Iowa Donor Network

“The idn chief executive officer provides the draft form 990 to the board of directors for discussion during its next meeting or conference call. Members of the the board of directors review all information provided in the form 990 and make any recommendations for changes to the chief executive officer.”

“Each director, officer, key employee, board committee member, and medical advisory committee member annually signs a statement, which affirms such person: (a) has received a copy of the conflicts of interest policy. (b) has read and understands the policy (c) has agreed to comply with the policy, and (d) understands that idn is charitable and in order to maintain its federal tax exemption it must engage primarily in activities that accomplish one or more of its tax-exempt purposes. Declaration of conflict added to all board/committee agendas.”

“Idn uses an external company that provides two sources of data including comparable 990s of like-size opos and their own database of non-profit organizations to determine market compensation. The market is surveyed every two years for staff wages and three years for executives to evaluate existing wage and salary ranges to maintain the overall integrity and competitiveness of our market based system. Established wage and salary ranges are reviewed with assistance from an outside compensation specialist. Salary increases are not granted automatically, but only as a result of demonstrated performance, documented by a job-related performance appraisal. The board annually approves the performance review of the chief executive officer and establishes compensation based on recommendations of the executive committee and board chair. For officers or key employees, the board approves appropriate compensation and benefit policies and practices. Documentation regarding the compensation arrangement is maintained by the director of business services. Periodic reviews are conducted and at a minimum include the following subjects:(a) whether compensation arrangements and benefits are reasonable, and the result of arms length bargaining,(b) whether compensaton arrangements and all payments for services conform to idn policies, are properly recorded, reflect reasonable investment or payments for goods and services, further idn charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request for the same period of disclosure as set forth in section 6104(d).”

“Change in interest in net assets of allosource 492,801.”