The Stacy Joy Goodman Memorial Foundation Inc

“Marc and esther goodman are married.”

“The directors can choose to elect or remove members of the governing body so that it is composed of up to a maximum of five or a minimum of three members.”

“The governing body consists of the board of directors, who can ask the president to carry out the actions which the board approves. The president is granted the powers generally granted to a president of a corporation with regards to supervision and management of the corporation.”

“The organization is focused on funding research grants aimed at finding a cure for juvenile diabetes. The only expenditure generally undertaken annually, is a grant to the diabetes research institute, a 501(c)(3) charitable organization. Documentation is available for the written actions with respect to the annual grant, however, due to the limited activities of the organization, it does not have contemporaneous documentation for meetings held.”

“There is no separate committee with authority to act on behalf of the governing body. Only the board of directors is responsible for the decisions of the foundation.”

“The tax return is prepared by outside tax counsel and a draft is presented to the board of directors. Once the tax return is approved by the board of directors, it is signed by the president.”

“Due to the limited activity of the organization, which generally includes an annual grant to the diabetes research institute, a formal conflict of interest policy has not been adopted. Should the role of the organization expand, the organization will reevaluate the need to adopt a conflict of interest policy.”

“The organization makes its governing documents and financial statements available for public inspection upon request.”