Slco Pfs 1 Inc

“The board of trustees reviews the 990 with their independent outside cpa prior to electronicially filing the return.”

“Conflict of interest transactions are prohibted unless they meet the following conditions: (a)(i) the material facts as to the directors relationship or interest and as to the conflicting interest transaction are disclosed or are known to the board, or the committee; and (ii) the board or committee in good faith authorizes, approves, or ratifies the conflicting interest transaction by the affirmative vote of a majority of the disinterested directors, even though the disinterested directors are less than a quorum; or (b) the conflicting interest transaction is consistent with a provision in the articles or these bylaws that commits the corporation to support, or authorizes one or more directors to exercise discretion in making gifts or contributions to, one or more other nonprofit corporations, charitable trusts, or charitable entities; or (c) the conflicting interest transaction is fair as to the corporation. Common or interested directors may not vote on transactions in which the director has a conflicting interest, but may be counted in determining the presence of a quorum at a meeting of the board or of a committee that authorizes, approves, or ratifies the conflicting interest transaction.”

“The organization will make any document which is subject to the public disclosure rule available to the public once it receives a request.”

“Agency fund payable 0 payable to the community foundation 0 accounts payable -34,732 loans payable -375,000 agency fund payable -1,683,350 total -2,093,082”