Florida Policy Institute Inc.

“The bylaws were updated to allow an officer's term as director to end before their three year term as an officer, the board can now vote to extend their term as director to match their term as an officer. It now allows "temporary vacancies" for directors that may need to go on a temporary leave from the board under special circumstances.”

“The form 990 is provided to the board before filing the form 990 with the irs. Each board member is asked to acknowledge receipt of the form 990.”

“Each director, principal officer and member of a committee with board delegated powers shall annually sign a statement which affirms such person: has received a copy of the conflict of interest policy, has read and understands the policy, has agreed to comply with the policy, and understands fpi is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. Each voting member of the board shall annually sign a statement which declares whether such person is an independent director. If at any time during the year, the information in the annual statement changes materially, the director shall disclose such changes and revise the annual disclosure form. The executive committee shall regularly and consistently monitor and enforce compliance with this policy by reviewing annual statements and taking such other actions as are necessary for effective oversight. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the board or executive committee. Any director may recuse himself or herself at any time from involvement in any decision or discussion in which the director believes he or she has or may have a conflict of interest, without going through the process for determining whether a conflict of interest exists. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the board or executive committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or executive committee members shall decide if a conflict of interest exists. An interested person may make a presentation at the board or executive committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. The chairperson of the board or executive committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the board or executive committee shall determine whether fpi can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the board or executive committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in fpi's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination, it shall make its decision as to whether to enter into the transaction or arrangement. The minutes of the board and all committees with board delegated powers shall contain: the names of the persons who disclosed or otherwise were found to have a financial interest in connection with an actual or possible conflict of interest, the nature of the financial interest, any action taken to determine whether a conflict of interest was present, and the board's or executive committee's decision as to whether a conflict of interest in fact existed; the names of the persons who were present for discussions and votes relating to the transaction or arrangement, the content of the discussion, including any alternatives to the proposed transaction or arrangement, and a record of any votes taken in connection with the proceedings.”

“The board of directors relies on a salary survey conducted by the state priorities partnership, the national network to which the institute belongs, when determining compensation for the executive director. The board approves this compensation in advance, and documents the basis for its determination of compensation. The process described here was last completed in 2022.”

“The governing documents, conflict of interest policy and financial statements are available upon request.”

“A state where everyone has equitable access to health care education, housing and jobs with no barriers based on race or ethnicity. Fpi advocates for policies shape a more equitable future for all floridians. We accomplish this through five key strategies: 1. Conducting high quality, credible research on the state's most pressing issues; 2. Analyzing public policy proposals and developing policy recommendations; 3. Strategically communicating our research and advocacy to educate policymakers, the media, and the public; 4. Working in concert with partner organizations through strategic partnerships and coalition building; and 5. Advocating for smart public polices that reduce barriers to economic opportunity and improve economic security for individuals, families, communities, and florida as a whole.”