Relay Resources Enterprises

“The executive committee may act on behalf of the full board between quarterly board meetings for items that need to be acted upon in a timely fashion.”

“The corporation has one class of voting members. A person shall become a member by providing volunteer service and meeting any other criteria as determined by the board of directors.”

“Members elect members of the board of directors at the annual meeting of the members.”

“Members are limited to the additional voting power regarding revisions of the by-laws and articles. This is in addition to electing the governing board.”

“After review by the cfo, form 990 is provided to the finance and audit committee of the board for review and questions. The final version is emailed to the full board prior to filing.”

“The board members are identical to that of a related organization, relay resources. The conflict of interest policy is a policy of that organization, as follows: compliance with the conflict of interest policy is consistently monitored by requiring annual statements from all board members, officers, key employees and supervisors. The board determines whether a conflict exists and, in the case of an existing conflict, whether the contemplated transaction may be authorized as just, fair and reasonable to relay resources enterprises. The decision of the board on these matters will rest in their sole discretion, and their concern must be the welfare of relay resources enterprises and the advancement of its purpose. The board chair, in consultation with the chief executive officer, is authorized to modify the disclosure requirements of the conflict of interest policy. Transactions with parties with whom a conflicting interest exists may be undertaken only if all of the following are observed: (1) the conflicting interest is fully disclosed; (2) the person with the conflict of interest is excluded from the discussion and approval of such transaction; (3) a competitive bid or comparable valuation exists; and (4) the board, or duly constituted committee thereof, has determined that the transaction is in the best interest of the organization. Disclosure is made to the chief executive officer (or if she or he is the one with the conflict, then to the board chair), who shall bring the matter to the attention of the board chair, or a duly constituted committee of the board. Disclosure involving directors are made to the board chair (or if she or he is the one with the conflict, then to the board vice chair), who shall bring these matters to the board, or a duly constituted committee thereof.”

“Officers and employees are paid by a related organization, relay resources. The process of determining compensation is performed by that organization, as follows: the compensation committee of the board of directors reviews the ceo goals, succession plan, performance and compensation. Compensation changes are recommended by the committee to the full board. The board of directors votes on the committee's recommendation. A polling of other organizations' forms 990 is taken annually to use in the compensation package analysis, in addition to contracting for compensation surveys by outside vendors. The other officer (cfo) and key employee (vice president) positions are reviewed for performance and compensation by the ceo. All other positions are reviewed for performance and compensation by various levels of management, including the ceo. These processes are ongoing and were last undertaken at the end of the fiscal year, june 2018.”

“Form 990 is made available to the public upon request.”

“The organization's governing documents, conflict of interest policy and financial statements are all made available to the public upon request.”