Our Governance
Overview
The Ohms Law Foundation is a Texas nonprofit corporation with an application for tax-exempt status under section 501(c)(3) of the Internal Revenue Code currently pending with the IRS. We are committed to advancing the biomedical equipment technician (BMET) profession through scholarships, certification sponsorships, mentorship, and educational outreach.
We operate in accordance with our bylaws, which outline the structure and responsibilities of our Board of Directors and ensure that we follow recognized nonprofit best practices.
Board of Directors
The Foundation is governed by a volunteer Board of Directors that provides oversight, strategic direction, and fiduciary responsibility for the organization.
Board Composition – The Board consists of community-minded professionals dedicated to supporting the BMET profession.
Terms – All Board seats, including the President and Vice President, have two-year terms and may be renewed through Board election.
Compensation – Directors serve without compensation but may be reimbursed for reasonable expenses related to their duties.
Officers
The officers of the Foundation are the President and Vice President, elected from among the Board members.
President – Serves as chief executive officer, presides over meetings, and leads the organization’s strategic and operational efforts.
Vice President – Assists the President and may act in their place when necessary.
All other Board members serve as Directors.
Committees
The Board may form committees to carry out specific functions, such as:
Scholarship and Awards Committee – Oversees scholarship and certification sponsorship programs.
Fundraising and Partnerships Committee – Develops revenue-generating initiatives and strategic partnerships.
Fiscal Year
The Foundation’s fiscal year runs from June 20 to June 19, aligning with its formation date.
Conflict of Interest Policy
We maintain a Conflict of Interest Policy to ensure that Board decisions are made solely in the best interest of the organization and its mission. Directors must disclose any potential conflicts and recuse themselves from related decision-making.
A copy of our Conflict of Interest Policy is available upon request.
Tax-Exempt Status Notice
Ohms Law Foundation is a Texas nonprofit corporation. Our application for recognition as a tax-exempt charitable organization under section 501(c)(3) of the Internal Revenue Code is currently pending with the IRS. Until our application is approved, contributions may not be tax-deductible. Once the IRS grants tax-exempt status, donations will be tax-deductible to the fullest extent allowed by law, and the status will be retroactive to our date of incorporation.