Mount Carmel Church in Minneapolis Foundation

“The executive committee is comprised of the officers of the board. The executive committee has the powers and authority of the board of directors in the intervals between meetings of the board of directors, except for the power to amend the articles of incorporation and bylaws.”

“The foundation's supported organization, mount carmel lutheran church in minneapolis, has the power to elect the majority of the foundation's board of directors.”

“Board members are furnished a copy of the completed form 990 (and all schedules) prior to a regular meeting of the foundation. Questions can be answered during that meeting prior to filing.”

“The foundation's conflict of interest policy covers interested persons, defined for purposes of this conflicts of interest policy, is any director, officer, or member of a committee with board-delegated powers, who has a direct or indirect financial interest. Each interested person annually signs a statement affirming receipt of the policy, that they understand and agree to comply with the policy, and that they understand the foundation must primarily engage in activities that accomplish one or more of the foundation's tax exempt purposes. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with board-delegated powers considering the proposed transaction or arrangement. After disclosure of all material facts regarding the transaction or arrangement and all details about the interested person's financial interest, the remaining board or committee members shall decide if a conflict of interest exists. The minutes of all actions taken on such matters shall clearly reflect the following: a. The names of the interested person(s) who disclosed or otherwise were found to have a financial interest in connection with an actual or possible conflict of interest, the nature of the financial interest, any action taken to determine whether a conflict of interest was present, and the board's (or committee's) decision as to whether a conflict of interest in fact existed. B. The names of persons who were present for discussions and votes relating to the transaction or arrangement, the content of the discussion, including any alternatives to the proposed transaction or arrangement, and a record of any votes taken in connection with the proceeding. Record who voted in the affirmative, who dissented, and who failed to vote.”

“This foundation includes a report of its annual activities and financial statements in the annual report of its supported organization, mount carmel lutheran church in minneapolis. The foundation makes its governing documents, such as the certificate of incorporation and by-laws readily available upon request from members of mount carmel lutheran church in minneapolis or any member of the general public.”

“Construction fees: program service expenses 0. Management and general expenses 29,349. Fundraising expenses 0. Total expenses 29,349. Communications/musicians: program service expenses 12,400. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,400.”