Future Farmers of America

“The organizations members are from affiliated chapters.”

“The organization has 150 delegates who vote for officers and board members.”

“The treasurer of the organization distributes a pdf copy of the 990 to all board members for review and comment prior to the return being filed.”

“At each board and committee meeting, if there is a discussion of selecting or engaging a vendor or service provider, all in attendance are asked to recuse themselves from this discussion if there could be a perceived conflict. Annually, the organization reviews and discusses the conflict of interest policy and requests that each board member list and acknowledge any known conflicts.”

“The board may hire and compensate individuals for necessary services rendered to the organization so long as such compensation is reasonable. The board shall determine reasonable compensation amounts based upon compensation paid by similarly situated nonprofits for like services. An individual who is a member of the board who receives compensation, directly or indirectly from the organization for services, is precluded from participating in discussions or votes pertaining to their own compensation. Currently, all directors are volunteers.”

“The organization will provide, in a timely manner, governing documents including its conflict of interest policy when requested in writing or in person.”

“The executive secretary is paid for the services rendered to the organization by the az department of education, an unrelated government entity. As such and following irs instructions, this compensation is reported as being from the organization for purposes of part vii and a sch j is also completed. No compensation for this individual is reflected on part ix, line 5, and the organization has no control or authority over their compensation and benefits.”

“Other adjustments consist of returned unused scholarship funds from a prior year of 1,000.”