Farm Sanctuary Inc

“The organization does not take minutes at all committee meetings. However, committees report their activities at board meetings and any actions recommended by committees are brought to the full board for a vote.”

“Copies of form 990 are distributed to the full board for review prior to filing.”

“Each member of the board of directors, each officer of the corporation, and each employee of the corporation who is at the director level or above, is required to abide by the corporation's conflicts of interest policy. The policy requires all such covered individuals to disclose all interests, transactions or activities which may pose a conflict of interest. Potential conflicts are investigated by the corporation's audit committee, ceo, and general counsel, and may be assessed by the full board of directors. Any member of the board of directors whose potential conflict of interest is being reviewed by the board is prohibited from being present for, participating in, or otherwise influencing the discussion by the board on such potential conflict of interest and must abstain from any vote relating to the potential conflict of interest. All individuals covered by the conflicts of interest policy must annually affirm, in writing, that they have reviewed the policy, agree to abide by it, and have disclosed any actual or potential conflicts of interest.”

“The ceo's total compensation package including salary, incentive compensation, and all benefits, including any fringe benefits, shall be set upon the ceo's initial hire and determined annually thereafter. In setting the ceo's compensation, the board will require that the executive committee of the board take the following steps: 1. The committee will obtain research and information to make a recommendation to the full board for the total compensation package to be made to the ceo. The committee should consider the following information in preparing its recommendation to the full board: a. Any relevant compensation studies conducted by independent sources, particularly studies regarding non-profit organization's executive compensation programs. If no studies are available, the committee may, in its sole discretion, commission such a study should the committee determine that such a study would be useful to the committee. B. Information concerning executive compensation of other non-profit organizations that may be obtained from the irs form 990 filings of organiations (or other sources) of either (i) similar asset and/or annual revenue size to the corporation, or (ii) similar mission, programs or services that are provided by the corporation. The committee should consider at least 10 such other organizations. C. The committee should evaluate any individual factors that impact compensation recommendations, including for instance, the geographic location where the ceo will work or works and the ceo's total compensation package history and/or concurrent offer. D. For annual reviews of the ceo's total compensation package, the committee should evaluate the ceo's annual performance vis-a-vis goals set by the board for both the organization as a whole and the individual goals set for the ceo. E. Other factors that the committee may deem to be relevant to its recommendation, as long as such factors are reasonable and explained in detail to the board. 2. Upon review of the above-noted factors, the committee shall vote on a proposed total compensation package and, once a majority of the committee has agreed on such a package, the chair of the committee shall prepare a written report to the full board, which shall be presented at the next board meeting for approval. In addition to explaining the basis for its recommendation, the committee report shall provide the following information: a. Copies of any relevant compensation studies relied upon or reviewed by the committee. The report should identify why each such study was reviewed and/or relied upon. B. Copies of the 990's (or other relevant documentation) of the executive compensation packages offered by comparable organizations relied upon or reviewed by the committee. The committee report should also identify the names of the organizations whose executive compensation packages were reviewed and the reasons why each organization was selected as a comparable. C. Copies of the performance evaluation conducted by the committee of the ceo's performance. The report should explain the impact the evaluation had on the compensation recommendation (positive or negative), including the particular goal(s) met or not met that impacted the recommendation. D. For any individual factors evaluated (and other factors as identified in section 1.e above), the report must include a detailed discussion of why and how the factor was evaluated, and provide any documentation relied upon in connection with the consideration of such factor. 3. The board will then vote on the proposed recommendation in the board meeting following the completion of the committee recommendation. Once a majority of the board members then present at such meeting has made a decision concerning the ceo's total compensation package, the board must document how it reached its decisions, including the data on which it relied, in the minutes of the meeting during which the compensation package was approved. This process was last used in s”

“The organization makes its governing documents and conflict of interest policy available to the public upon request. The financial statements are available on the organization's website.”

“Unrealized loss - change in value - charitable gift annuity liabilities -33,816.”