Homeward Bound Inc

“The board of directors may designate an executive committee composed of the board chair, the vice-board chair, the secretary and the treasurer and any other directors as the board may determine from time to time. The executive committee shall have the authority of the board of directors in the management of the business of the corporation in the interval between meetings of the board of directors, and the executive committee shall at all times be subject to the control and direction of the board of directors.”

“Before form 990 is filed the director of finance and property reviews the form with both the finance committee and the board of directors. We compare the 990 financial information to the audited financial statements and go through all of the non-financial questions.”

“The organization has in place a policy on conflict of interest, as well as a procedure for the implementation. The policy covers members of the homeward bound board of directors, the homeward bound foundation's board of directors, homeward bound employees and volunteers. Those covered are oriented to both policy and procedure in the first month of the commencement of the individual's relationship with homeward bound or the foundation and the orientation is documented. Those covered are asked to disclose in writing whether they have an actual or potential conflict of interest annually, or as they arise. The determination of a conflict and what to do about it are decided in the following manner: 1-the ceo, the director of the affected department and the director of human resources if the disclosure comes from an employee 2-the ceo and the director of development if the disclosure comes from a volunteer 3-the affected board of directors if the disclosure comes from a member of the board or the ceo. If the affected board takes a vote on action, decision will be by majority vote without counting the vote of any interested member, even if the disinterested members are less than a quorum, providing that at least one consenting member is disinterested. A member of one of the boards who is formally considering employment with homeward bound or the foundation will submit a written request for a temporary leave of absence to the secretary indicating the time period of the leave. If a potential conflict arises, those noted above are tasked with reviewing the case and making a decision.”

“Ceo compensation is determined by the executive committee of the board, who evaluates ceo performance based on established goals. Compensation is then based on personal performance, financial performance within the industry, the ceo's performance and geographic compensation comparisons. The ceo's compensation is documented annually in the minutes of the executive committee. Other top management officials compensation is based on the employee's position level within the organization, financial performance within the industry, personal performance and geographic compensation comparisons. The company uses four salary and benefit surveys, including: minnesota council on nonprofits, tcs, eri, robert half. Ceo is responsible for setting wages for key employees with approval from the board of directors. The process described here was last completed in 2025.”

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