Nice Ride Minnesota

“The organization's executive committee was comprised of board members in the current year. The executive committee has all of the duties and powers of the board of directors with the following exceptions: (a) amending the governing documents; (b) electing or removing directors; (c) dissolving the corporation; and (d) actions that may create financial obligations exceeding $50,000.”

“Some of nice ride minnesota's directors are employed by companies that may do business with each other. Those business relationships are unrelated to nice rice minnesota.”

“The organization provides a copy of the form 990 to all board members prior to the filing with the irs.”

“The organization's conflict of interest policy covers officers, directors, or members of committees with board-delegated powers. Each covered individual is required to annually sign a statement which affirms that they have received and understood the policy, agree to comply with the policy's provisions, and to provide a list of relationships which may give rise to a conflict. 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 responsibility 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, if requested, he or she shall leave the board or committee meeting while the final determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists without the interested individual. The minutes of the board and all committees document all proceedings resulting from conflicts of interest.”

“Compensation of the top management official was addressed by the chair of the administrative committee of the board pursuant to the compensation committee charter, including evaluations of salaries at similar organizations. The process and decision were documented. At present, salaries at nice ride are substantially lower than at similar nonprofit entities. The executive director's salary was also reviewed by the human resource consultant and adjusted per board approval. This process was last performed in 2016. The executive director, head of the compensation committee and the board president met in 2016 to evaluate and review staff compensation and staff restructuring needs. The results of this meeting were shared at the annual meeting in 2016 and compensation adjustments were approved by the board that time.”

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

“Nice ride launched in rochester in spring, 2016 with a rental program focused on recreational use by hotel guests - with a focus on active living and active transportation choices. Building on the learning in other pilots and to capitalize on the dynamics of the destination medical urban redesign process, we hired staff and provided resources with an eye toward developing relationships with business, government, and grass roots partners. 200 orange bikes were transferred to rochester (a small portion was deployed in 2016). Bikes were available for rental at two locations; people's food coop and peace plaza. We see the current initiatives as critical to laying the groundwork for a future urban bike share system and to building on current interest in active transportation.”