Santa Catalina Island Conservancy

“A number of the board members are related through a family relationship.”

“The organization had members with governance rights during the tax year.”

“In accordance with the exercise of their reserved powers and authority under these bylaws, the members may convene an independent committee to approve, authorize or consider the approval or authorization of transactions or matters arising from time to time.”

“Under scic's bylaws, the benefactor members have the power to approve major corporate decisions, including most sales of real estate, borrowing of money, merger, dissolution, amendment of governing documents, investment policies, and oversight powers over certain endowments.”

“A copy of the return is provided to board members approximately one week prior to the annual fall board meeting for their review. The return is filed after the review at the board meeting.”

“The organization maintains a conflict of interests policy for board members, officers, and employees. In connection with any actual or potential conflict of interests, an interested person must disclose the existence and nature of any outside interest, outside activity, and financial interest to the board of directors, or the board committee delegated the authority to receive such disclosures. Monitoring is performed regularly by the board officers to identify potential conflicts of interest. Any question of a conflict is addressed with the interested person, who is required to disclose the existence of any financial interest and be afforded the opportunity to disclose all material facts to the board and executive director. If a conflict of interest is identified, the appropriate action is taken, including limitations to the individual's influence on related business matters. When conflicts of interest arise among board members, the board will impose restrictions on the conflicted individual to ensure impartiality and integrity in decision-making. Individuals with a conflict will be prohibited from participating in the governing body's deliberations and decisions related to the transaction. They will not be present during discussions and voting rights will be restricted on matters where their conflict exists. These measures help maintain transparency and prevent biased outcomes. Deliberations and decisions regarding conflicts of interest are documented through meeting minutes that record disclosures, board determinations, and voting outcomes, that ensures ongoing compliance and transparency.”

“There is a committee that sets the annual compensation of the president and cfo, which is to be based in part on comparable market data and must be approved by the board. The process described here was last completed in 2023.”

“While the federal tax law do not mandate that the organization's governing documents, conflict of interest policy and financial statements be made available for public inspection, the organization makes its financial information available on the website.”

“Unrealized pension change 59,344.”

“The process for oversight and selection of an independent accountant has not changed from the prior year.”

“In prior form 990s, scic had answered yes to this question, which asks whether the organization received or held conservation easements. While scic holds property that is subject to a conservation easement that it granted to the county of los angeles, scic does not itself hold any conservation easements.”