2019-07-15T18:03:47-05:00 2018-12-31 460403496 CASEY PETERSON LTD 909 ST JOSEPH ST SUITE 101 RAPID CITY SD 57701 990 2018-01-01 820583682 FIRST PEOPLES FUND FIRS 6053480324 PO BOX 2977 RAPID CITY SD 577092977 LORI POURIER PRESIDENT 6053480324 2019-07-15 1 DEIDRE BUDAHL CPA P01273830 6053481930 2019-07-15 65.153.235.186 2019-07-15 17:56:22 MD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6674FD86204B922EA835707114D2D463539C6A14 2018 2019-02-21 02:37:17Z LORI POURIER PO BOX 2977 RAPID CITY SD 577092977 2309507 0 X WWW.FIRSTPEOPLESFUND.ORG X 1995 MN OUR MISSION IS TO HONOR AND SUPPORT THE COLLECTIVE SPIRIT OF FIRST PEOPLES FUND ARTISTS AND CULTURE BEARERS. 13 11 16 0 0 0 2338158 2257551 42010 43333 2649 8593 0 30 2382817 2309507 387265 406994 0 0 762376 969319 0 0 116975 873028 1036374 2022669 2412687 360148 -103180 2417171 2500220 1447648 1633877 969523 866343 X FIRST PEOPLES FUND'S MISSION IS TO HONOR AND SUPPORT THE COLLECTIVE SPIRIT OF FIRST PEOPLES ARTISTS AND CULTURE BEARERS. 0 0 517320 162794 0 ARTIST IN BUSINESS LEADERSHIP AND CULTURAL CAPITAL ARE SIMILAR PROGRAMS WHICH ARE GROUPED TOGETHER FOR REPORTING PURPOSES.CULTURAL CAPITAL IS DESIGNED SPECIFICALLY FOR MASTER ARTISTS WHO HAVE BEEN PRACTICING THEIR ART FOR 10 YEARS OR MORE. ARTISTS ALSO; 1) SHARE A COMMITMENT TO TEACHING THEIR CRAFT IN THEIR COMMUNITY TO KEEP CULTURAL EXPRESSION ALIVE; 2) HAVE A PLAN TO DOCUMENT THEIR ANCESTRAL KNOWLEDGE FOR THE NEXT SEVEN GENERATIONS; AND 3) SEEK WAYS TO SUSTAIN CULTURAL SHARING AS A WAY OF LIFE WITHIN THEIR TRIBAL COMMUNITY. THE FIRST PEOPLES FUND GRANT PROGRAM IS OPEN TO ALL REGION-ELIGIBLE ARTISTS AND FORMER COMMUNITY SPIRIT AWARD RECIPIENTS. GRANTS OF UP TO $5,000 OFFER ARTISTS AN OPPORTUNITY TO DELVE DEEPER INTO THEIR ART - SHARING THEIR ARTISTRY WITH ALL WHO WANT TO LEARN. EACH YEAR, CULTURAL CAPITAL FELLOWS TEACH AND SHARE THEIR KNOWLEDGE WITH MORE THAN 100 COMMUNITY MEMBERS.THE ARTIST IN BUSINESS LEADERSHIP FELLOWSHIP IS DESIGNED FOR ARTISTS WITH FIVE OR MORE YEARS OF EXPERIENCE MARKETING THEIR ART AT INDIAN ARTS MARKETS AND GALLERIES AND WHO HAVE WHOLESALE EXPERIENCE. ARTISTS INTERESTED IN APPLYING FOR A FELLOWSHIP SHOULD; 1) BE COMMITTED TO PURSUING ART AS A WAY TO BUILD A BUSINESS AND SUPPORT BOTH THEMSELVES AND THEIR FAMILIES; 2) HAVE A VISION FOR EXPANDING THEIR BUSINESS NATIONALLY; AND 3) SHARE A COMMITMENT TO PASSING ON ANCESTRAL KNOWLEDGE AND SKILLS WITHIN THEIR HOME COMMUNITIES.ELIGIBLE ARTISTS RECEIVE UP TO $5,000 IN WORKING CAPITAL FUNDS TO SUPPORT SPECIFIC ENTREPRENEURIAL INITIATIVES THAT WILL ENHANCE THEIR BUSINESS AND CONTRIBUTE TO A CONSISTENT AND RELIABLE INCOME FOR THEMSELVES AND THEIR FAMILIES.BENEFITS OF