Minnesota Architectural Foundation

“The board of directors is composed of eleven persons. Six of the board members shall be appointed by the board of directors of aia minnesota. Five of the members shall be elected by a majority vote of the board of the minnesota architectural foundation.”

“There are no committees delegated authority to act on behalf of the governing body.”

“The form 990 will be reviewed and approved by the board of directors prior to filing with the irs.”

“Each director and principal officer annually shall sign an acknowledgment and disclosure form that affirms that such person has received and reviewed a copy of the conflict of interest policy and agreed to comply with its terms; and requires that such person disclose any financial interest in or fiduciary responsibility towards any entity such person believes may enter into a proposed transaction with the foundation in the upcoming year. In connection with any actual or possible conflicts of interest, an interested person must disclose the existence and nature of their financial interest or fiduciary responsibility and all material facts to the directors considering the proposed transaction or arrangements. After disclosure of the financial interest or fiduciary responsibility and all material facts, and after any discussion with the interested person, the person shall leave the board meeting while the final determination of a conflict of interest is discussed and voted upon. The remaining board members shall decide if a conflict of interest exists. An interested person may make a factual presentation at the board meeting, but after such presentation, they shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement that results in the conflict of interest. An interested person shall not actively participate in the discussion of, or vote on, the transaction or arrangement that results in the conflict of interest, either formally at a board meeting or informally through contact with individual board members. In addition, the interested person should not be counted in determining whether a quorum is present for the board meeting at which the transaction or arrangement that results in the conflict of interest is to be voted upon. All proceedings are documented in the minutes of the board.”

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

“Program consultants: program service expenses 9,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,000. Catering & event service: program service expenses 5,538. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,538.”