Livermore Lab Foundation

“The board chair and treasurer review the form 990 prior to signing, and a copy of the final form is provided to the full board upon filing.”

“Directors, officers and key employees are required on an annual basis to disclose financial, personal, or business interests that could give rise to a potential or perceived conflict of interest. In cases where the board determines that an insider has a conflict of interest, the board shall: (a) require that the interested person leave the meeting during the discussion of, and the vote on, the transaction or arrangement that may create the conflict of interest; and (b) conduct any investigation necessary to evaluate the transaction, which may include investigating alternatives that present no conflict of interest, and/or compiling appropriate data, such as comparability studies, to determine fair market value for the transaction. After exercising due diligence, the board shall determine whether proceeding with the transaction is in the corporation's best interest.”

“The governing body reviews and approves the compensation of its employees.”

“The forms are provided upon request, and form 990's are posted on the organizations website.”

“The organization's governing documents, conflict of interest policy, and financial statements are not available to the public.”

“Admistrative assistant : program service expenses 0. Management and general expenses 10,586. Fundraising expenses 0. Total expenses 10,586. Development coordinator: program service expenses 0. Management and general expenses 46,235. Fundraising expenses 0. Total expenses 46,235. Strategic advisor: program service expenses 0. Management and general expenses 25,200. Fundraising expenses 0. Total expenses 25,200.”