Yellowstone Forever

“Yellowstone forever's board of directors made several updates to the organization's bylaws during fy2017. The updates were part of a general post-merger effort to capture and clarify the organization's governance after having a year to become fully operational as a new organization. Updates included, e.g., additional clarity around term limits; the number of regular meetings and notice requirements for those and special meetings; the timing of annual elections; officer positions and their roles and responsibilities; resignation procedures; and delegated authority, consistent with board policies; the listing of standing governing committees; and other related updates.”

“Yellowstone forever works closely with an outside accounting firm, in-house general counsel and members of senior management to review the final draft of the return prior to its submission to the irs. After staff do an initial review of the draft, the finance and audit committee is responsible for reviewing it. Then a complete copy of the final return is provided to the full board of directors for review prior to yellowstone forever filing the return with the irs.”

“Board members, committee members, and key staff make annual conflict of interest disclosures in order to identify and manage conflicts of interest when they arise. If a conflict of interest is present, before the board or committee takes an action, a director, committee member, or key staff 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 to the meeting. Should a conflict of interest be raised, the board or committee will review the conflict of interest policy and take necessary steps, including recusing the board member, committee member, or key staff, prior to discussion and voting on the agenda item.”

“Annually the board of directors reviews comparable data for the compensation of the president and ceo. The executive committee of the board of directors sets the annual compensation and any bonuses the president and ceo may receive. The president and ceo determines annual compensation and any bonuses paid to employees. This compensation is benchmarked against an outside firm, payscale's, compensation data.”

“The organization's governing documents, conflict of interest policy, and financial statements are available for public inspection upon request. In addition, the annual audited financial statements, form 990 and annual report are published on the organization's website.”

“Taxpayer name: yellowstone forever taxpayer address: 222 east main street, suite 301, bozeman, mt 59715 taxpayer id number: 47-5427975 year-end: february 28, 2018 under irc regulation section 1.263(a)-1(f), the taxpayer hereby elects to apply the de minimis safe harbor election.”

“Taxpayer name: yellowstone forever taxpayer address: 222 east main street, suite 301, bozeman, mt 59715 taxpayer id number: 47-5427975 year-end: february 28, 2018 under irc regulation section 1.263(a)-3(n), the taxpayer hereby elects to capitalize repair and maintenance costs.”