Visit Mount Dora Inc

“Board members receive an electronic copy of the form 990 draft for their review. Comments and questions are addressed before final filing of the form 990.”

“Each board member or officer shall annually sign a statement which affirms such person: (1) has received a copy of the conflicts of interest policy; (2) has read and understands the policy; (3) has agreed to comply with the policy: and (4) understands the organization is a non-profit organization and in order to maintain its federal, and state, tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts and after any discussion with the interested person, he/she may be asked by the board chair (or person chairing the agenda item if the matter pertains to the board chair) to leave the board meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board shall decide if a conflict of interest exists.”

“The board will review compensation levels through competitive process or non-profit market research to determine compensation levels for staff. For directors, officers and other service providers the board will choose the best bid or offer for services which meets the organizations requirements for skills and relevant experience and will generally require a 10% or greater discount on the offered service(s), to help further the charitable purposes of vmd. The board will use the following guidelines to help make its determinations and will follow vmds conflict of interest policy to ensure that disinterested board members assess and take a decision, on the record, for each situation. Board guidelines include: (1) assessing the nature and scope of each type of service (2) assessing the basis for which compensation is paid to directors, officers or other service providers holding such positions including unique background, experience, personal skills, exceptional performance, additional duties and abilities, and challenges facing vmd organization that require the use of such attributes or skills (3) obtaining appropriate and comparable compensation market data including data from similarly situated organizations, both for-profit and tax-exempt, for functionally comparable services, the availability of similar specialties in the geographic area, and independent compensation surveys by nationally recognized independent firms, where available and reasonably priced/acquired.”

“Governing documents are made available upon request.”