Providence Cristo Rey Building Corporation

“Due to the small size of the board, there are no additional committees.”

“1) board formally engages an audit firm to assist with the preparation and submission of the company's form 990. 2) company's accounting staff complete the form 990 with the guidance of the audit firm, responding to the questions raised throughout the process. 3) company director of finance reviews the preliminarily completed form 990 with staff and the auditor. 4) company president reviews the draft form 990 with the director of finance. 5) director of finance leads the board through a review of the form 990, providing a copy of the form 990 to each board member. 6) board votes to approve, with any revisions deemed appropriate. 7) director of finance confirms with audit firm to submit the form 990 as approved by the board.”

“+ to ensure that the corporation operates in a manner consistent with its charitable purposes and that it does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. + determining whether a conflict of interest exists: after disclosure of the financial interest and all material facts, and after any discussion with the interested person, the interested person shall leave the board of directors or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board of directors or committee members shall decide if a conflict of interest exists. + procedures for addressing the conflict of interest: (a) an interested person may make a presentation at the board of directors or committee meeting, but after the presentation, the interested person shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. (b) the president of the board of directors or chairman of a committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. (c) after exercising due diligence, the board of directors or committee shall determine whether the corporation can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. (d) if a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the board of directors or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the corporation's best interest, for its own benefit, and whether the transaction or arrangement is fair and reasonable to the corporation. In conformity with the above determination the board of directors or committee shall make its decision as to whether to enter into the transaction or arrangement. + violations of the conflict of interest policy. (a) if the board of directors or committee has reasonable cause to believe that a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. (b) if, after hearing the member's response and after making such further investigation as may be warranted by the circumstances, the board of directors or committee determines that the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action. Notwithstanding such violation and any disciplinary or corrective action, the board of directors may ratify the transaction or arrangement as being in the corporation's best interest and fair and reasonable to the corporation. + records of proceedings. The minutes of the board of directors or committees with powers delegated from the board of directors shall contain: (a) the names of the persons who disclosed or otherwise were found to have a financial interest in connection with an actual or possible conflict of interest, the nature of the financial interest, any action taken to determine whether a conflict of interest was present, and the board of director's or committee's decision as to whether a conflict of interest in fact existed; and (b) the names of the persons who were present for discussions and votes relating to the transaction or arrangement, the content of the discussion, including any alternatives to the proposed transaction or arrangement, and a record of any votes taken in connection with the proceedings.”

“AVAILABLE UPON REQUEST”

“Professional consultant fees: program service expenses 0. Management and general expenses 1,250. Fundraising expenses 0. Total expenses 1,250.”

“The organization has a committee that has the responsibility for oversight of the audit.”