The Concord Independent Foundation Inc

“No committee has authority to act on behalf of the governing body.”

“The form 990 was prepared by the outside accountants. The form 990 was reviewed by the president before filing. It was then shared with the board of directors and finalized upon approval.”

“All board members, executives, directors, and all employees are required to review and sign the conflict of interest policy. If a conflict of interest is found, the matter is presented to the board. The applicable interested person makes a presentation at the board meeting, but after the presentation, he or she refrains from voting or otherwise attempting to exert any influence on whether the corporation should participate or not participate in such transaction and leaves the meeting during the discussion of and vote on, the transaction or arrangement involving the possible conflict of interest. After exercising due diligence, the board determines whether the corporation can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the board determines by a majority vote of the disinterested directors whether the transaction or arrangement is in the corporations best interest, whether it is fair, reasonable, and the result of armslength bargaining, and whether it reflects reasonable investment criteria or payments for goods and services, furthers the corporations purposes and does not result in private inurement, impermissible private benefit or an excess benefit transaction. In conformity with the above determination, the board or committee makes its decision in writing and on the record as to whether to enter into the transaction or arrangement.”

“Governing policies are online and include conflict of interest, whistleblower, editorial independence, and society of professional journalists code of ethics. 990 forms can be found online via guidestar.org and irs.gov websites.”

“OTHER PROFESSIONAL FEES”