Friendship Senior Options Foundation Nfp

“Friendship senior options, nfp provides strategic direction and critical management services including executive, administrative, and financial functions to friendship senior options foundation, nfp.”

“Friendship senior options, nfp is the sole member in that it can appoint the members of the governing body of friendship senior options foundation, nfp.”

“Friendship senior options, nfp is the sole member in that it can appoint the members of the governing body of friendship senior options foundation, nfp.”

“Section 2.3 of the bylaws provide for the following exclusive powers to the sole corporate member: 1. Adopt and amend the articles of incorporation, bylaws, and the corporation's mission, philosophy, or purpose. 2. Appoint and remove the corporation's board of directors and the chief executive officer/president, with or without cause. 3. Establish spending limits, investment policies, and capital and operating budgets. 4. Select independent auditors, legal counsel, and major consultants. 5. Authorize plans for mergers, consolidations, reorganizations, new subsidiaries or affiliates, dissolution, liquidation, and the disposition of substantial assets. 6. Implement major changes in the corporation's programs or services, including the creation of new ones or the discontinuation of existing ones.”

“All board of director members receive the form 990 via email before it is filed. The finance committee presented with the 990 by the tax preparers reviews the form 990 before it is filed.”

“Every year, the board members and management team receive a conflict of interest policy. They have to sign an attachment stating that they received the policy and whether or not they are aware of any conflicts. On those occasions where issues arise, the conflict, the potential for conflict, or the perception of conflict is fully disclosed to the board prior to discussion on the matter calling for board action. Prior to such discussion, the board has determined whether the presence of or participation by the "conflicted" board member in the discussion will influence the discussion itself or its outcome. The "conflicted" member may or may not be excused from such discussion. In all instances, the "conflicted" board member abstains from any vote on the matter.”

“Financial statements are made available upon request. The public is able to obtain copies of the annual report with summarized information, the governing documents, and the conflict of interest policy upon request.”

“Amount represents a prior period adjustment”