Guest Terri Posted June 27, 2020 at 04:56 PM Report Share Posted June 27, 2020 at 04:56 PM I am filling out the 1023 application form for IRS for Recognition of Exemption Under 501(C)(3) and they want to know in Part V #2 if we the association has adopted a conflict of interest policy and if so what are our procedures we will follow to insure persons who have a conflict of interest will not have influence over setting their own compensation or regarding business deals with themselves. Our By-Laws state under Amendments that the By-Laws can be amended at a regular meeting. The rules contained in Robert's Rules of Order New Revised shall govern this association in all cases in which they are not inconsistent with these by-laws. We are a Home and School Association PTA and do not compensate officials Quote Link to comment Share on other sites More sharing options...
Hieu H. Huynh Posted June 27, 2020 at 05:04 PM Report Share Posted June 27, 2020 at 05:04 PM What is your question? Quote Link to comment Share on other sites More sharing options...
Josh Martin Posted June 27, 2020 at 07:03 PM Report Share Posted June 27, 2020 at 07:03 PM 2 hours ago, Guest Terri said: I am filling out the 1023 application form for IRS for Recognition of Exemption Under 501(C)(3) and they want to know in Part V #2 if we the association has adopted a conflict of interest policy and if so what are our procedures we will follow to insure persons who have a conflict of interest will not have influence over setting their own compensation or regarding business deals with themselves. Our By-Laws state under Amendments that the By-Laws can be amended at a regular meeting. The rules contained in Robert's Rules of Order New Revised shall govern this association in all cases in which they are not inconsistent with these by-laws. We are a Home and School Association PTA and do not compensate officials This sounds like a question regarding IRS rules, not RONR, so it seems to me the question is beyond the scope of RONR and this forum. It may be advisable to consult an attorney, an accountant, or both. To the extent that the question involves what "conflict of interest" policies exist within RONR, the text provides the following: "No member should vote on a question in which he has a direct personal or pecuniary interest not common to other members of the organization. For example, if a motion proposes that the organization enter into a contract with a commercial firm of which a member of the organization is an officer and from which contract he would derive personal pecuniary profit, the member should abstain from voting on the motion. However, no member can be compelled to refrain from voting in such circumstances." (RONR, 11th ed., pg. 407) Quote Link to comment Share on other sites More sharing options...
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