Florida Foundation Seed Producers Inc.

“Any person, or the duly appointed representative of a firm, partnership, corporation or association engaged in the production of agricultural seeds or nursery stock of improved varieties for planting purpose, agreeing to abide by the bylaws of ffsp may, subject to the approval of the board of directors, become a member upon payment of a membership fee as determined by the board of directors. Regular members of ffsp elect the board of directors and are entitled to vote. Any person, or the duly appointed representative of a firm, partnership, corporation or association who is interested in patronizing the ffsp but who are otherwise not eligible for membership, agreeing to abide by the bylaws of ffsp may, subject to the approval of the board of directors, become an associate member upon payment of an associate membership fee as determined by the board of directors. Associate members of ffsp shall not be entitled to vote or serve as an officer and/or director of ffsp.”

“Members of the board of directors are approved at the annual meeting of the membership.”

“The form 990 is prepared with the assistance of the independent auditor and then reviewed by the executive director and office manager.”

“No director, officer, employee or agent shall have a material personal interest in conflict with the interests of ffsp or be engaged to provide goods or other services to ffsp for remuneration, unless such arrangement is the result of a competitive bidding process or, after disclosure of the conflict, the board of directors or its executive committee approves such arrangement, which approval shall specifically include procedures for addressing the conflict. All conflicts of interest are required to be disclosed in writing. Failure to follow the disclosure or other requirements of this policy shall be grounds for removal and/or disciplinary action against a director, officer, employee, or agent.”

“Governing documents are made available to the public upon request.”

“Florida foundation seed producers, inc. (ffsp), is a not-for-profit corporation and direct support organization of the florida agricultural experiment station (faes), an agricultural and natural resources research program of the university of florida's institute of food and agricultural sciences (uf/ifas). Ffsp was organized for the following purposes: to ensure foundation seed and nursery stocks of the best- known varieties adaptable to the florida climate and soils are available annually to florida farmers and producers in adequate quantities and at reasonable prices. To cooperate with faes in making available new and improved crop seed and nursery stocks by purchase, barter, lease, or gift to florida farmers and producers; to propagate and increase the same through any agency, and particularly by contracting with producers and institutions and to disseminate such increased stocks to its members and others.”

“Insurance proceeds in excess of expenses 550,079”