Televerde Foundation

“The foundation has six different classes of membership charter, visionary, sustaining, partnership, foundation, and community. Charter members include those members who attended the first organizational meeting and others who are unanimously elected to charter membership. To be eligible for election into charter membership, a candidate must be a maintaining visionary or sustaining members for at least five consecutive years, including the payment of the annual dues for these membership levels and attending at least three meetings of the members or board each year. Charters members have the right to vote for the election of directors and on other matters which have a permanent or longlasting effect on the operation of the organization and are the only voting class of membership”

“Only charter members are entitled to vote at the members meeting for the election of directors.”

“Charter members have the right to elect directors and vote on other matters which have a permanent or longlasting effect on the operation of the organization.the organization did not have any committees with authority to act on behalf of the board.”

“The organization did not have any committees with authority to act on behalf of the board.”

“The board of directors reviews the draft of the 990 and provides comments prior to finalization”

“Procedures for addressing the conflict of interest: (a) an interested person may make a presentation at the board or committee meeting, but after such presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement that results in the conflict of interest. (b) the chairperson of the board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. (c) after exercising due diligence, the board or committee shall determine whether the foundation can obtain a more”

“The organization will provide copies of all governing documents including its conflict of interest policy and financial statements when requested in writing or in person.”

“Televerde foundation does not have any employees. Certain individuals are seconded to the foundation by televerde, llc, an unrelated organization. Televerde,llc invoices televerde for the direct cost of their employees who work for the foundation. The payments are reported as compensation in the return.”