Hopeloft a Nj Nonprofit Corporation

“William helmbrecht trustee sibling melissa helmbrecht director sibling”

“Hopeloft has no members and is managed by the board of trustees. The board of trustees have full authority and legal responsbility for the management, operation and financial viability of the organization. The review and monitoring of the program's financial management is delegated to the board of trustees.”

“The initial board of trustees consisted of those trustees name in the articles of incorporation. Candidates for trustee shall be presented to the board at each annual meeting. A trustee so elected by the board shall hold office for a period of three (3) years, and they may review that commitment ongoing. Unless otherwise provided in the articles of incorporation, any trustee not filled at the annual meeting and any vacancy, however caused, occuring in the board of trustees may be filled by the affirmative vote of the majority of the board of trustees present at a meeting at which a quorum is present. Any trustee to be filled by reason of an increase in the number of trustees shall be filled by election at the annual meeting or at a special meeting called for that purpose. Each trustee elected to fill a vacancy shall hold office for the term for which the trustee is elected and qualified and until a successor is duly elected and qualified. At conclusion of a term, a trustee may be reappointed for an additional three (3) year term, with no limit on the number of reappointments.”

“The business and affairs of the corporation shall be managed by or under the direction of the board, who may exercise all of the powers of the corporation except as otherwise provided by law, the articles of incorporation or the bylaws. Specifically, the board has responsbility for the following: 1) taking all necessary steps to assure the achievement of the purposes and objectives of the organization; 2) hiring, annually evaluating, and dismissing the executive director of the organization; 3) developing, adopting and periodically updating the organization's policies for financial management practices, including a system to assure accountability for corporate resources and approving the annual budget; 4) reviewing the selection of the organization's independent auditor and officially accepting the annual audit report; 5) approving the annual budget of the organization; 6) evaluating the organization's activities, including fundraising, grants, productivity and achievement of objectives; 7) assuring that the organization activities are conducted in compliance with applicable federal, state and local laws; and 8) no individual trustee shall act for the board of trustees, except as may be specifically authorized by the board.”

“At the end of the year, an outside cpa prepares the annual form 990: return for the organization's exemption from income tax. The form 990 return is then presented to the executive director, board president and treasurer for their review and approval. The cpa will then file the return with the internal revenue service.”

“The organization holds and enforces a conflict of interest and disclosure policy, which is distributed to each trustee, officer, employee, consultant and/or agent and shall certify in writing to the president of the board that he or she has reviewed and complied with such policy. The purpose of the policy is to prevent conflicts of interests intefering with the organization's decision making process such that it is no longer representative of or in the best interest of the organization, or in accordance with the organization's bylaws. In the absence of such policy, the provisions of the organization's bylaws and applicable law shall control.”

“The board of trustees is responsible for hiring the executive director and will determine the compensation for the positions. Any salary received by the executive director shall be reasonable, given in return for services actually rendered to or for the corporation and consistent with applicable law governing tax-exempt organizations and applicable corporate policies, including any conflict of interest policy.”

“No officer or trustee by virtue of his or her office shall be entitled to receive any salary or compensation other than the reimbursement of monies expended on behalf of the organization and reasonable expensess incurred in attending a regular or special meeting of the board of trusttes and then, only as may be approved by the board of trustees from time-to-time. Nothing herein shall be construed to prevent an officer or trustee from receiving reasonable compensation appropriate for the value of the services performed for the organization in a capacity other than as a trustee, provided that all policies and procedures regarding board conflicts of interest and applicable procurement standards have been followed.”

“Governing documents are available upon request and a copy of the form 990 can be obtained via the irs website.”

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