Iwlc

“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.”