Science Foundation Arizona

“Science foundation arizona's chief operating and financial officer reviews the form 990 in detail and agrees items reported to supporting schedules and the financial statement. Once the review is complete, the form 990 is presented to the ceo for review and approval.”

“All board members have received a copy of the conflict of interest policy, have read and understand the policy, has agreed to comply with the policy, and understands that sfaz is an organization that is exempt from tax as described in irc section 501c3. All board members have a duty to disclose to the board of directors and any committees with board delegated powers that are considering a proposed transaction if there is any actual or potential conflict of interest. The disclosure is required to include the existence and nature of the interest and all facts known to the interested person relating to the subject matter of the transaction that a prudent person would reasonably beleive to be material in making a judgement about whether or not to proceed with the transaction. The board of directors and committee members may request from the interested person such additional information or documents relating to the transaction that are required for adequate dislcosure. After disclosure of the individual's interest and all material facts, and after any discussion with the interested person, he or she shall recuse himself or herself from discussion on the potential conflict and from voting on the subject.”

“Sfaz has a compensation committee, which is a sub-committee of the board of directors. Annually, the committee performs a performance review on the president/ceo and recommends to the board any increase or decrease in compensation.”

“Financial statements, the conflict of interest policy and governing documents are available upon request for the same period of disclosure as a set forth in section 6104(d). Electronic and paper copies of each are available at sfaz's offices. The conflict of interest policy can also be found on the foundation website. The governance documents are filed and can be found by visiting the arizona corporation commission's website. The foundation's 990 can be found on guidestar.org and upon request to the organization.”