Tom Ellis Athletic Memorial Foundation

“Only 9 of 20 members have voting rights because of their status as employees of the covington independent school system with the exception of the president of the foundation.”

“This is granted through the by-laws of the foundation.”

“NONE”

“The by laws of the organization indicates the proceedure for electing new members to he board. Currently we have 9 voting members and a total of 20 board members who are either an employee of or affiliated with the covington board of education and therefore cannot have a vote with the exception the president of the organization.”

“The treasurer has been given the authority by the voting board to write upto 1,500.00 with an invoice without the approval of the board. Anything above that number the invoice must be approved by the majority of the voting members of the board.”

“The board will get a copy of the return with our monthly meeting. Our meeting will fall after the required filing deadline.”

“The conflict of interest policy is incorporated in the by-laws of the organization.”

“The officers are all volunteers. No compensation is paid.”

“If a member of the public wishes to see the tax return a copy can be issued and sent the the person requesting a copy.”

“FOUNDATION, INC.”

“The corporation shall engage in fundraising efforts that will support the holmes high school athletic department by providing funds to assist with the maintenance and, when necessary, creation of athletic facilities used by holmes high school, thereby reducing the financial burden on the athletic department and the school while fostering school pride and promoting camaraderie and sportmanship, and to acquire scholarship money to benefit holmes high school athletes when necessary for improving their accademic skills.”