Rockwall Adoption Center

“There were no such committees.”

“Board members received a copy of this Form 990 via email for review and submission of any questions. The President authorized its filing upon approval.”

“Persons covered - Any director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest.Monitoring proposed or ongoing transactions for conflicts of interest - An interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts. Each covered person must annually sign a statement which affirms that such person received a copy of the policy, read and understands it, agrees to comply with it, and understands that the Organization must engage primarily in activities which accomplish one or more of its tax-exempt purposes. Periodic reviews shall be conducted which, at a minimum, consider whether compensation arrangements and benefits are reasonable and whether partnerships, etc. conform to the Organization's written policies, are properly recorded, reflect reasonable investment or payment, further charitable purposes, and do not result in inurement, impermissible private benefit, or in an excess benefit transaction.Dealing with potential conflicts of interest and the level at which determinations of whether a conflict exists are made - After disclosure of the financial interest and all material facts and any discussion with the interested person, the remaining board or committee members, after the interested person leaves the associated meeting, decides if a conflict of interest exists.Dealing with actual conflicts, the level at which actual conflicts are reviewed, and restrictions imposed on the interested person - An interested person may make a presentation at the governing board or committee meeting but must then leave during the discussion of, and the vote on, the transaction or arrangement. The chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the governing board or committee shall determine whether the Organization 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 reasonably possible, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the Organization's best interest, for its own benefit, and fair and reasonable. In conformity with that determination, it shall makes its decision as to whether to enter into the transaction or arrangement.”

“These are available upon request.”

“Prior period adjustment (noted no material effect on Sch. A) = $1791”