Walker Basin Conservancy

“Form 990, part vi, line 6 & 7 wbc has one class of members, described as voting members. The initial member was approved by the governing body. Additional members are admitted by affirmative vote of a majority of the existing members. Currently, nfwf is the sole member to wbc. Wbc member rights include election of directors to the governing body (board of directors), elected by a majority of the members annually or as vacancies arise. Additionally, members shall be entitled to vote on all matters submitted to a vote of the membership. No part of the profits, excess dues, or net assets inure to the benefit of, nor can be distributed to, its membership, officers, directors, or other private persons upon dissolution.”

“Form 990, part vi, line 11b the form 990 is prepared by an independent accounting firm. Management reviews a copy of the form 990 before it is provided to the board of directors. This review is conducted prior to filing the return with the irs.”

“Form 990, part vi, line 12c all members of the board of directors and officers must sign an annual statement related to the organization's written conflict of interest policy. If a person discloses a potential conflict of interest, the remaining disinterested members of the governing body will determine if an actual conflict exists. In the event of an actual or perceived conflict, the conflicted individual is precluded from participating in any discussions or decisions related to the transaction.”

“Form 990, part vi, lines 15a & 15b all officers and members of the board of directors that show reportable compensation in part vii, section a are compensated by a related organization, national fish and wildlife foundation. National fish and wildlife foundation and wbc have processes in place to assure that all compensation paid is reasonable.”

“Form 990, part vi, line 19 the governing documents, conflict of interest policy, and financial statements are available to the public upon request.”