Wisconsin Milk Marketing Board Inc

“Wisconsin milk marketing board, inc. Dba dairy farmers of wisconsin is organized as a non-stock, non-profit organization funded by assessments on milk produced by affected dairy producers (affected producers elect the board of directors and would receive remaining assets upon dissolution).”

“Affected dairy producers pay an assessment to fund the organization and elect the board of directors to represent 25 districts.”

“The wisconsin department of agriculture, trade and consumer protection conducts and ratifies board of director elections and provides general oversight.”

“The ceo and chief financial officer review the form 990 prior to filing the return with the irs.”

“The board of directors and employees are covered under the organization's conflict of interest policies. Annually, each director, the ceo and the chief financial officer complete a conflict of interest annual disclosure statement in which they identify the organizations they or their specified family members have an ownership interest in or hold a decision-making or influential position. Each year, the board receives training on the conflict of interest policy and fiduciary duties. Any violation of the conflict of interest policy will be investigated, regardless of the person's position in the organization. If a potential conflict is discovered prior to a transaction, the person with the conflict will not participate in the board's deliberation and decision process if the person is a board member. For an employee, the conflicting situation will be eliminated, the employee will be removed from the deliberation and decision process, or the situation will require the approval of the ceo. If a conflict of interest is discovered after the transaction is complete, the board of directors will be notified if it is a board member or the ceo with the conflict and the ceo will be notified if it is an employee with the conflict. The action taken will depend on severity of the conflict and the impact of the transaction.”

“The full board of directors evaluates the chief executive officer's performance and determines compensation on an annual basis. To determine the appropriate compensation level, the board relies on salary data for comparable positions at similar organizations. They also review national and regional survey data regarding projected merit increases for similar organizations. The actions taken by the board of directors are noted in the board meeting minutes and the survey data filed with meeting notes.”

“The governing documents, conflict of interest policy, and financial statements are available on request. The annual financial statements are included in the annual report and mailed to all affected producers. Governing state laws are available in various public access points, including government websites.”

“The process has not changed from the prior year.”