Milpitas Charity Bingo Inc

“The board, by resolution adopted by a majority of the directors then in office, may create one or more committees, each consisting of two or more directors, to serve at the pleasure of the board. Appointments to committees of the board shall be by majority vote of the directors then in office. The board may appoint one or more directors as alternate members of any such committee, who may replace an absent member at any meeting. Any such committee, to the extent provided in the resolution of the board, shall have all of the authority of the board, except that no committee, regardless of board resolution, may: a. Fill vacancies on the board or in any committee which has the authority of the board; b. Establish or fix compensation of the directors for serving on the board or on any committee; c. Amend or repeal bylaws or adopt new bylaws; d. Amend or repeal any resolution of the board which its express terms is not so amendable or repealable; e. Appoint any other committees of the board or members of these committees; f. Approve any contract or transaction to which the corporation is a party and in which one or more of its directors has a material financial interest, except as much approval is provided for in section 5233(d)(3) of the california corporations code.”

“Mark detar and loren vaccarezza have a family relationship.”

“The form 990 is prepared by the organization's outside public accounting firm based on information provided by the board of directors. Once a draft of the return is available, it is reviewed by management with any changes or revisions incorporated into the filing. The revised return is then submitted to the board of directors for their review and approval prior to submitting to the irs.”

“The officers, directors, and the trustees are required to disclose all potential conflicts of interest. Monitoring is performed regularly by the officers to identify potential conflicts of interest. The board reviews any conflicts presented by interested parties. The chairperson appoints a disinterested person or committee to investigate the transaction in question and report findings to the board. Alternatives to the proposed transaction are identified and compared to the proposed transaction. The board votes on the most beneficial option for the organization. If the board has reason to believe an interested person has failed to disclose the potential conflict, the board will investigate further and if necessary, take appropriate disciplinary and corrective action.”

“The organization does not make its governing documents, conflict of interest policy or financial statements available to the public.”

“Other professional fees: program service expenses 0. Management and general expenses 337,127. Fundraising expenses 0. Total expenses 337,127.”

“Prior year adjustment -525,732.”

“The process for oversight and selection of an independent accountant has not changed from the prior year.”