New York State Immigrant Action Fund

“A draft of form 990 is submitted to the board of directors. The board reviews the tax return and contacts the accounting firm with any questions they may have. Once the board has reviewed and approved the form 990 is subsequently filed with the irs.”

“Each director, officer, and key person annually signs and submits to the secretary of the corporation a statement affirming that they have: (a) received a copy of this policy, (b) read and understood the policy, and (c) agreed to comply with the policy. All transactions, agreements, or other arrangements between the corporation and a related party, as well as any other transactions that may involve a potential conflict of interest, are reviewed by the independent directors. All related parties with a financial interest must leave the room during such deliberations. The independent directors will then determine whether the contemplated related party transaction is fair, reasonable, and in the best interests of the corporation at the time of such determination. At the request of the independent directors, related parties may provide information regarding the transaction prior to the deliberations. The corporation will not enter into any related party transaction unless it is determined to be fair, reasonable, and in the best interests of the corporation at the time of such determination. After considering alternative transactions and/or comparability data, the independent directors determine in good faith whether the transaction or arrangement is fair, reasonable, and in the best interests of the corporation. Any such transaction must be approved by no fewer than a majority vote of the independent directors present at the meeting. The independent directors make their decision regarding whether to enter into the transaction or arrangement and contemporaneously document the meeting under article 6 of this policy, including their consideration of any alternative transactions. All related parties with a financial interest must not be present for deliberations or voting on the transaction or arrangement in which they have a financial interest. Only independent directors may vote on related party transactions. No related party may vote, act, or attempt to improperly influence the deliberations or voting on any matter in which they have been determined by the board to have a financial interest. Any attempt by a related party to vote, act, or improperly influence deliberations on such matters may be grounds for removal from the board or termination from the corporation.”

“New york immigration coalition (nyic) and new york state immigrant action fund (nysiaf) entered into an administrative services agreement dated as of october 1, 2014 (to which nysiaf retained nyic to provide certain administrative, personnel and related services to nysiaf, and make use in its day-to-day operations of certain property, equipment and facilities of nyic, as nysiaf may reasonably request.”

“The organization does not make its governing documents, conflict of interest policy and financial statements available upon request.”