Bromley Outing Club Inc

“There is no committee authorized to act on behalf of the governing body”

“Each board of director is provided a copy of the form 990 before it is filed with the irs.”

“The organization has adopted a conflict of interest policy in order to protect its interest when it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer or director or key employee of the organization or might result in a possible excess benefit transaction. Each board of director, officer and member of the governing board is required to review and sign the conflict of interest annually. Adherence to the policy is required by the organization. Potential conflicts of interest, as defined in the policy,and all material facts and circumstances relative to the potential conflict must be disclosed to the board of directors and officers. Based on the disclosed relationship and all material facts and circumstances, the board will determine if a conflict of interest exists. If the board determines a conflict of interest exists, it shall exercise due diligence to determine if the organization can obtain with reasonable efforts a more advantageous transaction or arrangement that would not give rise to a conflict of interest. If a more advanatageous transaction or arrangement cannot be reasonably obtained, the board shall determine by a majority vote of the disinterested directors and officers whether the transaction is in the best interest of the organization, for its own benefit, and whether it is fair and reasonable. In conformity with the preceding determinations it shall make its decision as to whether to enter into the transaction or arrangement.if the board has reason to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for the such belief and afford the member an opportunity to explain the alleged failure to disclose. If after hearing the member's response and further investigation, if warranted, the governing board determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“Based on comparative compensation levels at like kind organizations in the area.”

“Documents are available to the public upon request.”