Queen City Angels

“The organization's executive director, scott jacobs, is an independent contractor and has control of various management duties.”

“Members of queen city angels are entrepreneur looking to improve their business methods and models in order to increase growth for the greater cincinnati area.”

“The directors are elected at the annual meeting of the members, or at a special meeing of the members called for such purpose. Election shall be by a majority vote of the members constituting a quorum and entitled to vote.”

“The organization does not have committees with authority to act on behalf of the governing body.”

“Organization's process to review form 990: federal form 990 is reviewed by the executive director and then shared with the full board prior to filing.”

“In connection with any actual or possible conflict of interest, an interested person must disclose the existence of his or her financial interest and must be given the opportunity to disclose 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 such presentation, he or she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. The board or committee shall, if appropriate, appoint a disinterested person or committee to obtain appropriate data as to comparable transactions and investigate alternatives to the proposed transaction or arrangement. Appropriate data as to compensation shall include compensation data from three reasonably comparable organizations in the geographic area for similar services. Appropriate data as to a property transaction may include independent appraisals and/or offers received as part of an open and competitive bidding process. After exercising due diligence, the board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the corporation's best interests, 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 the transaction or arrangement in conformity with such determination.”

“Governing documents disclosure explanation: documents are available to the public upon request.”

“The entrepreneur boot camp is now conducted through the the newly formed related entity, qca education foundation, a 501(c)(3) tax-exempt entity. In the current year queen city angels paid for the expenses related to the bootcamp and collected and remitted the revenue collected on behalf of the qca education foundation.”

“Subcontractors 26,606. Consultant 240.”