Sacred Heart Retreat House Inc

“The sole member of sacred heart retreat house , inc. Is flos carmeli formation centers, inc., a california nonprofit public benefit religious corporation.”

“All of the business and affairs of the organization are managed and controlled by the board of directors, except that certain powers are reserved to the members as defined by the bylaws. The powers reserved to the members may be initiated and excercised by the members or, if initiated by the board of directors of this organization, must be submitted to and receive the approval of the members, and the action of the members on such matters shall be final.”

“See explanation for form 990, part vi, section a, line 7a”

“There were no committees authorized to act on behalf of the governing body.”

“The administrator and board of directors revew the 990 prior to filing.”

“The conflict of interest policy applies to any officer, key employee and board members who has a direct or indirect financial interest. On an annual basis, all board members, officers and key employees sign the conflict of interest policy agreeing that they have received and understand the policy. This is normally documented at the first board meeting of the year. Where a potential conflict of interest exists, it shall be the responsibility of the person involved or any other person with knowledge to notify the board of trustees of the potential conflict, so that the board of trustees can provide such guidance and take such action as it shall deem appropriate. An interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. Violations of the conflicts of interest policy - if the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, 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 including but not limited to abstain from vote and remedy the conflict. The individual would not be present in these meetings.”

“All officers are religious personnel not receiving compensation.”

“The organization's governing documents, forms 990 and 1023, and financial statements are available upon request.”