Wbl Family Investments Inc

“Executive committee the board of directors may, by resolution adopted by a majority of the whole board of directors, designate an executive committee, to consist of one or more of the directors of the corporation. The executive committee, to the extent provided in said resolution, shall have and may exercise all of the authority of the baord of directors in the management of the business affairs of the corporation, except where action of the full board of directors is required by statute or by the articles of incorporation, and shall have power to authorize the seal of the corporation to be affixed to all papers which may require it. Any member of the executive committee may be removed by the board of directors by the affirmative vote of a majority of the board of directors, whenever in its judement the best interest of the corporation will be served thereby. The executive committee shall keep regular minutes of its proceedings and report the same to the board of directors when required. The board did not authorize an executive committee in fiscal year 2022.”

“Members: the episcopal school of dallas, inc. Is the organization's sole shareholder.”

“Members's power to elect governing body: directors of the organization are elected by a majority shareholder vote, as stated in the organization's operating agreement.”

“Form 990 review process: a copy of form 990 is provided to all board members prior to filing via secure electronic portal. The board chair of wbl family investments, inc., in conjunction with the cfo, the controller, and the senior controller of the episcopal school of dallas, inc., review the form 990 prior to filing with the irs.”

“Conflict of interest monitoring & enforcement: at the time of appointment, and annually thereafter, all board members of the wbl family investments, inc., must review and sign the code of conduct and conflicts of interest policy. Members must report any direct or indirect interest, financial or otherwise, of any nature that is in conflict with the proper discharge of the member's duties. Potential conflicts of interest must be disclosed as soon as possible after the member realizes that a conflict or potential conflict exists. Per wbl family investment, inc.'s conflict of interest policy, a conflict of interest exists when there is a potential financial or personl conflict, or the appearance of such a conflict, between a particular outside interest of a member of the esd community and the obligation that the member owes wbl family investments, inc. A director who is determined to have a conflict will be removed from the decision making process (committee, vote, report, etc.) for that item. Each conflict will be dealt with individually by the board. Each community member is encouraged to report apparent violations or concerns about violations of this code of conduct. / disciplinary action for proven violations of the code of conduct, or for retaliation against anyone who reports possible violations, will be determined by the head of school and/or board and may include termination of employement. Individuals who violate the code may also be subject to civil and criminal charges in some circumstances. Wbl family investment, inc. Has adopted a whistleblower policy for the protection of individuals who report apparent violations.”

“Documents are made available to the public: the organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“As of october 13, 2022, wbl family investments, inc. (wbl) transferred the properties it held for the benefit and support of the episcopal school of dallas, inc. (esd) directly to esd. As such, wbl's purpose was fulfilled and the organization has closed.”

“Intercompany balance write-off 1,671,018.”