Financial Executives International

“Form 990, Part V, Line 6b The membership application process is handled by FEI national for all chapters. The filing organization does not control the membership application process or documentation. Members or stockholders Form 990, Part VI, Line 7A FINANCIAL EXECUTIVES INTERNATIONAL, TWIN CITIES CHAPTER, INC. ("FEI-TC") Members include company chief financial officers, controllers, treasurers, tax executives, internal audit leaders, risk management executives and others including select members of academia and government. The twin cities chapter is one of the largest and most successful chapters in FEI, and our 381 members represent a board cross-section of industries including for-profit and non-profit companies, academia and government. Form 990 Review PROCESS Form 990, Part VI, Line 11b The Form 990 is prepared by an independent accounting firm and reviewed by the treasurer of the board. A copy is made available to all members of the governing body prior to filing.”

“Form 990, Part VI, SECTION B, LINE 12C The conflict of interest policy governs conflicts of interest involving 1) members of the Board of Directors and committees empowered to act on behalf of the board of directors of financial executives international twin cities chapter (fei-tc), and 2) employees or independent contractors engaged by FEI-TC. Each officer and director shall complete a conflict of interest disclosure form annually; however, such annual disclosures shall be supplemented promptly by additonal written disclosures as required. Possible actions that may be taken by the body or person reviewing the conflict of interest include, but are not limited to: prohibiting consideration of a proposal for providing products or services; permitting consideration of a proposal for providing products or services, but only as one of several competing proposals; determining, after exercising due diligence and seeking input from the appropriate FEI-TC committee, whether the proposal related to the officer and director is the most advantageous transaction or arrangement for FEI-TC and, if so, whether it is fair and reasonable and in the best interest of the organization; requesting all necessary actions to eliminate the conflict of interest; determining that the officer or director may not participate in discussion or determination of the matter to which the conflict of interest relates; and requesting the resignation of the officer or director from the positon with FEI-TC. If the FEI-TC President and CEO, the FEI-TC Executive Committee, or the FEI-TC Board of Direcotrs has reasonable cause to believe that an officer or director has failed to make a disclosure required by this Policy, the officer or director shall be informed of the basis for such belief and shall be afforded an opportunity to explain the alleged failure to disclose. If, after hearing the officer or director's response and making any further investigaion warranted by the circumstances, the appropriate body determines that the officer or director has failed to disclose an actual or potential conflict of interest, appropriate disciplinary and corrective action, up to and including removal from an FEI-TC office or staff position and expulsion from FEI-TC, shall be taken.”

“Form 990, Part VI, SECTION C, Line 19 THE ORGANIZATION MAKES IT'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST.”

“Form 990, Part VIII, Line 1f Sponsorship revenue is included in the amount reported on Line 1f. Management has determined that the contributors received a de minimis benefit rather than a substantial return benefit in exchange for their payment and as such, all sponsorship revenue is being reported as contribution revenue.”