Impact100 Westchester Inc

“During the fiscal year, the organization amended its bylaws to allow the co-president to be elected into their position for a third year or to be elected to hold a new position for a second term of two years.”

“The organization shall have no less than three (3) permanent members and no maximum number of members.”

“The organization has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by management and is ready to be filed with the internal revenue service, it is electronically sent to the board for approval. Once the board has approved the return it is filed with the internal revenue service.”

“The corporation adopted the following conflict of interest policy to avoid any conflict or appearance of conflict between the personal interests of board members, executive board officers or key person and the interests of the corporation. Prior to election or appointment to the board, all board members shall complete, sign and submit to the secretary of the corporation a written statement, substantially in the form of exhibit a attached hereto, identifying, to the best of the director's knowledge, any entity of which such director is an officer, director, trustee, member, owner, or employee, and with which the corporation has a relationship, and any transaction in which the corporation is a participant and in which the director might have a conflicting interest. A similar annual submission shall be made by officers and key persons. The secretary of the corporation shall provide a copy of all completed statements to the co-presidents of the executive board. Said disclosure statements shall be updated annually. Procedures for addressing potential conflicts of interest (a) executive board shall investigate any potential conflict of interest. (b) the director or officer to whom the potential conflict of interest relates may offer factual information to the executive board, but no such ask any such director or officer not to participate in any discussion relating to the conflict, or to leave the room in which such discussion is carried on; provided, however, that the interested director may participate in any discussion regarding her exclusion. (c) directors and officers to whom the potential conflict of interest relates shall not attempt to influence other directors and officers regarding such matter. (d) after conducting due diligence, the executive board shall determine, by a majority vote, whether the transaction or arrangement is in the corporation's best interest and for its own benefit and whether the transaction is fair and reasonable to the corporation and shall make its decision as to whether to enter into or allow the transaction or arrangement in conformity with such determination. As part of its due diligence efforts, the executive board shall determine 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. (e) the transaction or arrangement shall not create an appearance of conflict of interest in the view of the general public.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request or by calling the organization directly.”