Strong Towns

“The Form 990 is prepared and reviewed by a paid tax preparer, which is prepared with information provided by the organization. Upon review, the Form 990 is then presented to Board members for inspection, comment, and review. After the Board review, the Board votes on a resolution to approve the contents of Form 990 to Federal and State regulators. Upon resolution, Form 990 is filed with the IRS.”

“The organization has a conflict of interest policy in place, as adopted by the Board. The policy covers all significant persons identified as a director, officer, key employee, or committee member with Board delegated powers. Per this policy, each significant person is required to review and document conflicts of interest on an annual disclosure and review form. The policy recognizes the duty to disclose conflicts of interest, and prompt disclosure is required if such matters may arise throughout the year. Conflicts of interest are sent to an attorney to review and for which to provide an opinion. The Board shall determine by a majority vote of disinterested directors whether the disclosed interest results in a conflict of interest. When a conflict of interest is deemed to exist, the Board will determine by majority vote of disinterested directors, after exercising due diligence and investigation of alternatives, whether the transaction, contract, or arrangement is fair and reasonable.”

“Compensation is reviewed as necessary at a Board meeting and is voted on by all Board members. Each director is familiar with compensation rates and comparability as related to credentialed staff needed to perform the activities and carry out the mission of Strong Towns. The Board of Directors are not compensated.”

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