TY 2017 Form 990 Schedule O

efile Public Visual Render ObjectId: 201812429349301151 - Submission: 2018-08-30 TIN: 56-6513308

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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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2017

Open to Public
Inspection

Name of the organization

STANLEY & DOROTHY FRANK FAMILY
FOUNDATION

Employer identification number

56-6513308

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 2	WILLIAM FRANK AND BARRY FRANK, BOTH MEMBERS OF THE BOARD OF DIRECTORS, ARE BROTHERS.
FORM 990, PART VI, SECTION A, LINE 7A	THE COMMUNITY FOUNDATION OF GREATER GREENSBORO BOARD OF DIRECTORS APPOINTS THE MAJORITY OF THE MEMBERS OF THE STANLEY & DOROTHY FRANK FAMILY FOUNDATION BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION A, LINE 8B	THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 11B	THE FINANCE COMMITTEE OF COMMUNITY FOUNDATION OF GREATER GREENSBORO, COMPRISED OF ACCOUNTING AND FINANCIAL PROFESSIONALS, REVIEWED THE 990 IN DRAFT FORM PRIOR TO FILING. ALL BOARD MEMBERS WERE PROVIDED WITH A COPY OF THE 990 PRIOR TO ITS FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C	ANNUALLY, BOARD MEMBERS ACKNOWLEDGE THEIR ADHERENCE TO THE CONFLICT OF INTEREST POLICY. EACH INDIVIDUAL LISTS SIGNIFICANT CIVIC, FINANCIAL, AND BUSINESS RELATIONSHIPS FOR THEMSELVES AND SPOUSE. THE LIST IS SUMMARIZED, REVIEWED, AND DISCUSSED AS NECESSARY. ANY DUALITY OR POSSIBLE CONFLICT OF INTEREST ON THE PART OF ANY MEMBER OF THE BOARD OF DIRECTORS OR THE STAFF SHALL BE DISCLOSED TO THE OTHER MEMBERS OF THE BOARD AND MADE A MATTER OF RECORD AS SOON AS THE ISSUES IN QUESTION ARE RAISED AND A POSSIBLE CONFLICT IS KNOWN. THAT PERSON SHALL NOT VOTE ON SUCH MATTER AND SHALL NOT ATTEMPT TO EXERT PERSONAL INFLUENCE IN CONNECTION THEREWITH.
FORM 990, PART VI, SECTION B, LINE 15	THE ORGANIZATION HAS NO FULL-TIME EMPLOYEES. KEY PERSONNEL IN SUPPORT OF THE ORGANIZATION ARE EMPLOYEES OF THE COMMUNITY FOUNDATION OF GREATER GREENSBORO ("CFGG") AND ARE SUBJECT TO COMPENSATION, CLASSIFICATION AND ALL OTHER PERSONNEL POLICIES OF CFGG. CFGG PERIODICALLY REVIEWS ITS CLASSIFICATION AND COMPENSATION STRUCTURE TO ENSURE REASONABLENESS.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND ON THE COMMUNITY FOUNDATION OF GREATER GREENSBORO'S WEBSITE.
FORM 990, PART VII, COMPENSATION FROM RELATED ORGANIZATIONS	H. WALKER SANDERS, DIRECTOR, AND JACQUELINE O'CONNELL, DIRECTOR, RECEIVE COMPENSATION FROM A RELATED ORGANIZATION, THE COMMUNITY FOUNDATION OF GREATER GREENSBORO. COMPENSATION REPORTED IN PART VII FOR THESE INDIVIDUALS IS FOR THE SERVICES PERFORMED FOR THE RELATED ORGANIZATION IN THEIR CAPACITY AS EMPLOYEES FOR THE RELATED ORGANIZATION.

Return Reference

Explanation

FORM 990, PART VI, SECTION A, LINE 2

WILLIAM FRANK AND BARRY FRANK, BOTH MEMBERS OF THE BOARD OF DIRECTORS, ARE BROTHERS.

FORM 990, PART VI, SECTION A, LINE 7A

THE COMMUNITY FOUNDATION OF GREATER GREENSBORO BOARD OF DIRECTORS APPOINTS THE MAJORITY OF THE MEMBERS OF THE STANLEY & DOROTHY FRANK FAMILY FOUNDATION BOARD OF DIRECTORS.

FORM 990, PART VI, SECTION A, LINE 8B

THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.

FORM 990, PART VI, SECTION B, LINE 11B

THE FINANCE COMMITTEE OF COMMUNITY FOUNDATION OF GREATER GREENSBORO, COMPRISED OF ACCOUNTING AND FINANCIAL PROFESSIONALS, REVIEWED THE 990 IN DRAFT FORM PRIOR TO FILING. ALL BOARD MEMBERS WERE PROVIDED WITH A COPY OF THE 990 PRIOR TO ITS FILING WITH THE IRS.

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

ANNUALLY, BOARD MEMBERS ACKNOWLEDGE THEIR ADHERENCE TO THE CONFLICT OF INTEREST POLICY. EACH INDIVIDUAL LISTS SIGNIFICANT CIVIC, FINANCIAL, AND BUSINESS RELATIONSHIPS FOR THEMSELVES AND SPOUSE. THE LIST IS SUMMARIZED, REVIEWED, AND DISCUSSED AS NECESSARY. ANY DUALITY OR POSSIBLE CONFLICT OF INTEREST ON THE PART OF ANY MEMBER OF THE BOARD OF DIRECTORS OR THE STAFF SHALL BE DISCLOSED TO THE OTHER MEMBERS OF THE BOARD AND MADE A MATTER OF RECORD AS SOON AS THE ISSUES IN QUESTION ARE RAISED AND A POSSIBLE CONFLICT IS KNOWN. THAT PERSON SHALL NOT VOTE ON SUCH MATTER AND SHALL NOT ATTEMPT TO EXERT PERSONAL INFLUENCE IN CONNECTION THEREWITH.

FORM 990, PART VI, SECTION B, LINE 15

THE ORGANIZATION HAS NO FULL-TIME EMPLOYEES. KEY PERSONNEL IN SUPPORT OF THE ORGANIZATION ARE EMPLOYEES OF THE COMMUNITY FOUNDATION OF GREATER GREENSBORO ("CFGG") AND ARE SUBJECT TO COMPENSATION, CLASSIFICATION AND ALL OTHER PERSONNEL POLICIES OF CFGG. CFGG PERIODICALLY REVIEWS ITS CLASSIFICATION AND COMPENSATION STRUCTURE TO ENSURE REASONABLENESS.

FORM 990, PART VI, SECTION C, LINE 19

THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND ON THE COMMUNITY FOUNDATION OF GREATER GREENSBORO'S WEBSITE.

FORM 990, PART VII, COMPENSATION FROM RELATED ORGANIZATIONS

H. WALKER SANDERS, DIRECTOR, AND JACQUELINE O'CONNELL, DIRECTOR, RECEIVE COMPENSATION FROM A RELATED ORGANIZATION, THE COMMUNITY FOUNDATION OF GREATER GREENSBORO. COMPENSATION REPORTED IN PART VII FOR THESE INDIVIDUALS IS FOR THE SERVICES PERFORMED FOR THE RELATED ORGANIZATION IN THEIR CAPACITY AS EMPLOYEES FOR THE RELATED ORGANIZATION.

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

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2017

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