Life Calling Foundation

“Life calling foundation was founded as a membership corporation that has no authority to issue capital stock. The members of the corporation at any time shall be those persons who are then serving as directors of the corporation.”

“Election and term of office directors - except for the initial directors, who shall be appointed by the incorporator, the directors shall be elected by the members at each annual meeting.”

“The foundation outsources the tax preparation work to its tax advisor to prepare the form 990 filing, which is then sent to the president for questions and comments, and then final approval. The form 990 is circulated post-filing to the rest of the board members for post-filing review and discussion.”

“If a conflict of interest has been disclosed by an interested person, then after the disclosure and all material facts, and after any discussion with the interested person, he/she shall leave the board meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board members shall decide if a conflict of interest exists. If it is determined a conflict of interest exists, the chairperson of the board shall, if appropriate, appoint a disinterested person to investigate alternatives to the proposed transaction or arrangement to address the conflict at issue. After exercising due diligence, the board shall determine whether the foundation 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 shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the foundation's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination, the board shall make its decision as to whether to enter into the transaction or arrangement. If the board has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the board determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“The organization's governing documents and financial statements are available to the public upon request.”