Center for Responsible Innovation Ltd

“The form 990 was prepared by an outside accounting firm. A copy of the 990 was provided to the board for review and approval prior to filing.”

“In connection with any actual or possible conflict of interest, an interested person must promptly disclose the existence and nature (including all material facts) of the financial interest to the board of directors and members of committees with any board-delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, the interested person shall leave the board or committee meeting while the financial interest is discussed and voted upon. The remaining disinterested members or committee members shall decide whether a conflict of interest exists. (a) the interested person may make a presentation at a board or committee meeting but, after the presentation, the interested person shall leave the meeting before the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. (b) the disinterested directors or committee members shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. (c) after exercising due diligence, the disinterested directors or committee members shall determine whether the organization can obtain a more advantageous transaction or arrangement with reasonable efforts from a person that would not give rise to a conflict of interest. (d) if a more advantageous transaction or arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the disinterested directors or committee members shall determine by a majority vote whether the transaction or arrangement is in the organization's best interest, is for its own benefit, and is fair and reasonable to the organization. In addition to other considerations that may be used in making such determination, the disinterested directors or committee members shall follow the steps necessary to create a rebuttable presumption of reasonableness pursuant to treasury regulations section 53.4958-6, unless the disinterested directors or committee members determine that such determination is not practical, feasible or necessary under the circumstances, in which case the board or committee shall keep a record of such determination and the reason for such determination.”

“Financial and governing documents are available upon reasonable request. The form 990 is made available to the public via irs.gov and guidestar.gov”