Navy Marine Coast Guard Residence Foundation

“The organization's management prepares the form 990 with assistance from an outside accounting firm. The draft form 990 is reviewed by the cfo. Once appropriate revisions have been made, the materially complete form 990 is forwarded to the ceo and all board members of the organizaton for their review. Any comments or questions from the ceo and/or board members will be incorporated in the final form 990. The cfo will be signing the 990 and declaring its accuracy under penalties of perjury.”

“No employee may accept anything of monetary value in exchange for steering business to a particular vendor (or as an inducement or reward for having done so). Likewise, no employee should permit a close relative or friend to accept anything of value from a vendor in circumstances where it would be a conflict of interest for the employee to have accepted the benefit. Where the employee becomes aware of an actual or potential conflict of interest, the employee is obligated to immediately disclose this fact. Such disclosure automatically is required when a relative goes to work for a vendor with whom the employee regularly does business. With proper and timely disclosure, nmcgrf may be able to make arrangements which will alleviate its concerns over possible conflicts of interest. However, nmcgrf retains the right to insist on elimination of the conflict as a condition of continued employment. Where an employee accepts anything of value from a vendor without immediate and prompt disclosure, or otherwise violates this policy, the employee will be subject to serious discipline (up to and including discharge). Where the employee received kickbacks or other payments of significant monetary value, nmcgrf reserves the right to seek repayment of any ill-gotten gains from the employee (or his relatives) and from the vendor. Employees may hold outside jobs as long as they meet the performance standards of their job with nmcgrf. All employees will be judged by the same performance standards and will be subject to nmcgrf's scheduling demands, regardless of any existing outside work requirements. If a determination is made that an employee's outside work interferes with his/her performance, or the ability to meet the requirements of nmcgrf are being compromised, the employee may be asked to terminate the outside employment, if he or she wishes to remain with nmcgrf. Outside employment that constitutes a conflict of interest is prohibited. Employees may not receive any income or material gain from outside nmcgrf for materials produced or services rendered while performing their jobs within our organization.”

“Navy marine coast guard residence foundation undertook the following process for determining the compensation of the ceo: several independent board members reviewed a compensation survey or study that provided comparable information for ceos at similar organizations, as well as the ceo's prior year performance, and in accordance with this analysis approved the ceo's compensation. The cfo's compensation is determined by the ceo.”

“The organization makes their conflict of interest policy, organizational documents and financial statements available to the public upon request.”