Reach for Resources Inc

“The organization did not have any committees with the authority to act on behalf of the governing body.”

“The finance & strategy committee reviews the 990 with our auditors, asks any questions, and makes sure that the 990 is accurate and complete. Then, the 990 is provided to our board members for review and a vote to approve is done at a board meeting. Once approved, the 990 is signed and provided to the irs, state of minnesota, and shared on our website.”

“The organization's conflict of interest policy covers any board member, key employee, or member of a committee with governing board delegated powers. An interested person must disclose the existence of a potential conflict of interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members decide if a conflict of interest exists. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee determines by a majority vote of the disinterested directors whether the transaction or arrangement is in the organization's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it make its decision as to whether to enter into the transaction or arrangement. All proceedings are documented in the meeting minutes or as otherwise appropriate.”

“The executive committee of the board (along with the chair of talent development committee) to determine the compensation of the executive director, using appropriate comparability data. The committee brought their recommendation to the full board for approval. This amount was then emailed to our director of finance. The most recent year this was completed was 2024. The executive director reviewed salaries within the organization and compared them with similar positions in the state of minnesota by using the minnesota council of nonprofit salary analysis and brought this information to the board for annual increases. Throughout the year, the executive director keeps a pulse on salaries for similar positions within the organization to make sure we are at least in mid-range. This usually occurs at least once per year. The process described here was last completed in 2024.”

“The organization makes its governing documents and financial statements available to the public on its website. The organization does not make its conflict of interest policy available to the public.”