Military Order of the Purple Heart

“The organization does not have any committees that are authorized to act on behalf of the governing body.”

“The federal form 990 is prepared by an independent public accounting firm, then provided to the board of directors for review before it is filed with the internal revenue service.”

“The organization has a written conflict of interest policy that is signed annually. All directors must disclose the existence of potential conflicts and be given the opportunity to disclose all material facts to the board or executive committee. A conflict arises when an interested person enters into a transaction or arrangement that might benefit their private interests or result in a possible excess benefit transaction. Should a potential conflict arise, the interested person shall leave the meeting during the discussion and vote on the transaction or arrangement involving the possible conflict of interest. The chairperson of the board or executive committee shall appoint a disinterested person or committee to determine whether the organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantaegous transaction or arrangement is not reasonable possible, the board or executive committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the organization's best interest, for its own benefit, and whether it is fair and reasonable.”

“The foundation created an independent committee to establish and review executive salaries. The committee follows the foundation's written compensation policies and gathers input from outside sources such as compensation reviews. Finally, the bod approves any adjustments to executive salaries. The deliberation and decision of the compensation review process is documented in the bod meeting minutes.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request for the same period of disclosure as set forth in section 6104(d).”

“The mophsf audit committee selects the auditors and regularly monitors the audit process through teleconferences and face-to-face meetings. At the conclusion of the audit, the audit committee chair meets with the auditor for a full briefing on the audit process and the audit reports.”