Trout Unlimited Inc.

“Tu has 8 classes of membership: tu teen, regular, senior, tu business, tu guide, family, family life, life. Someone becomes a member of tu by paying at least the regular annual membership price, which gives them one vote at the annual meeting.”

“The nominating committee of the board presents the slate of board members at the annual meeting of tu for approval by the membership. Any member in good standing that is present or who has submitted a proxy in advance of the meeting is allowed to vote on the slate.”

“The membership only approves the slate of board members and changes to the bylaws as presented at the annual meeting.”

“The form 990 was prepared by the outside accountants and reviewed by the cfo. A copy of the form 990 was made electronically available to all board members prior to filing with the irs.”

“A copy of the conflict of interest policy and a questionnaire concerning business relationships is sent to all board members each fiscal year. The board members return the completed questionnaire to the nominating and governance committee of the board of trustees, who monitors compliance with the policy. Each employee has a duty to disclose to the chief operating officer the material facts of any proposed transaction of tu in which such person has any actual or potential conflict of interest. An employee having an actual or proposed conflict of interest shall not participate in the deliberations or decision-making process of tu regarding the matter under consideration. However, he or she shall provide tu with any and all relevant information regarding the matter. The chief operating officer shall take such additional action as may be required to ensure that the conflict of interest is resolved, and shall maintain a record of the existence and resolution of the conflict.”

“The chairman of the board appoints a compensation committee that consists of non-compensated board members, including the chairman. This committee meets at least annually with an independent salary consultant to review the compensation packages for the ceo and other key employees, and compare the packages to the general market and similar non-profit organizations. They also review the work plans and accomplishments of the staff and take into consideration the evaluations of key employees by the ceo when determining the final compensation. Compensation reviews for the ceo and other key employees are done in conjunction with the completion of the annual audit, most recently in july 2021.”

“Tu posts its governing documents, conflict of interest policy, tax returns and financial statements on its website and will make copies of the documents available upon request for the same period of disclosure as set forth in section 6104(d).”

“In the great lakes basin of northeast wisconsin, tu is reconnecting habitat to support migratory brook trout in the peshtigo river watershed. We have now reconnected more than 70 miles of habitat so that fish can move between the mainstem peshtigo and its tributaries.”

“Professional consultants: program service expenses 11,226,860. Management and general expenses 305,604. Fundraising expenses 22,959. Total expenses 11,555,423. Construction contractors: program service expenses 16,580,552. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,580,552. Other contractors: program service expenses 80,983. Management and general expenses 0. Fundraising expenses 0. Total expenses 80,983.”

“On april 21, 2020, tu received loan proceeds in the amount of $3,337,300 under the paycheck protection program. The promissory note calls for monthly principal and interest payments amortized over the term of the promissory note with a deferral of payments for the first six months. Under the coronavirus aid, relief, and economic security act (cares act), the promissory note may be forgiven by the small business administration in whole or in part. Tu intends to use the proceeds for purposes consistent with the paycheck protection program and believes that its use of the loan proceeds will meet the conditions for forgiveness of the loan. Tu applied and received forgiveness of the entire amount of the loan payable subsequent to year-end. Tu will record revenue from debt extinguishment during the period that forgiveness is approved.”