Laspau Inc

“The complete form 990 is reviewed by management and is provided to all the board members prior to its filing with the irs.”

“During all board meetings, the question is asked aloud if there is any known fact from any member of the board that could be construed as a conflict of interest. At the annual board meeting, conflict of interest forms are signed and collected. The clerk of the corporation keeps these forms on file. It is understood that if at any other time during the year a conflict of interest arises, the trustee will notify the clerk of the corporation. In the absence of fraud, no contract or other transaction between the organization and any other entity or person shall be affected or invalidated by the fact that any trustee or officer of the organization is pecuniarily or otherwise interested in or is a director, trustee, member, or officer of such other entity or is a party to or is pecuniarily or otherwise interested therein; provided that the fact that he individually or as a director, trustee, member, or officer of such entity is such a party or is so interested shall be disclosed to all or shall have been known by the board of trustees or a majority or such members thereof as shall be present or represented at a meeting of the board of trustees at which action upon such contract or transaction shall be taken; any trustee may be counted in determining the existence of quorum and may vote at any meeting of the board of trustees for the purpose of authorizing any such contract or transaction with like force and effect as if he were not so interested, or were not a director, trustee, member, or officer or such other entity, provided that any vote with respect to such contract or transaction must be adopted by a majority of the trustees then in office who have no interest in such contract or transaction.”

“The ceo's salary is determined by the board of directors in consultation with harvard university. Harvard's procedures include comparing the role with similar roles at the university to ensure pay equity.”

“The organization makes its governing documents, conflict of interest policy, form 990, and financial statements available upon request for the same period of disclosure as set forth in section 6104(d). In addition, the form 990 without schedule b is available via guidestar and the massachusetts attorney general's website.”

“This process has not changed from the prior year.”