New Cassel Foundation Omaha Nebraska

“New cassel, inc. Is the sole corporate member of the foundation and is sponsored by the school sisters of saint francis, milwaukee, wisconsin.”

“The corporate member of the foundation may elect one or more members of the governing body. The school sisters of saint francis shall appoint six (6) of the trustees.”

“Certain decisions of the governing body are subject to the approval of new cassel, inc., the sole member of the foundation and approval by the school sisters of saint francis.”

“The ceo, treasurer, and finance committee of the board of trustees and board of new cassel, inc. Review the form 990. The finance committee approves the form 990, and a copy of the 990 is distributed to both boards before it is filed.”

“Each director, officer, key employee, and committee member, upon such election or appointment and annually thereafter, shall sign a statement which discloses potential or actual conflict of interest and affirms such person has received a copy of the policy, has read and understands the policy, and agrees to comply with the policy. Any interested person having a conflict of interest in any matter should not vote or use his or her personal influence on the matter. In addition, the following additional steps may be taken, at the discretion of the board or committee: a. The interested person may be required to leave the meeting for the general discussion of the matter and the board or committee vote; and/or b. A disinterested person or committee may be appointed to investigate alternatives to the proposed arrangement or transaction. The foregoing requirements should not be construed as preventing an interested person from briefly stating his or her position on the matter, nor from answering pertinent questions of other members at the meeting since his or her knowledge may be of assistance.”

“The organization's governing documents, conflict of interest policy and financial statements are available upon request.”

“The finance committee assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed from the prior year.”