Opas Foundation

“The following bylaw changes were made for the fiscal year ending 6/30/16: Tenure of Board of Directors: Established three-year terms, staggered so that each year approximately one-third of the Directors may retire from the board and a like number of Directors are elected. Directors may serve for unlimited consecutive terms. Removal: A Director may be removed by an affirmative vote by a majority of all other Directors. A Director may also resign at any time by delivering written notice. Notice of Special Meeting: Notice may be given via electronic communication. Presumption of Assent: A Director present at a meeting of the Board of Directors at which action on any corporate matter is taken shall be presumed to have assented to the action taken unless his or her dissent or recusal is entered in the meeting minutes, or the Director files his or her written dissent with the acting Secretary. Committees: The Board of Directors may create Committees of the Board. Membership will be set forth in a Board resolution or Committee charter. Committees are subject to the control and direction of the Board. Officers: Chairman and Vice Chairman are now Chair and Vice Chair. The Chair and Vice Chair must each be a Director. The President and Secretary (to the extent not a Director) shall serve as ex officio members of the Board of Directors. An Officer may resign at any time by delivering written notice to the Board. There is no longer a Treasurer. Executive Committee: The President may be designated by the Board of Directors as an ex officio member of the Executive Committee. The Board of Directors may accept on behalf of the Corporation any contribution, gift, bequest, or devise for the general purposes or for any special purpose of the Corporation, provided that it is in accordance with the Internal Revenue Code requirements for a public charity.”

“Before filing, a copy of the Form 990 and all required schedules were provided to each voting member of the Board of Directors. Each member is instructed to contact the President of the organization with any questions or concerns, and is given ten days to do so before the return is filed.”

“Each May, a conflict of interest disclosure form is distributed to all voting members of the Board of Directors. Each member has one month to return the form. Any conflict of interest is discussed at the next board meeting with appropriate actions taken by the Chairperson of the Board.”

“The Chairman of the Board of Directors is responsible for the completion and implementation of evaluation and compensation for the President. Prior to the conclusion of the fiscal year, and in conjunction with the budget preparation process for the subsequent fiscal year, the Chairman shall be responsible for recommending the compensation and benefits of the President. The development of the final compensation package may use market-based data that is independent of OPA. In addition, an outside consultant may be engaged to conduct an independent review periodically as determined by the Chairman to ensure that the information is timely and appropriate. The Chairman's assessment shall be provided for review to a Compensation Committee comprised of not less than two other members of the Board of Directors. Following the Compensation Committees' approval, the Board of Directors will make the final approval prior to the end of the fiscal year and note its actions in its minutes.”

“No documents available to the public.”