The Bergen-Passaic Arc Foundation Inc

“Kathleen walsh and erik patt have a business relationship and are compensated by a releated organization.”

“Members of the board of trustees serve collectively as the governing body of the organization.”

“The board of trustees serves as the governing body for the organization. The board of trustees elects its own members in accordance with the by laws of the organization with exception of the treasurer/cfo who is a member of the board by virtue of holding the position of treasurer/cfo of the arc of bergen-passaic counties.”

“Members of the board vote on decisions before approval is made.”

“The foundation's treasurer will review the final prepared form 990 in detail. The treasurer will review 990 with the board of trustees at the next scheduled meeting.”

“The foundation's conflict of interest policy requires that board members disclose any conflict or potential conflict which arises in the course of conducting the business of the organization. Disclosure is required before the transaction in question occurs. Board members with an actual or potential conflict of interest are prohibited from participating in discussion or deliberation on any matter from which a conflict arises. Board members are prohibited from voting on any matter in which there is an actual or potential conflict of interest. On an annual basis each board member is provided with a copy of the conflict of interest policy and is required to disclose in writing any professional, financial and personal affiliations which could actually or potentially, pose a conflict or the appearance of a conflict of interest or affect his/her decision making capacity in relation to his/her role with the foundation. In addition the annual disclosure form includes each trustee's signed agreement to comply with the disclosure and reporting requirements of the policy. If a board member becomes aware of a conflict of interest after the fact, he or she is required to immediately disclose the conflict through the chair. This disclosure is to be clearly recorded in the minutes along with the resulting action taken. If there is reason to believe a board member has a conflict of interest that has not been disclosed, any member becoming aware of such a conflict is to immediately notify the chair of the board who is tasked with investigating the potential conflict and bringing the results of said investigation to the full board for appropriate action. The annual acknowledgement and disclosure forms are filed with the corporate secretary. In the course of conducting the business of the organization, as the board deliberates the appointment of new members or the execution or renewal of contracts, the disclosure forms are reviewed to ensure there is no previously identified conflict. In addition, in accordance with the policy any member who discovers he or she has a conflict or even the appearance of a conflict is required to disclose it at that time.”

“The organizations governing documents are available upon request, during normal business hours, by appointment.”

“The board of trustees reviews and approves the financial statements.”