Iwlc

“The board of directors, by resolution adopted by a majority of the directors in office, may designate and appoint one or more committees, each of which shall consist of two or more directors, which committees, to the extent provided in the resolution, shall have and exercise the authority of the board of directors in the management of the corporation; provided, however, that no such committee shall have the authority of the board of directors to elect, appoint, or remove directors or fill vacancies on the board or any of its committees; or adopt, amend, or repeal the articles or bylaws. Such committees shall include the executive committee and the conference committee. The appointment of any such committee and the delegation of authority shall not operate to relieve the board of directors of any responsibility imposed upon it by law. Each committee shall fix its own rules governing the conduct of its activities as the board of directors may request.”

“The form 990 is prepared by an independent accounting firm. After the return is prepared, a full and complete draft is provided to management and the audit committee for detailed review and approval. Once approved the full and complete draft is provided to the entire board prior to filing with the irs.”

“To ensure the organization operates in a manner consistent with its charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. In addition, each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: has received a copy of the conflicts of interest policy, has read and understands the policy, has agreed to comply with the policy, and understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities that accomplish one or more of its tax-exempt purposes. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. The parties involved, the process, and the final determination is documented in the minutes.”

“Iwlc makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“Leadership conferences: in 2021, iwlc held three professional leadership conferences: cedar rapids,quad cities, and des moines. These conferences featured internationally known speakers, workshops, networking opportunities, and access to women's leadership resources. As a part of this programming, iwlc maintains a scholarship fund which helps to keep events accessible to as many women as possible. The scholarship fund covers the cost of event registration and is designated for students, minorities, small business owners, nonprofit staff, the unemployed, and/or other women experiencing financial need or hardship. In 2021 iwlc awarded 15 full scholarships to individuals valued at 300-500 each and awarded 10 student scholarships to individuals valued at 99 each. These scholarships are a reduction in the fees for the services that would have been paid to iwlc and as such are not recorded on the form 990.”