Wacosa

“Wacosa has both an executive committee and a finance committee. Both committees are composed of board members, executive director and director of finance (finance committee only). The finance committee makes recommendations to the board on various financial information but the board of directors will make a motion to either accept or deny the recommendation. The finance committee does not make any decisions without the board's approval.”

“The complete return was presented to the finance committee who reviewed the completed return. Once the finance committee approved the return, it was presented to the full board for acceptance.”

“Per mn statute sec 317a.255, governing conflicts of interests for directors of nonprofit corporations, wacosa has a conflicts of interest disclosure policy. This policy is reviewed annually and acknowledged via signature by all those regularly participating in board meetings; including board members, administrative team members, and the fund development and sales & marketing manager positions. A conflict is defined as an outside interest/transaction of a financial gain among staff/board/their families/their businesses, outside activity competing with wacosa service offerings, and/or acceptance of gifts/gratuities/entertainment of significant value in exchange for service(s) on behalf of wacosa. Conflicts shall be disclosed and participants shall excuse themselves from voting or making decisions to enter into any such transaction on behalf of wacosa.”

“On an annual basis the board of directors conducts a job review of the executive director and at that time any raises are discussed by the board and approved by the board of directors. A wage survey was conducted by the director of human resources and adjustments were made to all pay scales appropriately. This process was last conducted in 2014.”

“The organization makes its governing documents and financial statements available to the public upon request.”