Obie Harrington - Howes Foundation Inc

“The form 990 is reviewed by the treasurer and then sent to the full board electronically for review before it is filed.”

“No director or officer of the organization shall be disqualified from holding any office in the organization by reason of any interest in any concern. A director or officer of the organization shall not be disqualified from dealing, either as vendor, purchaser or otherwise, or contracting or entering into any other transaction with the organization or with any entity of which the organization is an affiliate. No transaction of the organization shall be voidable by reason of the fact that any director or officer of the organization has an interest in the concern with which such transaction is entered into, provided: 1. The interest of such officer or director is fully disclosed to the board of directors. 2. Such transaction is duly approved by the board of directors not so interested or connected as being in the best interests of the organization. 3. Payments to the interested officer or director are reasonable and do not exceed fair market value. 4. No interested officer or director may vote or lobby on the matter or be counted in determining the existence of a quorum at the meeting at which such transaction may be authorized. The minutes of meetings at which such votes are taken shall record conflicts of interest disclosure, abstention, and rationale for approval.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Professional fees - operational services: program service expenses 14,998. Management and general expenses 2,500. Fundraising expenses 10,499. Total expenses 27,997.”

“The board of directors assumes the responsibity for the oversight of audited financial statements, the board collectively reviews and approves the audited financial statement.”