Industrious Education Fund

“The board of directors may designate one or more committees, with each committee to consist of one or more of the directors of the corporation. Any such committee, to the extent provided in the resolution of the board of directors or in the bylaws of the corporation, shall have and may exercise all the powers and authority of the board of directors in the management of the business and affairs of the corporation, and may authorize the seal of the corporation to be affixed to all papers that may require it; but no such committee shall have the power or authority in reference to adopting, amending or repealing any bylaw of the corporation. Unless otherwise provided in the certificate of incorporation, these bylaws, or the resolution of the board of directors designating the committee, a committee may create one or more subcommittees, each subcommittee to consist of one or more members of the committee, and delegate to a subcommittee any or all of the powers and authority of the committee.”

“The president, the secretary and the treasurer of the board have a business relationship.”

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

“The form 990 is reviewed by all board members before being signed by the president and filed with the irs.”

“The conflict of interest policy will be signed annually through a coi questionaire. The board president will monitor and enforce compliance. All disclosures involving a transaction or arrangement being considered at a meeting of the board of directors or a committee shall be made to all members present at such meeting. All other disclosures shall be made to the president (who shall disclose his or her conflicts to the board of directors). A covered person who is in doubt as to the existence of a conflict of interest is encouraged to disclose all facts pertaining to the transaction or arrangement before undertaking the transaction or arrangement or making any decision in the matter. A covered person who has an actual or potential conflict of interest shall not be present for or shall leave any portion of a meeting at which the board of directors or a committee is voting to determine whether a conflict exists, but may be present prior to the vote to make a presentation to the board or committee, to disclose additional facts, or to respond to questions.”

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

“Consulting fees: program service expenses 0. Management and general expenses 6,374. Fundraising expenses 0. Total expenses 6,374.”