Valle Del Sol Foundation

“All management services are provided by employees of valle del sol, the supported organization.”

“The initial board was appointed by the supported organization. Each of the appointed directors were appointed for a three-year term. When an initial board member's term expires, they are removed, or they resign from the board, subsequent vacancies will be filled by the majority vote of the remaining directors.”

“No committees can act on behalf of the board.”

“Prior to filing, the form 990 was reviewed by the cfo, the ceo, and valle del sol's board of directors. It is being presented to the foundation's board of directors after filing.”

“The organization's conflict of interest policy applies to all board members, officers and members of committees with board-delegated powers. In connection with an actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts. After such disclosure, and after any discussion with the interested person, he/she leaves the meeting while the remaining board or committee members decide if a conflict of interest exists. If a conflict is determined to exist, the conflicted individual also leaves the meeting during the discussion of, and the vote on, the transaction. The chair of the governing board or committee may appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the governing board or committee determines whether the organization can obtain with reasonable efforts a more advantageous transaction that would not result in a conflict of interest. If a more advantageous transaction is not reasonably possible, the governing board or committee determines by a majority vote of the disinterested directors whether the transaction is in the organization's best interest. If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it informs the member of the basis for such belief and affords the member an opportunity to explain the alleged failure. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“The ceo and other officers are compensated by valle del sol, a related organization, which has a process for determining compensation.”

“The organization makes its governing documents and financial statements available to the public upon request.”