Greater Frogtown Community

“The board of directors of this corporation shall maintain the executive committee as the one standing committee of the corporation. The executive committee is comprised of the officers of the corporation: board president, vice president, treasurer, and secretary. The executive director is a non-voting member. The executive committee is charged with guiding and monitoring the work of the board throughout the year. The executive committee also has the power to take action on behalf of the board as needed between regularly scheduled board meetings. Minutes of the executive committee's action will be provided to the board of directors at its next regular board meeting”

“A copy of the organizations form 990 is made available to each board member for their review. The 990 is reviewed by the gfcdc finance and executive committees prior to filing and is discussed at the following board meeting.”

“Gfcdc's conflict of interest policy applies to all employees, directors, principals, officers, and committee members. A person has financial interest if they have ownership or investment with any entity which gfcdc has a transaction or arrangement, compensation arrangement with gfcdc or with any entity or individual which gfcdc has a transaction or arrangement, or a potential ownership, investment interest, or compensation arrangement with any entity or individual which gfcdc is negotiating a transaction or arrangement. All individuals must sign an annual statement affirming that they have read, understand, and will comply to the policy. The conflict of interest policy is reviewed by the board annually. All interested persons must disclose the nature of any potential conflicts of interest with regard to any transaction, which is reviewed by the board of directors. After disclosing all material facts, they shall leave the board meeting while the determination of a conflict of interest is discussed and voted upon. If a conflict of interest is determined to exist, the board shall decide if entering into such transaction is fair and reasonable to gfcdc and that it is in gfcdc's best interest. Interest persons are removed from participating in such discussions. Results of the deliberations are recorded in the organization's meeting minutes.”

“The organization makes its governing documents, conflict of interest policy and audited financial statements available to the public upon request. All general board meetings, annual reports, and public disclosure copies of prior year form 990s are open to the public.”

“The audit oversight process has not changed from prior year.”