Buel Real Estate Inc

“The organiztions sole common stock shareholder is mary buel memorial, incorporated as described in schedule r.”

“The directors of the organization are elected by its sole shareholder annually. The sole shareholder also has the right and power to remove members of the board of directors at any time.”

“The organizations board of directors has assigned the duty of reviewing the annual 990 to its standing audit committee. The annual 990 is prepared by the organizations accounting firm working closely with the chief financial officer and executive director. Copies of the completed return are provided to the audit committee for review before filing. Upon review and approval by the audit committee, copies of the 990 form are provided to all board of director members before the return is filed. The return is then filed with the internal revenue service as required.”

“All board of director members, officers and key employees of the organization are required to complete a conflict of interest statement of disclosure annually. This disclosure statement requires the individual to answer a series of questions regarding transactions, events and circumstances which could lead to conflicts of interest. The disclosure statement also requires the individual to sign that they have read and understand the organizations conflict of interest policy and that their responses to the questions are complete and accurate. The completed annual conflict of interest disclosure statements are reviewed by the executive director and the chief financial officer of the organization. The executive director and the chief financial officer contact any individual if there are questions or answers to questions on the disclosure statement that need clarification or further research. If it is determined that a conflict does exist with respect to a matter, the organization enforces the policy by making sure that the person with the conflict does not particpate in the decision-making process. Contemporaneous documentation is maintained of how all conflict matters are resolved. The chief financial officer maintains records of individual business transactions and relationships reported on the disclosure statements as well as known transactions from accounts payable and general ledger records. These transactions and other conflict matters are compiled and included in the annual 990 filing as necessary.”

“Executive compensation committee process and procedures: the executive compensation committee allows the organization to take a systematic approach to managing its executive compensation plan. The committee gives leadership and governance to the executive directors annual compensation and reports to the board annually.in keeping with the oversight and fiduciary responsibilities of the board, the executive compensation committee is a standing committee of the board of directors. The executive compensation committee is given the authority and has been designated by the board of directors to determine the total compensation package of its executive director. Also, this commitee completes the executive director's performance review. The committee is comprised of officers of the board and other board members. All members of the committee serve for a minimum of one full year. This is an independent body of volunteers with knowledge of the executive directors contributions to the association who have no family relationship, professional associations or business relationship with the persons under review. They are active volunteers who hold or may have held leadership positions with the organization. The role of the executive compensation committee is to provide the necessary direction to and oversight of the association's executive compensation program and to develop the total compensation and benefits package of the executive director. Performance measurement and comparative compensation data: the executive director provides the executive compensation committee with an annual report consisting of priorities/outcomes from the previous year as well as priorities for the upcoming year. Compensation data from an independent source is reviewed and the compensation of executive director is considered in relation to organizations based on the committees knowledge of those compensation amounts.”

“Compensation for the chief financial officer and other key top management positions is determined by the executive director. The executive director has specific knowledge of the job requirements for these positions and the required performance in meeting the metrics of the position. The executive director incorporates comparable information provided by outside sources during the performance evaluation process to determine the appropriate compensation for these individuals. The compensation for these positions is included in the organizations annual budget which is approved by the board of directors each year.”

“The organizations annual 990 filing is available for inspection on the publicaly available website guide star. The organizations governing documents, conflict of interest policy, annual audited financial statements and annual 990 filing are available for inspection by members of the public at the organizations place of business during normal business hours. Appointments for review of these documents must be made with the organizations chief financial officer in advance.”

“Description of the organizations volunteers and their activities: the majority of the organizations volunteers are the members of the organization's board of directors that attend quarterly meetings of the full board and various meetings for any committee that a board member serves on.”