Epilepsy Foundation of Northcentral

“Before the 990 is filed, the treasurer thoroughly reviews the 990 and compares it to the audited financial statements.”

“To serve the best interests of the foundation, it is important for all board members to disclose any potential conflict of interest on a matter coming before the board. Under such circumstances, the board member shall disclose the conflict, all material facts, and answer any questions. That board member shall leave the room while the remaining directors decide whether a conflict exists. This will be done by vote, recorded in the minutes. If it is determined that a conflict exists, the board should determine whether the corporation can obtain a more advantageous action or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible, the board shall determine by a majority vote of the disinterested directors, whether the transaction or arrangement is in the epilepsy foundations best interest and then make a decision. The interested director shall remain outside of the room during the board discussion and vote. The secretary shall note in the board minutes that the board member disclosed the conflict, its nature, the action taken by the board including any discussion of alternatives, and that the director did not participate in the vote. If the proposal with the potential conflict was accepted, the reasons for acceptance should be documented in the notes. Board members are also required to disclose when a proposal would directly impact them or their family member in a non-financial manner. Once the personal conflict is disclosed, the board member may vote on the issue.”

“If there is funding available, the board will approve a percentage increase for staff. The executvie compensation policy states the executive directors salary must be in line with the salary range for directors which is based on current market comparators.”

“The organizations form 1023, 990, conflict of interest, audited financial statements and governing documents are available for public inspection at their location during normal business hours.”

“The committee that assumes responsibility for oversight of the audit and selection of the independent accountant has not changed from the previous year”

“Although no grants or services were directly provided to an officer, director, trustee, key employee, substantial contributor, or related individual this fiscal year, as part of the organizations bylaws, at least one director or related person shall be an individual with disabilities eligible to receive services from the foundation. No more than one member of a family may serve as a member of the board of directors at a given time. There must be a one year gap between the terms of the officer on the board of directors of two individuals within a family.”