Heartland Bank Community Foundation

“BILL DODSON - Business relationship, BOB CLARK - Business relationship, HINDA MITCHELL - Business relationship, DAVE DANIEL - Business relationship”

“Heartland bank is the sole member of heartland bank community foundation.”

“Heartland bank, the sole member of the foundation, has the power to elect the directors of the foundation at the foundation's annual meeting.”

“The foundation's form 990 is prepared and reviewed by a certified public accounting firm. The form 990 is then reviewed by the heartland bank accounting manager & cfo. The foundation's board of directors reviews the form 990 prior to the form being filed with the internal revenue service.”

“The foundation provides a copy of the form 990 to board members prior to filing the return with the internal revenue service”

“Duty to disclose 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. Determining whether a conflict of interest exists after disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. Procedures for addressing the conflict-of-interest a. An interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. B. The chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. C. After exercising due diligence, the governing board or committee shall determine whether the corporation can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. D. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the corporation's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination, it shall make its decision as to whether to enter into the transaction or arrangement. E. Notwithstanding anything to the contrary, any resolution of an actual or possible conflict of interest must comply with applicable rules against self-dealing, as such rules are established in section 4941 of the internal revenue code of 1986 (the code) and the regulations thereunder. Violations of the conflicts of interest policy a. If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. B. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action. Annual statements each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflicts of interest policy, b. Has read and understands the policy, c. Has agreed to comply with the policy, and d. Understands the corporation is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of the corporation's tax-exempt purposes described under section 501(c)(3) of the code. Periodic reviews to ensure the corporation operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects: a. Whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining. B. Whether partnerships, joint venture”

“For the tax year ended december 31, 2024, the foundation did not have any employees.”

“For the tax year ended december 31, 2024, the foundation did not have any employees.”

“The foundation's governing documents, conflict of interest policy, and financial statements are available upon request.”