JTATA Conflict of Interest Policy

CONFLICT OF  INTEREST POLICY  

JOSHUA TREE ARTS & TECHNOLOGY ACADEMY   A California Nonprofit Public Benefit Corpora5on  

ARTICLE  I   Purpose  

The  purpose  of  the  conflict  of  interest  policy  is  to  protect  this  tax-­‐exempt  organiza8on's   (Organiza8on)  interest when  it  is  contempla8ng entering  into  a  transac8on or  arrangement  that   might  benefit  the  private  interest  of  an  officer  or  director  of  the Organiza8on  or might  result  in   a  possible  excess  benefit  transac8on.  This  policy  is  intended  to  supplement  but  not  replace  any   applicable  state  and  federal  laws  governing  conflict  of  interest  applicable  to  nonprofit  and   charitable organiza8ons.    

ARTICLE  II   Defini?ons  

1. Interested  Person:  Any  director,  board  member,  principal  officer,  or  member  of  a   commiJee with governing board delegated powers, who has a direct or  indirect financial   interest, as defined below,  is an  interested person.  

2. Compensa8on:  Compensa8on  includes  direct  and  indirect  remunera8on  as well  as  giMs   or  favors  that are not  insubstan8al.  

3. Financial  Interest:  A  person  has  a  financial  interest  if  the  person  has,  directly  or   indirectly,  through business,  investment, or  family:  

a. An  ownership  or  investment  interest  in  any  en8ty with which  the  Organiza8on   has a  transac8on or arrangement,   b. A  compensa8on  arrangement  with  the  Organiza8on  or  with  any  en8ty  or   individual with which  the Organiza8on has a  transac8on or arrangement, or   c. A  poten8al  ownership  or  investment  interest  in,  or  compensa8on  arrangement   with,  any  en8ty  or  individual  with  which  the  Organiza8on  is  nego8a8ng  a   transac8on or arrangement.     d. A  financial  interest  is  not  necessarily  a  conflict  of  interest.  Under  Ar8cle  Ill,   Sec8on  2,  a  person who  has  a  financial  interest may  have  a  conflict  of  interest   only  if  the  appropriate  governing  board  or  commiJee  decides  that  a  conflict  of   interest exists.  

JOSHUA TREE ARTS & TECHNOLOGY ACADEMY — CONFLICT OF  INTEREST POLICY    

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