Tennessee Labor Management Foundation

“No officer, employee or director is authorized to pledge the assets or credit of the corporation for more than $500,000 without approval by a resolution of the Broad of Directors”

“All members will receive a copy of the Form 990 for their review prior to its filing.”

“All interested parties are required to disclose any possible conflict of interest, which is reviewed and voted on by the remaining members of the governing body, or committee. The governing board or committee shall seek whether The Foundation can obtain more advantageous transaction from a disinterested party.”

“Voting members of the governing body or committee who receive compensation shall be precluded from voting on compensation matters.”

“The records, by-laws, minutes and financial statements of The Foundation are made available to anyone, upon request.”

“All possible conflicts of interest are required to be disclosed by all interested parties. The review of such possible conflicts of interest will be conducted by the governing board or committee followed by periodic reviews which may include outside and independent experts.”

“Continue Mission Statement from Part I, Line 1: to focus on and fulfill workers educational needs for developing and maintaining interpersonal relationships for the good of the public, to promote peace and stability in the workplace, and to recognize and support those who have created a cooperative work environment. The foundation is organized to conduct public discussion groups, forums, panels, lectures, or similar programs for educational purposes under Section 501(c)(3) of the Internal Revenue Code, or corresponding section of any future federal tax code.”

“The governing body takes minutes of all meetings.”

“Line 9 Part XI. Prior period adjustment”