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, principal officer, and member of a commiittee with board-delegated powers 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 his or her financial interest or fiduciary responsbility and all material facts to the directors and members of committees with board-delegated powers 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, he or she shall leave the board or committee meeting while the final determiniation of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. An interested person may make a factual presentation at the board or committee meeting, but after such presentation, he or she 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 or committee meeting or informally through contact with individual board or committee memnbers. In addition, the interested person should not be counted in determining whether a quorum is present for the board or commtitee 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 and all committees with board-delegated powers.”

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

“Catering and event services: program service expenses 0. Management and general expenses 11,998. Fundraising expenses 0. Total expenses 11,998. Program consultants: program service expenses 12,985. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,985.”