National Ffa Foundation Inc.

“Significant changes to the by-laws during the year, the following changes were made to the organization's by-laws. First, the position of past chair was added to the officers. The duties for the past chair were also outlined in article vi, section 7. Second, the amendment replaces the sponsors board second vice chair-elect with either an individual giving council past chair or the individual giving council chair-elect. The individual giving council will designate whether a past chair or chair-elect shall serve on the board of trustees as a representative, subject to ratification by the board of trustees.”

“Review of form 990 the audited financial statements are used to prepare the form 990 and the board of trustees approved the financial statements prior to completing the form 990. The internally completed form 990 is reviewed by several individuals, including national ffa foundation controller and executive director, prior to being sent to the national ffa foundation's independent audit firm for final review and filing. The final version of the 990 will be emailed to each board member prior to filing.”

“Conflict of interest policy the national ffa foundation, inc. Board of trustees, staff members and/or their close relatives who have a financial interest in any third party that conducts or proposes to do business with the organization notify annually the president of the board of trustees and the executive director. The president of the board of trustees and the executive director will assess whether adequate safeguards are in place against a conflict of interest.”

“Process to determine executive director & officer compensation the national ffa organization's human resource manager on behalf of the national ffa foundation, inc. Utilizes an outside compensation consultant, that uses the hr dimensions provided by the national ffa foundation, inc. And they pull market data for both nfp and for profits in the leveling of all positions. The executive committee of the board of trustees with the help of the human resource department reviews the appropriateness of the salary.”

“Availability of governing documents, conflict of interest policy, & fs the national ffa foundation, inc. Does make its governing documents, conflict of interest policy, and financial statements available to the public through its web site www.ffa.org and upon request.”

“Employees paid by the national ffa organization all foundation employees are paid by the national ffa organization fein 54-0524844 and the national ffa foundation, inc. Reimburses the national ffa organization 100% for employees that only do work for the foundation. This included robert k. Cooper, jennifer schuessler, and molly ball.”