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FORM 990, PART VI, SECTION B, LINE 11 | THE PREPARED FORM 990 IS REVIEWED BY THE FOUNDATION'S EXECUTIVE DIRECTOR AND ACCOUNTANT AS WELL AS THE MEMBERS OF THE GOVERNING BODY BEFORE THE RETURN IS FILED WITH THE IRS. |
FORM 990, PART VI, SECTION B, LINE 12C | ANNUALLY ALL MEMBERS OF THE GOVERNING BODY COMPLETE A STATEMENT THAT DISCLOSES INTERESTS THAT COULD GIVE RISE TO CONFLICTS. THE SIGNED STATEMENTS ARE KEPT AT THE FOUNDATION'S OFFICE. ALL DIRECTORS AND OFFICERS ARE COVERED UNDER THE FOUNDATION'S CONFLICT OF INTEREST POLICY. THE EXECUTIVE DIRECTOR AND THE MEMBERS OF THE GOVERNING BODY REVIEW THE POLICY AT LEAST ANNUALLY. ANY PERSON WITH A CONFLICT MUST ABSTAIN FROM THE GOVERNING BODY'S VOTE AND DECISION MAKING PROCESS ON THE MATTER. |
FORM 990, PART VI, SECTION B, LINE 15A | THE PERSONNEL COMMITTEE ANNUALLY CONDUCTS A PERFORMANCE REVIEW OF THE EXECUTIVE DIRECTOR AND RECOMMENDS A COMPENSATION PACKAGE TO THE MEMBERS OF THE GOVERNING BODY FOR APPROVAL. THE PERSONNEL COMMITTEE REVIEWS THE COMPENSATION PAID FOR COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS AND USES THIS DATA IN MAKING ITS DETERMINATION OF THE EXECUTIVE DIRECTOR'S COMPENSATION. |
FORM 990, PART VI, SECTION C, LINE 19 | THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
FORM 990, PART XI, LINE 9: | CHANGE IN BENEFICIAL INTEREST IN ASSETS HELD BY MADISON COMMUNITY FOUNDATIO -82,244. |
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