Milwaukee Center for Independence

“The foundation has a single class of member and the sole member is cfi.”

“Cfi has the power to elect the board of directors of the foundation.”

“Cfi, the sole member, has the power to (a) adopt and amend the articles of incorporation, (b) adopt and approve the bylaws, and any amendments, modifications, or restatements thereto, (c) adopt and approve the mission, purpose, or scope of the corporation, or a material change of the location, size, or scope of its services, programs, operations, educational affiliations, or related agreements, (d) approve the sale, lease, purchase, creation, dissolution, conveyance, disposal, mortgage, or grant of a security interest of or in any affiliated, controlled, or joint venture entity, any real or personal property or other assets (or any interest in any of the foregoing), or the incurrence of debt for money borrowed or the guaranty of the debt of another, in each case above, other than in the ordinary course of business, (e) approve the merger, consolidation, acquisition, liquidation, or dissolution of the corporation, or the sale of all or substantially all of the assets of the corporation, (f) ratify the appointment and removal of the officers of the corporation, (g) approve annual operating or capital budgets, strategic and long-range plans, major fund-raising programs, or other agreements, and other financial commitments and any material deviations from such budgets, plans, agreements, or commitments, and (h) approve financial, accounting, human resource, employee benefit, and other policies and procedures, and the appointment or engagement of all auditors, legal counsel, and consultants.”

“The foundation is an affiliate of cfi, which assists in managing the organization. Cfi finance management and staff completed the form 990 and related schedules. Following completion, the form 990 and related schedules were reviewed by the president and cfo. The draft was also reviewed by the chairman of the cfi audit committee prior to submission to the irs. A copy of the form 990 was made available to the cfi board of directors and finance committee prior to submission to the irs.”

“Annually, all directors and officers complete and sign a statement that provides information regarding their interests and those of their family members that could give rise to conflicts. The signed statements are kept on file by cfi's executive office manager. Cfi's management makes determinations of whether a conflict exists and the members of the governing body review actual conflicts. Any person with a conflict is prohibited from participating in the governing body's deliberations and decisions on the transaction.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“For current year presentation inter-agency due to was moved from accounts payable to other liabilities.”

“Cfi has an audit committee that assists in selection of the auditor. The audit committee meets with the auditors and reviews the audit annually.”