Farm Commons Inc

“The board of directors is provided with a draft copy of the complete form 990 package to review prior to submission of the package to the irs”

“Farm commons' conflict of interest policy covers all directors and employees. Any director or employee is considered an interested person. In connection with any actual or possible conflict of interest, the interested person must disclose all material facts to the governing body. The interested person cannot be present at the meeting while the determination of a conflict of interest is discussed and voted upon. If a conflict that may affect the daily or long-term operations of the organization is identified, either the conflict is removed or the person does not participate in the decision making regarding the area of conflict. To ensure the organization operates in a manner consistent with charitable purposes and does not jeopardize its tax-exempt status, each director and employee must annually affirm that the individual has received a copy of the conflict of interest policy, has read and understands the policy, and has agreed to comply with the policy.”

“Annually, the board of director's compensation committee reviews the performance of the executive director through a formal assessment of goals aheived. The data on executive director compensation is sought from the minnesota council of nonprofits and compared to the executive director's salary. The above are considered alongside cost of living increases, any benefit adjustments to create a final compensation recommendation which is passed to the full board for approval in the budget process.”

“Upon request made to farm commons either by phone or email, contact information found at our website.”

“Other fees: program service expenses 41,882. Management and general expenses 0. Fundraising expenses 0. Total expenses 41,882.”