Northwest Chinese Academy

“President will review the organization's form 990 before it is filed.”

“After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determinatin of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. Procedures for addressing the conflict of interest an interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest the chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committe to investigate the alternatives tothe proposed transacton or arrangement. After excercising due diligence, the governing board or committee shall determine whether the organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the organization's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the avove determination it shall make its decision as to whether to enter into the transaction or arrangement. Violations of the conflicts of interest policy. If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of intereest, it shall inform the member aof the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“The organization's governing documents and financial statements are made available to the public upon request.”

“Computer maintenance, building maintenance, fundraising, special event planning, board of directors and school development committees.”

“The purpose as described above to operate the school”

“Book / tax depreciation difference 2”