Identifier | Return Reference | Explanation |
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FORM 990, PART VI, SECTION B, LINE 11 | THE FOUNDATION'S COO/CFO AND CONTROLLER PERFORM A THOROUGH REVIEW OF THE FORM 990 PREPARED BY THE CPA FIRM WHILE IT IS IN DRAFT FORM. THE COO/CFO REVIEWS THE RETURN WITH THE PRESIDENT/CEO. THE BOARD OF DIRECTORS HAS DELEGATED RESPONSIBILITY FOR REVIEW OF THE FORM 990 TO THE AUDIT COMMITTEE, WHICH HOLDS A MEETING TO WALK THROUGH THE FORM 990 WITH THE COO/CFO. A COPY OF THE COMPLETE FORM 990 IS PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS PRIOR TO FILING THE RETURN. | |
FORM 990, PART VI, SECTION B, LINE 12C | ALL BOARD MEMBERS, OFFICERS, AND EMPLOYEES COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY. THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS ALL CONFLICT OF INTEREST DISCLOSURE STATEMENTS AND ANY OTHER POTENTIAL CONFLICTS AND TAKES APPROPRIATE ACTION. | |
FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS IS RESPONSIBLE FOR REVIEWING AND MAKING RECOMMENDATIONS TO THE FULL BOARD RELATED TO THE COMPENSATION OF THE FOUNDATION'S OFFICERS. THE EXECUTIVE COMMITTEE SUMMARIZES CURRENT COMPENSATION AND PERFORMANCE OF THE OFFICERS; COMPILES COMPARABLE INFORMATION FOR EACH POSITION (USING BOTH NATIONAL SURVEY DATA AND REGIONAL INFORMATION FOR SIMILARLY-SITUATED ORGANIZATIONS); AND MAKES A RECOMMENDATION TO THE FULL BOARD REGARDING OFFICERS' COMPENSATION FOR THE UPCOMING YEAR. THE BOARD OF DIRECTORS DISCUSSES THE RECOMMENDATION IN EXECUTIVE SESSION (I.E., WITHOUT OFFICERS OR STAFF PRESENT) AND TAKES ACTION TO ADOPT OFFICERS' COMPENSATION AMOUNTS. THE COMPENSATION DATA AND ACTION TAKEN IS DOCUMENTED IN WRITING. ALL MEMBERS OF THE EXECUTIVE COMMITTEE AND BOARD ARE INDEPENDENT AND FREE OF CONFLICTS OF INTEREST WITH REGARD TO OFFICERS' COMPENSATION. THIS PROCESS WAS USED FOR BOTH OFFICERS OF THE FOUNDATION, THE PRESIDENT/CEO AND THE CHIEF OPERATING OFFICER/CHIEF FINANCIAL OFFICER; THERE ARE NO OTHER OFFICERS OR KEY EMPLOYEES AS DEFINED FOR PURPOSES OF FORM 990. | |
FORM 990, PART VI, SECTION C, LINE 19 | THE FOUNDATION'S ANNUAL REPORT, WHICH INCLUDES SUMMARY FINANCIAL INFORMATION, IS AVAILABLE ON THE FOUNDATION'S WEBSITE AND IS WIDELY DISTRIBUTED TO THE PUBLIC. THE GOVERNING DOCUMENTS, AUDITED FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST AT THE FOUNDATION'S OFFICE. | |
FORM 990, PART IX, LINE 24A: | CHARITABLE DISTRIBUTIONS FOR AFFILIATED FUNDS. | |
FORM 990, PART XI, LINE 1, ACCOUNTING METHOD: | THE FOUNDATION USES THE MODIFIED CASH METHOD OF ACCOUNTING. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
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