Clause 40 Foundation

“Shana-tara o'toole, ex officio director who also serves as the organization's current president/ceo, is married to director timothy o'toole.”

“The form 990 is prepared by an outside accounting firm, submitted to the president, and reviewed by officers prior to submission.”

“Each director, committee member, and employee of the organization is provided a copy of the organization's conflicts of interest policy signs and dates an accompanying disclosure statement disclosing potential conflicts of interest at the beginning of his or her term of service or employment, and annually thereafter. All directors, committee members, and employees are also under a continuing obligation to make full disclosure of all situations involving either actual or potential conflicts of interest, whenever such situations may arise, and any individual who has an actual or potential conflict of interest as to any proposed grant, transaction, or other matter shall disclose the possible conflict of interest before any board or committee deliberations on such matter. Following disclosure of a possible conflict of interest, the board of directors or executive committee shall determine whether a conflict of interest exists and, if so, determine a course of action to resolve the conflict, subject to the following rule. A director, committee member, or employee shall not participate in any discussion, debate, or vote of the board of directors or any committee in which the subject of discussion is a transaction in which there is an actual conflict of interest. After providing any information requested by other members, the interested person shall be physically absent from the room in which the discussion and vote take place and shall abstain from a vote. The minutes of the meeting will reflect what steps were taken. All other conflicts of interest shall be handled as determined by the board of directors or executive committee.”

“The president/ceo does not receive any direct compensation from the entity nor are there any key employees of the entity for this tax year.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“"other liabilities" consist of $150,004 in amounts due to due process institute (a brother-sister 501(c)(4) organization) for cash advances, shared payroll, and other expenses since the founding of clause 40 foundation in 2018.”