Pasco J Schiavo Memorial Charitable

“The luzerne foundation (ein 23-2765498), a related entity, provides management support to the filing organization.”

“The president and ceo, cfo, and the executive committee review the full form 990 in its entirety prior to filing. A public inspection copy is then is provided to the full board of directors for review. Once the full board has had access to the return, the form 990 is filed with the internal revenue service.”

“Annually, pasco j. Schiavo memorial charitable fund distributes conflict of interest forms to the board of directors so that the information held on file is current. The conflict of interest policy explicitly mentions that family and business relationships may be a source of conflict. Each director, principal officer and member of a committee with board-delegated powers is required to sign a statement which affirms that they have received a copy of the conflict of interest policy; have read and understand the policy; have agreed to comply with the policy; understand the duty of each officer or director to maintain and preserve the confidentiality of board and committee discussions and protect privacy at all times; and understand that the corporation is a charitable organization and that to maintain its tax-exempt status it must engage primarly in activities that accomplish one or more of its tax-exempt purposes. These forms are reviewed by the audit and governance committees. Any conflict of interest that is identified is reviewed at the board of directors meeting on a case-by-case basis and is documented in the board meeting minutes. Should a conflict arise, the conflicted person may make a presentation to the board, but then must leave the meeting during deliberations. Alternative transactions may be investigated. If a more advantageous transaction cannot be found, the board, composed of only disinterested people, may decide whether the transaction is in the best interest of the organization and reach a decision based upon those standards.”

“A copy of the 990, governing documents, conflict of interest policy, and audited financial statements are available to the public upon request.”