The New Rochelle Public Library Foundation Inc

“The membership of the foundation shall be composed of the incumbent members of the foundation board of directors of the new rochelle public library.”

“The board of trustees of the new rochelle public library shall elect new persons to the membership of the foundation upon recommendation of the foundation.”

“The foundation has its form 990 prepared by an outside accounting firm and has established the following review process to ensure the information reported is complete and accurate. The foundation's audit committee assembles all necessary information and transmits to the accounting firm. When prepared, the financial statements, form 990 and char 500 are reviewed by the audit committee and any comments are shared with the accounting firm. The amended documents are then submitted electronically to the entire foundation board of directors for review and comment. If there are comments, they are relayed to the accounting firm to address. When corrected, the documents are resubmitted to the board for review and approval and the documents are filed.”

“The foundation has a conflict of interest policy which requires board members and officers to sign a conflict of interest statement annually, which identifies any and all actual or potential conflicts of interest. Any conflicts that are identified are addressed and noted in the board minutes. Those board members and officers who have conflicts of interest are prohibited from voting on matters involving such conflicts. The foundation regularly and consistently monitors compliance with the policy at board meetings throughout the year.”

“The organization makes form 990 available for public inspection as required under section 6104 of the irc. The return is posted on guidestar.org and charitiesnys.com. The financial statement, conflict of interest policy, form 990, form 1023 and governing documents are also available upon request.”