Pasadena Methodist Foundation

“The foundation board of directors elects its successors subject to the approval of the church council of its supported organization, the first united church of pasadena, california.”

“The foundation does not have any committees with broad authority to act on behalf of the governing body.”

“The form 990 was emailed to the trustees for their review and approval.”

“The conflict of interest policy covers trustees, officers, members of a committee with board delegated powers, or any other person who has substantial influence over the foundation. All covered individuals are required to annually sign a statement. In connection with any actual or possible conflict of interest, an interested person must disclose the existence and nature of his or her financial interest to the trustees and members of committees with board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest, the interested person shall leave the board or committee meeting while the financial interest is discussed and any action is voted upon. The remaining board or committee members shall decide if a conflict of interest exists. The minutes of board and committee meetings document the name of the person who disclosed, 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 as well the factual information and reports reviewed , and a record of any votes taken in connection therewith.”

“The foundation makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“The filing organization uses the modified cash basis of accounting.”