Over the Rainbow Life Fund

“MEMBERS”

“The organization's bylaws provides that "the board of directors shall be elected by the vote of a majority of the members."”

“No committee with authority to act on behalf of the governing body.”

“The form 990 is presented to the finance and audit committee, which reviews the tax return before it is signed by the executive director.”

“Directors, officers, or any member of a committee are to scrupulously avoid transactions in which a director, officer, or a member of a committee has a personal or material financial interest, or with entities of which the director, officer, or member of a committee is an officer, director, or general partner. The otr conflict of interest policy (addendum b to the bylaws of the association and all of its subsidiaries) defines interested person, financial interest, and duty to disclose, along with the board process for determining whether a conflict exists, procedures for addressing a conflict of interest, and procedures for addressing a violation of the conflict of interest policies.”

“Performance evaluations on staff are done annually. Although not directly tied to compensation, they are certainly relevant to the compensation decision process. All performance evaluations are handed to the executive director and reviewed by him and the compensation committee of the board of directors (independent volunteers). The independent compensation committee separately reviews the performance and compensation of the executive director. The comp committee is empowered by the board to approve any/all starting salaries of new employees and any/all raises or bonuses to existing staff, officers, key employees, and the executive director. From time-to-time, salary comparability data is reviewed by the comp committee in order to remain competitive with other non-profit organizations for quality talent.”

“The organization's governing documents, conflict of interest policy, and financial statements are available upon request.”

“Over the rainbow life fund was created to provide ongoing and long term support for over the rainbow's services program. The services program was developed to help residents of over the rainbow apartments acquire the skills and resources they need to live independently. It also aims to help residents connect with educational, recreational, and other wellness resources in their communities with which they can enhance their own sense of well-being. The acronym life stands for living independently, feeling empowered.”