River Heritage Conservancy Inc

“The form 990 was prepared by an independent accounting firm and reviewed by the executive director and members of the board for accuracy and completeness prior to filing with the irs.”

“All directors must abide by standards of ethical conduct while performing their duties as directors of the corporation, as more particularly prescribed by indiana law. The purpose of the conflict of interest policy is to protect the corporation's interest when it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer or director of the corporation. This policy is intended to supplement but not replace any applicable state laws governing conflicts of interest applicable to nonprofit and charitable corporations. In connection with any actual or possible conflicts of interest, an interested person must disclose the existence and nature of his or her financial interest to the directors (and to members of committees, if any with board-delegated powers) who are considering the proposed transaction or arrangement. After disclosing his or her financial interest, the interested person must leave the board or committee meeting while the financial interest is discussed and voted upon. The remaining board or committee members must decide if a conflict of interest exists. The chairman of the board or committee must, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the board or committee must determine whether the corporation can obtain a more advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the board or committee must determine, by a majority vote of the disinterested directors or committee members, whether the transaction or arrangement is in the corporation's best interest and for its own benefit, and whether the transaction is fair and reasonable to the corporation. The board or committee must make its decision as to whether to enter into the transaction or arranagement in conformity with such determination. If the board or committee has reasonable cause to believe that a member has failed to disclose actual or possible conflicts of interest, it must inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the response of the member and making such further investigation as may be warranted in the circumstances, the board or committee determines that the member has in fact failed to disclose an actual or possible conflict of interest, it must take appropriate disciplinary and corrective action. The minutes of the board and of all committees with board-delegated powers must contain: the names of the persons (if any) who disclosed or otherwise were found to have a financial interest in connection with an actual or possible conflict of interest, the nature of the financial interest, any action taken to determine whether a conflict of interest was present, and the board's or committee's decision as to whether a conflict of interest in fact existed; and the names of the persons who were present for discussions and votes relating to the transaction or arrangement, the content of the discussion, including any alternatives to the proposed transaction or arranagement, and a record of any votes taken in connection therewith.”

“The organization makes their governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Other contract services: program service expenses 491,107. Management and general expenses 0. Fundraising expenses 0. Total expenses 491,107.”