Plus Action Fund

“The 990 is reviewed by the Executive Director, the Director of Finance before filing.”

“In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of the committees with governing board-delegated powers considering the proposed transactions or arrangement. In an effort to aid such disclosure, each member (board, committee, or staff) shall complete a conflict-of-interest questionnaire as circumstances warrant, but no less frequently than annually. Determining whether a conflict of interest exists - the board shall review each member questionnaire and any other disclosure regarding the financial interest of its members. After disclosure of the financial interest, the interested person shalll leave the board meeting while the remaining board members discuss and vote on whether a conflict of interest exists. Procedures for addressing the conflict of interest. After exercising due dilligence, the governing board or committee shall determine whether the organization can obtain with reasonable effort a more advantageous transaction or arragnement from a person or entity that would not produce a conflict of interest. The interested person shall not be present in the room during the determination. If an alternative transaction or arragneemnt is not possible, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the best interests of the organization, for its own benefit, and fair and reasonable. Based on these determinations, the board or committee shall make its decision on whether to enter into the transaction or arrangement. Disciplinary action - if the committee has reason to believe an individual has failed to disclose actual or potential conflict of interest, it will inform the member and allow him/her to explain the alleged failure to disclose. If the committee has reason to believe a conflict of interest exists after the alleged conflict is explained, it will take corrective action.”

“The annual process for determining compensation is as follows: The nonprofits shall have the full board annaully evaluate the Executive Director on his/her performance, and ask for his/her input on matters of performance and compensation. The President of the Board of Directors will obtain research and information to make a recommendation to the full board for the compensation (salary and benefits) of the Executive Director(and other highly compensated employees or consultants) based on a reivew of comparability data. For example, the President of the Executive Board will secure data that documents compensation levels and benefits for similarly qualified individuals in comparable positions at similar organizations. This data may inlcude the following: salary and benefit compensation studies by independent sources, written job offers for positions at similar organizations, information obtained from the IRS Form 990 filings of similar organizations.”

“The organization's 1023, 990 forms, financial statements, governing documents, and other policies required to be available to the public are available upon request.”