Open Books

 

Note: In our view, transparency engenders trust. When the public is in the know, they can spot problems and suggest solutions. Support often materializes from unexpected quarters; being open increases the odds that it will. We welcome your questions and suggestions!

 

Organization Information

Name: Resourceful Nonprofits Inc.

DBA (Doing Business As): FundFerret

Organized In: State of Maryland

Organization Code: 04

Organization Type: a regular business nonstock corporation

Department ID Number: D22742365

Formation Date: March 11, 2022

Resident Agent: Timothy Bruce Mitchell

Principal Office:

12 Ridge Road, Unit A,
Greenbelt, MD 20770

Federal Employer ID Number: 88-1163693

DUNS Number: 76315181

Bank: Truist

Account Type: Nonprofit Checking

Account Number: 1210005718188

Routing Number: 055003308

 
 

Non-Discrimination Policy

Resourceful Nonprofits Inc. shall not discriminate against any employee or any applicant for employment or membership because of race, ethnic identity, color, religion, sex, gender identity, sexual preference, disability, appearance, or national origin.

Resourceful Nonprofits Inc. shall take affirmative action to ensure that applicants for employment are employed and members accepted into membership and that employees and members are treated during employment and membership, without regard to their race, ethnic identity, color, religion, sex, gender identity, sexual preference, disability, appearance, or national origin. Such action shall include, but not be limited to, the following: employment, upgrading, demotion, or transfer; recruitment or recruitment advertising; layoff or termination; rates of pay, or other forms of compensation; and selection for professional development opportunities.

Resourceful Nonprofits Inc. shall post in conspicuous places, available to members, employees, and applicants for employment or membership notices setting forth the provisions of this non-discrimination clause. Notices shall state that all qualified applicants will receive consideration for employment or membership without regard to race, ethnic identity, color, religion, sex, gender identity, sexual preference, disability, appearance, or national origin.

 

Sexual Harassment Policy

To provide a productive and pleasant working environment, we must maintain a workplace characterized by mutual respect and professionalism. Sexual harassment will not be tolerated.

 

Prohibited Activities

Examples of prohibited sexual harassment include:

  • Supervisors or managers who explicitly or implicitly suggest sex in return for hiring, compensation, promotion, or retention.
  • Verbal or written sexually suggestive or obscene comments, jokes, or propositions.
  • Unwanted physical contact, such as touching, grabbing, or pinching.
  • Displaying sexually suggestive objects, pictures, or magazines.
  • Continual expression of sexual or social interest after an indication that such interest is not desired.
  • Conduct with sexual implications when such conduct interferes with the employee’s work performance or creates an intimidating work environment.<
  • Suggesting or implying that failure to accept a request for a date or sex would adversely affect the employee in respect to a performance evaluation or promotion.

 

Harassment by Non-employees

We will endeavor to protect employees, to the extent possible, from reported harassment by non-employees such as visitors, customers, students, alumni, vendors, and other parties who have workplace contact with our employees.

 

Complaint Procedure

Any employee who feels that he or she has been harassed is strongly urged to immediately bring the subject to the attention of their supervisor or to the Board of Directors. Inquiries and/or complaints will be investigated as quickly as possible. All investigations will be conducted in as confidential a manner as is compatible with a thorough investigation of the complaint.

 

Discipline

Any employee found to have harassed another employee or applicant for employment will be subject to appropriate disciplinary procedure action, including reprimands, suspension, or termination of employment. A person committing sexual harassment may also be held legally liable for his or her actions under applicable law.

 

Conflict Of Interest Policy

The purpose of the conflict of interest policy is to protect the interests of Resourceful Nonprofits Inc. (“Resourceful Nonprofits”)—a nonprofit organization—when it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer or director of Resourceful Nonprofits or might result in a possible excess benefit transaction. This policy is intended to supplement but not replace any applicable state and federal laws governing conflict of interest applicable to nonprofit organizations.

 

Definitions

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

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

  • An ownership or investment interest in any entity with which the Resourceful Nonprofits has a transaction or arrangement.
  • A compensation arrangement with the Resourceful Nonprofits or with any entity or individual with which the Resourceful Nonprofits has a transaction or arrangement.
  • A potential ownership or investment interest in, or compensation arrangement with, any entity or individual with which Resourceful Nonprofits is negotiating a transaction or arrangement. Compensation includes direct and indirect remuneration as well as gifts or favors that aren’t insubstantial. A financial interest isn’t necessarily a conflict of interest.

 
A person who has a financial interest may have a conflict of interest only if the appropriate governing board or committee decides that a conflict of interest exists.

 

Procedures

Duty to Disclose
In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement.

Determining Whether a Conflict of Interest Exists
After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists.

Procedures for Addressing the Conflict of Interest
An interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest.

The president of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement.

After exercising due diligence, the governing board or committee shall determine whether the Organization can obtain, with reasonable efforts, a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest.

If a more advantageous transaction or arrangement isn’t reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the Resourceful Nonprofits’ best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination, it shall make its decision as to whether to enter into the transaction or arrangement.

 

Violations of the Conflict of Interest Policy

If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose.

If, after hearing the member’s response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.

 

Records of Proceedings

The minutes of the governing board and all committees with board delegated powers shall contain:

  • The names of the persons who disclosed or otherwise were found to have a financial interest in connection with any actual or possible conflict of interest, the nature of the financial interest, any action taken to determine whether a conflict of interest was present, and the governing board’s or committee’s decision as to whether a conflict of interest in fact existed.
  • The names of the persons who were present for discussions and votes relating to the transaction or arrangement, the content of the discussion, including any alternatives to the proposed transaction or arrangement, and a record of any votes taken in connection with the proceedings.

 

Compensation

A voting member of the governing board who receives compensation, directly or indirectly, from the Organization for services is precluded from voting on matters pertaining to that member’s compensation.

A voting member of any committee whose jurisdiction includes compensation matters and who receives compensation, directly or indirectly, from the Resourceful Nonprofits for services is precluded from voting on matters pertaining to that member’s compensation.

No voting member of the governing board or any committee whose jurisdiction includes compensation matters and who receives compensation, directly or indirectly, from Resourceful Nonprofits, either individually or collectively, is precluded from voting on matters pertaining to that member’s compensation.

 

Annual Statements

Each director, principal officer, and member of a committee with governing board delegated powers shall annually sign a statement that affirms such person:

  • Has received a copy of the conflict of interest policy, understands the policy.
  • Has agreed to comply with the policy.

Understands that Resourceful Nonprofits is charitable 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.

 

Periodic Reviews

To ensure the Resourceful Nonprofits operates in a manner consistent with charitable purposes and doesn’t engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects:

  • Whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm’s length bargaining.
  • Whether partnerships, joint ventures, and arrangements with management organizations conform to the Resourceful Nonprofits’ written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes, and don’t result in inurement, impermissible private benefit, or in an excess benefit transaction.

 

Use of Outside Experts

When conducting the periodic reviews, Resourceful Nonprofits may, but need not, use outside advisors. If outside experts are used, their use shall not relieve the governing board of its responsibility for ensuring periodic reviews are conducted.