Groceryships a California Public

“The treasurer reviews and approves the form 990 before it is filed. All board members also receive a full copy of form 990 for review and reference.”

“Procedures include: 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, who are 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, the interested person shall leave the board meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board members shall decide if a conflict of interest exists. 3. Procedure for addressing the conflict of interest. In the event that the board determines that a proposed transaction or arrangement presents a conflict of interest, the board shall take the following actions: a. An interested person may make a presentation at the board 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 president shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. C. After exercising due diligence, the board shall determine whether the corporation 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 board shall determine 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 it is fair and reasonable. It shall make its decision as to whether to enter into the transaction or arrangement in conformity with this determination.”

“The executive committee of the board of directors (comprised of the board chair, vice chair, secretary and treasurer) convene together in advance of the q4 board meeting to review the executive director's performance from that fiscal year, as well as to review the proposed following year's budget. They agree upon any increases in salary, commensurate on performance and in alignment with industry standards. Base salaries and updates are then proposed to the full board by the executive committee during the q4 board meeting and voted upon by the board.”

“The organizations financial documents and basic governing documents can be found on guidestar.”