The Israel Institute Inc

“Itamar rabinovich and lisa eisen had a business relationship.”

“The form 990 was prepared by the outside accountants and reviewed by management. The form 990 was then circulated to the entire board of directors, prior to filing with the irs.”

“Each director, principal officer and member of a committee with board delegated powers annually signs a statement which affirms the 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 that the corporation is a charitable and educational organization and that, in order to maintain its federal tax exemption, it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. In connection with any actual or possible conflicts of interest, an interested person discloses the existence of his/her financial interest and all material facts to the directors and members of committees with board-delegated powers considering the proposed transaction or arrangement. An interested person may make a presentation at the board or committee meeting, but, after the presentation, he/she leaves the meeting during the discussion of, and the vote on, the transaction or arrangement that results in the conflict of interest. The chairperson of the board or committee, if appropriate, appoints a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the board or committee determines whether the corporation can obtain a more advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the board or committee determines by a majority vote of the disinterested directors whether the transaction or arrangement is in the corporation's best interest, for its own benefit, and whether the transaction is fair and reasonable to the corporation and makes its decision as to whether to enter into the transaction or arrangement in conformity with such determination.”

“The compensation of the organization's executive director was determined by using comparable data that was reviewed and approved by the board. This process was not documented. The last review was completed march 2014.”

“The organization makes its governing documents, conflict of interest policy and financial statements available upon request.”