Reining Horse Foundation Inc

“The sole member of the corporation shall be qualified to vote or furnish any necessary consent, approval, or ratification or take other action on any issue that may properly be presented to the member. Among other things, selection, election, appointment, and removal of members of the board of directors must be submitted to, and receive the approval of, the sole member.”

“The following matters must be submitted to, and receive approval of, the national reining horse association (sole member): 1. Amendment or restatement of the certificate of incorporation or the bylaws; and 2. Merger or consolidation of the corporation with or into any other entity, enterprise, agency, or body; sale of all or substantially all of the assets of the corporation; acquisition of the corporation by any other entity or enterprise; or converting the corporation into any other form of entity. 3. Selection of independent auditors of the corporation; 4. The dissolution, liquidation, or termination of the business of the corporation;5. Any changes in the purpose of the corporation; 6. Any decision to file a voluntary petition under any law involving the adjudication of the corporation as bankrupt or insolvent or taking any action with respect to the reorganization of the corporation.”

“The foundation engages a paid preparer experienced in the preparation of form 990 to prepare the return. A copy of the form 990 is emailed to all board members for their review before it is filed.”

“The conflicts of interest policy is reviewed at the first board of directors meeting each year. At that time, each director has the opportunity to disclose any potential conflict to management. Directors are also reminded to disclose any conflicts that arise during the year during regularly scheduled board meetings.”

“The reining horse foundation does not have any compensated directors, officers, or key employees. As such, no review or approval of the compensation determination process has been required.”

“The executive committee shall consist of up to five officers of the corporation. The executive committee may meet at stated times or on notice to all of its members. During intervals between meetings of the board of directors, the executive committee may generally perform the duties and exercise the authority of the board of directors, except that the executive committee may not (a) adopt, amend, or repeal any provision of the certificate of incorporation or bylaws (b) fill board vacancies, (c) change membership of, or fill vacancies in, the executive committee, (d) amend or repeal any resolution of the board which by its terms may not be so amended or repealed. The executive committee shall report on its actions at the next meeting of the board of directors.”

“The reining horse foundation, inc.'s conflict of interest policy, governing documents and financial statements are available upon request.”