Casey Trees

“The Bylaws were amended on December 7, 2020 to modify Article III Board of Directors sections below. Section 3.2 Number, Tenure and Qualifications. Modified the original language to allow the President of the Garden Club of America ("GCA") to appoint two directors to the Casey Trees Board who are chosen from among the membership of the GCA. The change further stipulates that directors appointed by the GCA may serve up to two, three (3) year terms unless earlier terminated pursuant to Sections 3.2 or 3.4. Section 3.5 Vacancies. Modified the original language to stipulate that the President of the GCA shall appoint directors to the CT board from among the membership of the GCA in the event of death, resignation or removal of a director appointed by the President of the GCA.”

“The Garden Club of America selects two members of Casey Trees' Board of Directors.”

“A copy of the Form 990 is first reviewed and approved by Casey Trees' outside accountant and management. Upon management's approval, the Form 990 is forwarded to the audit committee for review prior to submission. A copy of the Form 990 is then provided to the Board of Directors before it is filed.”

“In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the interest as soon as s/he realizes a conflict of interest exists to the Executive Committee of the Board of Directors or a governing body established by the Board President. After exercising due diligence with all the information available to it, the Executive Committee or governing board shall determine whether Casey Trees 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 not, the Executive Committee or governing board shall determine by a majority vote whether the transaction or arrangement is in Casey Trees' 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 arrangment. A record of the aformentioned proceedings shall be kept that identifies the person(s) with the potential conflict of interest, the nature of the conflict itself, the names of the members of the committee present for deliberations, and the nature of the discussion and resolution(s). Failure to report a conflict of interest may result in disciplinary action including termination.”

“When hiring an Executive Director, the Board President shall review documents pertaining to the cash and non-cash compensation for Executive Directors of similar organizations to determine if the compensation package is appropriate. Setting of the initial salary level will account for skills, experience, locality adjustments, etc. Thereafter, on an annual basis, the Board President will review the Executive Director's performance, and account for factors such as internal and external pay equity and others as appropriate, to determine if a salary increase or other compensation is warranted. The President may assign this duty to another board member(s) at his/her discretion as needs dictate. The setting of the initial salary/benefit levels, and any increases, shall be reviewed and agreed to by the Executive Committee of the Board.”

“Casey Trees makes its Form 1023 available upon request. Casey Trees makes available a public disclosure copy of its Federal Form 990 upon request and on Guidestar.”

“Casey Trees makes its governing documents, certain policies (including conflict of interest policy) and financial statements available upon request based on the discretion of management.”

“NPV discount on Life Estate 20,337.”

“Casey Trees' Audit Committee assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant.”