Edina Education Fund

“The executive committee shall consist of the officers of the board and the ed fund's executive director. The board may appoint additional members of the executive team at any board meeting. The co-chairs of the board shall also be co-chairs of the executive team. The co-chairs shall call meetings of the executive team as needed. A majority of the executive team shall constitute a quorum with decisions made by simple majority. Except for the power to amend the articles of incorporation and the bylaws, both of which require a full vote of the board, the executive team shall have all the powers and authority of the board in the intervals between board meetings and are subject to the direction and control of the board.”

“The form 990 is prepared by an independent public accounting firm using information provided by the organization. The executive director and board treasurer review the form 990 with the accountant who prepared the return. Copies of the form 990 are distributed to the board members prior to filing.”

“The conflict of interest policy covers all directors, principal officers, and members of committees with board-deledgated powers. The board co-chairs monitor activities to ensure compliance with the policy. Should a potential conflict arise, the board or committee members will discuss and vote to decide whether or not a conflict of interest exists. The interested person may not be involved in this discussion or vote. Any conflict of interest proceedings are recorded in the board minutes and include the name of the interested person, the nature of the financial interest, any action taken to determine whether a conflict of interest was present, and the board or committee's decision.”

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