THE FELLOWSHIP: FIRST PEOPLES FUND'S ARTIST IN BUSINESS LEADERSHIP FELLOWSHIP DOES NOT JUST HELP ARTISTS GROW A BUSINESS IT INSPIRES THEM TO FULLY HONOR THEIR CULTURAL CREATIVITY AND GROW THE IMPACT IT HAS ON THEIR PEOPLE.ARTIST APPLICANTS FOR BOTH THE ARTIST IN BUSINESS LEADERSHIP AND CULTURAL CAPITAL PROGRAMS MUST BE A MEMBER OF A NORTHERN GREAT PLAINS TRIBE LOCATED IN SOUTH DAKOTA, NORTH DAKOTA, MONTANA, WYOMING, WESTERN DAKOTA OF MINNESOTA, NEBRASKA, THE EASTERN PLATEAU REGION OF IDAHO, OREGON AND WASHINGTON, A TRIBE FROM THE GREAT LAKES REGION OF MINNESOTA, MICHIGAN, OR WISCONSIN, A TRIBE BELONGING TO THE U.S. EASTERN SEABOARD STATES, OKLAHOMA, NATIVE HAWAIIAN, OR AN ALASKA NATIVE TRIBE. EACH ARTIST RECEIVES INDIVIDUALIZED TECHNICAL ASSISTANCE AND PROFESSIONAL DEVELOPMENT GUIDANCE, AS WELL AS A $5,000 GRANT TO OFFSET CAPITAL EXPENSES ASSOCIATED WITH GROWING A BUSINESS.IMPACT OF THE FELLOWSHIP: OUR ARTIST ALUMNI TELL US THE PROGRAM DOES MORE THAN JUST SUPPORT AN ENTREPRENEURIAL SPIRIT - IT STIMULATES A RENEWED ENERGY TO CHALLENGE THEMSELVES AND EACH OTHER TO CREATE NEW WORK THAT PUSHES BOUNDARIES. 172703 50000 0 FIRST PEOPLES FUND IS A PRINCIPLE PARTNER IN INTERCULTURAL LEADERSHIP INSTITUTE, ALSO KNOWN AS ILI, ALONG WITH ALTERNATE ROOTS, THE NATIONAL ASSOCIATION OF LATINO ARTS AND CULTURE AND THE PA'I FOUNDATION. THESE FOUR CORE PARTNERS HAVE A SHARED COMMITMENT TO PURSUE CULTURAL EQUITY AND TO SUPPORT ARTISTS, CULTURE BEARERS, AND OTHER ARTS PROFESSIONALS AS CHANGE MAKERS IN THEIR COMMUNITIES. THE INITIATIVE ANNUALLY SELECTS A COHORT OF ARTISTS AND ARTS ADMINISTRATORS FROM COMMUNITIES OF COLOR AND CONVENES THEM THROUGHOUT THE YEAR TO LEARN ABOUT THEIR SHARED HISTORIES, BUILD NETWORKS AND GAIN LEADERSHIP SKILLS.OUR NATION'S SPACES (ONS) INITIATIVE PROVIDES OPPORTUNITIES FOR NATIVE ARTISTS TO CREATE AND SHOWCASE THEIR WORK OUTSIDE OF PREDOMINATELY NATIVE ARTS SPACES AND INTO THE NETWORK OF FORD FOUNDATION'S DIVERSE SPACE GRANTEES. THIS INITIATIVE STRENGTHENS AND DEVELOPS THE RELATIONSHIPS BETWEEN DIVERSE ARTS SPACES ORGANIZATIONS AND THE COMMUNITIES THEY REPRESENT AND WITH NATIVE ARTISTS: VISUAL (CONTEMPORARY AND TRADITIONAL MEDIUMS), PERFORMANCE ARTISTS, MUSICIANS, DANCE, AND SPOKEN WORD. 1370420 194200 43363 COMMUNITY DEVELOPMENT: TRAININGS, WORKSHOPS, AND RE-GRANTS:FPF'S COMMUNITY DEVELOPMENT WORK INCLUDES SEVERAL SUB-PROGRAMS DESIGNED TO BUILD THE CAPACITY OF COMMUNITY-BASED ORGANIZATIONS TO SUPPORT THE DEVELOPMENT OF CREATIVE, LEADERSHIP, AND ENTREPRENEURIAL SKILLS OF INDIVIDUALS. ROLLING REZ ARTS IS A MOBILE ART UNIT WITH THE CAPACITY TO PROVIDE ARTISTS ACCESS TO THE RESOURCES THEY NEED TO BE SUCCESSFUL ACROSS ALL NINE