Supreme Court Uniformed Officers Association Security Benefits Fund

“The organization's board president reviews the form 990 along with the draft of the audited financial statements with the outside auditor approximately one week before the form 990 is filed with the internal revenue service.”

“All persons subject to the conflict of interest policy shall report the possible existence of a conflict of interest for himself/herself or any other person subject to the policy. The report shall be made to the president of the organization.in the event the person in question is the president, said report shall be made to the first vice-president. After conducting due diligence, the board shall determine by a majority vote of the disinterested board members whether the transaction or arrangement in question is in the organization's best interest and for its own benefit and whether the transaction is fair and reasonable to the organization and shall make its decision as to whether to enter into or allow the transaction or arrangement in conformity with such determination and possible actions to be taken. As part of its due diligence efforts, the board shall determine whether the organization can obtain an equally advantageous transaction or arrangement with reasonable efforts from a person or entity that would give rise to a conflict of interest. Individuals who knowingly violate and/or refuse to abide by the policy may be subject to termination of their relationship with the organization.”

“The organization annually approves the president's compensation. The organization bases its review of the president's compensation on comparable compensation paid by other similar organizations. The organization did not compensate the president during the year.”

“The organization annually approves the officers' compensation. The organization bases its review of the officers' compensation on comparable compensation paid by other similar organizations. The organization did not compensate the officers during the year.”

“The organization makes its governing documents, conflict of interest policy, form 1024, financial statements, and form 990 available upon request. Interested parties should contact the president at 611 palisade avenue, englewood cliffs, nj 07623 to request a copy of any of the documents. The organization freely distributes its documents (audited financial statements, tax determination letter, form 990, and form 1024, etc.) upon request.”

“Unrealized gain on investments 0 unrealized loss on investment 0”