The Estaugh Ta Medford Leas

“The 990 is reviewed in detail by both the ceo and cfo. The 990 is then circulated to the full board of trustees for discussion and comment before filing.”

“The conflict of interest policy covers all board trustees, officers, and key employees of the estaugh t/a medford leas. It is the responsibility of all individuals to disclose any conflict or possible conflict immediately. This disclosure is documented and recorded as part of the minutes or otherwise is made a matter of record. Any individual having a possible conflict of interest shall not participate in the board's actions with respect to that interest or use his/her personal influence in the matter. Such individual shall not be counted in determining the quorum for the meeting, even when permitted by law. The minutes will reflect that a disclosure of a potential conflict of interest was made, that the affected board member did not participate in the board's action and that a quorum of the board was present for the action without counting the affected board member. This resolution will be re-affirmed each year at the annual meeting of the board. The organization monitors compliance with its conflict of interest policy through an annual questionnaire / disclosure statement that is distributed to these individuals. The ceo reviews the annual statements, potential conflicts are investigated immediately by the board clerk or the clerk of the committee on which the conflict is raised.”

“The executive committee performs the annual review and approves the compensation of the ceo. The executive committee uses surveys (and consultants, if necessary) to determine a reasonable and competitive salary and benefits for the ceo. The ceo, together with the director of human resources, will conduct a survey of executive compensation of medford leas' leadership group every three years to determine reasonable and competitive compensation for executive management positions, and may engage a consultant to assist in the process. It is expected that each periodic update will result in a normal progression of compensation levels. The survey may occur more frequently if compensation trends and recruitment areas or industries change significantly. In preparation for conducting the survey, the total compensation for each executive position will be defined. The process was last conducted in 2025”

“The organization will make the following documents available to the public upon request: governing documents (articles of incorporation and bylaws), conflict of interest policy, audited financial statements, and public disclosure copy of the form 990”

“Change in fair value of derivative financial 394,731. Valuation gains, benefitial interest in perpetual trusts -1,969. Valuation gains, split interest agreements 114,890.”