Dzi Foundation

“The subcommittees of the board do not have the authority to act on behalf of the board. All decisions of the board are recorded in the minutes of the board meetings.”

“The form 990 was prepared by the outside accountants and reviewed by the executive director. A copy of the final form 990 was provided to the full board of directors prior to filing with the irs.”

“Each board member, officer, staff member, and volunteer signs a conflict of interest policy statement at the beginning of his/her term of service or employment and each year thereafter. Following full disclosure of a possible conflict of interest, the board of directors determines whether a conflict of interest exists and, if so, the board votes to authorize or reject the transaction or take any other action deemed necessary to address the conflict and protect the dzi foundation's best interests. Both votes are by a majority vote without counting the vote of any interested director, even if the disinterested directors are less than a quorum, provided that at least one consenting director is disinterested. An interested board member, officer, or staff member may not participate in any discussion or debate of the board of directors, or of any committee or subcommittee thereof, in which the subject of discussion is a contract, transaction, or situation in which there may be a perceived or actual conflict of interest. However, they may be present to provide clarifying information in such a discussion or debate unless objected to by a board member.”

“The executive director's and all employees' compensation is determined by the board. The board uses information regarding salaries in the organization's region in colorado. Notes of the deliberation are taken by board members. This process was last completed in may 2017.”

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