Homeward Bound Foundation

“The sole member of the organization is homeward bound, inc.”

“The board of directors are appointed by the board of directors of homeward bound, inc.”

“Amendments to the articles of incorporation and bylaws must be approved by the sole member, homeward bound, inc.”

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

“Before form 990 is filed the director of finance and property reviews the form with both the finance committee and the board of directors. We compare the 990 financial information to the audited financial statements and go through all of the non-financial questions.”

“The foundation has in place a policy on conflict of interest, as well as a procedure for its implementation. The policy covers members of the homeward bound board of directors, the homeward bound foundation's board of directors, homeward bound employees, and volunteers. Those covered are oriented to both policy and procedure in the first month of the commencement of the individual's relationship with homeward bound or the foundation, and the orientation is documented. Those covered are asked to disclose in writing whether they have an actual or potential conflict of interest annually, or as they arise. The determination of a conflict and what to do about it are decided in the following manner: 1) the ceo, the director of the affected department and the director of human resources if the disclosure comes from an employee; 2) the ceo and the director of development if the disclosure comes from a volunteer; 3) the affected board of directors if the disclosure comes from a member of the board or the ceo. If the affected board takes a vote on action, decision will be by majority vote without counting the vote of any interested member, even if the disinterested members are less than a quorum, providing that at least one consenting member is disinterested. All proceedings are documented in the meeting minutes or as otherwise appropriate. A member of one of the boards who is formally considering employment with homeward bound will submit a written request for a temporary leave of absence to the secretary indicating the time period of the leave. If a potential conflict arises, those noted above are tasked with reviewing the case and making a decision.”

“Board officers do not receive compensation. Other key employees: compensation is based on the employee's position level within the organization, financial performance within the industry, personal performance and geographic compensation comparisons. The company uses four salary and benefit surveys: minnesota council on nonprofits, tcs, eri, robert half.”

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

“The process for oversight and selection of an independent accountant has not changed from the prior year.”