Green Beret Foundation

“The president distributes the completed form 990 to the board of directors for review. If the board members have any questions, the president addresses those inquiries.”

“1. In connection with any actual or possible conflict of interest,an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the board or executive committee. Any director may recuse himself or herself at any time from involvement in any decision or discussion in which the director believes he or she has or may have a conflict of interest, without going through the process for determining whether a conflict of interest exists. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the board or executive committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or executive committee members shall decide if a conflict of interest exists. An interested person may make a presentation at the board or executive committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. The chairperson of the board or executive committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the board or executive committee shall determine whether gbf can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the board or executive committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in gbf's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination, it shall make its decision as to whether to enter into the transaction or arrangement. Each director, principal officer and member of a committee with board delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflict of interest policy, b. Has read and understands the policy, c. Has agreed to comply with the policy, and d. Understands gbf is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. 2. Each voting member of the board shall annually sign a statement which declares whether such person is an independent director. 3. If at any time during the year, the information in the annual statement changes materially, the director shall disclose such changes and revise the annual disclosure form. 4. The executive committee shall regularly and consistently monitor and enforce compliance with this policy by reviewing annual statements and taking such other actions as are necessary for effective oversight.”

“The executive director, with the assistance of the director of operations, conducts research to identify fair and equitable compensation rates for the market that are commiserate with the job description, duties, and level of experience. As part of the regular budget cycle, the ed includes costs/titles for projected hires for the upcoming year and includes the results of the compensation research. The board of directors then approves or changes the budget and line items. For hires outside the normal budget cycle, the ed forwards the job description, offer letter, and supporting research to the board of directors for approval. The board then approves or makes a recommendation to change, then negotiates with the individual. Final approval of the compensation requires a vote of the majority of the board members.”

“Green beret foundation makes the governing documents, conflict of interest policy, and financial statements available to the public when requested by letter or e-mail. Green beret foundation then mails or e-mails those documents to the requester.”

“The next ridgeline program provides current and former green berets who are transitioning the tools and resources they need to be successful. We have created a focused, relevant, collaborative and secure environment to guide you. We empower the individual to research the art of possibilities via a clear path with achievable goals, navigate the challenges of integrating into the broader community, and live comfortable with the scars of battle.”

“Book/tax depreciation difference -1,114.”