The Philanthropic Collaborative

“The president, john tyler, also serves on the board for the philanthropic roundtable, an organization that currently employs the treasurer, joanne florino.”

“The organization distributes copies of form 990 for each of the directors to review. Once approved by the board, the form 990 is submitted to the internal revenue service.”

“The following steps are used to determine and report conflicts of interest: 1) duty to disclose: in connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of the committees with governing board delegated powers considering the proposed transaction or arrangement. 2) determining whether a conflict of interest exists: after discosure 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 determiniation of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. 3) procedures for addressing the conflict of interest: a) an interested person may make a presentation at the governing board or committee , 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. B) the chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. C) after exercising due diligence, the governing board or committee shall detemine 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. D) 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 arrangment is in the organization's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement.”

“The organization makes its documents available upon written request.”

“Other fees: program service expenses 35,000. Management and general expenses 25,000. Fundraising expenses 0. Total expenses 60,000.”