TY 2015 Form 990 Schedule O

efile Public Visual Render ObjectId: 201622229349300127 - Submission: 2016-08-09 TIN: 46-4598642

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public
Inspection

Name of the organization

BOREALIS PHILANTHROPY

Employer identification number

46-4598642

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 1	THE THREE OFFICERS SERVE AS THE MEMBERS OF THE EXECUTIVE COMMITTEE. EXCEPT FOR THE POWER TO AMEND THE ARTICLES OF INCORPORATION AND BYLAWS, THE EXECUTIVE COMMITTEE HAS ALL THE POWERS AND AUTHORITY OF THE BOARD OF DIRECTORS IN THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, AND IS SUBJECT TO THE DIRECTION AND CONTROL OF THE FULL BOARD.
FORM 990, PART VI, SECTION B, LINE 11	THE BOREALIS PHILANTHROPY IRS FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS AND IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12C	ANNUAL DISCLOSURE OF ANY INTERESTS THAT COULD GIVE RISE TO A CONFLICT OF INTEREST IS DOCUMENTED AT THE BOARD OF DIRECTORS' MEETINGS. REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS IS REQUIRED FOR ANY CONTRACT OR TRANSACTION INVOLVING AN OFFICER OR DIRECTOR. DIRECTORS AND OFFICERS WITH A POTENTIAL CONFLICT OF INTEREST ARE REQUIRED TO BE REMOVED FROM DELIBERATIONS AND DISCUSSIONS RELATED TO SUCH TRANSACTIONS.
FORM 990, PART VI, SECTION B, LINE 15A	THE PRESIDENT'S SALARY WAS DETERMINED BY REVIEWING THE SALARIES OF OTHER EXECUTIVE DIRECTORS/PRESIDENTS OF INTERMEDIARIES; THE PRESIDENT'S SALARY WAS AT THE LOWER END OF THE RANGE. THE PRESIDENT REVIEWED THE COUNCIL ON FOUNDATIONS SALARY DATA FOR THE PROGRAM OFFICER AND PROGRAM ASSOCIATE POSITONS (BREAKDOWN BY REGION) AND USED THAT DATA TO NEGOTIATE THE STARTING SALARY FOR PROGRAM STAFF; THE PRESIDENT DISCUSSED THE SALARY RANGES WITH TREASURER FOR MINNESOTA-BASED FINANCE DIRECTORS.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

Return Reference

Explanation

FORM 990, PART VI, SECTION A, LINE 1

THE THREE OFFICERS SERVE AS THE MEMBERS OF THE EXECUTIVE COMMITTEE. EXCEPT FOR THE POWER TO AMEND THE ARTICLES OF INCORPORATION AND BYLAWS, THE EXECUTIVE COMMITTEE HAS ALL THE POWERS AND AUTHORITY OF THE BOARD OF DIRECTORS IN THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, AND IS SUBJECT TO THE DIRECTION AND CONTROL OF THE FULL BOARD.

FORM 990, PART VI, SECTION B, LINE 11

THE BOREALIS PHILANTHROPY IRS FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS AND IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO FILING.

FORM 990, PART VI, SECTION B, LINE 12C

ANNUAL DISCLOSURE OF ANY INTERESTS THAT COULD GIVE RISE TO A CONFLICT OF INTEREST IS DOCUMENTED AT THE BOARD OF DIRECTORS' MEETINGS. REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS IS REQUIRED FOR ANY CONTRACT OR TRANSACTION INVOLVING AN OFFICER OR DIRECTOR. DIRECTORS AND OFFICERS WITH A POTENTIAL CONFLICT OF INTEREST ARE REQUIRED TO BE REMOVED FROM DELIBERATIONS AND DISCUSSIONS RELATED TO SUCH TRANSACTIONS.

FORM 990, PART VI, SECTION B, LINE 15A

THE PRESIDENT'S SALARY WAS DETERMINED BY REVIEWING THE SALARIES OF OTHER EXECUTIVE DIRECTORS/PRESIDENTS OF INTERMEDIARIES; THE PRESIDENT'S SALARY WAS AT THE LOWER END OF THE RANGE. THE PRESIDENT REVIEWED THE COUNCIL ON FOUNDATIONS SALARY DATA FOR THE PROGRAM OFFICER AND PROGRAM ASSOCIATE POSITONS (BREAKDOWN BY REGION) AND USED THAT DATA TO NEGOTIATE THE STARTING SALARY FOR PROGRAM STAFF; THE PRESIDENT DISCUSSED THE SALARY RANGES WITH TREASURER FOR MINNESOTA-BASED FINANCE DIRECTORS.

FORM 990, PART VI, SECTION C, LINE 19

THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2015

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