Nazareth Academy Endowment Fund

“A draft copy, either in paper or electronic form, is provided to each director and officer for their review. They are asked to provide suggestions for changes and additions to be made in the final form 990.”

“Conflicts of interest policy: key employees, officers, members of the board of directors, and member of committees with board delegated powers of the organization agree to accept and follow these conflicts of interest policies as minimum guidelines for ethical conduct and shall: 1. Disclose the existence of his or her financial interests or applications and those of immediate family members and all material facts to the board and to members of committees, with board delegated powers, considering a proposed transaction or arrangement, when the interest becomes a matter of board or committee action. 2. Disclose an ownership or investment interest in any entity with which the organization has a transaction or arrangement. 3. Disclose any compensation arrangement with which any bodily or individual with which the organization has a transaction or arrangement. 4. Disclose a potential ownership or investment interest in, or compensation arrangement with, any entity or individual which the organization is negotiating a transaction or arrangement. After disclosure of any actual or possible conflicts of interest, the individual, shall leave the meeting while the remaining officers and board members decide if a conflict of interest exists. If it is determined there is a conflict of interest the individual, shall leave the meeting while the matter concerning which there is a conflict of interest is discussed and voted on. The minutes of the board and all committees with board delegated powers shall contain the names of the persons who disclosed or were found to have a financial interest, the nature of the financial interest and the board or committee's decision as to whether there was a conflict. The names of the members present for discussions and votes relating to the actual or possible conflict shall be maintained in the minutes. If the board or committee has reasonable cause to believe a person failed to disclose an actual or possible conflict of interest, it shall inform the person of the basis for such belief and afford the individual an opportunity to explain the alleged failure to disclose after hearing the explanation or making any further investigation as may be warranted under the circumstances. If the board or committee determines the member failed to disclose an actual or possible conflict of interest, it may take corrective action, including but not limited to removal of the member from the board. Each member, officer, or employee of the organization shall annually sign a statement which affirms the person has received and read the conflict of interest policies and agrees to abide by them. It shall be the responsibility of the secretary of the board of directors to distribute copies of this policy statement and the annual disclosure report form to all individuals identified above, and to collect and retain five years thereafter. Reports shall be made annually at the first board meeting and immediately following any individual being elected, appointed, staring employment or otherwise assuming such a position. Policy adopted august 15, 2018”

“No documents available to the public.”

“The nazareth academy endowment fund supports nazareth academy, a private school. Nazareth academy consists of a preschool and elementay school that strives to build a loving christian community in an environment that supports optimum development of each individual physically, socially, culturally and spiritually.”