Durham Devils Giving Inc

“Durham devils giving, inc's outside cpa firm and the treasurer prepare the form 990. The form is then reviewed and approved by the organization's treasurer and secretary. The complete form 990 is then provided to and reviewed with the entire governing body prior to filing with the irs.”

“All directors and officers are covered persons under durham devils giving, inc's conflict of interest policy. This policy is intended to protect the corporation's interests when it is contemplating entering into a contract, transaction, or arrangement that might benefit the private interests of a member of the corporation's board of directors or an officer of the corporation. Every director and officer must discharge his or her duties in good faith, with the degree of care that an ordinarily prudent person in a like position would exercise under similar circumstances. A conflict of interest exists whenever the interests or concerns of any director or officer may be seen as competing with the best interests of the organization. Conflicts tend to occur: a) where a director or officer has an existing or potential financial interest, either directly or through a business or family relationship, in a decision of the board of directors or any action by the corporation; and b) where a director or officer has a conflict of loyalties even if he or she has no personal financial interest in the decision or action to be taken. All material facts concerning any situation that might be viewed as a conflict should be disclosed to the board of directors by the director or officer concerned. Where doubt exists regarding whether a conflict exists or appears to exist, the matter must be resolved by the board of directors. In order to assure that persons who have a conflict of interest will not have influence over the corporation regarding business transactions involving themselves, no director or officer may be present for a vote by the board of directors on any decision or action by the corporation which would directly or indirectly benefit such director or officer. Such director or officer may, however, answer questions or respond to requests, at a meeting or otherwise, for factual information needed for the board of directors to make an informed decision. The board of directors shall not approve any transaction to which the corporation would be a party and in which a director or officer of the corporation has a material financial interest unless and until the board of directors has specifically and in good faith determined after reasonable investigation (including a review of the terms upon which other comparable organizations enter transactions or arrangements similar to the one under consideration) that: a. The board is aware of all material facts concerning the transaction and the director or officer's interest in the transaction; b. The corporation is entering into the transaction for its own benefit; c. The transaction is fair and reasonable as to the corporation; and d. The corporation could not have obtained a more advantageous arrangement with reasonable effort under the circumstances. With respect to any board discussion or decision involving matters covered by this policy, the minutes of the board meeting at which such discussion or decision take place must reflect in detail the board deliberations and the voting process, specifically indicating the director or officer whose situation was considered; the nature of the potential conflict of interest; any potential alternative arrangements; and that the affected director or officer was not present in the room, either during the discussion or for the vote. In addition, any market data or information considered by the board in approving or disapproving a proposed transaction covered by this policy must be attached to the minutes of the board meeting at which such consideration took place. A copy of the conflict of interest policy is furnished annually to all incumbent and incoming directors and officers of the corporation. Each director and officer annually signs a statement that affirms that he or she has received a copy of the policy; has read and understands the policy; and agrees to comply with the policy. Each director and officer annually files a statement with the board of direct”

“Governing documents, the conflict of interest policy, and financial statements are available to the public upon request. However, current tax law does not require governing documents, the conflict of interest policy, and financial statements be provided to the public.”

“The organization's board of directors adopted both a written whistleblower and a document retention and destruction policy which became effective in 2023.”

“Independent contractors: program service expenses 238,559. Management and general expenses 0. Fundraising expenses 0. Total expenses 238,559.”