Magic Canoe

“Two board members have a business relationship as they are both partners in a public benefit llc called salmon nation trust.”

“Once drafted, we send the form 990 to all board members and allow them ample time to review and provide comments and amendments. The finalized the form 990 is submitted timely to the irs.”

“Each director, principal officer, and member of a committee with board delegated powers shall annually receive a copy of the conflict of interest policy and affirm that such individual has received a copy of the conflict of interest policy, has read and understands the policy, and has agreed to comply with the policy. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, that person shall leave the 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 unless otherwise provided in the bylaws. The board chair shall, 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 shall determine whether the organization 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. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the organization's best interest, for its own benefit, and whether it is fair and reasonable unless otherwise provided in the bylaws.”

“To determine the pay rate of our key team members we conducted an industry pay scale study across various geographies (as our team is remote) and developed a pay scale framework to make compensation transparent in the organization and grounded in responsibilities and work experience.”

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

“Contractors: program service expenses 48,081. Management and general expenses 37,513. Fundraising expenses 0. Total expenses 85,594.”