Altaseads Conservancy

“The board of directors may, by a majority vote of directors, designate two (2) or more of its members (who may also be serving as officers of this corporation) to constitute an executive committee and delegate to such committee any of the powers and authority of the board in the management of the business and affairs of the corporation, except with respect to: (a) the filling of vacancies on the board or on any committee that has the authority of the board. (b) the fixing of compensation of the directors for serving on the board or on any committee. (c) the amendment or repeal of bylaws or the adoption of new bylaws. (d) the amendment or repeal of any resolution of the board which by its express terms is not so amendable or repealable. (e) the appointment of committees of the board or the members thereof. (f) the expenditure of corporate funds to support a nominee for director after there are more people nominated for director than can be elected. (g) the approval of any self-dealing transaction except as expressly provided in section 5233(d)(3) of the california nonprofit public benefit corporation law. By a majority vote of its members then in office, the board may at any time revoke or modify any or all of the authority so delegated, increase or decrease but not below two (2) the number of its members, and fill vacancies therein from the members of the board. The committee shall keep regular minutes of its proceedings, cause them to be filed with the corporate records, and report the same to the board from time to time as the board may require.”

“President serguei noujdine and secretary treasurer nina noujdina have a family relationship.”

“We provide our directors with a copy of the 990 return”

“Each director must comply with the conflict of interest policy.”

“The board of directors must approve all compensation decisions”

“Documentation is available by request.”

“Subscriptions and memberships: program service expenses 68. Management and general expenses 113. Fundraising expenses 45. Total expenses 226. Licenses and permits: program service expenses 26. Management and general expenses 50. Fundraising expenses 20. Total expenses 96.”

“The organization has not changed its oversight process or selection process during the tax year.”

“$94,641: prior period adjustment related to fixed assets capitalized in prior years, and adjustment of prepaid rent -$384,962: related to conditional grantham award under fiscal sponsorship at 12/31/2022, to adjust beginning net assets and 2023 revenue as expenditures has not been incurred until 2023”