North American Lake Management Society Inc

“The corporation shall have two classes of membership: (1) individual, and (2) institution/organization. Each member, whether an individual or institution/organization, shall be entitled to one vote and to other rights of membership as provided herein.”

“The society's membership has the right to elect the members of the society's governing body.”

“Changes to the society's constitution and bylaws are subject to two-thirds approval of the society's membership.”

“The prepared form 990 is reviewed by the treasurer and the executive director before the return is filed with the irs.”

“If, at any time, an interested person becomes aware that the board may or shall discuss or act upon any transaction or arrangement which may have any bearing of any kind upon, or may relate in any manner to, a financial interest of the interested person, such interested person shall disclose such financial interest to the board as follows: (i) the interested person shall provide to the board, in advance of such discussion or action by the board, written disclosure of the existence, nature and extent of the interested person's financial interest, or (ii) if written disclosure cannot be provided in advance, e.g., in situations in which the interested person does not realize the nature of the transaction or arrangement to be discussed or acted upon until discussions have already begun, the interested person shall orally inform the board immediately upon such interested person's realization that the transaction or arrangement may bear upon or relate to a financial interest of the interested person, and shall provide such written disclosure to the board at the soonest practicable time thereafter. Any and all written or oral disclosures of financial interests shall be made a formal part of the minutes of the board. In circumstances where the board has determined that a conflict of interest exists, the interested person shall not participate in any discussion or vote regarding the transaction or arrangement at issue, and shall not be present in the meeting room for any part of the discussion or vote relating to the transaction or arrangement. The chair of the bylaws committee shall periodically review the actions taken by the board on behalf of the corporation. Such review is intended to ensure that the corporation continues at all times to be operated exclusively for the achievement of its public charitable purposes, rather than for the benefit of one or more private persons. Such review shall be conducted with the recognition that certain types of transactions or arrangements create unique possibilities for certain private individuals to derive excessive private benefit.”

“Annually, the president and president-elect have a performance evaluation meeting with the executive director and report the results to the other board of directors (bod) during an executive session. The president and president-elect make a recommendation to the bod on both a percentage increase in wage as well as a cost-of-living percent increase based on comparison with percentages used across the u.s., including other non-profit organizations where our bod members work. There is discussion amongst board members regarding the recommendations and comparisons are made between the recommendation and what was decided in previous years. The compensation is then approved and documented in the board minutes.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”