Feeding Our Communities Partners

“The Board of Directors has an Executive Committee made up of the Chair, Vice Chair, Treasurer, and Secretary and this committee may approve expenditures with two approving members.”

“The return is prepared by an accounting firm. The full return is emailed to the entire board of directors for review one week prior to the board meeting. Any questions or concerns are requested before the meeting and given further opportunity at the meeting to discuss. If the return is satisfactory, the board proposes a motion to approve and the return is submitted to the IRS.”

“All board members are required to review and sign a conflict of interest disclosure agreement annually. Copies are kept on file and reviewed as needed. The governing board will determine if a conflict exists. If it is determined a conflict does exist, the individual with the conflict may make a presentation on the topic but must leave the meeting during the discussion and vote.”

“The Board Chair and Vice Chair conduct the annual performance review of the Executive Director. Compensation of the Executive Director is based on comparability data from similar nonprofits in Minnesota and the immediate region (Salary and Benefits Survey, Minnesota Council of Nonprofits, 2016.) The Board Chair and Vice Chair recommend any salary changes for board approval. This process is conducted once per year and is recorded in the board meeting minutes and personnel file. All other employees have comparable compensation reviews annually and pay ranges are established for discretion of management.”

“The annual report (including financial statements), Form 1023, and previous year 990 filings are available on the organization's website. Other documents are available upon request.”