The Termeer Foundation Inc

“Name change - filed restated articles of organization march 10, 2025”

“The board of directors reviews a draft copy of the 990 and directs any questions or corrections to the 990 preparer prior to filing with the irs.”

“In connection with any actual or possible conflict of interest, an interested person must disclose the existence of his or her financial interest or personal interest and all material facts to the directors, officers and members of any committees with board-delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest or personal interest, and after any discussion with the interested person, the interested person shall leave the board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists.”

“The organization has adopted a policy for determining compensation, if and when hiring occurs, that includes 1)individuals that approve compensation arrangements follow the organziation's conflict of interest policy, 2)compensation arrangements are approved in advance of paying compensation, 3)dates and terms of approved compensation arrangements are documented in writing, 4)recording in writing the decision made by each individual who decided or voted on the compensation arrangement, 5)approving compensation arrangements based on information about compensation paid by similarly situated taxable or tax-exempt organizations for similar services, current compensation surveys compiled by independent firms, or actual written offers from similaryly situated organizations, and 6)recording in writing both the information relied on and its source.”

“The organziation's governing documents, conflict of interst policy (contained within its bylaws), and financial statements are available upon request.”

“Public relations: program service expenses 68,001. Management and general expenses 0. Fundraising expenses 0. Total expenses 68,001. Other professinal fees: program service expenses 191,634. Management and general expenses 136,403. Fundraising expenses 20,916. Total expenses 348,953. Payroll service fees: program service expenses 0. Management and general expenses 4,102. Fundraising expenses 0. Total expenses 4,102.”