Fsa Scholarship Foundation

“The corporation shall have one class of members defined as general members. General members may be organizations or individuals and are non-voting members. There shall be three categories of general members: 1) industry retail members i.e., organizations and individuals involved with the sale of food, beverages and other items to consumers e.g., grocery stores, convenience stores, box stores or drug stores; 2)friends of the board i.e., peripheral organizations or individuals who contribute to or benefit from the corporation's purpose and activities such as community leaders, friends and associates, colleges, food banks and charities; 3) vendor sponsors-there are two types of sponsors, traditional sponsor-suppliers (suppliers of food, beverage to industry members) and non-traditional sponsors-suppliers (suppliers of services to industry members that support the operations and personnel of the food sales industry members. Membership in the corporation shall be open to business professionals, management executives and sales representatives of manufacturers, processors, distributors, brokers and marketing services whose products and/or services are sold to, or through retail stores or their activities are in support of food retailing, their operations and/or their personnel. Also the corporation is open to other professionals and professional organizations who wish to contribute to or may benefit from an association with industry members, friends of the board and sponsors.”

“Committee meeting minutes are not recorded as are board meetings. Committee activities and/or plans are reported to the board and noted in the organization's board minutes.”

“A joint review is made by the return preparer and the treasurer and/or fsa administrator after the initial draft of the form 990 is completed. The treasurer and/or fsa administrator signs off on the final draft prior to submission to the irs. Form 990 is presented to the fsa board in its entirety for their review and questions/comments.”

“All officers and board of directors of the corporation are required to read and sign the conflict of interest statement upon election to his/her position. Concerns resulting from and arising out of this policy should be directed to the president, officers or the executive director immediately upon becoming aware of such issues.”

“Fsa has the bylaws available on the website www.fsascholarshipfoundation.org as well as on file with the fsa administrator. Bylaws, financial statements and minutes are maintained by the fsa administrator and are available upon request.”