Mtpc LLC

“The company is organized as a limited liability company and the members have voting rights under the operating agreement. A member may only be a qualified organization which qualifies for an exemption under 501(c)(3) of the internal revenue code.”

“The members of the limited liability company have rights under the operating agreement to appoint members of the governing body and must approve the disposition of substantially all of the company's assets, as well as any mergers or consolidations.”

“The organization does not have any committees.”

“A draft copy of the form 990 is provided to all members of the governing body for review and comment before filing the return.”

“All directors and officers are required to disclose any conflicts of interest on an annual basis. All directors and officers of the company or any other person exercising governing powers over the company are considered to be an interested person with respect to the company. Each interested person is required to disclose any conflicts of interest on an annual basis. After each disclosure, the interested person removes himself or herself from the meeting and the remaining board members discuss and vote on the conflict of interest determination, which is decided by a majority vote. If it is determined that a conflict of interest exists, the interested person may make a presentation to the board regarding the transaction or arrangement then shall remove himself or herself from the meeting to allow the board members to vote, with a majority vote deciding if a conflict exists. If the board has reasonable cause to believe that a potential interested person has failed to disclose actual or possible financial interests, the board shall inform such person and allow such person an opportunity to explain the alleged failure to disclose. After hearing such person's explanation and after making any further investigation warranted by the circumstances, if the board determines by majority vote, excluding the interested person, that such person has failed to disclose a financial interest, the board shall take appropriate disciplinary and corrective actions, which may include such person's removal from his or her position as a director or officer of the company.”

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

“Mtpc, llc sold their building, land, and assets during bankruptcy proceedings in 2023. The sale of the assets was finalized on may 5th, 2023. The board was dissolved before the end of 2023. The entity will continue to remain open until all assets are distributed.”

“The board was dissolved in 2023 following bankruptcy procedings. Mary lou dubois is serving as the only acting board member, as president, so she can sign the return without board approval.”