Federal Law Enforcement Officers Association Found

“The organization recieves a electronic copy of the 990. The president and treasurer review the 990 before it is filed with the irs.”

“Any director, officer, trustee or key employee of the foundation, including members of the law enforcement council that has a direct or indirect financial interest is an interested person. A conflict of interest arises: a. When an interested person has personal interests or concerns that conflict with the interests or concerns of tunnel to towers, or b. When there is bias or the appearance of bias in a decision-making process that would reflect a dual role played by an interested person of the foundation, or c. When a related party transaction is being considered. Duty to disclose a. In connection with any actual or possible conflict of interest, an interested person must promptly disclose the existence of such interest to the executive board b. An interested person is under a continuing obligation to disclose any potential conflict of interest as soon as a potential conflict of interest is known or reasonably should be known. Determining and addressing the conflict of interest a. After disclosure of the conflict of interest, an interested person shall have the opportunity to present all material facts about the possible conflict or transaction to the executive board. The board also may request the interested persons be available for questions prior to deliberations. B. Once an interested person makes a presentation to the board, he/she must leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. The remaining board members shall decide if a conflict of interest exists. C. A person who has a conflict of interest with respect to a contract or transaction that will be voted on at a meeting will not be counted in determining the presence of a quorum for purposes of the vote. D. An interested person is prohibited from improperly influencing the deliberation or voting on the matter giving rise to such conflict of interest. Violations of the conflict of interest policy a. If the board has reasonable cause to believe an interested person has failed to disclose actual or possible conflicts of interest, it shall inform such person of the basis for such belief and afford he/she an opportunity to explain the alleged failure to disclose. B. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the board determines an interested person has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action. Annual statements a. Each director shall annually review this policy. B. Prior to the initial election of any director and annually thereafter, such director shall confirm they have read the foundation conflict of interest policy and have agreed to adhere to adhere to its terms. This will be memorialized in the board's annual meeting minutes. C. The board secretary will serve as the custodian of the minutes and safeguard the maintenance of the meeting records. Such minutes are deemed board confidential and only available for review by board members. However, upon donor request, the board will confirm that the annual conflict of interest review has been performed and recorded.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is also posted on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request.”

“The organization amended it cy 2023 form 990 for the following: 1. Part i, line 8: to adjust the amount of contributions received. 2. Part i, line 10, to adjust the investment income amount. 3. Part i, line 11 to adjust the other revenue amount. 4. Part i, line 13 to adjust the amount of grants paid. 5. Part i, line 16a to adjust the amount of professional fundraising fees. 6. Part i, line 17 to adjust the amount of other expenses. 7. Part i, line 20 to adjust the amount of total assets. 8. Part i, line 21 to adjust the amount of total liabilities. 9. Part i, line 22 to adjust the amount of net assets. 10. Part viii, line 8a and 8b to include the revenue and expenses from a special even 11. Part viiii, to update the functional based on the financial statements. 12. Part x: to update to match the financials 13. Part xi, line 5: to update the number of unrealized gain on investments”