import InternalDocsLayout from "./InternalDocsLayout"; export default function Space3FoundationGovernance() { return (

The AeThex Foundation is a 501(c)(3) non-profit organization. Its governance model balances accountability to stakeholders, fiscal responsibility, and mission-driven decision-making.

Organizational Structure

Board of Directors

  • Size: 5-9 members (odd number for voting)
  • Term: 2 years, staggered (2-3 rotate annually)
  • Role: Set strategy, approve budget, oversee compliance
  • Independence: Majority must be independent (not employees of related entities)

Executive Director

  • Role: Day-to-day operations, program management
  • Reports To: Board of Directors
  • Accountability: Annual performance review by Board

Committees

  • • Finance Committee: Budget, audit, investments
  • • Program Committee: Mission delivery, outcomes
  • • Governance Committee: Policies, compliance, Board nominating
  • Decision Making

    Board Meetings

    • • Quarterly (minimum) or as needed
    • • In-person or video (all present)
    • • Minutes taken and filed
    • • Majority quorum required (50% + 1)

    Voting Rules

    • • Major decisions: Simple majority (50% + 1) vote
    • • Budget: Requires Board approval & Finance Committee review
    • • Governance changes: Supermajority (2/3)
    • • Program approval: Program Committee then Board

    Conflict of Interest

    • • Board members must disclose potential conflicts
    • • No voting on decisions where you have a personal stake
    • • Annual COI disclosures required

    Accountability

    Financial

    • • Annual independent audit
    • • Form 990 filed publicly (IRS)
    • • Quarterly financial reports to Board
    • • Annual 1099s/W-2s for staff

    Programmatic

    • • Annual impact report
    • • Outcome metrics tracked quarterly
    • • Community feedback solicited
    • • Program evaluations conducted

    Legal & Compliance

    • • Maintain 501(c)(3) status
    • • Follow state charity regulations
    • • Annual governance review
    • • Whistleblower policy in place

    Fund Accounting

    The Foundation maintains separate funds for accountability:

    Unrestricted Fund: General operations, can be used for any mission-aligned purpose

    Restricted Funds: Donor-restricted (education), program-specific grants

    Endowment (future): Long-term sustainability, generates annual spending

    Guiding Principle: The Foundation's governance ensures we serve the public benefit, not private interests.

    ); }