Dakota Resources

“The executive committee shall consist of the officers and shall have and exercise the authority of the board of directors in the management of the corporation in intervals between scheduled regular meetings of the board, subject to the subsequent approval of its actions by the board. In the event the board has specifically authorized the committee to act with respect to a specific matter, no such subsequent approval shall be required. The committee's authority shall be limited with respect to certain matters as set forth within the special functions of the executive committee policy.”

“In september 2023, dakota resources was the target of an email breach. The breach allowed an unauthorized individual to generate a fictitious bank wire form and divert funds of approximately $850,000. The wire fraud was identified by dakota resources within a few days and the authorities were notified. An investigation was performed, and dakota resources was able to recoup a portion of the funds. The remaining portion of $134,673 was not recovered and is recorded as an unusual and infrequent loss in the december 31, 2023 statement of activities.”

“Management reviews and approves a draft of the form 990. A final version of the management approved draft is made available to board members through the organization's website and via e-mail. Board members are encouraged to review the 990 prior to filing the return with the irs.”

“Every director and staff of dakota resources is expected to avoid situations that might be construed as a conflict of interest. All board and committee meetings begin with the chair asking all members to disclose any potential conflicts of interest based on the agenda for the meeting. If there are conflicts, the conflict is recorded in the minutes and that board member abstains from any action around that item. This too is recorded in the minutes of the meeting. Additionally, all board members sign an acknowledgement form that they have read and understand the conflict of interest policy.”

“The executive committee conducts an annual review with the president to create a recommendation. Their recommendation based on the performance review is given to the board of directors. Compensation is determined by the board of directors. This process is completed annually in their fourth quarter meeting.”

“All documents are available upon request.”

“For program b, ruralx was put on hold for 2023. We are currently in the process of revamping this portion of program b.”

“Unusual and infrequent loss -134,673.”