The Bakken

“The board of directors may, by unanimous affirmative action of the entire board, designate two or more of its members as an executive committee which, to the extent determined by the resolution of the board, shall have and exercise the authority of the board in the management of the business of the corporation. The executive committee shall act only in the intervals between meetings of the board and shall at all times be subject to the control and direction of the board.”

“Earl bakken and brad bakken - family relationship”

“The bakken's management reviews the form 990. The finance committee and senior staff meet to review and approve the return. The return is then sent to the governing body prior to filing.”

“The bakken annually asks all trustees and key employees to complete a conflict of interest form. Conflicts are reviewed by the executive director with the board governance committee. Trustees or key employees who disclose conflicts are required to refrain from discussing or voting on the particular transaction in which he/she has an interest, or otherwise attempting to exert any influence on the bakken or its components to affect a decision to participate or not participate in such transaction. All proceeding related to conflicts of interest are documented in the meeting minutes.”

“The personnel committee of the bakken board of directors evaluates the performance of the executive director, and considers that in relation to at least two salary surveys, including the most recent mn council of nonprofits salary and benefits survey, in determining compensation for the executive director. The committtee makes a recommendation to the full board and the action is documented in the minutes. The process was last undertaken in 2018. The executive director evaluates the performance of the director of finance and administration and determines compensation within the salary range for the position, which is established by human resources staff or a consultant. All staff compensation is approved by the board as part of the organization's budget process. The process was last undertaken in 2017.”

“The organization's financial statements are available to the public through the use of their website. The organization's governing documents and conflict of interest policy are not available to the public.”

“The 2017 990 was amended for the following reasons: 1. Schedule a was updated to reflect an accurate composition of public support. The public support % should have been 34.99% rather than 31.45%. In addition, the private foundation box was incorrectly checked on the original 2017 filed 990. 2. Schedule b was updated to include an additional contributor. 3. Schedule d reconciliation was updated due to the additional contribution in part viii. 4. Part viii line 1 revenue was updated to reflect a trust contrtribution. 5. Part xi line 9 was updated to reflect the trust contribution being included in revenue.”