| Form 990, Part VI, Section B, Line 11b |
The Treasurer prepares a draft of Form 990 and distributes paper copies to other officers and to Board Members, usually in the annual meeting of the Board of Directors in November. After review and discussion of the draft, the Treasurer makes corrections and adjustments based on comments and suggestions of officers and Board Members. Finally, he or she signs and files Form 990 electronically. |
| Form 990, Part VI, Section B, Line 12c |
Board Members and officers of the Woodlawn Foundation revisit the conflict of interest policy during the Board of Directors annual meeting in November. Each Board Member and officer discloses whether or not he or she has a conflict of interest by means of a signed statement listing conflicts, if any. |
| Form 990, Part VI, Section B, Line 15 |
Any position whose reportable and non-reportable compensation exceed $80,000 is subject to the Woodlawn Foundation's Executive Compensation Policy including, but not limited to, the President, Executive Director, financial officers, management officers, and key employees. When applicable, the Executive Committee shall make its recommendation annually to the Board regarding the reasonableness of those positions. It shall rely upon appropriate data as to comparability in making ist determination. Furthermore, it shall place such data and other reasons for its recommendation in the Minutes. Only those who are free of conflicts of interest may be involved in the evaluation of Executive compensation. |
| Form 990, Part VI, Section C, Line 19 |
The Foundation's governing documents, conflict of interest policy, and financial statements are available for review in person during regular business hours at the Treasurer's office located at 56 Harrison Street, Suite 401, New Rochelle, New York 10801-6560. No appointment is necessary. The Foundation will also send paper copies of these documents via U.S. Postal Service, or an electronic copy via e-mail, upon request and without charge. Furthermore, the Articles of Incorporation, By-Laws, and the three most current Form 990's are available for review on the internet at woodlawnfoundation.org. |
| Form 990, Part XI, Line 9 |
As a consequence of audits by an independent accounting firm of the consolidated financial records for prior fiscal years of the Woodlawn Foundation and its affiliates, we adjust Woodlawn's net assets as follows: (a) decrease of $189,326 in net balance of pledges receivable due to payments made against pledges; (b) write-down of $40,727 in book value of investment in a limited partnership; (c) decrease of $366,681 in value of trust agreements; (d) increase of liability under trust agreements by $163,647; and (e) write-up of $236,169 in book value of investment in a closely-held corporation. |
Attach to Form 990 or 990-EZ.