Bluegrass Land Conservancy Inc.

“Dell hancock and lynn hancock have a family relationship.”

“The form 990 was provided to the governing board before filing. The executive director and treasurer/finance and investment committee chair review the form 990 after preparation by independent fully compensated professionals, before providing to the governing board, and before filing.”

“The organization's conflict of interest policy requires periodic reviews, which may include outside advisors, in addition to annually signed and submitted statements. Members of the board and staff have a duty to disclose the existence of their financial interests and be given the opportunity to disclose all material facts to the directors and members of the executive committee considering the proposed transaction or arrangement. After disclosure of a financial interest in proposed transactions, board members without a potential conflict of interest decide whether to proceed with the proposed transaction. The governing board or committee determines by a majority vote of the disinterested directors whether the arrangement is in the organization's best interest, taking into account whether a more advantageous transaction or arrangement is reasonably possible under circumstances not producing a conflict of interest. If the governing board or committee has reasonable cause to believe a board or staff member has failed to disclose actual or possible conflicts of interest, it shall inform the board or staff member of the basis for such belief and afford that person an opportunity to explain the alleged failure to disclose. If the governing board or committee then determines the board or staff member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action. The organization's conflict of interest policy covers board members, staff members, any person identified by a member of the board as having the ability to influence decisions of the organization, committee members who are not board members, former board members, parties related to the above, and those with access to information not available to the public.”

“A quorum of the board of directors reviews the executive director's compensation annually, and approves, when applicable, any changes. Comparability data is used and the process is documented. There are no other officers or key employees, as defined in the form 990 instructions, who receive compensation.”

“The organization's articles of incorporation and other governing documents are available online at the kentucky secretary of state website or available by request. The articles of incorporation are also filed and available for public inspection through the fayette county, kentucky clerk. Its conflict of interest policy and independently audited financial statements are available by request.”

“The executive committee may approve conservation easements from time to time (as authorized to do under the organization's bylaws). When the executive committee does approve conservation easements, their approval must be ratified by a majority (of a quorum) of the board of directors.”

“The process has not changed from prior year. The organization's finance & investment committee assumes responsibility for oversight of annual financial review or audit and tax reporting services by an independent accountant. The committee makes an annual recommendation to a quorum of the full board for approval of both the selection of an independent accountant and the review or audit.”