El Proyecto Del Barrio Foundation

“El proyecto de barrio foundation's outside auditors and finance staff prepare the form 990. The form is then reviewed and approved by the organization's treasurer and president. The form is subsequently provided to the full board before signature and e-filing.”

“The board has adopted a conflict of interest policy that conforms to requirements under federal and california law applicable to nonprofit public benefit corporations which have been granted tax exempt status under internal revenue code section 501(c)(3). The conflict of interest policy, in part, provides that any director, officer or member of a committee of this corporation with governing board delegated powers, who has a direct or indirect financial interest, in a transaction, or who has a possible conflict of interest (an "interested person"), must disclose the existence of the financial interest and all material facts to the corporation's board of directors and to any members of corporation's committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts and after any discussion with the interested person, the interested person withdraws from discussion on the matter and recuses himself or herself from any vote on such transaction or issue. Any transaction or vote involving a potential conflict of interest will be approved only when a majority of disinterested directors determine that it is in the best interest of the corporation to do so. The minutes of meetings at which such votes are taken record such disclosure, abstention and rationale for approval.”

“Governing documents, the conflict of interest policy, and financial statements are available to the public upon request. However, current tax law does not require these documents be provided to the public.”