MC2 Community Development Corporation

“The form 990 was prepared by the outside accountants, reviewed by senior management, and then by the president/ceo. Once the 990 was completed, it was then sent to the board of directors with the option to ask any questions at a monthly board meeting. A copy of the final 990 was sent to the entire board before it was filed with the irs.”

“Board members and staff sign a conflict of interest disclosure form annually. If an interested person (member of the board of directors, principal officer, or member of a committee with board delegated powers who has direct or indirect financial interest in the organization) has knowledge of any actual or possible conflict of interest, he/she must disclose the existence of his or her financial interest and all materials facts to the directors and members of the committee with board-delegated powers considering the proposed transaction or arrangement. An interested person who has disclosed an actual or possible conflict of interest may address said conflict but abstains from discussion and recusal from voting on the issue. Alternatively, an interested person, who has disclosed an actual or possible conflict of interest, may disclose a potential financial interest and all materials facts and, after any discussion with the interested person, he or she leaves the board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members decide if a conflict of interest exists. If the board or committee has reasonable cause to believe that a member has failed to disclose an actual or possible conflict of interest, it informs the member of the basis for such belief and affords the member an opportunity to explain the alleged failure to disclose. If, after hearing the response of the member and making such further investigation as may be warranted in the circumstances, the board or committee determines that the member has, in fact, failed to disclose an actual or possible conflict of interest, it takes appropriate disciplinary and corrective action.”

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