Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY THE CEO AND CONTROLLER OF URBAN VENTURES LEADERSHIP FOUNDATION, AFTER WHICH IT IS REVIEWED AND APPROVED BY THE FINANCE COMMITTEE. THE BOARD OF DIRECTORS RECEIVES A COPY OF THE RETURN PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE POLICY IS MONITORED THROUGH REVIEW OF A CONFLICT OF INTEREST QUESTIONNAIRE PROVIDED TO BOARD AND OFFICERS ANNUALLY. WHEN A QUESTION OF A POTENTIAL FOR CONFLICT OF INTEREST ARISES, THE CEO OR CONTROLLING ORGANIZATION (URBAN VENTURES LEADERSHIP FOUNDATION) MUST BE NOTIFIED; THE CEO HAS DISCRETIONARY AUTHORITY TO DETERMINE IF A CONFLICT EXISTS AND TO ESTABLISH APPROPRIATE BOUNDARIES. IF A CONFLICT OCCURS, THE INDIVIDUAL IS GIVEN A CHANCE TO RESOLVE THE ISSUE, OTHERWISE THE PERSON WOULD BE DISQUALIFIED FROM VOTING IN A RELATED MATTER. PROCEEDINGS RELATED TO CONFLICTS ARE DOCUMENTED PROPERLY. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
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