FORM 990, PART VI, SECTION A, LINE 2 |
ITAMAR RABINOVICH AND LISA EISEN HAD A BUSINESS RELATIONSHIP. |
FORM 990, PART VI, SECTION B, LINE 11B |
THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY MANAGEMENT. THE FORM 990 WAS THEN CIRCULATED TO THE ENTIRE BOARD OF DIRECTORS, PRIOR TO FILING WITH THE IRS. |
FORM 990, PART VI, SECTION B, LINE 12 |
IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, AN INTERESTED PERSON DISCLOSES THE EXISTENCE OF HIS/HER FINANCIAL INTEREST AND ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD-DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT, AFTER THE PRESENTATION, HE/SHE LEAVES THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE BOARD OR COMMITTEE, IF APPROPRIATE, APPOINTS A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE DETERMINES WHETHER THE CORPORATION CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS 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 ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE DETERMINES BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE CORPORATION AND MAKES ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. |
FORM 990, PART VI, SECTION B, LINE 15A |
THE COMPENSATION OF THE ORGANIZATION'S EXECUTIVE DIRECTOR WAS DETERMINED BY USING COMPARABLE DATA THAT WAS REVIEWED AND APPROVED BY THE BOARD. THIS PROCESS WAS DOCUMENTED. THE LAST REVIEW AND BONUS EVALUATION WAS COMPLETED DURING MARCH OF 2017. |
FORM 990, PART VI, SECTION C, LINE 19 |
THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. |
FORM 990, PART XI, LINE 9: |
PRIOR YEARS DE-OBLIGATED FUNDS WRITTEN OFF -1,620,420. |
FORM 990, PART XI, LINE 9 |
IN SOME YEARS, THE ISRAEL INSTITUTE RECEIVES MULTI-YEAR AWARDS FOR WHICH THE ORGANIZATION DOES NOT USE ALL OF THE FUNDS AWARDED. REMAINING GRANTS RECEIVABLES WERE THEREFORE WRITTEN OFF. THE AMOUNT REPORTED ON PART XI, LINE 9 - OTHER CHANGES IN NET ASSETS - FOR PRIOR GRANT WRITE DOWNS TOTAL $1,620,420. |