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FORM 990, PART VI, SECTION A, LINE 1 |
THE EXECUTIVE COMMITTEE IS COMPRISED OF NINE MEMBERS, APPOINTED FROM AMONG THE BOARD TRUSTEES. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF TRUSTEES BETWEEN MEETINGS, EXCEPT FOR SIGNIFICANT ACTIONS INCLUDING AMENDING THE BYLAWS, APPOINTING MEMBERS, MERGERS, SALES OF SIGNIFICANT ASSETS, DISSOLUTIONS, ETC.). THE AUDIT COMMITTEE IS COMPRISED OF FIVE BOARD TRUSTEES AND HAS THE AUTHORITY TO APPROVE THE FINANCIAL STATEMENTS PRIOR TO BOARD MEETING. |
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FORM 990, PART VI, SECTION B, LINE 11 |
PRIOR TO ITS BEING FILED, THE FORM 990 WAS REVIEWED BY MANAGEMENT, REVIEWED AND APPROVED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES, AND PROVIDED ELECTRONICALLY TO THE BOARD OF TRUSTEES. |
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FORM 990, PART VI, SECTION B, LINE 12C |
RESPONSIBLE PERSONS INCLUDE THE BOARD OF TRUSTEES, MEMBERS OF A COMMITTEE WITH THE AUTHORITY OF THE BOARD, AND OFFICERS. EACH NEW RESPONSIBLE PERSON IS REQUIRED TO REVIEW A COPY OF THE CONFLICT OF INTEREST POLICY AND TO ACKNOWLEDGE IN WRITING THAT HE OR SHE HAS DONE SO. TO IDENTIFY POTENTIAL CONFLICTS, EACH RESPONSIBLE PERSON ANNUALLY FILES A CONFLICT OF INTEREST DISCLOSURE STATEMENT WITH THE FOUNDATION'S PRESIDENT/CEO INDICATING ANY ANTICIPATED OR POTENTIAL CONFLICT SITUATIONS. ANY SUCH INFORMATION IS GENERALLY MADE AVAILABLE ONLY TO THE PRESIDENT/CEO OR APPROPRIATE COMMITTEE CHAIR, EXCEPT TO THE EXTENT ADDITIONAL DISCLOSURE IS NECESSARY IN CONNECTION WITH THE IMPLEMENTATION OF A POLICY. A RESPONSIBLE PERSON WITH A CONFLICT DOES NOT PARTICIPATE IN DISCUSSIONS OF THE MATTER EXCEPT TO ANSWER MATERIAL FACTS AND ANSWER QUESTIONS. THE RESPONSIBLE PERSON WITH A CONFLICT OF INTEREST LEAVES THE ROOM FOR A PORTION OF THE DISCUSSION. FINALLY, THE RESPONSIBLE PERSON WITH A CONFLICT OF INTEREST IS NOT ALLOWED TO VOTE ON THE MATTER AND MAY BE REQUIRED TO LEAVE THE ROOM FOR THE VOTE. AFTER COLLECTING ALL RELEVANT INFORMATION, THE BOARD MAY APPROVE A TRANSACTION BY MAJORITY VOTE. THE RESPONSIBLE PERSON'S INELIGIBILITY TO VOTE AND, IF APPLICABLE, ABSENCE FROM THE MEETING DURING THE VOTE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. |
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FORM 990, PART VI, SECTION B, LINE 15A |
IN DETERMINING THE COMPENSATION FOR THE PRESIDENT/CEO, THE BOARD CHAIR RECEIVES THE RESULTS OF A COMPENSATION REVIEW PERFORMED BY AN OUTSIDE COMPENSATION CONSULTANT. DATA USED IN THE REVIEW INCLUDES VARIOUS COMPENSATION SURVEYS AND OTHER COMPARABILITY DATA. ALONG WITH THIS INFORMATION AND THE RECOMMENDED BUDGETED SALARY GUIDELINES FOR THE YEAR, A SALARY IS PROPOSED AND VOTED ON AND DOCUMENTED AS AN ACTION OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. DOCUMENTATION INCLUDES THE NAMES OF TRUSTEES SUPPORTING THE ACTION, A LISTING OF THE COMPARABILITY DATA OBTAINED AND RELIED UPON, AND THE NAME OF THE INDEPENDENT CONSULTANT USED IN OBTAINING THE DATA. THIS PROCESS WAS LAST UNDERTAKEN IN 2013 FOR THE CEO, SANDRA L. VARGAS. DETERMINING THE COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES INVOLVES A COMPENSATION MARKET ASSESSMENT OF ALL FOUNDATION POSITIONS AND IS PERIODICALLY ASSESSED BY AN OUTSIDE COMPENSATION CONSULTANT. THE CEO AND HR REVIEW THIS INFORMATION ALONG WITH THE BUDGETED SALARY GUIDELINES FOR THE YEAR AND DETERMINE SALARY ACTIONS. ACTIONS ARE DOCUMENTED IN PERSONNEL FILES. THIS PROCESS WAS LAST UNDERTAKEN FOR THE CFO/COO, JEAN ADAMS, IN 2013. |
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FORM 990, PART VI, SECTION C, LINE 19 |
THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| CHANGES IN NET ASSETS OR FUND BALANCES: |
FORM 990, PART XI, LINE 9: |
CHANGE IN VALUE OF TRUSTS 1,112,600. CHANGE IN CSV OF LIFE INSURANCE 82,788. NET PARTNERS CONTRIBUTIONS -11,644,504. NET CHANGE IN AGENCY FUNDS -2,816,754. |
Attach to Form 990 or 990-EZ.