Minnesota Propane Education Promotion and Safety Council Inc

“All management duties are delegated to leider management services, inc. Management company is owned 100% by roger leider, executive director of minnesota propane education promotion and safety council, inc.”

“Form 990 is reviewed at board meeting prior to filing.”

“On an annual basis, each member of the board will be provided a copy of the policy and shall complete a disclosure form. The board will determine if a conflict exists. If a conflict exists the board will determine an appropriate remedy. Such remedy may include, for example, the recusal of the conflicted covered official from participating in certain matters pending before the board or other mnpepsc body.”

“Procedure for approving compensation: in reviewing and approving the compensation of any covered individuals, the mnpepsc board of directors, or a delegated committee of the board (referred to as the "approval body" below), will utilize the following process: 1.impartial decision makers. The compensation arrangement must be approved in advance (before any payment is made) by the approval body of mnpepsc composed entirely of individuals who do not have a conflict of interest with respect to the compensation arrangement (example: neither the executive whose compensation is being determined nor any of his/her family members may be present during the discussion/debate or participate in the vote). 2.comparability data. When the approval body is considering compensation to covered individuals, it must rely on comparability data that demonstrate the fair market value of the compensation in question. For example, when crafting compensation packages, the approval body must secure data that documents compensation levels for similarly qualified individuals in like positions at like organizations. This data may include the following: a)expert compensation studies by independent firms; b)written job offers for positions at similar organizations; c)documented telephone calls about similar positions at both nonprofit and for-profit organizations; and d)information obtained from the irs form 990 filings of similar organizations. 3.concurrent documentation. The approval body must document how it reached its decisions, including the data on which it relied. To qualify as concurrent documentation, written or electronic records of the approval body (such as meeting minutes) must note: a)the terms of the compensation and the date it was approved; b)the members of the approval body who were present during the debate on the compensation that was approved and those who voted on it; c)the comparability data obtained and relied upon and how the data were obtained; and d)any actions taken with respect to consideration of the compensation by anyone who is otherwise a member of the approval body but who had a conflict of interest with respect to the decision on the compensation.”

“SAME AS 15A”

“Will be provided upon request.”