Asian Economic Development Association

“Each board member receives a copy of the form 990. It is reviewed at a full board meeting and approved if there are no questions or concerns. If there are questions, the executive director is in contact with the accountant who prepared the form 990 to resolve those questions before the next scheduled board meeting.”

“Conflict of interest policy is reviewed annually by the board and each member discloses any conflicts of interest that may exist. This is also done with new members of the board as part of their orientation.”

“The board of directors annually, and at the time of hire, determines the compensation for the executive director based on salary data researched and published by the minnesota council of nonprofits. The executive director annually, and at the time of hire, determines compensation for key employees based on salary data researched and published by the minnesota council of nonprofits. The board of directors reviews the salaries.”

“Governance documents, conflict of interest policy, and financial statements were made available to the public upon request. The organization keeps regular office hours and is easily contacted by phone or email for such requests.”

“Payroll fees: program service expenses 1,825. Management and general expenses 251. Fundraising expenses 49. Total expenses 2,125. Artist consultants: program service expenses 55,494. Management and general expenses 7,617. Fundraising expenses 1,483. Total expenses 64,594. Contract service: program service expenses 111,088. Management and general expenses 15,248. Fundraising expenses 2,968. Total expenses 129,304. Consultants and professional serv: program service expenses 199,249. Management and general expenses 27,350. Fundraising expenses 5,324. Total expenses 231,923.”