL COMPARABLES. |
| FORM 990, PAGE 6, PART VI, LINE 19 |
THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9 |
DIRECT EXPENSES THAT ARE INCLUDED ON FUNDRAISING REVENUE 172,168 DIRECT EXPENSES THAT ARE INCLUDED ON FUNDRAISING REVENUE -172,168 EXTINGUISHMENT OF DEBT 7,043,148 TOTAL 7,043,148 |
Attach to Form 990 or 990-EZ.