Land Stewardship Project

“Voting members are the board of directors. Lsp also has non-voting members.”

“Lsp gives the audit firm the necessary information to prepare the 990. A draft of the 990 is reviewed by management, management reviews the 990 with the board executive committee and then with the full board of directors. The board of directors has final approval of the 990.”

“All payments to interested parties are reviewed by the executive director and accountant, and if necessary by the board chair.”

“The executive committee reviews the executive director's performance and recommends salary increases to the full board. The salary is based on comparison salaries that can be found in the minnesota council of non-profits' "salary and benefits survey". The executive director reviews other key employees and salaries are based on performance and salary guidelines found in the minnesota council of non-profits' "salary and benefits survey". This is also used to update an employee salary schedule used by supervisors.”

“Governing documents are registered with the minnesota secretary of state's office, and are available to the public. Financial statements can be obtained through federal, minnesota state, or dun & bradstreet offices. Conflict of interest policy must be requested from lsp.”

“Lsp's negative change in unrestricted net assets for fy 2014-2015 was authorized by the board of directors for the following purposes: to make strategic investments in a new pilot soil health initiative called for the in the long-range plan; investments and bridge funding for farm beginnings and community-based food systems programs; and to enter into msa contracts as described in note 19 of the audited financial statements.”

“Match savings account grant program - a part of the farm beginnings program where beginning farmers can receive a grant by attending classes and checking in with their mentors in order to fulfill their obligations to receive the grant.”

“Payroll service: program service expenses 3,296. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,296. Professional services: program service expenses 99,519. Management and general expenses 10,077. Fundraising expenses 10,646. Total expenses 120,242. Collaborative organizations' services: program service expenses 203,646. Management and general expenses 0. Fundraising expenses 0. Total expenses 203,646.”

“This process has not changed from prior years.”