Ifs Empowerment Center

“This form 990 is provided to all board members via email for review and approval before filing.”

“The following is an excerpt from our conflict of interest policy:a. Definitions1.)interested person. Any member of the board of directors (director), officer, member of a committee with board-delegated powers or employee who has a financial interest or conflict of interest.2.)financial interest. A person has a financial interest if the person has, directly or indirectly, through business, investment, or family: (a) an ownership or investment interest in any entity with which [the organization] has a transaction or arrangement, or (b) a compensation agreement, or (c) a potential ownership or investment interest in, or compensation arrangement with, any entity or individual with which [the organization] is negotiating a transaction or arrangement. For purposes of this paragraph, compensation inncludes direct or indirect remuneration as well as gifts or favors that are substantial in nature, and transactions and arrangements include gifts to [the organization].3.)conflict of interest. A person has a conflict of interest if the board of directors or committee so determines under part c below.b. Disclosurein connection with any actual or possible financial interest, an interested person must disclose the existence of his or her interest or affiliation and all material facts to the directors and members of the committees with board-delegated powers considering the proposed transaction, arrangment, or grant. The disclosure should be made when the interest becomes a matter of board or committee action, or as part of a periodic procedure to be established by the board. C. Procedures1.) after disclosure of the financial interest and all materal facts, and after any discussion with the interested person, he or she shall leave the board committee while the remaining board members determines if a conflict of interest (conflict of interests) exists. 2.) an interested person may make a presentation at the board or committee meeting, but after such presentation, he or she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement that results in the conflict of interest.3.) if appropriate, the chairperson of the board or committee shall appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After executing due dilligence, the board or committee shall determine whether [the organization] can obtain a more advantageous transaction or arrangement with reasonable efforts from a person that would not give rise to a conflict of interest. 4.) if a more advantageous transaction or arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the board or committee shall determine by a majority vote of the disinterested trustees whether the transaction or arrangement is in [the organizations] best interest and for its own benefit and whether the transaction is fair and reasonable to [the organization]. The board shall make its decision as to whether to enter into a transaction or arrangement in conformity with that determination. D. Violations of the policy1.) if the board of committee has reasonable cause to believe that a member has failed to disclose financial interests, it shall inform the member of the basis of such belief and afford the member an opportunity to explain the alleged failure to disclose2.) if, after hearing the response of the member and making such further investigation as may be warranted in the circumstances, the board or committee determines that the member has in fact failed to disclose financial interests or disqualifying relationships, it shall take appropriate corrective action.”

“Governing documents, policies and financial statements are available upon request.”