| Form 990, Part VI, Line 1a EXECUTIVE COMMITTEE |
EXECUTIVE COMMITTEE INCLUDED 1) GRETCHEN SANDLER, CHAIR 2) MICHELLE CALE, VICE CHAIR 3) JOAN LESSER, TREASURER 4) MARYANN REYES JACKMON, SECRETARY. ROLE OF EXECUTIVE COMMITTEE INCLUDES RATIFYING DECISIONS FROM COMMITTEES AS NECESSARY IN BETWEEN BOARD MEETINGS, EXECUTIVE COMMITTEE MAY NEED TO ACT IN LIEU OF BOARD TO ACCEPT AUDIT COMMITTEE'S RECOMMENDATION ON THE AUDITED FINANCIALS. PREFERRED SEQUENCE IS FOR FINANCE COMMITTEE TO APPROVE YEAR-END FINANCIAL STATEMENTS, AUDIT COMMITTEE TO APPROVE AUDITED FINANCIALS, AND THEN FULL BOARD TO APPROVE THE AUDIT COMMITTEE'S RECOMMENDATION ON THE AUDITED FINANCIALS. |
| Form 990, Part VI, Line 15b PROCESS TO ESTABLISH COMPENSATION OF OTHER EMPLOYEES |
THE CEO SETS THE SALARY FOR THE COO AND OTHER CHIEF STRATEGISTS WHO ARE MEMBERS OF THE FOUNDATION'S LEADERSHIP TEAM BASED ON LEVEL OF EXPERIENCE, PERFORMANCE, AND COMPARISON TO SIMILAR ORGANIZATIONS IN A SIMILAR MARKET. THIS PROCESS WAS LAST UNDERTAKEN IN JULY 2014. |
| Form 990, Part VI, Line 1a Delegate broad authority to a committee |
The Board shall have an Executive Committee, which shall be a Board Committee consisting, at minimum, of the Chair of the Board, the Secretary, the Treasurer, and the Chief Executive Officer. The Board of Directors may appoint up to three (3) additional directors to serve on the Executive Committee. The immediate past Chair, at the pleasure of the board, may remain on the board and serve on the Executive Committee for a term to be determined by the Board. The Executive Committee shall have the authority of the Board in the management of the business and affairs of the Corporation between Board meetings, except for those actions reserved to the full Board and described in Article IV, Section 1 of the Bylaws. |
| Form 990, Part VI, Line 11b Review of form 990 by governing body |
The Audit Committee reviews and approves the 990 following review and approval by Surina Khan, Chief Executive Officer, and Cathy Schreiber, Chief Operating Officer. The complete Form 990 is then forwarded to the full board of directors for review prior to filing with the IRS. |
| Form 990, Part VI, Line 12c Conflict of interest policy |
Each interested person shall disclose to the Board, or to the Executive Committee or the Governance Committee or other Board Committee empowered to approve a specific transaction or type of transaction ("Committee"), all material facts regarding his, her, or its interest (including relevant affiliations) in the transaction. The interested person shall make that disclosure promptly upon learning of the proposed transaction. Insiders shall make disclosures on behalf of interested persons related to them regardless of whether the related interested person does so. The Board or Committee shall determine if a conflict of interest exists. The insider(s) and any other interested person(s) involved with the transaction shall not be present during the Board or Committee's discussion or determination of whether a conflict of interest exists. Once a conflict of interest has been found, the Board or Committee shall follow the procedures to decide what measures are needed to protect the Foundation's interests in light of the nature and seriousness of the conflict, to decide whether to enter into the transaction and, if so, to ensure that the terms of the transaction are appropriate. In the case of an insider who is a director, the director shall not vote on any transaction in which the director has an interest, and the remaining Board or Committee members shall decide the matter. |
| Form 990, Part VI, Line 15a Process to establish compensation of top management official |
The Board of Directors sets the salary for the CEO based on annual wage and benefit surveys, regional compensation market data and annual performance reviews. The salary for the new CEO appointed July 1, 2014 was established following a national search process, compensation study of market data for the San Francisco Bay Area and confidential negotiations. The process was led by the Search Committee of the Board, and the CEO's salary was approved by the full Board of Directors following a vote during executive session. |
| Form 990, Part VI, Line 19 Required documents available to the public |
Governing documents (e.g., Bylaws) and Conflict of Interest Policy are available upon request. Audited Financial Statements and Tax Form 990 are published on our website (www.womensfoundca.org). Hard copies are available upon request. |
| Form 990, Part VIII, Line 11d Other Miscellaneous Revenue |
All Other Revenue - Total Revenue: 52104, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 52104; |
| Form 990, Part IX, Column (c) Management Expenses |
The Foundation incurred a number of one-time costs of approximately $194,000 during FY2015 in conjunction with a leadership transition and an office move from San Francisco to Oakland. Executive search services, coaching and communications work were undertaken to support the smooth transition between CEOs. The office move included some capital expenses, such as minor construction, office furniture and equipment. The move will result in significant operational costs savings in FY2016 and beyond. |
| Form 990, Part IX, Line 11g Other Fees |
Consultants - Total Expense: 716645, Program Service Expense: 539161, Management and General Expenses: 162813, Fundraising Expenses: 14671; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; |
Attach to Form 990 or 990-EZ.