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 2017. The executive director, head of the compensation committee and the board president met in 2017 to evaluate and review staff compensation and staff restructuring needs. The results of this meeting were shared at the annual meeting in 2017 and no 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's neighborhood program was transferred to northpoint health and wellness center, inc. On june 1, 2017. In may 2017, the board of directors of the organization evaluated changes in the global bike share industry, particularly the shift toward privately-funded business models deploying dockless technology. At that time, the board of directors instructed staff to move proactively to seek a method of transition that would enable the organization to continue to meet its obligations to public-grantors for operation of the grant-funded bikes and stations while (seamlessly, for customers) delivering a privately-funded dockless expansion meeting public goals for quality, reliability, equity, and order. The organization published a request of proposals for transition of the twin cities bike sharing system (rfp) in august of 2017. In december of 2017, following the recommendation of a local stakeholder group and public presentations by finalists, the organization selected motivate as its for-profit transition partner. On june 4, 2017, the organization entered into a third amendment to its grant funded agreement with the city of minneapolis, which bound the organization to a set of assurances contained in the organization's 2018 update to nonprofit business plan, authorized the organization to subcontract with motivate to operate the grant-funded equipment, and made the organization the sole licensee of the city of minneapolis for the duration of the grant funded agreement. The organization obtained written approval of its updated business from all of its public grantors in the spring of 2018. In addition to publishing the rfp, business plan, and contracts, the organization retained a third party to complete a transition analysis and published a report of that analysis. On june 14, 2018, the organization entered into a program and pilot agreement with motivate minnesota llc (motivate), which included a service level agreement, an equity plan, a grant funded equipment operating agreement, and lease/option (transition agreements). A closing on the transition agreements occurred on july 2, 2018. The organization and blue cross and blue shield of minnesota also mutually terminated their title sponsorship agreement, and the organization returned $125,000 unspent funds restricted under that agreement. The transition agreements have aspects of a transfer of assets and a subcontract. Motivate acquired the organization's tools, spare parts, and brand. Motivate leased the shop space from the organization with an option to purchase for the outstanding principle on the building loan after five years. All of the organization's operations employees in minneapolis were offered and accepted employment with motivate. Motivate committed to operate the older grant funded bikes and stations until they are taken out of service at a future time. The organization will continue to own the grant-funded equipment. Motivate will collect the revenue from the grant-funded equipment on behalf of the organization; the organization will pay motivate an operating fee for the grant-funded equipment of $125,000. Motivate will fund and own the dockless bike pilot (at least 3,000 bikes, an e-bike pilot, and a winter bike pilot). The organization remains obligated to public grantors and public landowners; the organization has subcontracted with motivate to fulfill those obligations. Motivate will also pay to the organization $65,000 each year corresponding to the organization's actual expenses. There is also a revenue share option based on program revenues collected by motivate. The organization continues to fulfill its mission and vision, now functioning as a "mobility manager" rather than an operator. Core functions including overseeing the service level agreement and equity plan with motivate to assure compliance and serve as a "bridge" between our public right of way owners and public transit operators and the private entrepreneurs at motivate and lyft (motivate”