Life Savers Conference Inc.

“The board delegates financial oversight responsibilities to the finance committee, which is made up of certain members of the board.”

“Meetings management manages lifesavers conference, inc. (including running and managing the conference), the accounting and all other management functions.”

“Added a gender-neutral pronoun throughout the document, added the position of vice chair, raised the number of board members to 7, and staggered board member terms so that only a maximum of two board members may leave in a year.”

“The form 990 is mailed directly to jennifer ryan, treasurer. A copy is sent to all members of the board. Jennifer ryan signs and files the return. A copy is retained.”

“Every significant financial transaction is reviewed and approved by the entire board. Each payment must be signed by at least two board members. If a potential conflict exists with any transaction through the review or payment process, the board will identify it. Duty to disclose: in connection with any actual or possible conflict of interest, an interested person must disclose to the board in writing the existence of the financial interest and be given the opportunity to disclose all material facts pertaining to the proposed transaction. Each interested person shall annually sign a disclosure statement which affirms such person: a. Has received a copy of this policy, b. Has read and understands the policy, c. Has agreed to comply with the policy, and d. Has disclosed known conflicts of interest. An interested person shall present the material facts and provide explanations to the board. The interested person shall leave the meeting during the discussion of, and the vote on, whether the transaction results in a conflict of interest. If a conflict of interest is found to exist, the board shall determine whether lifesavers can obtain with reasonable efforts a more advantageous alternative transaction from a disinterested person. If lifesavers has reasonable cause to believe an interested person has failed to disclose an actual or possible conflict of interest, the interested person shall be informed of the basis for such belief and afforded the opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the board determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action, which may include dismissal.”

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

“Mary magnini works for meetings management, which is as an independent contractor servicing lci, so she receives no compensation directly from lci.”

“The march 2020 conference was cancelled due to the covid-19 pandemic.”

“Consulting: program service expenses 90,085. Management and general expenses 0. Fundraising expenses 0. Total expenses 90,085.”

“The process of oversight of the audit did not change in the current fiscal year.”