The All Souls' Foundation

“A copy of the prepared form 990 is presented to the governing body for review. After the tax return has been reviewed and approved, the return is electronically filed.”

“Compliance with conflict of interest policy directors, officers and key employees are required to disclose interests that could give rise to conflicts at least annually. Members of the board of directors, officers and key employees of all souls' foundation (the organization") may have involvements in their private capacities with outside business entities, community organizations, professional and othe rgroups while they are serving the organization. The organization seeks to avoid situations in which these relationships might present a conflict of interest or otherwise reflect negatively on, or compromise the values or reputation of the organization. The organization's conflict of interest policy is intended to give guidance to the organization's senior officials about how to identify and resolve actual or apparent conflicts early on. In furtherance of this objective, the policy requires each board member, officer and key employee of the organization to identify any potential conflicts by completing and submitting to the annual dislosure statement each year.”

“Process for determining compensation directors shall not receive any salaries for thier services on the board. Directors shall not be precluded from receiving reasonable compensation for services rendered to or for the benefit of the corporation in any other capacity, provided, however that the chair, president, or other officer with similar responsibilities shall not receive compensation from the corporation, and may not be a paid employee of the corporation, unless approved by a vote of at least two-thirds of the board of directors. The board shall oversee the setting of executive compensation and shall determine compensation of all directors, top management officials, officers, and key employees, and review, assess and approve the reasonableness of such compensation on a regular basis. In order to be approved as reasonable, compensation must be an amount that would ordinarily be paid for comparable work by similarly situated organizations under like circumstances. Board members involved in setting and approving executive compensation, as well as any third parties providing professional advice to the board members in connection with setting and approving executive compensation shall be independent and have no conflicts of interest as to the executive whose compensation is being reviewed. Board members shall have no conflict of interest for these purposes if they (i) will not economically benefit from the compensation arrangement, (ii) are not family members of a person.”

“Documents are available upon request.”