Ukraine Aid Fund

“There are no material differences in voting rights among members of the governing body; the governing body does not delegate broad authority to an executive committee or similar committee.”

“Two board members are spouses: Overchuk Taras and Overchuk Zhanna”

“Boards of Directors appoints officers by a majority vote once a year according to the organization bylaws.”

“All decisions are made only by the governing body”

“The Form 990 was provided to each board member and discussed during the Board meeting.”

“Conflict of Interest Avoidance Procedures are explained in Article V Section 3 of the organization's Bylaws as follows: a. Duty to Disclose. In connection with any 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 to the directors and members of committees with board delegated powers considering the proposed transaction or arrangement. b. Determining Whether a Conflict of Interest Exists. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he or she shall leave the 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. c. Procedures for Addressing the Conflict of Interest. An interested person may make a presentation at the board of directors 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. The chairperson of the board of directors or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the board of directors or committee shall determine 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 of directors or committee shall determine by a majority vote of the disinterested directors 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 shall make its decision as to whether to enter into the transaction or arrangement. d. Violations of the Conflicts of Interest Policy. If the board of directors or committee 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 of directors or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action as decided by the Board of Directors on a special meeting and enforced by a simple majority vote.”

“Compensation Approval Policies are explained in Article V, Section 5 of the Bylaws: a. the terms of compensation shall be approved by the executive director with the support of the board or compensation committee prior to the first payment of compensation: b. all members of the board or compensation committee who approve compensation arrangements must not have a conflict of interest with respect to the compensation arrangement as specified in IRS Regulation Section 53.4958-6(c) (iii)”

“The organization's governing documents, including conflict of interest policy, and financial statements can be obtained by the public from the organization by submitting the request via phone, email, and mail. The organization's contact information is given on the organization's website accessible by every member of the public”

“Includes expenses necessary to collect money for program services, as a rent payments for the place where events were held, rental some equipment, buying supplies for the events”