DISTRICTS ON THE VAST PINE RIDGE RESERVATION. LAUNCHED IN MARCH 2016, THE ROLLING REZ ARTS PROVIDES TARGETED SUPPORT TO ARTISTS IN THEIR OWN COMMUNITIES, HELPING CLOSE GAPS IN ACCESS TO SUPPLIES, MARKETS, TRAINING, NETWORKS, CREDIT AND CAPITAL AND SPACE. ROLLING REZ ARTS IS EQUIPPED AS A MOBILE BANK AND LAKOTA FEDERAL CREDIT UNION REGULARLY OFFERS BANKING SERVICES FROM THE MOBILE UNIT ACROSS THE RESERVATION. NATIVE AMERICAN PROFESSIONAL DEVELOPMENT TRAINING (NAPD), WHICH IS DESIGNED FOR ARTISTS OR COMMUNITY MEMBERS AT ANY STAGE OF THEIR CAREERS, EQUIPS ENTREPRENEURS WITH KNOWLEDGE, TOOLS, AND CONFIDENCE TO NAVIGATE THEIR PROFESSIONAL CAREERS AND LEAD FULFILLING PERSONAL LIVES. FPF'S VALUES-BASED EDUCATION SEES THE BUSINESS OF ART AND EXPRESSION AS CULTURAL LEADERSHIP AND POSITIONS ARTISTS TO ACTUALIZE A VISION OF SUCCESS THAT FITS WITHIN THEIR CULTURAL PRINCIPLES.COMMUNITY-BASED CERTIFICATION IS DESIGNED FOR BOTH FINANCIAL AND NONPROFIT PROFESSIONALS WISHING TO WORK DIRECTLY WITH ARTISTS, AND FOR ARTISTS WHO WANT TO BECOME MENTORS OR TRAINERS LOCALLY. THIS PROGRAM TRAINS PARTICIPANTS TO OFFER EXPERTISE TO ARTISTS WISHING TO START OR GROW A BUSINESS. ALL OF FPF'S TRAINERS HAVE PARTICIPATED IN BOTH THE NATIVE ARTISTS PROFESSIONAL DEVELOPMENT TRAINING AND THE COMMUNITY BASED CERTIFICATION TRAINING. THE FPF-CERTIFIED TRAINERS ARE ALSO ELIGIBLE TO PARTICIPATE IN THE ARTIST IN BUSINESS LEADERSHIP FELLOWSHIP AND CULTURAL CAPITAL FELLOWSHIP PROGRAMS. FPF TRAINERS REPRESENT PROFESSIONAL ARTISTS AND ENTREPRENEURS - FROM MUSICIANS TO VISUAL ARTISTS, BUSINESS OWNERS TO LOAN OFFICERS - FROM ALL ACROSS THE COUNTRY.NATIVE ARTS ECONOMY BUILDING GRANTS SUPPORT COMMUNITY-BASED NATIVE NONPROFIT ORGANIZATIONS, INCLUDING NATIVE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS. THE PROGRAM'S OBJECTIVES ARE TWOFOLD: 1. DEVELOP PARTNERS' UNDERSTANDING OF THE CRITICAL ROLE NATIVE ARTISTS CAN PLAY IN BUILDING ECONOMIES, GENERATING ASSETS AND CONSTRUCTING EFFECTIVE AND CULTURALLY APPROPRIATE NETWORKS; AND, 2. BUILD PARTNERS' CAPACITY TO PROVIDE ARTISTS ACCESS TO THE RESOURCES THEY NEED FOR SUCCESS INCLUDING CREDIT AND CAPITAL, MARKETS, SUPPLIES, CREATIVE SPACE, INFORMAL NETWORKS AND TRAINING. INDIGENOUS ARTS ECOLOGY GRANTS PROGRAM REACHES INTO TRIBAL COMMUNITIES WITH GRANTS AND TECHNICAL ASSISTANCE TO COMMUNITY-BASED ORGANIZATIONS, SUPPORTING THEM TO ASSIST NATIVE ARTISTS TO GROW AS ENTREPRENEURS AND LEADERS IN THEIR LOCAL INDIGENOUS ARTS ECOSYSTEM. THROUGH THE INDIGENOUS ARTS ECOLOGY PROGRAM, FIRST PEOPLES FUND PARTNERS PRIMARILY WITH NATIVE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS. THE TWO-YEAR COHORT-BASED PROGRAM BUILDS UNDERSTANDING OF THE