Lafayette Area Catholic Schools Foundation Inc.

“The organization is a membership organization. Anyone who donates 5.00 or more is a member. There are over 1500 members. There are no financial benefits for being a member. All officers and directors are required to be members. There are no shareholders nor any provisions therefor.”

“All members of the governing body are elected by majority vote of the members present annually at the annual meeting except the bishop of the catholic church diocese of lafayette indiana. The bishop is an ex officio member of the board. All officers are elected annually by majority vote of the governing body.”

“A majority vote of a quorum of members is required to transact business at a membership meeting.”

“The officers and directors in charge of the tax filings and management of the organization review the 990 before filing. The treasurer reviews it and the president reviews and signs it before filing. The 990 is also available for any voting director, officer, committee member, general member, or the public to review. There is no paid management.”

“The organizations compensation determinations are basic. There is no compensation paid, period.”

“There is no compensation paid.”

“The organization makes its governing documents and financial statements available to anyone upon request. In addition the financial statements are distributed to everyone present at the annual meeting and they are published in a newsletter once a year. The organization has no written conflict of interest policy but it is understood independence is a given.”