Town Center Inc.

“The organization did not have any committees with the authority to act on behalf of the board of directors during the tax year.”

“The Form 990 will be reviewed and provided to the Board of Directors prior to filing with the IRS.”

“The conflict of interest policy applies to the board members and other individuals that have influence over the organization. Transactions with parties with whom a conflict of interest exists may be undertaken only if all of the following are observed: 1) The conflicting interest is fully disclosed; 2) The person with the conflict of interest is excluded from the discussion and the vote to approve such transaction; 3) A competitive bid or comparable evaluation exists; and 4) The board (or a duly constituted committee thereof) has determined that the transaction is in the best interest of the organization. Disclosure in the organization should be made to the executive director who shall bring the matter to the attention of the board (or a duly constituted committee thereof). Disclosure involving members of the board of directors should be made to the board chair, or if she/he is the one with the conflict, to the board vice chair who shall bring these matters to the board (or a duly constituted committee thereof). The board (or duly constituted committee thereof) shall determine if a conflict exists and in the case of an existing conflict, whether the contemplated transaction may be authorized as just, fair, and reasonable to the organization. Proceedings for conflicts of interest are documented in the meeting minutes or as otherwise appropriate.”

“The organization makes its governing documents, conflicts of interest policy and financial statements available to the public upon request.”