Father Wasson Legacy Endowment Inc.

“Nph-usa, f/k/a friends of the orphans, inc. Is the sole member of father wasson legacy endowment, inc.”

“The organization's board of directors are composed of the following: 1. Two directors shall serve as ex-officio voting members of the board of directors: the chief executive officer of nph-usa and the executive director of nuestros pequenos hermanos international, a.c., or his or her designee; 2. Five directors shall be elected by the board of directors of the nph-usa with a primary focus on individuals who are representative of the geographic regions of the united states where nph-usa has chapters; 3. Three directors shall be elected by the board of directors of father wasson legacy endowment, inc.”

“The president will review the form 990 draft and the full board will review the form 990 prior to its filing.”

“The organization's conflict of interest policy covers all officers, directors and other individuals with influence over the affairs of the organization. Transactions with parties with whom a conflicting interest exists may be undertaken only if all of the following are observed: 1. The conflicting interest is fully disclosed; 2. The person with the conflict of interest is excluded from the discussion and approval of such transaction; 3. A competitive bid or comparable valuation exists; and 4. The board or a duly constituted committee thereof has determined that the transaction is in the best interest of the organization. Disclosure in the organization should be made to the chief executive officer (or if she or he is the one with the conflict, then to the board chair), who shall bring the matter to the attention of the board or a duly constituted committee thereof. Disclosure involving directors should be made to the board chair, (or if she or he is the one with the conflict, then to the board vice-chair) who shall bring these matters to the board or a duly constituted committee thereof. The board or a duly constituted committee thereof shall determine whether a conflict exists and in the case of an existing conflict, whether the contemplated transaction may be authorized as just, fair, and reasonable to father wasson legacy endowment, inc. The decision of the board or a duly constituted committee thereof on these matters will rest in their sole discretion, and their concern must be the welfare of father wasson legacy endowment, inc. And the advancement of its purpose. All proceedings related to conflicts of interest are documented in the meeting minutes or as otherwise appropriate.”

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

“The organization's board of directors assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed from the prior year.”