Folds of Honor Arizona Chapter

“As a chapter of folds of honor foundation national, national has the right to approve the following for fohaz use of any mark or word to identify the organization securing any physical location from which to operate the chapter, whether by renting, leasing, purchasing, or otherwise the sourcing of items or services vendors content of the organizations website any contract involving amounts in excess of 10,000. Further, should any actions or inactions of the board or any director or officer of fohaz cause fohaz to fail to meet nationals standards and qualifications, or should such action or inaction whether or not in conjunction with the activities of fohaz result or potentially result in any of the marks falling into disrepute or impairment of nationals or fohazs reputation or goodwill, national has the right to require that fohaz replace the board or any director or officer with a person or persons who meet nationals standards and qualifications as soon as practicable and in any event, within ten business days.”

“The organization has an executive committee who may have meetings without the full board of directors. Minutes of these meetings are taken and are presented to the full board at the next regular meeting.”

“The form 990 is prepared by an outside accounting firm. Prior to filing, a copy of the 990 is provided electronically to the board and then approved at the board meeting..”

“At each board meeting, if there is a discussion of selecting or engaging a vendor or service provider, all in attendance are asked to recuse themselves from this discussion if there could be a perceived conflict. Annually, the organization reviews and discusses the conflict of interest policy and requests that each board member list and acknowledge any known conflicts.”

“The board may hire and compensate individuals for necessary services rendered to the organization so long as such compensation is reasonable. The board shall determine reasonable compensation amounts based upon compensation paid by similarly situated nonprofits for like services. An individual who is a member of the board who receives compensation, directly or indirectly from the organization for services, is precluded from participating in discussions or voting as it pertains to their own compensation. Currently all board members are volunteers.”

“The organization will provide, in a timely manner, financial statements and governing documents, including its conflict of interest policy, when requested in writing or in person.”

“Adjustment to prior year accounts receivable”