Great Reno Balloon Race Inc

“The organization does not have any committees with the authority to act on behalf of the governing body.”

“The tax return is reviewed at a board meeting and is approved by all members in attendance.”

“Individuals Covered: Persons covered by this policy are the GRBR, Trustees, Emeritus Trustees, Officers, Staff Members, and Committee Staff. Annual Disclosure: Persons covered by this policy will annually disclose or update to the President of the GRBR on a form provided by the GRBR, their interests as a board member, officer, employee or consultant in any borrower, loan applicant, contractor, vendor or supplier of or to the GRBR, or the GRBR, that could give rise to the level of a conflict of interest. Procedures to Manage Conflicts: For each interest disclosed to the President of the GRBR, the President will determine whether to: (a) take no action; (b) assure full disclosure to the Board of Trustees and other individuals covered by this policy; (c) ask the person to recuse himself or herself from participation in related discussions within the GRBR; or (d) ask the person to resign from his or her position in the GRBR or, if the person refuses to resign, become subject to possible removal in accordance with the GRBR's removal procedures. The GRBR's President and Treasurer will monitor proposed or ongoing transactions for conflicts of interest and disclose them to the GRBR Executive Director in order to deal with potential or actual conflicts, whether discovered before or after the transaction has occurred.”

“The board evaluates the performance of the Executive Director annually. The compensation paid for this positions is determined by comparing similar positions paid by nonprofits in the Reno area. All decisions are documented in meeting minutes.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Launch Director Fees: Program service expenses 15,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,000. Contracted Staff: Program service expenses 36,750. Management and general expenses 12,250. Fundraising expenses 0. Total expenses 49,000. Outside Services: Program service expenses 71,834. Management and general expenses 0. Fundraising expenses 0. Total expenses 71,834. Concession Fee: Program service expenses 1,586. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,586.”