Bioconnect Iowa

“The 990 is e-mailed to the board members for review before filing with the irs.”

“Directors must openly disclose a potential, real or perceived conflict of interest to a member of the governance committee as soon as the issue arises and before the board or its committees make any decisions which involve a potential conflict. If there is any question of doubt about the existence of a real or perceived conflict, the governance committee will determine by majority vote if a conflict exists. The person potentially in conflict shall be absent from the discussion and vote. Each director, principal officer and member of a committee with board-delegated powers shall annually sign a statement which affirms that such person: a) has received a copy of the conflicts of interest policy; b) has read and understand the policy; c) has agreed to comply with the policy; and d) understands that bioconnect iowa is a charitable organization and that in order to maintain its federal tax exemption it must engage primarily in activities that accomplish one or more of its tax-exempt purposes.”

“Bioconnect iowa makes the articles of incorporation available to the public upon request. This document is available for the same period of time as described in the internal revenue code section 6104(d) for other public disclosure documents.”

“Contract services: program service expenses 170,030. Management and general expenses 5,556. Fundraising expenses 0. Total expenses 175,586. Sbir technical assistance: program service expenses 370,104. Management and general expenses 0. Fundraising expenses 0. Total expenses 370,104. Consulting fees: program service expenses 0. Management and general expenses 18,233. Fundraising expenses 0. Total expenses 18,233.”

“Equity in net income of ivccf -652,092.”

“The process has not changed.”