Prytula Foundation USA

“The corporation shall have one (1) member, namely, serhiy prytula.”

“The member has the authority to elect and remove, with or without cause, the board of trustees or any member of the board of trustees and to fill any vacancies on the board of trustees for the unexpired portions of their terms.”

“The authority to act on the following matters shall be exclusively vested in the member, and no recommendation of the board of trustees with respect to such matters shall be final or effective and until it is approved by the member. To establish, approve, or modify the philosophy, vision, values and mission according to which the corporation operates; to sell, encumber or otherwise alienate any real property or interest in real property of the corporation; to approve any transfer, sale or encumbrance of personal property of the corporation except in the ordinary course of business; to approve any purchase or other acquisition by the corporation that is not included in its operating and capital budgets and exceeds $100,000.00; to approve any borrowing or debt financing on behalf of the corporation, to structure and restructure indebtedness of the corporation, and to enter into and amend agreements relating to indebtedness of the corporation; to merge or consolidate the corporation with other entities, to merge other entities into the corporation, or to dissolve the corporation, in accordance with applicable law; to amend the bylaws and articles of incorporation of the corporation in accordance with applicable law; to expand, consolidate, terminate or close any of the facilities and services of the corporation; to approve strategic plan and management objectives for the corporation, which will be developed by the corporation and recommended to member; to adopt or modify the operating budget and capital budget for any fiscal year for the corporation, which will be developed by the corporation and recommendation to member; and to approve appointments to governing bodies of joint ventures between the corporation and third parties and other legal entities in which the corporation has any power to elect or appoint board members or officers.”

“A complete copy of form 990 was provided to each voting member of the governing body before it was filed. The review process includes: initial review: the draft is prepared by wipfli and reviewed internally for accuracy. Board review: the draft is distributed to board members for review, allowing time for questions and clarifications. Discussion: a meeting is held for feedback and to ensure all disclosures are included. Approval: the governing body formally approves the form before it is filed.”

“The written conflict of interest policy covers any trustee, principal officer, or member of a committee with board of trustees delegated powers, who has a direct or indirect financial interest in the organization. Determinations of whether a conflict of interest exists are made by the board of trustees or the relevant committee after the interested person has disclosed the financial interest and all material facts. Actual conflicts are reviewed by the board of trustees or the relevant committee, which will determine if the transaction is in the best interest of the organization and whether it is fair and reasonable. If a conflict exists, the interested person is prohibited from participating in the deliberations and decisions regarding the transaction or arrangement involving the conflict. They may present their case but must leave the meeting during the discussion and voting.”

“Individuals can request copies of the governing documents, conflict of interest policy, and financial statements by contacting us directly. We are happy to provide them to interested individuals.”