Kta Funding Hope Foundation

“David kovach, president/chair, and andrew reder, vice president, have a business relationship.”

“The foundation has no committees with authority to act on behalf of the governing body.”

“The form 990 is prepared by an independent accounting firm and then reviewed by the treasurer and president. A copy of the form 990 is provided to the board prior to filing with the internal revenue service.”

“The conflict of interest policy applies to all directors, principal officers, and members of a committee with governing board delegated powers. Potential conflicts and all material facts are reported to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. The remaining board or committee members decide if a conflict exists. The governing board or committee shall determine whether the foundation can obtain, with reasonable efforts, a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If this 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 foundation's best interest, for its own benefit, and whether it is fair and reasonable. Annual disclosure is required, and those subject to the policy are required to disclose possible conflict situations as they arise. The president monitors compliance with this policy.”

“The foundation does not compensate any person who meets the internal revenue service definition of officer or key employee.”

“The foundation makes its governing documents and conflict of interest policy available upon request. The foundation does not issue formal financial statements.”