Land Bank Twin Cities Inc

“The executive committee consists of five members from the board of directors who can, when delegated authority by the board, act with the full authority of the board of directors.”

“Land bank twin cities, inc. Provides a copy of the completed form 990 to all members of its finance committee and board of directors prior to its filing with the irs. The finance committee is charged with a full review of the document at one of its regularly scheduled meetings, after which a copy of the completed document is circulated to the full board of directors prior to its submission.”

“The organization's conflict of interest (coi) policy applies to the organization's board of directors, committee members, and employees, who sign coi statements. Coi statements are kept on record, reviewed by president, and available to meeting chairs. Each meeting agenda includes a call for any conflicts of interest. Individuals who may have a coi must disclose all facts material to the coi to the chair or president. Such disclosure including material facts of the coi will be reflected in the minutes. If a coi is determined to exist, an individual who has a coi will not participate in the board's discussion of the matter except to disclose material facts and to respond to questions. Such person must not attempt to exert his or her personal influence with respect to the matter, either at or outside the meeting. The chair or other individual presiding at the meeting will provide an opportunity for the board to discuss the matter without the person who has the coi present. The person known to have the coi may not vote on the contract or transaction.”

“Compensation levels are researched using comparability data including review of peer group non-profit entities via publicly available form 990's. The board approves compensation level for the president including documentation as needed. The board most recently reviewed and approved executive pay in the first quarter of 2024. For other staff compensation, pay levels are based on comparability data and market compensation levels for each position, as compiled by the president and hr consultant. The salary for specific positions is reviewed each time a job posting occurs. The process described here was last completed in 2024.”

“The organization makes its governing documents, conflict of interest policy, financial statement, and the form 990 available to the public upon request.”

“The process for oversight and selection of an independent accountant has not changed from the prior year.”