American Sustainable Business

“A copy of the Form 990 is distributed to each officer prior to electronically filing with the Internal Revenue Service.”

“Definition of Conflicts of Interest A conflict of interest will be deemed to exist whenever a director, officer or employee of the corporation is in the position to approve or influence corporation policies or actions which would or might financially benefit or harm: (a) the individual; (b) any member of the individual's immediate family (spouse, parents, children, brothers or sisters, and spouses or domestic partners of these individuals); or (c) any organization in which the individual or an immediate family member is a director, trustee, officer, member, partner or has or controls more than 10% ownership interest. Disclosure of Conflicts of Interest A director or officer shall disclose to the board any actual or potential conflict of interest as soon as possible after the director or officer learns of the conflict. If the matter is before a committee, the action or transaction in question shall be referred to the board and no further action on the matter shall be taken until the matter can be considered by the board. Approval of Contracts and Transactions Involving Potential Conflicts of Interest Following receipt of information concerning an action or transaction involving an actual or potential conflict of interest, the board shall consider the material facts concerning the proposed action or transaction. The board shall approve only those actions or transactions in which the terms are fair and reasonable to the corporation and the arrangements are consistent with the best interests of the corporation. The board shall set forth the basis for its decision with respect to approval of actions or transactions involving conflicts of interest in the minutes of the meeting at which the decision is made, including the basis for determining that the action or transaction is fair to the corporation. Validity of Actions Involving Conflicts No action or transaction of the corporation in which one or more of its directors, officers, or employees has an actual or potential conflict of interest shall be either void or voidable for this reason alone of by reason alone that such director(s) or officer(s) are present at the meeting of the board which authorizes the action or transaction, provided that the material facts as to such director or officer's interest in such action or transaction were disclosed to the board prior to the vote and the transaction was approved by a vote sufficient for such purpose without counting the vote or votes of any interested director. Interested directors may be counted in determining the presence of a quorum at a meeting of the board which authorizes such contract or transaction. At the time of the discussion and decision concerning the authorization of such contract or transaction, the interested director or officer should not be present at the meeting.”

“Directors shall not receive any compensation for their service on the board. The board may, however, preside by resolution that actual and necessary expenses of attendance at any meeting of the board or any committee thereof may be reimbursed upon written request. Directors may also be paid reasonable compensation for services rendered to the corporation in another capacity, provided that such compensation is approved by the board.”

“Disclosure of governing documents, policies and financial statements may be obtained upon request.”

“Consulting Services: Program service expenses 914,644. Management and general expenses 179,395. Fundraising expenses 0. Total expenses 1,094,039. Professional Services: Program service expenses 25. Management and general expenses 8,718. Fundraising expenses 0. Total expenses 8,743.”

“There were no changes to the organization's selection process or oversight process during the year.”