Poudre Valley Rea Inc

“The association is a member owned cooperative and has one class of members.”

“Members elect the board of directors.”

“The board consists of nine directors who are elected by the membership.”

“The governing body did not delegate broad authority to act on its behalf to an executive committee or similar committee.”

“The form 990 is prepared by the organization's independent accounting firm based on information provided by management. The return is then reviewed by the management team prior to filing. Board members have access to review the form after filing, upon request.”

“The conflict of interest policy covers all employees and directors of the board. The general rule is that employees and directors of the board of the association are obligated to avoid and disclose ethical, legal, financial, or other conflicts of interest involving procurement and contract administration for the association, and remove themselves from a position of decisionmaking authority with respect to any procurement or contract administration conflict situation. All potential conflicts of interest are reviewed by the president and ceo. Potential conflicts of interest with the president and ceo, or a director of the board are reviewed by the association's corporate attorney. If an employee or director of the board is determined to have a real or apparent conflict of interest, the association will disqualify the employee or director from acting on any procurement or contract administration matter or participating in any procurement or contract administration decision(s) that could be impacted by the conflict. Any conflicts of interests and related resolutions and actions at the board level will be documented in the meeting minutes.”

“The process for determining compensation is the same for top managment officials, officers, and highly compensated individuals. Data is collected and reviewed from the following surveys: nreca national compensation survey, economic research institute's salary survey, employer's council state salary survey, and eleco solutions a third party consultant is retained to prepare an analysis and work with poudre valley rea's senior management team to recommend the compensation plan for board approval. This process last occurred in 2022.”

“The organization's governing documents, conflict of interest policy are available to the public upon request. Financial statements are available on website or upon request.”

“Change in other equities 160,986.”

“The process for selection of an independent accountant has not changed from the prior year.”