Governance, Fiduciary Oversight & Transparency
Operating under strict United States Internal Revenue Code Section 501(c)(3) standards, Ex-Mays Global Charity upholds radical financial transparency, independent board oversight, and zero commercial conflicts of interest.
Board of Directors & Executive Leadership
The governance of Ex-Mays Global Charity is vested in an independent Board of Directors consisting of seasoned educators, legal professionals, enterprise technologists, and distinguished alumni of Mayflower School. In strict adherence to federal non-profit governance standards, all officers serve without personal remuneration, bonuses, or commercial dividends.
Dr. Babatunde Adeleke, Ph.D.
President & Chairman of the BoardMayflower alumnus (Class of '84) and veteran academic administrator with over twenty-five years of leadership in international higher education and STEM curricular design. Provides overarching strategic direction, institutional partnerships, and fidelity to the Solarin pedagogical tradition.
Barrister Funmilayo Okonjo, LL.M.
General Secretary & Legal CounselSpecialist in non-profit law, corporate compliance, and transnational charity governance. Supervises statutory filings, ensures rigorous adherence to IRS 501(c)(3) regulations, and manages official institutional records and stakeholder disclosures.
Oluwaseun Balogun, CPA
Treasurer & Chief Financial OfficerCertified Public Accountant with extensive forensic audit and non-profit endowment management expertise. Directs accounting controls, manages annual external independent audits, and administers restricted scholarship fund disbursements.
2025/2026 Audited Financial Transparency Report
To substantiate our 100% non-commercial guarantee, the following accounting schedules reflect our audited revenue sources and programmatic expenditures for the concluding fiscal year. In accordance with federal guidelines, all figures reflect pure charitable activities, with zero commercial sales, zero merchandise retailing, and zero dividend payments.
Schedule A: Public Revenue & Philanthropic Inflows
| Revenue Category | Statutory Classification | Fiscal Year 2025 (USD) | Fiscal Year 2026 Projected (USD) | Percent Allocation |
|---|---|---|---|---|
| Individual Public Contributions | IRS 501(c)(3) Direct Public Support | $142,650 | $165,000 | 47.8% |
| MOSA Alumni Chapter Grants | Statutory Institutional Support | $98,400 | $110,000 | 33.0% |
| Philanthropic Foundation Grants | Restricted Educational Endowments | $45,000 | $55,000 | 15.1% |
| Corporate Philanthropic Matching | Unrestricted Corporate Benevolence | $12,350 | $15,000 | 4.1% |
| Commercial Sales / Fee-for-Service | Prohibited Commercial Revenue | $0.00 | $0.00 | 0.0% |
| Total Net Revenue Inflows | Statutory Non-Profit Support | $298,400 | $345,000 | 100.0% |
Schedule B: Programmatic Reinvestment & Operational Disbursements
| Disbursement Category | Beneficiary / Functional Area | Amount (USD) | Audit Verification Status |
|---|---|---|---|
| Academic Scholarship Awards | Tuition, examination, and living subsidies for 75 students | $138,500 | Verified • Receipts on Institutional File |
| Digital Laboratory Phase II | Workstations, networking, solar battery array installation | $86,200 | Verified • Physical Assets Tagged |
| Curricular Textbook Endowment | 1,400+ core volumes cataloged into school library | $42,800 | Verified • Library Master Ledger |
| Statutory Compliance & Auditing | IRS Form 990 filing, state incorporation, legal fees | $18,400 | Independent CPA Audit Standard |
| Volunteer Logistics & Travel | Unremunerated field inspection expenses | $12,500 | Capped & Expense-Audited |
| Total Reinvested Capital | 100% Programmatic & Fiduciary Execution | $298,400 | Balanced • Zero Retained Commercial Profit |
Governance Bylaws & Statutory Compliance Policies
Strict Conflict of Interest Policy
All board members, executive officers, and committee evaluators must submit an annual Conflict of Interest Disclosure statement. Any trustee holding personal, professional, or familial ties to a proposed vendor, contractor, or scholarship applicant must recuse themselves from voting and deliberation.
Whistleblower & Integrity Safeguards
Ex-Mays Global Charity provides confidential reporting avenues for alumni, donors, teachers, and students to report any suspected ethical lapses, administrative anomalies, or misuse of charitable resources. All reports are investigated directly by independent legal counsel.
Document Retention & Public Records
In accordance with the federal Sarbanes-Oxley Act and non-profit best practices, historical financial ledgers, board minutes, bank statements, and tax returns are preserved for a minimum statutory period of seven years in encrypted, redundant digital archives.
Zero Executive Compensation
No director or officer of Ex-Mays Global Charity receives salary compensation, stock options, discretionary severance agreements, or performance bonuses. Leadership is performed strictly as uncompensated public service in the spirit of alumni civic duty.
Access Official Statutory Filings
Copies of our IRS determination letter, Form 990 annual returns, and official certificate of incorporation in Clinton, Iowa, are readily available upon written inquiry to our compliance desk.
Request Compliance Documents