Maine 200

“The Form 990 is prepared by an independent public accounting firm (Baker Newman Noyes). Upon completion, a draft of the Form 990 is sent to the Organization, where the board of directors performs a final in-house review for final approval. Once the Form 990 is approved by the board, the return is filed with the Internal Revenue Service.”

“Administrators, directors, and officers of Maine 200 have an obligation to carry out their responsibilities within guidelines that minimize and make transparent actual or potential conflicts of interest. Any interested person having knowledge of any actual or potential conflict of interest must disclose the existence of any outside commitment interest, or any substantial financial benefit, and be given the opportunity to disclose all material facts to the board of birectors. After disclosure of the outside commitment interest of substantial financial benefit and all material facts, and after any discussion with the interested person(s), the disinterested board directors (i.e., those directors without the potential conflict of interest being discussed) shall determine if a conflict of interest exists by a majority vote. All board members are required to sign a disclosure statement attesting to the following: that they have received a copy of the conflict of interest policy, have read and understand the policy, that they agree and comply with the policy, and acknowledge that Maine 200 is charitable and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

“Maine 200 makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Maine 200 also regularly publishes its board minutes and the its most recently amended Bylaws onto its website (www.maine200.org).”