Michigan Reading Association

“The Organization has members who pay membership dues and have the right to vote for officers,region reps and members-at-large. Members also must vote on bylaw changes.”

“Members vote for officers, region reps and members-at-large.”

“Members vote on any bylaw changes.”

“The Organization does have local chapters. We do not have written policies that govern their activities. The local chapters are under the guidance of the International Literacy Association(ILA) and we act as a liason between the local chapters and the ILA. Each local chapter has bylaws that align with those established by the ILA.”

“A draft copy of the 990 tax return is provided to the bookkeeper who forwards it to the board of directors for review prior to quarterly board meeting. Form 990 and financial statements are reviewed at the budget committee and board of directors meeting. Ample time is given to the board to review, discuss and approve prior to its filing.”

“All individuals within the association, including board of directors members, staff, committee members, will be required to sign a conflict of interest form. Additionally, all real or perceived conflicts of interest will be brought to the attention of the level of authority necessary for consideration, resolution and direction. The association is a nonprofit, tax-exempt organization. Maintenance of its tax-exempt status is important for its continued financial stability, and the purpose of this conflict of interest policy is to protect the association's interests and prevent transactions that result in private benefit. This policy is intended to supplement but not replace any applicable state and federal laws governing conflict of interest in nonprofit organizations.”

“All compensation for ceo, executive director or top management is approved by the board.”

“No officers currently receive any compensation. All key employee compensation is approved by the board of directors. If any officers were to receive compensation in the future, it would be approved by the board of directors.”

“Documents are available to the public upon request by contacting the organization.”

“Unrealized gain on investments”

“Speaker fees and expenses in relation to the Annual Conference to promote literacy.”