Channel One Inc.

“The final form 990 was reviewed by the board and finance committee prior to its filing with the irs.”

“The existence of any of the natures of conflicting interests shall be disclosed before any transaction is consummated. It is the continuing responsibility of the board, officers, and management employees to scrutinize their transactions and outside business interests and relationships for potential conflicts and to immediately make such disclosures. Disclosures in the organization are made to the executive director who shall bring the matter to the board. If the executive director has the conflict, disclosure is made to the board chair, which will then bring the matter to the board. Disclosure involving board members are made to the board chair, or if he/she has the conflict, then to the board vice-chair, who will bring the matter to the board. The policy covers all directors and officers, and all employees who can influence the actions of channel one (i.e., making purchasing decisions, management personnel, and anyone who has proprietary information concerning channel one). Determinations of whether a conflict exists are made at the board level. If a conflict exists, the board will determine whether the contemplated transaction may be authorized. Actual conflicts are reviewed at the board level. Persons with a conflict are excluded from the discussion and approval of such transaction.”

“THE ORGANIZATION'S PROCESS TO DETERMINE THE COMPENSATION OF TOP MANAGEMENT OFFICIALS AND OFFICERS INCLUDES A REVIEW OF COMPARABILITY DATA AND SUBSTANTIATION OF THE DELIBERATION AND DECISION. THE PROCESS WAS USED TO DETERMINE THE COMPENSATION OF THE EXECUTIVE DIRECTOR IN 2017 and 2018.”

“The organization's governing documents, conflict of interest policy, and financial statements are available upon request. The annual financial statement is included in an annual report, which is mailed to donors and funding entities.”

“(Continued from Part III) The value of those donations is set per pound nationally on an annual basis; currently it is set at $1.68. When Channel One receives a food donation, our revenue is credited $1.68 per pound. When Channel One distributes food, our expense is charged $1.68 per pound. This year Channel Ones total distributed exceeded the total amount of food received, contributing to a decrease in net assets. This decrease in net assets reflects donated food receipt and distribution, not an actual financial loss.”

“Back Pack Program: Provides food for the weekends to 1077 different students in 23 elementary and middle schools in our communities. During the 2017-18 school year, as well as in the summer months, Channel One, along with help from 19 community groups who help pack the food, distributed 128,102 pounds of food to students in need. Once per week, volunteers pick up food from Channel One food bank, pack the backpacks and then deliver the backpacks filled with food to the schools we serve. The schools then hand out the backpacks to qualified children each Friday. On Mondays, the students return the empty backpacks and we begin to prepare for the following weekend. Program qualification is based on eligibility for free and reduced price lunches as identified by the schools. Mobile Pantry: Delivers food monthly to low-income individuals in six towns in three counties in southeast Minnesota and La Crosse County, Wisconsin. In 2017-2018 the mobile food pantry distributed 465,765 pounds of food to individuals and families in need of food assistance. Green Garden Program: Provides garden plots, water and plowing to income-eligible participants. Food shelf customers benefitted from 116 prepared plots and technical assistance when needed during the fiscal year ended June 30, 2018.”