Smart Growth Greater Madison Inc

“Bylaws were amended to update board president terms to state that the president will not serve consecutive terms and allow the board of directors to re-elect a president. Membership was updated to state that new principal members must be approved by the board of directors and that the organization will not announce a new member without prior permission from the new member to make the announcement.”

“Members are categorized as principal, nonprofit developer, community partner or associate members. A) principal members are companies that currently are developing or redeveloping real estate or have done so in the past and own, directly or through affiliated organizations, a substantial portfolio of buildings or land. B) nonprofit developer members are organizations that would be classified as principal members except that they do not operate for profit. No more than two nonprofit developers may be members at any time. This membership classification will cease to exist on december 31, 2025, and all references to this membership classification will be removed from these bylaws. See the appendix to these bylaws for the reasons for the limitations on the nonprofit developer members. C) community partner members are organizations that play a prominent role in the greater madison area economy in addition to having employees who have direct or indirect roles in real estate development or construction but do not qualify as principal members. D) associate members are any other organizations which have employees who have direct or indirect roles in real estate development or construction. All members are entitled to one vote on each matter submitted to a vote of the members. Organizations shall be considered one member with one vote for such voting purposes.”

“Board seats are awarded to a member company. A majority of the directors must be principal members. Up to 49% of the directors may be comprised of community partner and/or associate members. Nonprofit developer members may serve as non-voting directors. Each company with a seat on the board may assign one primary person to vote on the company's behalf. Election of directors takes place at the annual meeting by majority vote of the directors present at the meeting.”

“The board of directors may dissolve the organization with a 75% majority vote of the entire membership including developer, community partner and associate members.”

“The prepared form 990 is reviewed and approved by the executive director before the return is filed with the irs.”

“The organization makes its governing documents and financial statements available to the public upon request. The organization does not have a conflict of interest policy.”