Veterans Law Center

“Veterans Law Center's Articles of Incorporation identifies two voting members-Michael Taub and Alexandra Muolo-who are the organization's founders. As voting members, these individuals hold certain statutory rights under Pennsylvania Nonprofit Law.”

“Veterans Law Center's voting members have the statutory right under Pennsylvania Nonprofit Law to elect and appoint directors and determine their voting rights.”

“Veterans Law Center's voting members have certain statutory rights under Pennsylvania Nonprofit Law, including the power to: amend the Articles of Incorporation and Bylaws; elect and appoint directors and determine their voting rights; remove directors without cause; effect a merger, transfer of substantially all the assets, or dissolution of Veterans Law Center; receive a verified annual report from the directors; and inspect minute books and records of Veterans Law Center.”

“The Executive Directors gather and provide tax return information to the return preparer. Before the IRS Form 990 is filed, it is sent electronically to all Directors for their review and comment. Each Director is asked to review the IRS Form 990 and contact the Executive Directors about any questions.”

“The President provides each Director and Officer of Veterans Law Center with copies of the Conflict of Interest Policy and a disclosure statement to be completed on an annual basis. The President reviews the completed disclosure statements which are reviewed in summary format by the Board of Directors and any recommended actions are presented to the full Board of Directors. In addition to completing the annual disclosure statement, Directors and Officers must disclose potential or actual conflicts on an ongoing basis as matters arise. All disclosures are evaluated and a determination of whether a conflict exists is made by the Board or a committee of the Board.”

“On an annual basis, the independent Directors of Veterans Law Center obtain and rely upon appropriate data as to comparability prior to making a determination on the compensation of the Executive Directors. Relevant comparability data includes, but is not limited to, compensation levels paid by other similarly-situated organizations (taxable or tax-exempt) for functionally comparable positions. The Executive Directors are asked to leave the Board meeting and the independent Directors meet in a closed session to discuss and decide upon Executive Director compensation for the following year. The Board maintains minutes for the closed session on Executive Director compensation providing documentation of the Board's decision in accordance with Veterans Law Center's Executive Compensation Policy.”

“Veterans Law Center makes its Articles of Incorporation and Conflict of Interest Policy available to the general public upon request.”

“Michael Taub and Alexandra Muolo (hereinafter collectively referred to as the "Incorporators") incorporated Veterans Law Center (VLC) as a Pennsylvania nonprofit corporation on September 15, 2023. Prior to receiving revenue from VLC's programs and activities, VLC incurred certain costs and expenses associated with (i) incorporating and organizing VLC as a Pennsylvania nonprofit corporation, (ii) hiring employees, and (iii) carrying out activities incidental to the creation and initial operations of VLC as a nonprofit corporation with I.R.C. Section 501(c)(3) tax-exempt status (hereinafter collectively referred to as the "Start-Up Costs"). The Incorporators advanced funds to VLC with the expectation of repayment to enable VLC to pay for the Start-Up Costs. To substantiate the Incorporators' expectation of repayment in connection with advancing funds to VLC for the Start-Up Costs, the Incorporators each entered into a zero-interest loan agreement with VLC on November 21, 2023, pursuant to which the Incorporators provided zero-interest loans to VLC, which were due and payable in full as December 31, 2024, and which VLC could pre-pay, in whole or in part, at any time. Michael Taub has provided the Board with documentation substantiating the amounts he has loaned to VLC, and as of December 31, 2024 such payments totaled $38,500. Alexandra Muolo has provided the Board with documentation substantiating the amounts she has loaned to VLC in relation to VLC's Start-Up Costs, and as of December 31, 2024 such payments totaled $30,000. With approval from the independent members of the Board, VLC plans to repay these zero-interest loans in 2025.”

“Bad Debt Expense (Per Books): $1,000”