Shelter Legal Services Foundation Inc

“The board of directors may elect an executive committee of directors, which executive committee shall, except as the board of directors otherwise determines and provided that executive committee action shall not conflict with the express actions or policies of the board of directors, have full power and authority to act on all matters between meetings of the directors, except for power and authority that may not be delegated by the board of directors, and except for the following powers: to elect officers; to fill officer vacancies; to suspend or remove directors or officers from office; to hire, terminate or establish the compensation of the executive director/ceo; to approve the corporation's annual budget; to select the independent auditor for the corporation; to change the principal office of the corporation; to authorize a sale, lease, exchange, or other disposition of all or substantially all of the assets of the corporation; to authorize a merger or consolidation of the corporation; to authorize dissolution of the corporation; to initiate a bankruptcy proceeding; to amend the bylaws. The executive committee shall maintain a written record of its work and report in writing to the full board of directors.”

“The co-executive directors and business manager jointly review the form 990 in its entirety. The form 990 is also circulated to all board members for review.”

“Each director, trustee, officer, member of a committee with governing board delegated powers, and senior employee shall annually sign a statement which affirms that such person: a. Has received a copy of the conflicts of interest policy, b. Has read and understands the policy, c. Has agreed to comply with the policy, and d. Understands that the organization is tax-exempt and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. The statement shall include information relating to any actual or potential financial or duality interest as to such person. After disclosure of the financial or duality interest and all material facts, and after any discussion with the interested person, he or she shall leave 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 shall decide if a conflict of interest. After exercising due diligence, the governing board or committee shall by a majority vote of disinterested directors or committee members do the following: a. Determine whether the transaction or arrangement is in the organization's best interest and for its own benefit, is fair and reasonable to the organization, is based on appropriate comparability information, and will not result in an excess benefit transaction for irs purposes; and b. Make its decision as to whether to enter into the transaction or arrangement in conformity with such determination exists. This is overseen by board chair.”

“The compensation committee, consisting of board members, makes a recommendation to the board of directors. The board of directors considers the recommendation and independently reviews the compensation of the co-executive directors, compares it to other similar organizations in the boston area and holds a discussion to deliberate and approve. The organization does not presently have other compensated officers. The process described here was last completed in 2024.”

“The organization's governing documents and financial statements are available on the massachusetts attorney general's website, and also upon request.”

“Uncollectible endowment pledge -800.”