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FORM 990, PART VI, SECTION B, LINE 11B | THE 990 IS PREPARED BY THE ORGANIZATION'S ACCOUNTING FIRM, REVIEWED BY THE ORGANIZATION'S FINANCE DIRECTOR AND EXECUTIVE DIRECTOR, REVIEWED AND APPROVED BY THE ORGANIZATION'S AUDIT COMMITTEE (A COMMITTEE OF THE ORGANIZATION'S BOARD OF TRUSTEES), AND PROVIDED TO THE ORGANIZATION'S BOARD OF TRUSTEES FOR REVIEW AND COMMENT. |
FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY APPLIES TO ALL PERSONS HOLDING POSITIONS OF RESPONSIBILITY AND TRUST ON BEHALF OF VITAL GROUND, INCLUDING EMPLOYEES, OFFICERS AND MEMBERS OF THE BOARD OF TRUSTEES, AND COMMITTEE MEMBERS. THE CHAIR OF THE BOARD OF TRUSTEES SHALL BE RESPONSIBLE FOR THE APPLICATION AND INTERPRETATION OF THE POLICY ON CONFLICTS OF INTEREST AS IT RELATES TO OFFICERS, MEMBERS OF THE BOARD OF TRUSTEES AND COMMITTEE MEMBERS. THE EXECUTIVE DIRECTOR SHALL BE RESPONSIBLE FOR THE APPLICATION AND INTERPRETATION OF THE POLICY AS IT RELATES TO EMPLOYEES OF VITAL GROUND. AN INSIDER WHO HAS A CONFLICT OF INTEREST MAY PARTICIPATE AS AN INSIDER IN THE BOARD'S OR COMMITTEE'S DISCUSSION OF THE CONTRACT OR TRANSACTION IF ASKED TO PARTICIPATE BY THE BOARD OR COMMITTEE. THE PERSON WITH A CONFLICT OF INTEREST IS OTHERWISE NOT PRESENT FOR THE CONTRACT OR TRANSACTION DISCUSSION. THE INSIDER HAVING A CONFLICT OF INTEREST MAY NOT VOTE ON THE CONTRACT OR TRANSACTION OR BE PRESENT DURING VOTING. SUCH INSIDER'S INELIGIBILITY TO VOTE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. IF REQUESTED BY THE BOARD, AN INSIDER SHALL TAKE A TEMPORARY LEAVE OF ABSENCE FROM THE BOARD UNTIL COMPLETION OF THE CONTRACT OR TRANSACTION IN WHICH THE INSIDER HAS A CONFLICT OF INTEREST. |
FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES USING CURRENT COMPENSATION SURVEY INFORMATION FROM THE LAND TRUST ALLIANCE AND CONSIDERATION OF FORM 990 RETURNS FROM SIMILARLY SITUATED ORGANIZATIONS. THE TOTAL EMPLOYEE COMPENSATION BUDGET IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES AS PART OF THE ANNUAL BUDGET REVIEW AND APPROVAL PROCESS. EMPLOYEE COMPENSATION (OTHER THAN THE EXECUTIVE DIRECTOR) IS NOT INDIVIDUALLY REVIEWED BY THE BOARD, BUT BY THE EXECUTIVE DIRECTOR. PUBLISHED SALARY SURVEYS (LAND TRUST ALLIANCE AND TRAINING RESOURCES FOR THE ENVIRONMENTAL COMMUNITY) ARE USED TO PROVIDE COMPARATIVE COMPENSATION GUIDELINES. |
FORM 990, PART VI, SECTION C, LINE 19 | AUDITED FINANCIAL STATEMENTS ARE POSTED ON THE ORGANIZATION'S WEBSITE. OTHER ORGANIZATIONAL DOCUMENTS (FORM 1023, IRS LETTER OF DETERMINATION, ARTICLES OF INCORPORATION, BYLAWS, CONFLICTS OF INTEREST POLICY, AND OTHER GOVERNING POLICIES) ARE PROVIDED UPON REQUEST. |
FORM 990, PART XII, LINE 2C | THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
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