Cidrz Foundation

“Dr. Jeffrey stringer is the brother-in-law of frank mcphillips.”

“Strategic international management company performs management services but under the direction of the board.”

“The organization's form 990 was prepared by the outside accountant and reviewed by senior management. The final return was distributed to the board prior to filing.”

“A director or officer of cidrz foundation is required to disclose to the executive committee the existence of any financial interest related to the foundation or any of its transactions (such individual, the "interested person"). After disclosure of the financial interest and all material facts, the remaining members of the executive committee (or entire board, at the discretion of the executive committee) shall decide if a conflict of interest exists. The chairperson of the executive committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement and shall determine whether the foundation 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. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the executive committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the foundation's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination, it shall make its decision as to whether to enter into the transaction or arrangement. If the executive committee has reasonable cause to believe 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. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the executive committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“The organization does not make its governing documents, conflict of interest policy, and financial statements available to the public.”

“This form 990 has been amended to correct grants receivable that were mistakenly recorded in 2013. Part viii, line 1f; part x, lines 3, 27, 28; schedule a, line 1; and schedule b, donor #1 have been updated.”