I Challenge Myself Inc

“The board's finance committee reviews and comments on drafts of the form 990, ultimately recommending its approval to the full board, which receives a copy for its review before voting thereon.”

“Each current director, officer and key employee of the organization, as well as nominees for election as director (prior to his or her initial election), must submit to the secretary of the organization at least once per year (and updated as appropriate) a specified form of conflict of interest questionnaire. Copies of completed statements are also provided to the chair of the board. The board reviews all conflicts of interest and related party transact1ons and determines whether to approve or ratify any such matters in accordance with the standards set forth in the policy and applicable law. Approval requires the vote of at least a majority of the independent members of the board present and voting at the meet1ng. The board has broad discretion to take appropriate action if it finds non-compliance with the policy. The board may also delegate review and approval functions to the finance committee.”

“The process includes, for the executive director, review and approval by the independent directors of the board, and, for other key employees, input and recommendations by the execut1ve director, with review and approval by the finance committee or other delegated independent body of the board. Comparability data 1s used where available. Decisions are contemporaneously recorded 1n the minutes of the board or the relevant committee.”

“The organization makes its form 990 filings and financial statements available on its own website and, upon request, will provide the same, as well as other governing documents and policies, to potential donors and grant-making bodies. Extracted form 990 and financial information is also available on other charitable websites, such as network for good and guidestar.”