Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| FORM 990, PART III, LINE 1 | ESTABLISHED IN 1990, THE COALITION OF MINNESOTA BUSINESSES (CMB) IS A NON-PARTISAN, GRASSROOTS ORGANIZATION COMPRISED OF 11 EMPLOYER GROUPS REPRESENTING MORE THAN 20,000 MINNESOTA EMPLOYERS WITH HUNDREDS OF THOUSANDS OF EMPLOYEES ACROSS THE STATE. CMB MEMBERS WORK TOGETHER TO IMPROVE MINNESOTA'S QUALITY OF LIFE BY IMPROVING OUR BUSINESS CLIMATE AND STRENGTHENING OUR ECONOMY. |
| FORM 990, PART VI, SECTION A, LINE 1 | THE COALITION HAS AN EXECUTIVE COMMITTEE COMPRISED OF THE FOLLOWING MEMBERS: PRESIDENT, TREASURER, SECRETARY, AND VICE PRESIDENT. THIS COMMITTEE HAS THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY AS WELL AS THE AUTHORITY TO SET BUDGETS, MANAGE OPERATIONS AND DAILY AFFAIRS, CALL MEETINGS, DIRECT STRATEGY, AND REQUEST FUNDS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE PRESIDENTS OF MINNESOTA BUSINESS PARTNERSHIP, MINNESOTA CHAMBER OF COMMERCE & INDUSTRY, AND THE ST. PAUL AREA CHAMBER OF COMMERCE ARE MEMBERS OF THE COALITION'S BOARD OF DIRECTORS BY VIRTUE OF THEIR OFFICES. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 WILL BE REVIEWED IN DETAIL BY THE EXECUTIVE COMMITTEE. THE FORM 990 AND EXECUTIVE COMMITTEE REVIEW WILL BE PRESENTED TO THE FULL BOARD OF DIRECTORS. THESE ACTIONS WILL TAKE PLACE BEFORE THE RETURN IS FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH MEMBER OF THE EXECUTIVE COMMITTEE AND THE STAFF WILL ANNUALLY COMPLETE A DISCLOSURE STATEMENT TO IDENTIFY ANY KNOWN REAL OR POTENTIAL CONFLICTS OF INTEREST. A SUMMARY OF THESE CONFLICTS OF INTEREST WILL BE REVIEWED BY THE GOVERNANCE COMMITTEE AND REPORTED TO THE EXECUTIVE COMMITTEE. ANY MEMBER OF THE BOARD OF DIRECTORS WHO WISHES TO DETERMINE IF A CONFLICT OF INTEREST EXISTS MAY INQUIRE OF THE CHAIR OF THE GOVERNANCE COMMITTEE FOR A RESOLUTION. ANY CONFLICTED INDIVIDUAL WILL DISCLOSE THE DETAILS OF THE CONFLICT PRIOR TO BOARD REVIEW OF THE TRANSACTION AND DECISION. ANY CONFLICTED DIRECTOR SHALL REFRAIN FROM PARTICIPATION IN THE DISCUSSION AND SHALL ABSTAIN FROM VOTING. THESE ACTIONS SHALL BE DOCUMENTED IN THE MEETING MINUTES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE COALITION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, NOR ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. |
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