Austin Aspires Inc.

“Business relationships: sheri dankert, board treasurer, is the assistant secretary/treasurer of the hormel foundation. Shelley king, board president, is also on the board of directors for the hormel foundation.”

“The organization does not have any committees that have authority to act on behalf of the governing body.”

“The completed 990 will be shared with the board electronically in advance of the meeting. Board members will be encouraged to ask any questions they may have. It will be further discussed and approved at a board meeting.”

“The conflict of interest policy covers directors, officers, employees, and volunteers of austin aspires. Prior to board or committee action on a contract or transaction involving a conflict of interest, a director or committee member having a conflict of interest and who is in attendance at the meeting shall disclose all facts material to the conflict of interest. Such disclosure shall be reflected in the minutes of the meeting. If board members are aware that staff or other volunteers have a conflict of interest, relevant facts should be disclosed by the board member or by the interested person him/herself if invited to the board meeting as a guest for purposes of disclosure. A person who has a conflict of interest shall not participate in or be permitted to hear the board's or committee's discussion of the matter except to disclose material facts and to respond to questions. Such person shall not attempt to exert his or her personal influence with respect to the matter, either at or outside the meeting. This policy shall be reviewed annually by each member of the board of directors. Any changes to the policy shall be communicated to all staff and volunteers.”

“The salary of the executive director is approved by the board of directors after reviewing salaries of similar positions. Data from the mn council of nonprofits salary survey and workforce development center are utilized to review the salaries of similar positions in our geographic region. This information is used along with ed evaluation results to determine salary change for upcoming year. The discussion happens in a closed session with the board members only present. The process is documented in the board minutes. The final salary adjustment is reviewed and approved as part of the budget process for the upcoming fiscal year. It was last completed in 2023.”

“Governing documents are available upon reasonable request.”

“Contracted services: program service expenses 50,572. Management and general expenses 23,105. Fundraising expenses 0. Total expenses 73,677. Instruction fees: program service expenses 60,878. Management and general expenses 0. Fundraising expenses 0. Total expenses 60,878.”