Dr Willard E and Ella N Romberg Supporting Foundation

“The foundation's governing body is its advisory committee. Not all members of the advisory committee have equal voting rights. The committee has two classes of members: the donor member and the wels (wisconsin evangelical lutheran synod) members. The donor member, dr. Willard romberg, has the right to appoint additional or successor members to the committee and may remove any wels member.”

“Martin luther college provides management oversight of the foundations's investment activities.”

“The dr. Willard e. And ella n. Romberg supporting foundation has legal trustees who govern the affairs of the foundation. The board of trustees of martin luther college has the right to remove any trustee of the foundation at any time and the right to appoint one or more additional or successor trustees at any time.”

“One member of the advisory committee, the governing body of the foundation, is the president of the minnesota district of the wisconsin evangelical lutheran synod or a parish pastor chosen by the president of the synod.”

“Prior to being filed, the form 990 was reviewed by the foundations's assistant secretary and a board member.”

“The organization's conflict of interest policy applies to directors, officers and employees. Each individual is required to complete an annual disclosure form identifying actual or possible conflicts of interest before any board or committee action involving a conflict of interest. An individual with a conflict must disclose all relevant facts. The individual with a conflict may not participate in or be in the room during a discussion of matter, but may be asked to provide material facts and to respond to questions. The individual with a conflict may not vote on the matter and may not be in the room when the vote is taken by the remaining board or committee members. Individuals who are not board or committee members, but who have a conflict of interest in regards to a transaction are required to disclose such fact(s) to the board chair before any action is taken by the organization. When there is uncertainty about whether a conflict exists, the determination is made by the board chair.”

“All individuals volunteer their time and efforts to further the cause of the foundation. The assistant secretaries are employees of martin luther college, their compensation is determined by the leadership of the college.”

“The foundation's governing documents and conflict of interest policy are available upon request. The foundation does not prepare financial statements, but does have an annual financial summary that is also available upon request.”