Poderistas Community Fund

“Poderista's outside cpa firm and the operations director prepare the form 990. The form is reviewed and approved by the organization's operations director, legal counsel, & managing director. The form is provided to the full board for review before filing with the irs.”

“The organization has a conflict of interest policy that covers all officers, directors, and employees (interested persons). All interested persons annually sign an annual disclosure statement and disclose any actual or potential conflict of interest with respect to all business and family relationships. If the board identifies any potential or actual conflict of interest, such persons are prohibited from participating in the governing body's deliberations and decisions in the transaction. If an actual or possible conflict of interest arises, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts and after any discussion with the interested person, he or she leaves the board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members decide if a conflict of interest exists. Procedures for addressing the conflict of interest: (i) an interested person may make a presentation at the board or committee meeting, but after the presentation, he or she leaves the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. (ii) the board or committee may, if appropriate, appoint a board member or committee to investigate alternatives to the proposed transaction or arrangement. (iii) after exercising due diligence, the board or committee 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. (iii) if a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the board or committee determines by a majority vote of the disinterested directors or committee members whether the transaction or arrangement is in the corporation's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination, it makes its decision as to whether to enter into the transaction or arrangement. Violations of the conflicts of interest policy: (i) if the board or committee has reasonable cause to believe a director or officer has failed to disclose actual or possible conflicts of interest, it informs the person of the basis for such belief and affords them an opportunity to explain the alleged failure to disclose. (ii) if, after hearing the director or officer's response and after making further investigation as warranted by the circumstances, the board or committee determines the person has failed to disclose an actual or possible conflict of interest, it takes appropriate disciplinary and corrective action. The minutes of the board and all committees with board delegated powers contain: (a) the names of the persons who disclosed or otherwise were found to have a financial interest in connection with an actual or possible conflict of interest, the nature of the financial interest, any action taken to determine whether a conflict of interest was present, and the board's or committee's decision as to whether a conflict of interest in fact existed. (b) the names of the persons who were present for discussions and votes relating to the transaction or arrangement, the content of the discussion, including any alternatives to the proposed transaction or arrangement, and a record of any votes taken in connection with the proceedings.”

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

“Equis research, an affiliated but un-related organization for tax purposes, issues compensation on behalf of poderistas community fund. Equis research and poderistas community fund have a cost-sharing agreement in which poderistas community fund reimburses equis research for expenses incurred. The compensation reported for charlotte castillo and brittany alfonzo is their allocable share to poderistas community fund.”

“Contractors: program service expenses 53,798. Management and general expenses 127,150. Fundraising expenses 0. Total expenses 180,948. Shared services fee: program service expenses 0. Management and general expenses 138,115. Fundraising expenses 0. Total expenses 138,115.”