St Cloud Opportunities Inc

“The executive committee consists of four officers elected by the full board annually; two members appointed by the president for one-year terms; and the immediate past president. The committee has broad authority to conduct routine business, but must seek board action for land purchases or other significant business.”

“The organization has one class of members, consisting of 100 directing members.”

“The directing members elect all of the directors to the board of directors.”

“Prior to being filed, the form 990 was reviewed by the board of directors.”

“Each director, officer and member of a committee with board-delegated powers shall annually sign a statement that affirms that such person: a. Has received a copy of the conflicts of interest policy; b. Has read and understands the conflicts of interest policy; c. Agrees to comply with the conflicts of interest policy; and d. Understands that the corporation is a nonprofit organization and that in order to maintain its nonprofit status no part of the net earnings of the corporation may inure to the private benefit of any individual except for reasonable compensation paid for services rendered. An interested person shall have the duty to disclose the existence of a financial interest and all related material facts to the directors and committee members considering the proposed transactions or arrangement. After disclosure of the financial interest and discussion of all related material facts, the interested person shall leave the board or committee meeting. The remaining board or committee members shall decide if a conflict of interest exists. All proceedings related to conflicts of interest are documented in the meeting minutes.”

“The executive director's compensation was set by the executive committee several years ago and has not changed. At that time, the process included review and approval by independent persons, comparability data, and contemporaneous substantiation. The organization has no other paid officers or key employees.”

“The organization's governing documents and conflict of interest policy are available upon request. The organization's financial statements are not open to the public.”