The Westerly Land Trust

“Membership shall be open to any individual who: (i)subscribes to the purposes of the corporation and agrees to abide by its purposes; and (ii) has paid current annual dues as established by the board of directors.”

“Each member shall be entitled to vote for the election of the board of directors or the removal of directors and each member shall be entitled to one vote if present. No member shall be eligible to vote on any other matter with regard to the corporation.”

“Westerly land trust has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by the finance committee and is ready to be filed with the internal revenue service, it is electronically sent to the board for approval. Once the board has approved the return it is filed with the internal revenue service.”

“Each member of the board of directors annually shall sign a statement that affirms such person has received a copy of the policy, read and understands the policy, and agreed to comply with the policy. The executive director regularly monitors the organization's relationships. The president and all directors are responsible for raising conflict of interest issues as they arise. An interested person or a person representing an interested entity may make a presentation to the board of directors, but after the presentation, he/she shall leave the meeting during discussion of and the vote on, the transaction or arrangement involving the possible conflict of interest. The board of directors shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After the presentation and due diligence, the board of directors shall determine by a majority vote of a quorum of all the disinterested board members whether the transactions or arrangement is in the wlt's best interest, for its own benefits. Whether it is fair and reasonable, and whether it conforms to the letter and spirit of the statement. In conformity with the above determination, it shall make its decision as to whether to enter into, modify, or decline the transaction or arrangement.”

“The board approves the executive director's salary after taking into account compensation for similar positions in other organizations, the executive director's experience and what the organization can sustain financially. A compensation review for the executive director takes place on an annual basis. The approval is documented in the organization's board minutes and was last approved in 2020.”

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

“Professional fees: program service expenses 149,036. Management and general expenses 0. Fundraising expenses 0. Total expenses 149,036.”