Scottsdale Active 20 30 Foundation

“The sole member is the scottsdale saguaros, an arizona corporation exempt from income tax under irc 501(c)(4),”

“The president of the scottsdale saguaros, inc. Appoints one of the members of the 7 member board of directors. Five other members of the board are ex offico members as follows: the most recent past treasurer, president, the three immediate past presidents of the scottsdales saguaros. The final member of the board is appointed by the organization's president and must be a past active, senior active, or life member in good standing of the scottsdale saguaros.”

“Affirmative consent of the member shall be required to adopt or approve the following actions: -liquidation or dissolution of the organization; -merger, consolidation or transfer of substantially all of the assets of the organization; -repeal, modification, amendment, in whole or in part, or addition to the articles of incorporation or bylaws of the organization or adoption of new articles of incorporation or new bylaws.”

“The 990 is prepared by an outside accounting firm and is provided to the organization's governing body prior to being filed.”

“The conflict of interest policy is detailed in article x of the organizations bylaws. To monitor compliance, the organization has established the following procedures: 1. An interested person must disclose the existence of the financial interest and will be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers and considering the proposed transaction or arrangement. 2. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing 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. 3. If it is determined that there is a conflict of interest, an interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. After exercising due diligence, the governing board or committee shall determine whether the organization can obtain a more advantageous transaction or arrangement. If a more advantageous transaction or arrangement is not reasonably possible, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the organization's best interest, for its own benefit, and whether it is fair and reasonable.”

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