North Central Chapter of Paralyzed Veterans of America Inc

“During the tax year, the director of operations diverted company funds for personal use. The organization was made aware of the situation by their bank. The employee was immediately placed on probation and terminated from the organization. The police were also contacted, but no legal action was taken. All funds were reimbursed to the organization within a week of the incident. The total amount involved was $19,957.88. Additional controls were also put into place, including notification from the bank if a transaction exceeds a certain threshold and the review and sign off of monthly credit card statements by two officers.”

“The organization has voting members and associate members. Any person shall be eligible for voting membership in the corporation who was regularly enlisted, inducted, or commissioned, and who was accepted for, or was on, active duty in the army, navy, marine corps, air force, or coast guard of the united states or its allies. Service with the armed forces must have been terminated by discharge or separation from service under conditions other than dishonorable. Membership shall be limited to such persons as have suffered spinal cord injuries or diseases whether service-connected or non-service connected in origin. Any individuals may become an associate member with consent of the board. Associate members do not have voting rights.”

“Officers and the board of directors are elected by the members of the chapter at the annual meeting of the membership. Removal of officers of the corporation shall be effective at such time it is approved by both the membership at its regular meeting and by a minimum of two-thirds vote of the board of directors.”

“There is no committee with the authority to act on behalf of the governing body.”

“The form 990 will be reviewed by the organization's executive director and national director. A copy of the form 990 will be provided to the board of directors prior to filing with the irs.”

“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. 1. Duty to disclose: 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. 2. Determining whether a conflict of interest exists: 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. 3. Procedures for addressing the conflict of interest a. An interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. B. The chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. C. After exercising due diligence, the governing board or committee shall determine whether the pvancc can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. D. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the pvancc's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination, it shall make its decision as to whether to enter into the transaction or arrangement. 4. Violations of the conflicts of interest policy a. If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. B. If, after hearing the members response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“The board determines compensation for all officers. Compensation is determined on an annual basis.”

“All governing documents, conflicts of interest policy, and financial statements are available to the public upon request, guidestar, and the organization's website.”