Corvallis Community Children'S Center Inc

“Treasurer of the board presents the draft 990 to the board. Discussion is encouraged and questions are addressed. The board then votes to approve the submission of the 990.”

“All board members and officers are required to complete a form declaring any conflict of interest annually. The board votes to allow or disallow each conflict. Full conflict of interest policy: 1. Any board member or employee delegated powers to consider a proposed cccc transaction or arrangement, who has a direct or indirect financial interest with the transaction or arrangement, must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the board or supervising employee. The executive director must disclose the conflict of interest to the board. 2. An employee or board member may not make any decision on a transaction or arrangement where they may have a conflict of interest. 3. After full disclosure and after any discussion with the interested board member, he/she shall leave the board meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board members shall decide if a conflict of interest exists. 4. The board shall determine by a majority vote of the disinterested board members whether the transaction or arrangement is in ccccs best interest, for its own benefit, and whether it is fair and reasonable. If a more advantageous transaction or arrangement is not reasonably possible under circumstances, then the board may approve the transaction or arrangement. 5. If the board determines that a member has failed to disclose an actual or possible conflict of interest, or if a supervising employee determines a subordinate employee has failed to disclose an actual or possible conflict of interest, the board or supervising employee shall take appropriate disciplinary and corrective action. 6. Each board member and decision-making employee shall annually sign a statement which affirms such person: a. Has received a copy of the conflicts of interest policy, b. Has read and understands the policy, c. Has agreed to comply with the policy, and d. Understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

“Compensation for the executive director was established using a written employment contract, developed from a compensation survey, and approved by the board. The annual review is conducted by the personnel committee, and with the finance committee they make a recommendation to the board for the salary to put into the next years budget.”

“The 990 governing documents and conflict of interest policies are available upon request. Financial statements are available with board approval.”