Global Volunteers

“The organization's president, burnham philbrook, and the organization's senior vice president, michele gran, have a family relationship.”

“The organization has 5 stockholders, all of whom are trustees.”

“There are five stockholders, each of whom has the right to cumulate his or her votes in the election of directors pursuant to the provisions contained in minnesota statutes section 317a. 215 and according to the process defined in minnesota statutes section 302a. 215. However, the consistent practice over the past nearly 20 years has been to elect directors by unanimous consent of all the stockholders.”

“Committees are advisory to the board of directors and any committee recommended action adopted by the governing body are documented in the minutes of the governing body.”

“Form 990 will be reviewed by the finance committee and submitted to the board of directors for its review and approval.”

“We employ the honor system whereby officers, directors and trustees are required to disclose. However, given the size of the organization it is unlikely that someone would have a conflict of interest that would not otherwise come to the attention of one of the other officers, directors or trustees or one of the staff.”

“The board of directors determines and approves compensation and benefits for the ceo and other officers of the organization. The board reviews the most recent edition of the minnesota council of nonprofits compensation survey, considers federal estimates of cost of living increases/decreases, and takes into account both corporate and individual performance. In past years this analysis has been done either by the full board or a board appointed committee. This process occurs whenever any officer's compensation is modified or proposed to be modified. It is noted that officers who are also directors physically remove themselves from the board of directors meeting during the discussion and are not present during any vote relating to their compensation. It is also noted that other than health insurance, the last time any officer's compensation was modified was in 2010.”

“The governing documents, conflict of interest policy and financial statements are available upon request.”

“The organization's finance committee assumes responsibility oversight of the financial reporting process. This process has not changed from the prior year.”