Janet Johnston Housenick and William D Housenick Memorial Foundation

“All board directors are given a copy of form 990 to review before it is filed. Also, as part of the review process, the 990 tax preparer is available to the three members of the board of directors to discuss the form 990 prior to its being filed.”

“Each director is required to promptly disclose to the other directors any of their interests and those of their family members that could give rise to conflicts of interest. The unaffected remaining directors will review and determine whether a conflict exists. Directors who are determined to have a conflict are not to participate in board of directors' deliberations and decisions involing the transaction in question.”

“The three board members are also the officers of the organization (president, vp and treasurer, vp and secretary). Compensation to each board member is paid for service as a member of the board, and all board members receive equal compensation. The board of directors determines the amount of compensation payable to the board of directors on an annual basis, and reviews data furnished by the association of small foundations for board members with comparable positions at similarly sized organizations. The board makes documentation and engages in recordkeeping regarding this subject. This process was last undertaken within the preceding 12 months.”

“Copies are available upon request. Copies are also forwarded to the township and county offices, both of which are public agencies and whose records are available for inspection by the public.”

“The organization's governing documents, conflict of interest policy and financial statements are made available to the public upon request. The same are available for review at the offices of the principal officer. Copies of all this material have been furnished to both the township offices and county offices, both of which are public agencies.”

“The foundation exists to make grants to bethlehem township in the county of northampton to promote, protect, preserve, conserve, maintain and enhance the janet johnston housenick and william d. Housenick memorial park situated in bethlehem township, northampton county, pennsylvania (the "memorial park") and the park land previously gifted by janet j. Housenick and william d. Housenick during their lifetimes to the county of northampton, commonwealth of pennsylvania for use as a public park (which is referred to as the "county park"). An additional purpose of the foundation is to encourage the integration of the memorial park and the county park in order to enhance the beauty of the parks for the public's enjoyment of them. Under the will, the foundation's principal and income may also be extended for grants to organizations that "qualify as exempt" under sections 170(c), 2055(a) and 2522(a) of the internal revenue code of 1986, as amended, for the purposes of promoting, protecting, preserving, conserving, maintaining and enhancing the memorial park and the county park.”

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