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FORM 990, PART VI, SECTION B, LINE 11B | ORGANIZATION'S PROCESS TO REVIEW FORM 990 DIRECTOR OF FINANCE REVIEWS WITH EXECUTIVE DIRECTOR AFTER SHE RECEIVES FROM CLA, AND BEFORE MAILING THE FORM 990. AFTER REVIEW BY EXECUTIVE DIRECTOR THE 990 IS DISTRIBUTED TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FILING. |
FORM 990, PART VI, SECTION B, LINE 12C | EACH TRUSTEE, MEMBER OF A COMMITTEE WITH GOVERNING BOARD-DELEGATED POWERS AND KEY EMPLOYEES AND ANY OTHER OFFICER OF THE CORPORATION SHALL ANNUALLY SIGN A STATEMENT THAT AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY B. HAS READ AND UNDERSTANDS THE POLICY C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS MARDAN IS A NONPROFIT AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. ADDITIONALLY, MONITORING IS PERFORMED REGULARLY BY THE OFFICERS TO IDENTIFY POTENTIAL CONFLICTS OF INTEREST. ANY QUESTION OF A CONFLICT IS ADDRESSED WITH THE INTERESTED PERSON, WHO IS REQUIRED TO DISCLOSE THE EXISTENCE OF ANY FINANCIAL INTEREST AND BE AFFORDED THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD AND EXECUTIVE DIRECTOR. IF A CONFLICT OF INTEREST IS IDENTIFIED, THE APPROPRIATE ACTION IS TAKEN, INCLUDING LIMITATIONS TO THE INDIVIDUAL'S INFLUENCE ON RELATED BUSINESS MATTERS. |
FORM 990, PART VI, SECTION B, LINE 15 | ON AN ANNUAL BASIS, THE DIRECTOR OF FINANCE WILL IDENTIFY KEY EMPLOYEES AND WILL PROVIDE THE BOARD PRESIDENT WITH THE TOTAL COMPENSATION PACKAGE RECEIVED BY THOSE INDIVIDUALS FOR THE PAST FISCAL YEAR, AS WELL AS A RECOMMENDATION FOR THE UPCOMING YEAR. THE TRUSTEES WILL BE PROVIDED WITH DATA IN ORDER TO BE ABLE TO COMPARE COMPENSATION FOR SIMILARY QUALIFIED PEOPLE IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. THE PACKAGE(S) WILL BE REVIEWED BY TRUSTEES IN CLOSED SESSION AND WILL BE APPROVED BY THE TRUSTEES. THE KEY EMPLOYEES WITH CONFLICTS OF INTEREST MAY NOT BE INVOLVED IN THE REVIEW OR THE APPROVAL. THE SAME AS THE EXPLANATION ABOVE. |
FORM 990, PART VI, SECTION C, LINE 19 | UPON REQUEST, COPIES OF THE GOVERNING DOCUMENTS AND CONFLICTS OF INTEREST ARE PROVIDED. |
FORM 990, PART XII, LINE 2C: | THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. |
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