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FORM 990, PART VI, LINE 11B | MEMBERS OF THE BOARD OF DIRECTORS HAVE BEEN PROVIDED A COPY OF THE FORM 990 BEFORE FILING AND GIVEN AN OPPORTUNITY TO REVIEW. |
FORM 990, PART VI, LINE 12C | THE BOARD OF DIRECTORS HAS ADOPTED A CONFLICTS OF INTEREST POLICY GOVERNING DISCLOSURE AND MANAGEMENT OF POSSIBLE CONFLICTS OF INTERESTS. CONFLICTS OF INTERESTS ARE DEFINED AS INCLUDING BUT NOT LIMITED TO (A) RELATED PARTY TRANSACTIONS; (B) CIRCUMSTANCES IN WHICH A DIRECTOR, OFFICER, KEY EMPLOYEE, OR RELATIVE MAY RECEIVE A PERSONAL GAIN OR ADVANTAGE BY TAKING ACTION ON BEHALF OF POWERMYLEARNING; AND (C) CIRCUMSTANCES IN WHICH A DIRECTOR, OFFICER, KEY EMPLOYEE, OR RELATIVE MAY RECEIVE A MATERIAL BENEFIT FROM INFORMATION OR KNOWLEDGE THAT IS CONFIDENTIAL TO POWERMYLEARNING. IF A DIRECTOR, OFFICER, OR KEY EMPLOYEE HAS A CONFLICT OF INTEREST, THEN HE OR SHE MUST PROMPTLY DISCLOSE IN GOOD FAITH AND IN WRITING TO THE AUDIT COMMITTEE ALL MATERIAL FACTS CONCERNING SUCH INTERESTS. THE AUDIT COMMITTEE SHALL DECIDE, AND DOCUMENT, THE BASIS FOR THE AUDIT COMMITTEE'S APPROVAL OR DISAPPROVAL OF A RELATED PARTY TRANSACTION OR OTHER CONFLICT OF INTEREST. THE FOREGOING STATEMENT CONSTITUTES A SUMMARY OF THE CONFLICTS OF INTERESTS POLICY. ONLY THE POLICY IN ITS ENTIRETY GOVERNS THE COMPANY'S PRACTICES AND PROCEDURES WITH REGARD TO MATTERS COVERED BY IT. |
FORM 990, PART VI, LINE 15A/B | BOARD CHAIR WORKS WITH A CONSULTANT TO DETERMINE SALARIES OF THE INDIVIDUALS IN THE TOP MANAGEMENT, INCLUDING CEO AND OTHER KEY EMPLOYEES, BASED UPON COMPARABLE ORGANIZATIONS. |
FORM 990, PART VI, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MAINTAINED & AVAILABLE UPON REQUEST. THE ANNUAL FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE ORGANIZATION'S WEBSITE. |
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