Opportunity Matters Inc.

“A copy of the form 990 was reviewed by management, then provided to the board of directors for approval prior to filing. Approval of the form 990 was set as an action item on the agenda. Upon approval, the accounting firm was notified and the final 990 was printed for their signature.”

“Members must avoid conflict of interest with respect to their fiduciary and financial responsibility. A) members are required to disclose annual interests that could give rise to conflict. B) the board will regularly and consistently monitor and enforce compliance with board members' code of conduct by having a standing agenda item regarding any conflict(s) of interest. C) there will be no self-dealing or business by a member with the organization. Members will annually disclose their involvements with other organizations, with vendors, or any associations that might be or might reasonably be seen as being a conflict. D) when the board is to decide upon an issue, about which a member has an unavoidable conflict of interest, that member shall absent herself or himself without comment from not only the vote, but also from the deliberation. E) board members will not use their board position to obtain employment in the organization for themselves, family members, or close associates. Should a board member apply for employment, he or she must first resign from the board. F) the conflict of interest form(s) are reviewed, minimally, once a year and updated as necessary.”

“There is a process the board follows prior to establishing a ceo compensation package. The process was last undertaken in 2014: 1. Compensation survey or study that may include comparison of form 990 of other organizations 2. Approval by the board of directors 3. Written confirmation of agreement. Compensation is determined for other officers or key employees using one or more of the following three sources: 1. The mn council of non-profits salary survey is the primary method to determine or estimate a key employee's wages per position; this is updated yearly and facts are gathered through yearly surveys. 2. A secondary resource or confirmation is the bureau of labor statistics. 3. A third resources for confirmation only would be free on-line salary sites, such as salary.com. 4. The fourth resource to determine compensation is the use of an independent consultant who reviews the job descriptions and data comparisons. This process was last undertaken in 2011. This process includes review of comparability data, and documentation of the decision at the time it was made, but does not include review and approval by independent persons.”

“The governing documents, conflict of interest policy, and financial statements are made available upon request.”

“Va program is new in 2015 and is currently a part of the pathway to opportunities program.”