Intellectual Property Owners Education Foundation

“Whenever a vacancy shall occur in the board of directors, the board of directors of intellectual property owners education foundation may, by majority vote of those present and voting, elect a person to fill the unexpired portion of the term. The board of directors of intellectual property owners education foundation may also, by majority vote of those present and voting, elect additional persons to the board up to the limit on number of board members established.”

“Ipo foundation's practice is to document all board meetings; there is no other body of authority to act on its behalf.”

“Intellectual property owners association's finance manager reviews the return with the director of operations and finance of ipo. The director of operations and finance then reviews it with the foundation secretary prior to signing of document in full detail. A copy of the tax return is provided to the governing body before filing with irs.”

“An interested person shall be obligated to disclose the existence of any actual or possible financial interest involving a transaction (and all material facts relating thereto) to a member of the board of directors in the event that (i) such interested person is aware of any actual or possible financial interest involving a transaction, and (ii) such interested person causes or influences (or intends to cause or influence) the expenditure or utilization of ipoef resources with respect to such transaction. After disclosure of the existence of the financial interest and all material facts related thereto, and after any discussion with the interested person, the board of directors shall discuss such transaction or arrangement and such financial interest outside the presence of the interested person. The interested person shall be required to abstain from any required vote taken with respect to such proposed transaction. An interested person may make a presentation at any meeting of the board of directors but after such presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction involving the possible financial conflict of interest.”

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

“The organization discontinued supporting "spirit of innovation grant" financially in 2016.”

“Professional writer of online public forums: program service expenses 60,859. Management and general expenses 0. Fundraising expenses 0. Total expenses 60,859.”