Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART I, LINE 6 | THE BOARD OF DIRECTORS OF FAR STAR ACTION FUND CONSISTS OF THREE VOLUNTEER BOARD MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 2: | DAVID J. CORNFIELD AND LINDA ARCHER CORNFIELD HAVE A FAMILY RELATIONSHIP. |
| FORM 990, PART VI, SECTION A, LINE 8B: | THE ORGANIZATION DID NOT HAVE ANY COMMITTEES IN 2018. |
| FORM 990, PART VI, SECTION B, LINE 12C: | THE CONFLICT OF INTEREST POLICY APPLIES TO FAR STAR ACTION FUND'S DIRECTORS, OFFICERS, MEMBERS OF ANY COMMITTEE OF THE CORPORATION'S BOARD OF DIRECTORS, AND TO ANY EMPLOYEES DESIGNATED BY THE PRESIDENT. EACH COVERED PERSON SHALL PROMPTLY AND FULLY DISCLOSE ALL MATERIAL FACTS OF EVERY ACTUAL OR POTENTIAL CONFLICT OF INTEREST AND IS REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE. ALL DISCLOSURES SHALL BE MADE TO THE PRESIDENT WHO WILL DISCLOSE THE CONFLICTS TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS WILL EVALUATE THE DISCLOSURES TO DETERMINE WHETHER THEY INVOLVE AN ACTUAL CONFLICT OF INTEREST AND MAY ATTEMPT TO DEVELOP ALTERNATIVES TO REMOVE THE CONFLICT FROM THE SITUATION. ANY COVERED PERSON WHO HAS AN ACTUAL CONFLICT OR POTENTIAL CONFLICT OF INTEREST SHALL RECUSE HIMSELF/HERSELF FROM VOTING ON ANY TRANSACTION OR ARRANGEMENT, AND SHALL NOT BE PRESENT WHEN ANY SUCH VOTE IS TAKEN. |
| FORM 990, PART VI, SECTION C, LINE 19: | FAR STAR ACTION FUND'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
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