Impact 100 - Westchester Inc

“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.”

“Members of the board of directors, executive board officers and key persons of the corporation have fiduciary obligations to reach decisions that benefit the corporation and to act without personal interest or benefit and without the interest or benefit of any related party. Prior to election or appointment to the board, all directors shall complete and sign the conflict of interest form. In addition, immediately upon learning of an actual or possible conflict of interest between the corporation and a managing person or any other related party, the person shall promptly disclose in good faith all relevant material fact of the actual or possible conflict. Each managing person shall annual sign a statement that affirms such person has received a copy of the policy, has read and understands the policy and has agreed to comply with the policy. A potential conflict of interest may exist when an interest party serves as director, officer, or staff member of an organization, which competes with the corporation or when an interest party or related party aid, financially or otherwise, such competing organization. If any question may arise in the mind of any director or officer of the corporation as to a potential conflict between he own individual interest, those of an immediate family member, or those of a related party and the interest of the corporation, full disclosure of all facts pertaining to such potential conflict shall be made to the board of directors. Fact-gathering and subsequent review by the board of directors will determine whether or not an actual conflict exists or would occur. The executive board shall investigate any potential conflict of interest. The director or officer to whom the potential conflict of interest relates may offer factual information to the executive board, but no such director or officer shall vote on such matter. The executive board may 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. 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.”

“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 at p.o. Box 634, hartsdale, ny 10530-0634 or by calling the organization directly at (914) 262-4863.”