Us Mexico Foundation

“The board designates certain authority to the executive committee. The executive committee will consist of not less than three nor more than seven directors as determined by a majority of the executive committee voting at a meeting, by proxy, by consent, or by telephone. Members of the executive committee will be initially elected by the board and subsequently elected by the executive committee by a majority of the members voting at a meeting, by proxy, by consent, or by telephone. The executive committee will constitute the governing body of the corporation and will have powers conferred by the articles of incorporation, the bylaws, or the general laws of texas, and all other powers determined by the executive committee to be reasonable and useful in carrying out the purposes of the corporation and in using its best efforts to protect the exempt status of contributions to the corporation and income of the corporation. The executive committee will have the power to adopt policies not inconsistent with policies previously adopted by the board. The executive committee will adopt procedures to effect compliance with the foreign corrupt practices act; to consider a large number of potential grant projects and grantees; to investigate, review and approve all grants; to receive and audit accountings from grant recipients; to retain for the corporation sole control and discretion in the awarding of grants in mexico; to prevent earmarking by contributors of grants for specific donees; and to prevent even the appearance of conduit or agency arrangements with foreign donees. The executive committee will periodically make reports to the board, representatives of the mexican government, donors and the public about grants made and results achieved by the corporation.”

“The form 990 was prepared by the outside accountants and reviewed by the ceo and the treasurer. The entire board received a copy of the 990 prior to filing the return with the irs.”

“The conflict of interest policy is reviewed annually by each member of the board of directors. If there are any conflicts the board member will recuse him/herself from voting on the matter.”

“For the former ceo who retired in 2018, the board established a ceo search committee which worked with a third party to review and recommend applicants for the position, as well as suggested compensation. The last compensation review of the former ceo took place in february 2016. During the 2018 search to replace the former ceo, the board worked alone without the assistance of a third party. Compensation of other officers and staff is determined by the ceo.”

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

“Deposit paid in 2018 30,000.”