Northeast Iowa Community-Based

“The Executive Committee of the Foundation includes the four officers and three other members elected by the Board of Directors following each annual meeting. These seven people will have voting rights on the Executive Committee. The President of Northeast Iowa Community College and the Iowa State University Area Extension Education Director for Northeast Iowa shall be ex-officio members of the Executive Committee serving in an advisory capacity, without voting rights. The four officers must be persons from the nineteen elected to the Board of Directors. The other three representatives on the Executive Committee need only be members of the Foundation.”

“There shall be four classes of membership, as follows: (1) Individual Membership shall be open to all interested individuals regardless of residence who have paid the current annual dues of the Corporation. (2) Lifetime Individual Membership shall be open to all interested individuals regardless of residence who have paid the current lifetime dues of the Corporation. (3) Corporate Membership shall be open to all other organizations and business entities who have an interest in the purpose of the Corporation and have paid the current annual dues. Corporate members will have no voting rights in the Corporation. (4) Lifetime Corporate Membership shall be open to all other organizations and business entities who have an interest in the purpose of the Corporation and have paid the current lifetime dues. Corporate members will have no voting rights in the Corporation.”

“The Board of Directors shall be elected by the Members. One Director from Iowa State University Extension and Outreach, one Director from Northeast Iowa Community College, one Director from Northeast Iowa Community College Board of Trustees, one Director from Midwest Dairy or Iowa State Dairy Association and six Directors representing Iowa agriculture groups and organizations will be appointed at the annual meeting each year to the board by those institutions. The remaining five directors will be elected at-large from the membership at the annual meeting.”

“The Form 990 is provided to the Board of Directors for review before it is filed.”

“The Foundation has a conflict of interest policy completed each year by all Board members thus monitoring any potential conflicts. The Board President reviews the statements and follows up on any potential conflicts. Any actual or potential conflict of interest is disclosed to the other members of the Board and made a matter of record in the minutes when the subject of such interest becomes a matter of Board action. When a conflict arises, the Board member is not allowed to vote on the issue and may be excused from the meeting.”

“The Organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“Northeast Iowa Community College provides human resource, administrative, and financial services to the Foundation at no cost. The President and Treasurer provide all administrative and financial oversight.”