Lakes Region Ems Inc

“The form 990 first goes to the finance committee for review/approval, and then moves on to the board. The board will vote and approve, then the form 990 is sent to the irs.”

“Each director, officer and member of a committee with board-delegated powers shall annually sign a statement that affirms that such person: a. Has received a copy of the conflicts of interest policy; b. Has read and understands the conflicts of interest policy; c. Agrees to comply with the conflicts of interest policy; and d. Understands that lrems is a charitable organization and that, in order to maintain its federal tax exemption, it must engage primarily in activities which accomplish one or more of its tax-exempt purposes and no part of its net earnings, directly or indirectly, improperly inure to the benefit of any private person. To ensure that lrems operates in a manner consistent with its charitable purposes and that it does not engage in activities that could jeopardize its status as an organization exempt from federal income tax, lrems's board of directors shall conduct periodic reviews. If it is unclear whether a conflict exists, the remaining board members make the determination. An interested person must disclose actual or potential conflicts to the board as soon as the interested person becomes aware of it. The interested person must leave the room for discussions of the transaction and any votes concerning the transaction.”

“The executive director's compensation package is reviewed each year by the executive committee. At times the members will request comparative information from an outside source. The review was last completed in 2022. The compensation of other officers or key employees of the organization are reviewed and determined by the executive director. The executive director may choose to send a 360 review to select staff to help in the process. The information is compiled for confidentiality and summarized. The review is then presented to the employee and saved in their personnel file.”

“Governing documents and the conflict of interest policy are made available to the public only by appointment. Financial statements are available to the public through the minnesota attorney general's office.”

“Change in investment in st. Croix valley ems 190,077.”