National Science Policy Network

“The return was prepared by an independent accounting firm and reviewed and approved by the organization's chief executive officer. A copy of the return was distributed to the entire board before filing with the irs.”

“Each director, officer, employee, and volunteer must disclose any actual, potential, or perceived conflict directly to the board as soon as it is identified and before the organization enters into the related transaction or arrangement. Employees and volunteers disclose to their manager, who then informs the board. After disclosure, the interested person must provide all material facts to the board. The board then makes a formal determination as to whether a conflict exists. To preserve independence, the interested person leaves the meeting while the board discusses and votes on the conflict determination, and the remaining disinterested board members decide by majority vote. If the board determines no conflict exists, the matter can proceed in the normal course (unless board approval is otherwise required). If a conflict exists, the board must follow additional conflict-handling procedures before approving any related transaction. Conflicted transactions are subject to heightened scrutiny and guardrails. The interested person may present information, but must leave during deliberations and voting and must not attempt to influence the board's decision. The board chair may appoint a disinterested person or committee to investigate alternatives and obtain market or comparability data. The board then evaluates whether a more advantageous, non-conflicted alternative is reasonably available. If not, disinterested directors must determine by majority vote that the transaction is in the organization's best interests, for its benefit, and fair and reasonable, and then decide whether to proceed. The policy requires detailed board minutes documenting disclosures, the nature of the interest, investigative steps, who was present, and the board's determinations, discussions, alternatives considered, and votes. If the board has reasonable cause to believe someone failed to disclose a conflict, it must notify the person, allow an explanation, investigate as warranted, and impose appropriate corrective or disciplinary action up to termination or removal from the board. All personnel have an affirmative duty to report suspected nondisclosure under the whistleblower policy.”

“The chief executive officer's compensation was set and approved by independent members of the board of directors. The board relied on comparable compensation data from similarly situated nonprofit organizations, comparable executive roles, and funding available to inform its determination.”

“The organization makes its governing documents and financial statements available to the public upon request.”

“Other professional fees: program service expenses 39,911. Management and general expenses 0. Fundraising expenses 0. Total expenses 39,911.”