Southwestern Pennsylvania Partnership

“Reviewed by officers and distributed to directors prior to filing.”

“Conflict of interest policy applies to board members, staff, and certain volunteers. A volunteer is covered under this policy if that person has been granted significant independent decision making authority with respect to financial or other resources of the organization. Persons covered under this policy are referred to as "interested parties." an interested party is under a continuing obligation to disclose any actual or potential conflict of interest as soon as it is known, or reasonably should be known. An interested party shall complete a questionnaire to fully and completely disclose the material facts about any actual or potential conflicts of interest. The disclosure statement shall be completed upon his or her association with swppa and shall be updated annually thereafter. An additional disclosure statement shall be filed at such time as an actual or potential conflict arises. Any conflicts shall be reported to the president (chairman). The president (chairman), in consultation with the executive committee, shall determine if any further board review or action is required. An interested party who has an actual or potential conflict of interest with respect to a proposed action or transaction of the corporation shall not participate in anyway in, or be present during, the deliberations and decision making of swppa with respect to such action or transaction. The disinterested members of the board of directors may approve the proposed action or transaction upon finding that it is in the best interests of the corporation. The board shall consider whether the terms of the proposed transaction are fair and reasonable to swppa and whether it would be possible, with reasonable effort, to find a more advantageous arrangement with a party or entity that is not an interested party. Approval by the disinterested members of the board of directors shall be by vote of a majority of directors in attendance at a meeting at which a quorum is present. An interested party shall neither be counted for purposes of determining whether a quorum is present nor for purposes of determining what constitutes a majority vote of directors in attendance. The minutes of the meeting shall reflect that the conflict disclosure was made, the vote taken and, where applicable, the abstention from voting and participation by the interested party.”

“Inspection at principal office during regular business hours.”

“Professional services: program service expenses 283,634. Management and general expenses 41,753. Fundraising expenses 0. Total expenses 325,387.”

“The organization uses the modifed cash basis as its accounting method.”

“This process has remained unchanged from the prior year.”