Molloy Future Fund Inc

“The organization shall have one class of membership, which is limited to members of the molloy community who will uphold the traditions and beliefs of catholic teachings and education and are not employees or board members of archbishop molloy high school nor any religious order.”

“The members have the power to elect or appoint all members of the organization's board of directors.”

“The members have the power to remove all members of the organization's board of directors and approve transactions of other business, such as amend the governing documents of the organization.”

“The organization does not have any committees that can act on behalf of the governing body.”

“The organization has its form 990 prepared by an outside accounting firm. The form 990 is sent electronically to the board for review before filing with the internal revenue service.”

“The organization has a written conflict of interest policy that applies to officers and directors who are required to disclose annually any interests that could give rise to conflict. The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy. Neither the corporation nor any current or former (within the last five years) directors, officers, employees (if any), volunteers, independent contractors, substantial contributors, committee members or others who have the ability to exercise substantial influence over the corporation ("covered persons") shall enter into any transaction or arrangement that involves an actual, potential, or apparent conflict of interest except in compliance with these bylaws or as may be specified in the corporation's conflict of interest policy adopted by the board. A conflict of interest arises whenever the interests of the corporation come into conflict with a competing financial or personal interest of a covered person or an affiliated party, or otherwise whenever a covered person's personal or financial interest could be reasonably viewed as affecting his or her objectivity or independence in fulfilling their duties to the corporation. After disclosure of the potentially conflicting interest and all material facts, and after answering any questions, the interested person shall recuse himself or herself from deliberations and voting relating to the matter and shall refrain from attempting to influence other decision-makers relating to the matter.”

“The organization makes its form 990, form 1023, conflict of interest policy, and governing documents are available upon request.”