Standard 3: Frequency and Attendance of Board Meetings - An organization shall have a minimum of three evenly spaced meetings per year of the full governing body with a majority in attendance, with face-to-face participation. A conference call of the full board can substitute for one of the three meetings of the governing body. For all meetings, alternative modes of participation are acceptable for those with physical disabilities.
Zakat Foundation of America does not meet this Standard because:
- The board of directors did not hold a minimum of three evenly spaced meetings in the past fiscal year.
Standard 14: Budget - Have a board-approved annual budget for its current fiscal year, outlining projected expenses for major program activities, fund raising, and administration.
Zakat Foundation of America does not meet this Standard because, when the organization provided budget information, it indicated that the budget:
- Did not identify total projected administrative expenses.