Southeastern Regional Action Council on Substance Abuse Inc

“Board Members must all vote on decisions and be approved unanimously”

“A draft of Form 990 is provided to the Executive Director who distributes the document to the Finance Director. The Executive and Finance Directors review the 990 and bring any questions to the Executive Committee. Upon agreement of the Executive Committee, questions and comments are sent to the auditing firm as well as to the general board members. Once a completed 990 is prepared, it is then reviewed a second time at the general board meeting where representatives from the agency that completed the audit are present to answer any lingering questions. Once it is determined there is a final accepted 990, the Board of Directors votes to submit.”

“A conflict of interest exists when an interested person has either (A) a financial interest, as defined, that could be affected by a decision by or on behalf of the organization or (B) another relationship, obligation, duty of loyalty, or interest, whether financial or non-financial in nature, such as serving on the governing board of another organization, that could influence the interested persons decision-making for or on behalf of the fund (a duality of interest). Any director, principal officer, or member of a committee with a governing board delegated powers is an interested person, as well as any employee. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest or duality of interest and be given the opportunity to disclose all material facts to the directors and/or members of committees with governing board delegated powers who are considering a proposed transaction or arrangement or another matter affecting the interests of the organization. If the interested person with a conflict of interest has information that might be helpful to the governing board or committee, the interested person may make a presentation to the board or committee meeting, but after the presentation he/she shall leave the meeting during the discussion of, and the vote on, the transaction, arrangement, or matter involving the possible conflict of interest. The chair of the board or committee to investigate alternatives to the proposed transaction, arrangement, or matter. Regardless of whether a disinterested person or committee examines and identifies alternatives, in every case, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction, arrangement, or matter is in the organizations best interest and is fair and reasonable and shall only approve any such transaction, arrangement or matter that is. The minutes of the governing board and all committees with board delegated powers shall contain (A) the names of the persons who disclosed or otherwise were found to have an actual or possible conflict of interest, the nature of the interest, any action taken to determine whether a conflict of interest was present, and the governing boards or committees decision as to whether a conflict of interest in fact existed. (B) the names of the persons who were present for discussions and votes relating to the transaction, arrangement, or matter, the content of the discussion, including any alternatives considered, and a record of any votes taken in connection with the proceedings.”

“The Executive Committee of the Board of Directors annually determines the compensation of the Executive Director with the Chair of the Board of Directors as the spokesperson for the process. In determining appropriate compensation, the Executive Committee relies on comparability data to make its determination regarding compensation issues. Appropriate data includes compensation levels paid by similarly situated organizations for comparable positions. The Executive Committee identifies at least three comparable positions and compensation packages to support their determination. The Executive Committee provides the Board of Directors with a recommendation relative to compensation with supporting documentation. Approval of the compensation is documented in the meeting minutes.”

“Available on Guidestar”

“Available upon request”