Pedal the Cause

“The officers of the corporation will review form 990 for accuracy prior to filing.”

“The conflicts of interest policy applies to all directors and officers of pedal the cause, and any other person who is in a position to exercise substantial influence over the decisions and affairs of the corporation. Each covered person will annually sign a statement that affirms such person 1) has received a copy of this policy; 2) has read and understands the policy; 3) has agreed to comply with the policy; and 4) understands that the corporation is exempt from federal income tax and to maintain its federal tax exemption the corporation must engage primarily in activities that accomplish one or more of its tax-exempt purposes. To ensure that the corporation operates in a manner consistent with its tax-exempt purposes and that it does not engage in activities that could jeopardize its status as an organization exempt from federal income tax, the board will conduct periodic reviews. The periodic reviews will, at a minimum, include the following subjects: 1) whether the corporation's compensation arrangements are reasonable, based on competent survey information, and are the result of arm's-length bargaining; and 2) whether transactions and arrangements with other entities and individuals conform to the corporation's policies, are properly recorded, reflect reasonable payments for goods and services, further the corporation's tax-exempt purposes and do not result in private inurement, impermissible private benefit, or in an excess benefit transaction. When conducting the periodic reviews, the board should rely on appropriate outside experts such as attorneys, appraisers, or compensation or other consultants.”

“Compensation of the executive director is approved by the compensation committee of the board of directors.”

“Any documents as stipulated by law are available to the public.”