Disabled American Veterans of Minnesota Foundation Inc

“The board of directors, by resolution adopted by a majority of the directors, may designate one or more committees, each of which shall consist of two or more directors. Additional disabled american veterans department of minnesota members in good standing can also be appointed by the chair to serve on committees as advisors/non-voting members. These committees, to the extent provided in such resolution, shall have and exercise the authority of the board of directors in the management of the foundation, but the designation of such committees and the delegation thereto of authority shall not operate to relieve the board of directors, or any individual director, of any responsibility imposed on it or him by law.”

“The foundation's members are members of the disabled american veterans department of minnesota (the department).”

“The affairs of the foundation shall be managed by its board of directors. The board shall consist of seven (7) directors. To serve as a director, one must be a current davmn member. In nominating and selecting a director, the davmn executive director and remaining directors may consider the individual's past involvement at the chapter or department level. Each director shall hold office for a term of three (3) years or until a successor is duly elected. Directors shall not serve more than two full consecutive terms. The department treasurer and department sr. Vice commander elected to the department executive board are appointed annually to the foundation board of directors. Each remaining director shall serve a three (3) year term. The department commander, foundation executive director, and department adjutant, shall serve as ex-officio advisors and shall not vote. Each year, the board of directors shall make a recommendation for the expiring director(s) replacement/reappointment with the approval of the department executive committee, so long as that appointee is a member in good standing of the disabled american veterans department of minnesota.”

“Amendments to the foundation's bylaws are not effective until adopted by a two-thirds vote of the foundation's board of directors and approved by the disabled american veterans department of minnesota's executive committee and the national judge advocate.”

“The form 990 is prepared by an independent public accounting firm using information provided by the organization. When a draft is ready, the form 990 is reviewed by the department treasurer and adjutant and forwarded to the finance committee for final review.”

“Officers, directors, and key employees are required to disclose annually, in writing, any potentially conflicting relationships or transactions. The board and key employees address any conflicts of interest as they arise at the board level. Should a conflict present itself, board members with a conflict will abstain from voting. Every year, the board of directors review and sign the conflict of interest policy.”

“The executive director is the only paid position on the board. The board of directors provides a review of the executive director to the adjutant, stephen whitehead. Compensation is then determined and approved by the executive board. Salary information is compared by reports from the minnesota council on foundations and the minnesota council of non-profits. The process described here was last completed in 2025.”

“The foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”