Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | FILING ORGANIZATION IS ORGANIZED ON A MEMBERSHIP BASIS AND SHALL HAVE TWO CLASSES OF MEMBERSHIP - ACTIVE AND HONORARY. EACH COUNTY FARM BUREAU ASSOCIATION IN THE STATE OF MINNESOTA SHALL BE ELIGIBLE FOR ACTIVE MEMBERSHIP IN THIS CORPORATION AND MAY HAVE VOTING RIGHTS. INDIVIDUAL HONORARY MEMBERSHIP IN THIS CORPORATION MAY BE CONFERRED BY A MAJORITY VOTE OF THE BOARD OF DIRECTORS UPON ANY PERSON. SUCH HONORARY MEMBERSHIP SHALL BE CLASSIFIED AS NONVOTING AND SHALL HAVE NO VOTING RIGHTS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS OF MINNESOTA FARM BUREAU FEDERATION ELECT THE BOARD OF DIRECTORS WHICH ALSO SERVES AS THE BOARD FOR THE MINNESOTA FARM BUREAU FOUNDATION, A RELATED ORGANIZATION. |
| FORM 990, PART VI, SECTION A, LINE 7B | BYLAWS MAY BE AMENDED AT ANY MEETING OF THE MEMBERS BY A TWO-THIRDS VOTE OR GREATER OF THE ACTIVE MEMBER'S VOTING DELEGATES PRESENT AT SUCH MEETING, PROVIDED SUBMISSION AND NOTICE OF THE PROPOSED AMENDMENTS HAVE BEEN GIVEN AS REQUIRED BY LAW. |
| FORM 990, PART VI, SECTION A, LINE 8B | THERE ARE NO COMMITTEES WITH THE ABILITY TO ACT ON BEHALF OF THE BOARD. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE ORGANIZATION PROVIDED THE INFORMATION NECESSARY TO THE ACCOUNTING FIRM TO PREPARE THE FORM 990. THE FORM 990 WAS THEN GIVEN TO MANAGEMENT FOR REVIEW AND BOARD APPROVAL PRIOR TO FILING IT WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH OFFICER, TRUSTEE, COMMITTEE MEMBER OR EXECUTIVE IS REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY, AS OUTLINED IN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. A CONFLICT OF INTEREST EXISTS WHEN ANY OFFICER, TRUSTEE, COMMITTEE MEMBER OR EXECUTIVE OF MFBF, OR THEIR FAMILY MEMBERS, HAS AN INTEREST IN OR RELATIONSHIP WITH ANY INDIVIDUAL OR ORGANIZATION WHICH PROPOSES TO ENTER INTO ANY TRANSACTION WITH THE FEDERATION FOR THE SALE, PURCHASE, LEASE OR RENTAL OF PROPRETY, OR TO RENDER OR EMPLOY SERVICES, PERSONAL OR OTHERWISE. IF A CONFLICT OF INTEREST EXISTS, SUCH INDIVIDUAL SHALL GIVE THE BOARD OF DIRECTORS OF THE MFBF NOTICE OF THE CONFLICT OF INTEREST OR RELATIONSHIP AND SHALL REFRAIN FROM VOTING OR OTHERWISE ATTEMPTING TO EXERT ANY INFLUENCE ON THE MFBF TO AFFECT ITS DECISION TO PARTICIPATE OR NOT PARTICIPATE IN SUCH TRANSACTION. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENT ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | ROUNDING -7. |
| PART XII LINE 2C | THERE HAS BEEN NO CHANGE IN THE MANNER THAT THE OVERSIGHT BOARD REVIEWS THE WORK OF THE INDEPENDENT EXTERNAL AUDITOR. |
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