Omaha Rodeo Inc.

“The board may designate and appoint one or more committees (such as an executive committee), each of which shall have and exercise the authority of the board in the management of the corporation, subject to prohibitions on the board's delegation of powers as delineated in the act.”

“A draft version of the complete form 990 was provided to the board of directors for review prior to finalization and submission to the irs.”

“In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. The minutes of the board meeting will include the names of persons who disclosed or otherwise were found to have a conflict of interest, the nature of the conflict, any action taken to determine whether a conflict is present, and the governing board's decision on the conflict. Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person has received a copy of the conflicts of interest policy, has read and understands the policy, has agreed to comply with the policy, and understand the organization is charitable and in order to maintain its exempt status must engage primarliy in activities which accomplish its exempt purposes. There will also be periodic reviews to ensure the conflicts of interst policy is adhered to.”

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