Us Sciences Po Foundation

“Each covered person who currently serves as a director or officer, or as an employee, volunteer or independent contractor or any person who currently has the ability to exercise substantial influence over the organization shall complete a questionnaire regarding conflicts of interest attached each year of their affiliation with the organization, disclosing any actual, potential or apparent conflicts, and affirming that they have read, understand, and have and will continue to adhere to this conflict policy. They shall also submit a new questionnaire disclosing any relevant change in circumstances. The questionnaire shall be reviewed by the audit and finance committee. If the board, the audit and finance committee or the president has reasonable cause to believe that a covered person has failed to comply with this conflict policy, they may make such further investigation as may be warranted in the circumstances and if they determine that a covered person has in fact failed to comply with this conflict policy, they shall take appropriate action which may include removal from office or termination.”

“And iv such transaction does not cause an excess benefit transaction under internal revenue code section 4958. Such determination must be made by the board of directors, in good faith, with knowledge of the material facts concerning the transaction and the partys interest in the transaction, by a vote of a majority of the directors then in office, without counting the vote of any interested director of directors, even though the disinterested directors be less than a quorum, and in accordance with any regulations under code section 4958”

“The executive committee uses data based on a review of similar organizations to determine a reasonable compensation for the executive director. The executive committee meets regularly to approve changes in compensation and benefits.”

“The organization makes its form 990 and form 1023 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, whistleblower policy, retention policy, articles of incorporation, form 990, form 1023, and by-laws are also available upon written request or by calling the organization directly.”