Minnesota Technology Foundation Inc

“The form 990 is prepared by the organization's public accounting firm based on information provided by the organization. Once the draft is available, it is provided to management for their review with any comments or corrections being incorporated into the filing. A complete copy of the 990 is then provided to all members of the governing body before it is filed.”

“The foundation's conflict of interest policy, as written in the organization's bylaws, is consistently monitored and enforced through an annual questionnaire in which officers, directors or members of a committee board agree to disclose any existing or potential conflicts of interest. A contract where there is a potential conflict may be approved if the following procedures are observed: the material facts as to the contract or transaction and as to the director's interest are fully disclosed or known to the members and the contract or transaction is approved in good faith by two-thirds of the members entitled to vote, not counting any vote that the interested director might otherwise have, or the unanimous affirmative vote of all members, whether or not entitled to vote; the material facts as to the contract or transaction and as to the director's interest are fully disclosed or known to the board or a committee, and the board or committee authorizes, approves, or ratifies the contract or transaction in good faith by a majority of the board or committee, not counting any vote that the interested director might otherwise have, and not counting the director in determining the presence of a quorum. All proceedings related to conflicts of interest are documented in the meeting minutes. Typically, this would come up during a vote of which the board member would state their conflict and abstain from voting.”

“The foundation does not compensate its officers or members.”

“The form 1023 is available upon request.”

“The foundation's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“Minnesota aspirations in computing (mnaic) is the flagship offering of the minnesota technology foundation and official state affiliate of the national center for women & information technology (ncwit) aspirations in computing program. About the minnesota aspirations in computing (mnaic) program is dedicated to inspiring young women in high school, grades 9-12. Recognizing exceptional students at our spring top-tier and rising star ceremonies in collaboration with our corporate, community, and educational partners. Our awards celebrate students' computing achievements, enthusiasm for technology, leadership, community involvement, and resilience. This recognition not only acknowledges their accomplishments but also fuels their ongoing engagement in stem, enhances their confidence, and advances diversity in the tech industry.”

“The organization has not changed its oversight process since the prior year.”