Wellstone Action

“The organization's executive committee consists of the executive director, co-chairs, secretary, and treasurer. The executive committee has the authority to act on behalf of the board between meetings.”

“David wellstone and mark wellstone - family relationship”

“At the completion of the audit, the finance committee of the board of directors convenes with the audit company to review the results of the audit and the form 990. The results of the audit are discussed in detail and the finance committee makes a recommendation to the full board of directors to approve or not approve the audit and form 990. The full audit documents, financial statements and form 990 are provided to the full board of directors prior to the meeting. The board of directors review the documents and then vote to approve or not approve the audit.”

“Board members are asked to disclose any conflicts of interest annually. In the event a conflict exists, the conflicted member leaves the room while the issue is discussed with the full board. If a conflict of interest is determined to exist, the conflicted board member is allowed to make a case, and the board then discusses whether there is an alternative to the conflict; if the board member will need to end the conflict or take the appropriate action needed to end the conflict. All proceedings related to conflicts of interest are documented in the meeting minutes.”

“The finance committee of the board uses the minnesota council of non-profits salary guide and takes into account relevant experience to determine compensation for the executive director and for all other positions. This process was last conducted in 2013 for the executive director, b. Goldfarb and finance manager, k. Couch.”

“The organization does not make its governing documents, conflict of interest policy, or its financial statements available to the public.”