Youthworks

“A draft form 990 is reviewed and approved by the executive director and board of directors before filing.”

“Directors and officers shall not participate directly or indirectly in any transaction involving or adverse to the corporation without full disclosure in writing of the extent of the participation. Said disclosure shall be made to the executive director and the chair (and if the conflicting interest is from the executive director or the chair, disclosure shall also be made to the vice-chair). The director with a conflicting interest shall be counted for quorum purposes but shall be excused and shall not vote when the board considers the transction. If a conflicting interest is disclosed as required hereunder, and the director with a conflicting interest does not vote, then the director and/or officer with a conflicting interest shall not be liable to the corporation for the profits of the conflicted director and/or officer, or the losses of the corporation, from the transaction. Any director may raise the issue of a conflict of interest and move for an official decision of the board (not including the vote of the director having the potential conflict of interest) on recusal or any director may voluntarily recuse him or herself from voting on an issue presenting a conflict of interest. For purposes of clarity, conflicts of interest covered by this subpart a can be (i)monetary in nature, (ii)family, investment or business related, or (iii)any other relationship or issue in which a director or officer believes or a reasonable person would have believed that said director or officer could not vote or act objectively in favor of the corporation's interests. Directors who may be assisting with the programs of the corporation by employing or training members of the corporation's constituency shall not be considered to have a conflict of interest when voting or discussing said programs.”

“The board of directors determines the executive director's salary by conducting an assessment of comparable salaries of similar positions at other local nonprofit organizations. The board of directors also considers the annual budget, length of employment and the annual performance review in their determination.”

“Governing documents, policies and audited financial statements are available upon request during regular business hours. The organization's governing documents, irs determination letter, annual irs information filing and annual new mexico report are also available on the new mexico attorney general's charitable organization registration online system (coros) at https://secure.nmag.gov/charitysearch”