CRITICAL ROLE OF ARTISTS AND CULTURE BEARERS IN TRIBAL COMMUNITIES, AND HELPS BUILD CAPACITY TO BETTER SUPPORT ARTISTS WITH SERVICES, TRAINING, AND MENTORING.DANCES WITH WORDS IS A YOUTH-DEVELOPMENT INITIATIVE OF FIRST PEOPLES FUND THAT WORKS WITH YOUNG PEOPLE, ADULT MENTORS, HIGH SCHOOLS AND NONPROFIT PARTNERS ON THE PINE RIDGE INDIAN RESERVATION EMPOWERING PARTICIPANTS TO BECOME ENGAGED STUDENTS AND COMMUNITY LEADERS THROUGH LITERATURE, SPOKEN WORD, AND OTHER ART FORMS. FIRST PEOPLES FUND UNDERSTANDS THE CULTURAL AND HISTORICAL SIGNIFICANCE OF ORAL TRADITIONS FOR NATIVE PEOPLES, AND DANCES WITH WORDS CONNECTS YOUNG PEOPLE TO THESE TRADITIONS THROUGH THE STUDY AND CREATION OF LITERATURE, POETRY, SPOKEN WORD, AND MUSIC. AT THE SAME TIME, THE PROGRAM RECOUNTS PARTICIPANTS' STORIES WITHIN THEIR OWN COMMUNITY AND BEYOND. 2060443 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 74 0 1 16 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 11 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MN X THE ORGANIZATION 6053480324 706 WEST BOULEVARD RAPID CITY SD 57701 LORI POURIER PRESIDENT 40.00 X X 123337 0 16637 SHERRY SALWAY BLACK CHAIRPERSON 2.00 X X 0 0 0 DAVID COURNOYER VICE CHAIRPERSON 2.00 X X 22303 0 0 RON MARTINEZ-LOOKING ELK TREASURER 2.00 X 6400 0 0 KELLEY LINDQUIST MEMBER 1.00 X 0 0 0 BIRD RUNNINGWATER MEMBER 1.00 X 0 0 0 KALIMA ROSE MEMBER 1.00 X 0 0 0 LORIS TAYLOR MEMBER 1.00 X 0 0 0 MARIA DELEON MEMBER 1.00 X 0 0 0 ALFRED LANE III MEMBER 1.00 X 0 0 0 CARLTON TURNER MEMBER 1.00 X 0 0 0 JODY NORANJO FOLWELL MEMBER 1.00 X 500 0 0 TERRY PECHOTA MEMBER 1.00 X 0 0 0 152540 0 16637 1 0 0 0 0 217498 2040053 2257551 WORKSHOPS 900099 42714 42714 SALE OF MANUALS 900099 619 619 43333 8593 8593 MISCELLANEOUS REVENUE 900099 30 30 30 2309507 43363 0 8593 214200 214200 192794 192794 169177 146403 15313 7461 628546 515058 73154 40334 8617 6515 1256 846 104538 86012 12987 5539 58441 48134 6784 3523 381 381 15612 15612 214705 182464 12238 20003 23193 17160 5896 137 87558 67633 16117 3808 46889 41059 3562 2268 433977 349739 54362 29876 25254 18732 5076 1446 30638 25654 3352 1632 6638 5716 820 102 ADJUSTMENT OF ALLOWANCE 132189 132189 MISCELLANEOUS EXPENSES 16955 10981 5974 MEMBERSHIP DUES 2385 2385 2412687 2060443 235269 116975 824314 788928 1321438 1480036 35662 44834 29261 4645 16800 16800 11994 9125 265860 110008 177702 155852 2417171 2500220 53025 60375 1394623 1573502 1447648 1633877 X 898117 782640 71406 83703 969523 866343 2417171 2500220 -103180 0 X X 0 1 X 1 0 X 1523827 1984304 1791046 2338158 2257551 9894886 1523827 1984304 1791046 2338158 2257551 9894886 6051986 3842900 4442 4112 2312 3004 8593 22463 9917349 266628 0.38750 