Mirabella Portland Foundation Inc

“The board of directors has an executive committee consisting of the officers of the foundation. The executive committee has the power to act only on those matters of routine business of the foundation for action between regular board meetings of the board of directors. The executive committee reports its actions to the board at the next regular meeting of the board.”

“Mirabella portland foundation's board delegates management duties to mirabella at south waterfront.”

“Articles of merger were filed with the oregon secretary of state in february 2023, merging mirabella portland foundation into mirabella at south waterfront, a related organization.”

“The organization has one member, mirabella at south waterfront.”

“Up to three board members are elected by the residents of mirabella at south waterfront. Mirabella at south waterfront appoints the remaining board members to mirabella portland foundation's board.”

“Mirabella at south waterfront holds reserve powers including but not limited to the following: (a) taking corrective actions in the event the board of directors embarks upon actions that contradict the mission of the foundation or potentially are in violation of federal, state, or local law; (b) approving and removing foundation directors; (c) appointing outside auditors; (d) approving policies and procedures for the foundation; and (e) approving any amendments or alterations to, or repeal of, the bylaws or articles of incorporation of the foundation.”

“The form 990 was reviewed by the corporate director of accounting, vice president of accounting and cfo.”

“The conflict of interest policy and questionnaire are sent to all board members and key employees annually. There are two policies related to conflicts of interest: 1) board of directors; 2)key employees, which identify the purpose, definitions, and procedures. If a conflict is self-identified by a board member or key employee in the questionnaire and/or meeting, procedures are followed and documented according to the policy.”

“Corporate financial data and governance information is not public information, and as such, is released only pursuant to legal regulation, court order, or other applicable law, and as directed by corporate counsel.”

“In february 2023, mirabella portland foundation was merged into mirabella at south waterfront (ein: 71-1016384), including all assets and operations.”

“The process and authority for selecting the financial statement auditor and for overseeing the financial statement audit did not change during the fiscal year.”