Kingston Area Supporting Organization Inc.

“The supported organization, community foundations of the hudson valley, appoints a majority of the board members. A minority of the board members is appointed by novo foundation.”

“There are no committees that act on behalf of the governing body.”

“Kingston area supporting organization (kaso) has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information is complete and accurate. Once the form 990 has been prepared, the related organization community foundations of the hudson vally's (cfhv) president and ceo, cfo, and director of operations reviews it with the outside accounting firm. The form 990 is then presented to the kaso board for approval. Once approved by the kaso board, the form is then filed with the irs.”

“The conflict of interest policy (the "policy") applies whenever (1) there is any proposed transaction, investment, arrangement, grant, program, or other activity in which kingston area supporting organization, inc. (the organization") would be a participant and one or more covered persons or related parties, as defined below, would have a financial interest; or (2) there could be an actual or perceived conflict of interest for some other reason, including any transaction, investment, arrangement, grant, program, or other activity in which the interests of a covered person or related party could be seen as competing with the interests of the organization. Covered persons must, annually and prior to their initial election or hiring, as the case may be, complete, sign, and submit a disclosure statement, to the secretary of the organization, who will keep a confidential file of these disclosure statements. Complete, candid, and timely completion of the disclosure statement is an obligation of each covered person. The board will oversee the implementation of, and compliance with, the policy. The secretary will endeavor to ensure that all covered persons file disclosure statements in accordance with the policy. If any covered person fails to comply with the policy's disclosure requirements, the secretary will report such failure to the board, which will take appropriate corrective action. Any covered person having the conflict shall refrain from participating in or attempting to influence any decisions or votes regarding the matter under consideration, and shall retire from the meeting during any deliberations and votes on such matter. At the request of the board (or board committee, as applicable), the person may present background information or answer questions regarding the matter under consideration prior to the deliberations or vote on such matter.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on guidestar.org and other similar types of websites. The return and financial statements are available on the organization's website. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request or by calling the organization directly.”