TY 2018 Form 990 Schedule O

efile Public Visual Render ObjectId: 201943089349302114 - Submission: 2019-11-04 TIN: 26-0876000

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2018

Open to Public
Inspection

Name of the organization

GREAT MINDS

Employer identification number

26-0876000

Return Reference	Explanation
FORM 990, PART VI, SECTION B, LINE 11B	THE AUDIT AND FINANCE COMMITTEE REVIEW AND APPROVE A DRAFT OF THE 990. THE GOVERNING BODY IS PROVIDED WITH A COPY OF THE 990 VIA ELECTRONIC TRANSMITTAL PRIOR TO SUBMISSION OF THE FORM TO THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C	4A. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON DISCLOSES THE EXISTENCE OF THE FINANCIAL INTEREST AND IS GIVEN AN OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF THE COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER DISCUSSION WITH THE INTERESTED PERSON, HE/SHE LEAVES THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS DECIDE IF A CONFLICT OF INTEREST EXISTS. VIOLATION OF THE CONFLICTS OF INTEREST POLICY: 4B. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT INFORMS THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORDS THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. 4C. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCE, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT TAKES APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION.
FORM 990, PART VI, SECTION B, LINE 15	THE PROCESS FOR DETERMINING THE EXECUTIVE DIRECTOR'S COMPENSATION AS WELL AS OTHER KEY MEMBERS OF MANAGEMENT INCLUDES THE USE OF COMPARABLE DATA, COMPENSATION COMMITTEE DELIBERATIONS AND RECOMMENDATIONS, BOARD APPROVAL AND DOCUMENTATION IN BOARD MINUTES. THE COMPENSATION COMMITTEE IS A SUBSET OF THE MEMBERS OF THE BOARD OF DIRECTORS. THE EXECUTIVE DIRECTOR'S AS WELL AS SENIOR MANAGEMENTS' 2018 COMPENSATION WAS BASED ON AN ASSESSMENT BY AN INDEPENDENT CONSULTANT FROM PRICE WATERHOUSE COOPERS.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES THE LATEST VERSION OF ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST .
FORM 990, PART VI, LINE 1A	THE TOTAL NUMBER OF VOTING BOARD MEMBERS AS OF 12/31/2018 WAS 11. DURING THE YEAR, 12 PERSONS IN TOTAL SERVED ON THE BOARD OF THE ORGANIZATION.

Return Reference

Explanation

FORM 990, PART VI, SECTION B, LINE 11B

THE AUDIT AND FINANCE COMMITTEE REVIEW AND APPROVE A DRAFT OF THE 990. THE GOVERNING BODY IS PROVIDED WITH A COPY OF THE 990 VIA ELECTRONIC TRANSMITTAL PRIOR TO SUBMISSION OF THE FORM TO THE IRS.

FORM 990, PART VI, SECTION B, LINE 12C

4A. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON DISCLOSES THE EXISTENCE OF THE FINANCIAL INTEREST AND IS GIVEN AN OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF THE COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER DISCUSSION WITH THE INTERESTED PERSON, HE/SHE LEAVES THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS DECIDE IF A CONFLICT OF INTEREST EXISTS. VIOLATION OF THE CONFLICTS OF INTEREST POLICY: 4B. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT INFORMS THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORDS THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. 4C. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCE, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT TAKES APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION.

FORM 990, PART VI, SECTION B, LINE 15

THE PROCESS FOR DETERMINING THE EXECUTIVE DIRECTOR'S COMPENSATION AS WELL AS OTHER KEY MEMBERS OF MANAGEMENT INCLUDES THE USE OF COMPARABLE DATA, COMPENSATION COMMITTEE DELIBERATIONS AND RECOMMENDATIONS, BOARD APPROVAL AND DOCUMENTATION IN BOARD MINUTES. THE COMPENSATION COMMITTEE IS A SUBSET OF THE MEMBERS OF THE BOARD OF DIRECTORS. THE EXECUTIVE DIRECTOR'S AS WELL AS SENIOR MANAGEMENTS' 2018 COMPENSATION WAS BASED ON AN ASSESSMENT BY AN INDEPENDENT CONSULTANT FROM PRICE WATERHOUSE COOPERS.

FORM 990, PART VI, SECTION C, LINE 19

THE ORGANIZATION MAKES THE LATEST VERSION OF ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST .

FORM 990, PART VI, LINE 1A

THE TOTAL NUMBER OF VOTING BOARD MEMBERS AS OF 12/31/2018 WAS 11. DURING THE YEAR, 12 PERSONS IN TOTAL SERVED ON THE BOARD OF THE ORGANIZATION.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2018

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