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.”

“The form 990 is prepared by the organization's public accounting firm based on information provided by the organization. Once the draft is available, it is provided to management for their review with any comments or corrections being incorporated into the filing. The finance committee then reviews the form 990 in conjunction with the foundation's audited financial statements making comparisons for consistency and accuracy. A complete copy of the 990 is then provided to all members of the governing body before it is filed.”

“The bakken annually asks all trustees and key employees to complete a conflict of interest form. Conflicts are reviewed by the president & ceo 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 president & ceo, 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 president & ceo. 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 president & ceo 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 2019.”

“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.”

“Program consulting services: program service expenses 240,574. Management and general expenses 2,321. Fundraising expenses 36,934. Total expenses 279,829. Payroll fees: program service expenses 7,834. Management and general expenses 974. Fundraising expenses 927. Total expenses 9,735. Mis consulting : program service expenses 13,844. Management and general expenses 1,691. Fundraising expenses 1,608. Total expenses 17,143.”