The Quebec-Labrador Foundation Inc

“Form 990 is reviewed by management and then, separately, by the audit committee. The organization sends a link to the board of directors, quebec-labrador foundation, inc. - u.s. To a protected board website to which the 990 is posted. Directors review the 990 prior to its filing.”

“For purposes of this provision, the term "interest" shall include personal interest, interest as a director, officer, member, stockholder, shareholder, partner, manager, or beneficiary of any concern or having an immediate family member who holds such an interest in any concern. The term "concern" shall mean any corporation, association, trust, partnership, limited liability entity, firm, person or other entity other than the organization, quebec-labrador foundation, inc. No director, officer or key employee of the organization shall be disqualified from holding any office or post in the organization by reason of any interest in any concern. A director, officer or key employee of the organization shall not be disqualified from engaging, either as vendor, purchaser or otherwise, or contracting or entering into any transaction with the organization or with any entity of which the organization is an affiliate, provided, however, that the following precautions are undertaken: 1. The interest of such director, officer or key employee is fully disclosed to the board of directors prior to its entering into the transaction. 2. No interested director, officer or key employee may vote or lobby on the matter or be counted in determining the existence of a quorum at the meeting of the board of directors at which such matter is voted upon. 3. Any transaction in which a director, officer or key employee has an interest shall be duly approved by the disinterested board members as being in the best interests of the organization. 4. Payments to the interested director, officer or key employee shall be reasonable and shall not exceed fair market value. 5. The minutes of meetings at which such votes are taken shall record such disclosure, abstention, and rationale for approval. The foregoing procedures shall not be required if the interest of the affected director, officer or key employee consists of direct or indirect ownership of 1% or less of public traded securities of the concern or if the transaction is de minimis in relation to the organization's assets or revenues. Directors, officers and key employees are required to disclose their interests that could give rise to conflicts of interest at least annually. The conflict of interest policy and annual disclosure statement are mailed to the board of directors, officers, and key employees of the quebec-labrador foundation. The signed disclosure statement is collected and reviewed by the president of the organization, elizabeth alling.”

“Compensation is reviewed by the members of the executive compensation committee with a periodic review done by an external third party. The compensation of the president is reviewed by the executive compensation committee and approved by the board of directors, and is periodically compared to comparable data at similar organizations.”

“Governing documents, governance reference manual, conflict of interest policy, and financial statements are posted on the qlf website. The governance reference manual includes by-laws, members of the governing boards, board committees and corresponding board charters, staff, and policies of the quebec-labrador foundation to include: conflict of interest, whistleblower policy, document retention and destruction policy, compensation setting policy, and the joint venture policy.”

“Payroll processing fees: program service expenses 14,824. Management and general expenses 1,273. Fundraising expenses 1,525. Total expenses 17,622. Contractors: program service expenses 10,681. Management and general expenses 917. Fundraising expenses 1,099. Total expenses 12,697. Other: program service expenses 156,203. Management and general expenses 13,418. Fundraising expenses 16,070. Total expenses 185,691. Board counsel fees: program service expenses 14,248. Management and general expenses 1,224. Fundraising expenses 1,466. Total expenses 16,938.”