Accelerate Long Island Inc

“The Long Island Emerging Technologies Fund ("LIETF"), comprised of Jove Equity Partners (managed by Board Member David Calone) and Topspin Partners (managed by Board Members Leo Guthart and Steve Winick) made $50,000 investmentS in CODAGENIX, INC., POLYNOVA, INC., GODDARD LABS, INC., GREEN SULFCRETE, INC., AND TRAVERSE BIOSCIENCES, INC. Leo Guthart and Steve Winick have a business relationship as they both manage Topspin Partners, a venture capital and private equity firm. Accelerate Long Island Board Member Nancy Rauch Douzinas has invested in Canrock Ventures, which is managed by Mark Fasciano.”

“The organization is founded as a membership organization.”

“7a. Meetings for the election of at-large directors and the transaction of such other business brought before such meeting at the place and time fixed by the board. 7b. An amendment of or change to the certificate of incorporation or petition for judicial dissolution shall be approved by two-thirds of the votes cast at a meeting of the voting members, provided that the affirmative votes cast in favor of any of these shall be at least equal to the minimum number of votes necessary to constitute a quorum. Blank votes or abstentions shall not be counted in the number of votes cast and disposition of all, or substantially all, of the assets of the corporation; approval of a plan of merger or consolidation; authorization of a plan of non-judicial dissolution; or revocation of a voluntary dissolution proceeding shall be approved by two-thirds of the votes cast at a meeting of the members, provided that the affirmative votes cast in favor of any of these shall be at least equal to the minimum number of votes necessary to constitute a quorum.”

“The Executive Director AND Board MEMBERS all review the Form 990 prior to filing. PART VI, SECTION B. - QUESTION 12C ACCELERATE LONG ISLAND HAS A CONFLICT OF INTEREST POLICY IN PLACE. EACH OFFICER AND DIRECTOR IS REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THAT ARISE BY VIRTUE OF EMPLOYMENT, BOARD SERVICE, OR POSITION WITH THE ORGANIZATION. THE ORGANIZATION MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. POTENTIAL CONFLICTS ARE INVESTIGATED IMMEDIATELY.”

“The Chairman led deliberation with full disclosure to and input from the Board of Directors IN ORDER TO DETERMINE THE SALARIES OF THE EXECUTIVE DIRECTOR, OTHER OFFICERS, AND KEY EMPLOYEES OF THE CORPORATION.”

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

“Description:consulting total fees:102448”