Opal S Dream Foundation Inc.

“A copy of the draft of the federal form 990 for the organization was provided to all members of the board of directors for review, questioning, etc. Before the submission of the 990. After any/all questions were answered, the board of directors voted to approve the 990. After the 990 was approved, notification was provided to the professional firm that the treasurer had the authorization to request the release of the federal form 990 to the internal revenue service.”

“A copy of the conflict of interest policy is distributed to the board of directors on an annual basis. Furthermore, if a new board member comes on to serve at any point in time, a copy is provided immediately to the new member. At the onset of every board meeting conducted by the organization, the chairman of the board as well as the treasurer remind all voting members of the board that for any business that is undertaken, they should remember that they are subject ot the conflict of interest policy and should act accordingly. Also, once a year, the policy is reviewed for any updates/changes/etc. That need to take place.”

“In the event that there would be compensation to the ceo/executive director/top individual, then a review and approval from independent people would take place for the organization.”

“In the event that there would be compensation to any other officer or key employee, then a review and approval from independent people would take place for the organization.”

“The organization makes the annual federal form 990 available for review and inspection upon request from the board of directors from the organization.”

“The organication makes the governing documents, the currenty and prior conflict of interest policy documents, and the financial records available for review and inspection upon request from the board of directors from the organization.”

“The chairmain of the board of the organization is related to the secretary of the board of directors of the organization due to the fact that they are husband and wife. Neither are compensated by the organization for the volunteer services rendered to the organization.”