Iowa Propane Education and Research

“Administrative services are provided to the organization by iowa propane gas association. See schedules i and r.”

“The sole member of the corporation shall be the iowa propane gas association.”

“The form 990 is presented to the board for review before it is filed.”

“The conflict of interest policy is signed by board members when they take their position on the board and reviewed annually for any changes. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, the interested person shall leave the board of directors or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. The chair or committee chair shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the board of directors or committee shall determine whether the council can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the board of directors or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the best interest of the council, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement.”

“The governing documents, conflict of interest policy and financial statements are available to the public at the organization's office. These documents are available for the same period of time as described in internal revenue code section 6104(d) for other public disclosure documents.”