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.”

“There are no committees with the authority to act on behalf of the governing body.”

“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.”

“Ffsp established a compensation committee during the year ended june 30, 2019. The following is the language of the compensation committee charter: purpose. The purpose of the compensation committee of the board of directors of florida foundation seed producers is to assist the board with its oversight of the forms and amount of compensation for the executive director. Membership. The compensation committee shall consist of four members. Three members shall be current board members that should include the president of the board of directors, the uf president designee, and one other member. The fourth member shall be a non-board member with knowledge of the organization and insight into appropriate compensation for an executive director serving in this capacity. Meetings. The committee will meet once a year. Authority and responsibilities. The primary responsibility of the compensation committee shall be to set a reasonable salary and benefits package for the executive director that is attractive enough to retain the best possible talent to lead the organization. The compensation committee shall conduct a review of what similarly-sized organizations, in the same geographic location, offer their senior leaders. The compensation committee should report annually to the board of directors and the dean of research a recommendation of a total compensation package. This recommendation should be voted on for approval by the board of directors which has authority for setting compensation and in accordance with uf governance standards for dsos. The dean of research should assist in aligning any recommendations of compensation with the annual performance review of the executive director. The dean of research may also provide any pertinent information related to university of florida raise increases that may be considered within the scope of setting compensation for the executive director.”

“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.”