River Fields Inc.

“The 990 is prepared by the organization's accounting firm from information provided by the executive director. Once the form 990 is prepared it is reviewed in detail by the treasurer and the executive director. A copy of the form 990 is provided to the governing body prior to its filing.”

“The board of trustees reviews annually and discusses the conflict of interest policy. Each trustee is required to sign the policy annually and submit it to the governance committee chairman. Additionally, this policy is discussed in governance committee meetings. If a trustee knows of a conflict, this conflict is brought to the attention of the chairman, executive director and governance chairman. At that time the trustee is advised concerning appropriate actions, the conflict is discussed specifically at the governance committee and if necessary, at the board level. It has been regular practice for trustees to be required to both write letters stating their conflict and to leave the room, and certainly not to vote if the subject of the conflict is discussed or if there is a vote concerning the issue.”

“The executive director's salary was established based on a board review by an independent professional salary and benefits firm which used national comparability data and contemporaneous substantiation of the deliberation and the decision. The only changes in salary since that process has been an increase in some years, not in all years, based on only cost of living adjustments. No other directors, officers, or key employees are paid.”

“The articles are available to anyone from the kentucky secretary of state's office. The original bylaws are similarly available but amended and restated bylaws are not. The organization has no constitution. Its financial statements are not made available to the general public. The conflict of interest policy is made available upon request. Additionally, the organizations conflict of interest policy is printed in the land trust standards and practices guidebook, an operating manual for land trusts, land trust alliance, washington, d.c.”

“The 990 has been amended to reflect a correction on schedule d, part ii, line 2a, to the number of conservation easements from 25, as originally filed, to 18 the correct amount. A change was also made to schedule d, part v regarding the endowment funds. This change reconciles the current year endowment fund balance of the form 990 to the audited financial statement.”

“Prior period audit adjustment to unrestricted net assets -105,606.”