0.39660 X 265860 110008 155852 155852 X 2314453 4375 571 4946 2309507 0 2309507 2417634 4375 572 4947 2412687 0 2412687 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION IS NOT LIABLE FOR INCOME TAXES IF IT OPERATES WITHIN THE CONFINES OF ITS EXEMPT STATUS. HOWEVER, THE ORGANIZATION MAY BE RESPONSIBLE FOR TAXES ON UNRELATED BUSINESS ACTIVITIES. IN THE EVENT OF AN EXAMINATION OF THE INCOME TAX RETURNS, THE TAX LIABILITY OF THE ORGANIZATION COULD BE CHANGED IF TAXING AUTHORITIES MAKE ADJUSTMENTS TO THE TAX EXEMPT PURPOSE OF THE ORGANIZATION OR IF TAXING AUTHORITIES DETERMINE ACTIVITIES ARE SUBJECT TO UNRELATED BUSINESS INCOME. TAX POSITIONS ARE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE-LIKELY-THAN-NOT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES. AS OF DECEMBER 31, 2018, THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS NO LONGER SUBJECT TO FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS BEFORE 2015. MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATION, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS. THE ORGANIZATION BELIEVES THEIR ESTIMATES ARE APPROPRIATE BASED ON CURRENT FACTS AND CIRCUMSTANCES. INTEREST AND PENALTIES ASSESSED BY INCOME TAXING AUTHORITIES, IF ANY, ARE INCLUDED IN INTEREST EXPENSE. PART XI, LINE 2D - OTHER ADJUSTMENTS: AIRLINE REWARDS 571. PART XII, LINE 2D - OTHER ADJUSTMENTS: ROUNDING VARIANCE 1. AIRLINE REWARDS 571. 1 4-DIRECTIONS DEVELOPMENT INCORPORATED 23750 HWY 1 E RED LAKE MN 56671 811754928 501(C)(3) 20000 INDIGENOUS ARTS ECOLOGY ECONOMIC BUILDING GRANT KAWERAK INC PO BOX 948 NOME AK 99762 920047009 501(C)(3) 20000 INDIGENOUS ARTS ECOLOGY ECONOMIC BUILDING GRANT NATIVE AMERICAN COMMUNITY DEVELOPMENT CORPORATION PO BOX 3029 BROWNING MT 59417 273156259 501(C)(3) 23000 INDIGENOUS ARTS ECOLOGY ECONOMIC BUILDING GRANT NORTHWEST NATIVE DEVELOPMENT FUND PO BOX 154 COULEE DAM WA 99116 264216937 501(C)(3) 20000 INDIGENOUS ARTS ECOLOGY ECONOMIC BUILDING GRANT THE LAKOTA FUNDS INC PO BOX 340 KYLE SD 57752 460421416 501(C)(3) 20000 INDIGENOUS ARTS ECOLOGY ECONOMIC BUILDING GRANT CITIZEN POTAWATOMI COMMUNITY DEV CORP 1514 GORDON COOPER DRIVE SHAWNEE OK 74804 730945447 501(C)(3) 20000 INDIGENOUS ARTS ECOLOGY ECONOMIC BUILDING GRANT COUNCIL FOR NATIVE HAWAIIAN ADVANCEMENT 91-1270 KINOIKI ST BLDG 1 KAPOLEI HI 96707 910313383 501(C)(3) 20000 INDIGENOUS ARTS ECOLOGY ECONOMIC BUILDING GRANT FOUR BANDS COMMUNITY FUND 101 MAIN ST EAGLE BUTTE SD 57625 460456528 501(C)(3) 20000 INDIGENOUS ARTS ECOLOGY ECONOMIC BUILDING GRANT FRACTURED ATLAS INC 248 W 35TH STREET 10TH FLOOR NEW YORK NY 10001 113451703 501(C)(3) 25000 DREAM WARRIORS PROJECT NEW MEXICO COMMUNITY CAPITAL 219 