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. This process was last performed in june 2019.”

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