Mission Squash of Houston

“The form 990 is prepared by an independent accountant for management review. Once completed, the return is distributed to all board members, and approved by the operating committee in advance of filing.”

“Each director, principal office and member of a committee with governing board delegated powers shall annually sign a statemetn which affirms such person: (a) has received a copy of the conflicts of interest policy; (b) has read and understands the policy; (c) has agreed to comply with the policy; and (d) understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax exempt purposes. Any director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest is an interested person. A financial interest is not necessarily a conflict of interest. A person who has a financial interest may have a conflict of interest only if the appropriate governing board or committee decides that a conflict of interest exists. 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 discussions with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of itnerest is discussed and voted upon, the remaining board or committee members shall decide if a conflict of interest exists. An interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave teh meeting during the discussion of, and the vote on, the transaction or arrangemetn involving the possible conflict of interest. The chairperson of the governing board or committee shall, if appropriate, appoint a distinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the governing board or committee shall determine whether the organization can obtain with reasonable efforts a more advantageous transaction or arrangemetn from a person or entity that would nto give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee whall determine by a majority vote of the disinterested directors whehter the transaction or arrangement is in the organization's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination, it shall make it's decision as to whether to enter into the transaction or arrangement.”

“The process for determining compensation for the executive director included review and approval by independent members of the mission squash board following assessment of comparability data.”

“Key governance documetns are available at www.missionsuccesshouston.org”