CENTRAL AVE NW SUITE 200 ALBUQUERQUE NM 87102 201798654 501(C)(3) 25000 REZILIANCE PROJECT RUNNING STRONG FOR AMERICAN INDIAN YOUTH 8301 RICHMOND HIGHWAY SUITE 200 ALEXANDRIA VA 22309 541594578 501(C)(3) 1200 WATERLILY STORYTELLING INSTITUTE 11 0 FELLOWSHIP GRANTS 25 162794 COMMUNITY SPIRIT AWARDS 4 30000 PART I, LINE 2: THE FUND MAINTAINS DETAILED RECORDS TO SUBSTANTIATE THE AMOUNT OF AWARDS TO ARTISTS AND FELLOWS. ARTISTS FOR THE CSA AWARD ARE NOMINATED. ARTISTS FOR THE ARTIST IN BUSINESS LEADERSHIP AND CULTURAL CAPITAL PROGRAMS APPLY ON THEIR OWN. APPLICATIONS ARE THEN REVIEWED AND SELECTED BY A NATIONAL SELECTION COMMITTEE MADE UP OF PROFESSIONALS IN THE ART FIELD OUTSIDE OF FPF STAFF. THESE SELECTIONS ARE THEN APPROVED BY THE PROGRAM OFFICER AND PRESIDENT. THE BOARD ALSO MONITORS FELLOWSHIP AWARDS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S PRESIDENT AND ATTORNEY REVIEW A DRAFT OF THE FORM 990 PREPARED BY THE THIRD PARTY ACCOUNTANT PRIOR TO FILING. ONCE ALL REQUESTED REVISIONS HAVE BEEN MADE, THE PRESIDENT WILL APPROVE THE DRAFT FOR FILING. A FINAL COPY OF THE FILED FORM 990 IS PROVIDED TO THE EXECUTIVE COMMITTEE FOR SIGN-OFF AND APPROVAL. THE FINALIZED RETURN IS COPIED TO ALL BOARD MEMBERS WHEN FILED WITH THE IRS, WITH SUCH FILING TYPICALLY OCCURRING 30-45 DAYS BEFORE THE NEXT REGULAR MEETING OF THE BOARD AT WHICH TIME THE AS-FILED FORM 990 IS ON THE AGENDA AND APPROVED ALONG WITH THE REPORT TO THE MINNESOTA ATTORNEY GENERAL. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S BOARD MEMBERS AND PRESIDENT ARE SUBJECT TO A COI POLICY THAT REQUIRES DECISION MAKING ON ANY TRANSACTION THAT WOULD AFFECT THEIR MATERIAL FINANCIAL INTEREST TO BE AFFECTED ONLY BY ACTION OF THE ENTIRE BOARD, WITH ONLY DIRECTORS WHO ARE INDEPENDENT OF THE PARTY PARTICIPATING IN THE ACTION, AND WITH NOTICE OF THE CONFLICT/SUBJECT GIVEN IN ADVANCE. THE EXECUTIVE COMMITTEE ADMINISTERS THE POLICY BY ENSURING EACH AFFILIATED PERSON OF THE ORGANIZATION SIGNS A CONFLICT OF INTEREST STATEMENT ANNUALLY. QUESTIONS OF WHETHER AN INDIVIDUAL HAS A CONFLICT/MATERIAL FINANCIAL INTEREST ARE DECIDED BY THE BOARD, NOT INCLUDING IN SUCH DELIBERATIONS (OR VOTE) THE PARTY WHOSE POTENTIAL CONFLICT IS AT ISSUE. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS REVIEWS THE PRESIDENT'S SALARY ANNUALLY AND ANALYZES BASED ON THE PRESIDENT'S PERFORMANCE REVIEW IN CONJUNCTION WITH COMPARABLE POSITIONS FOR NON-PROFIT ORGANIZATIONS REGISTERED IN THE STATE OF MINNESOTA. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990. PART XII. LINE 2C THE AUDIT COMMITTEE OF THE ORGANIZATION SELECTS THE AUDITOR ANNUALLY AND ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT.