Foundation for Rural Service

“An executive committee may be appointed by the foundation's board of directors with the authority to manage the affairs of the foundation between meetings of the board. If appointed, the executive committee is comprised of the foundation's officers.”

“The foundation's board of directors consists of fifteen directors including the officers, all appointed by the national telecommunications cooperative association (ntca) board: region directors - one director from each of the six ntca regions. Region directors shall be ilec members. At-large directors - four at-large directors who are ilec members all appointed by the ntca board of directors. Associate directors - five at-large director seats specifically designated for associate members of ntca. Ex-officio - the foundation manager, the executive director, and an ntca board liaison serve ex-officio as nonvoting members of the board.”

“The board does not review the form 990 prior to filing. A copy of the form 990 is reviewed by the foundation manager with the assistance of the chief executive officer, chief financial officer, and director of finance of national telecommunications cooperative association prior to filing. After approval, it is signed by the foundation manager.”

“The foundation's conflict of interest policy applies to all members of the board of directors and any other person who may regularly exercise general authority to make administrative or policy decisions on behalf of the foundation, including the manager and executive director. When a person becomes aware of an actual or potential conflict, they disclose all relevant information to the board chair or vice chair, remove themselves from all discussions of the matter, and remove themselves from all votes on the matter. The board may vote to enter the transaction if it determines that the transaction is in the foundation's best interest. All relevant information is documented in the meeting minutes. If a person violates the foundation's conflict of interest policy, they inform the board chair and the foundation's general counsel, who take appropriate action.”

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

“The compensated officers listed in form 990, part vii were compensated through national telecommunications cooperative association. The hours per week indicated in form 990, part vii for these officers are for national telecommunications cooperative association and its related entities and trust.”