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.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2018
Open to Public
Inspection
Name of the organization
THE MICHIGAN WOMEN'S FOUNDATION
 
Employer identification number

38-2689979
Return Reference Explanation
FORM 990, PART III, LINE 2 IN THE FALL OF 2018, MWF FILED A PROSPECTUS WITH THE STATE OF MICHIGAN TO ISSUE COMMUNITY IMPACT NOTES FOR UP TO $10M. THE CINS ARE UNSECURED DEBT AND THE PROCEEDS ARE TO BE USED IN ONE OF THREE WAYS: TO MAKE MICROLOANS IN INVESTOR-DIRECTED TARGETED AREAS; TO FUND A LOAN LOSS RESERVE FOR LENDING; AND TO DEVELOP A BUILDING FUND FOR THE ORGANIZATION. DURING FY18/19, MWF RAISED $550K IN LOAN FUNDS AND $1M IN LOSS RESERVE FUNDS THROUGH THIS PROGRAM.
FORM 990, PART VI, SECTION A, LINE 1 PER BYLAWS, BOARD OF TRUSTEES MAY DELEGATE ITS POWER AND DUTIES TO MANAGE, DIRECT AND CONTROL THE OPERATIONAL AFFAIRS OF THE CORPORATION TO THE EXECUTIVE COMMITTEE. MEMBERSHIP IS CHAIR OF THE BOARD AND 5 OR MORE TRUSTEES. ACTIONS NOT WITHIN THE SCOPE OF THE EXECUTIVE COMMITTEE INCLUDE: ADOPT AN AGREEMENT OF MERGER OR CONSOLIDATION, AMEND ARTICLES OR BYLAWS, FIX THE COMPENSATION OF ANY PERSON, SELL/LEASE/EXCHANGE/DISPOSE OF PROPERTY, TAKE ANY ACTION CONTRARY TO A DECISION REFLECTED BY A MAJORITY VOTE OF THE FULL BOARD, DISSOLVE THE CORPORATIONS, FILL VACANCIES ON THE BOARD.
FORM 990, PART VI, SECTION A, LINE 4 THE ACTUAL NUMBER OF ACTIVE BOARD MEMBERS CHANGED IN FY18/19 FROM FY17/18. ALSO, THERE WERE BY-LAWS THAT WERE UPDATED AND APPROVED BY THE BOARD AT THE MARCH, 2019 MEETING.
FORM 990, PART VI, SECTION B, LINE 11B ONCE IN FINAL DRAFT, THE FORM 990 IS PROVIDED TO THE FINANCE COMMITTEE FOR REVIEW. ANY FEEDBACK/COMMENTS ARE INCORPORATED INTO THE FORM 990 AND IT IS THEN PROVIDED TO THE FULL BOARD FOR REVIEW. ANY CHANGES BASED ON BOARD REVIEW ARE PROVIDED TO THE AUDIT FIRM FOR FINAL REVISIONS TO THE FORM 990. FORM 990 IS THEN SIGNED BY THE PRESIDENT AND CEO AND SUBMITTED TO THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE BOARD MEMBERS ARE PROVIDED WITH A CONFLICT OF INTEREST FORM TO BE COMPLETED AND SIGNED. THE OFFICE ADMINISTRATOR COLLECTS ALL FORMS AND VERIFIES THEY ARE ALL COMPLETED AND ON FILE. ANY CONFLICTS NOTED ON THE FORMS ARE BROUGHT TO THE PRESIDENT & CEO'S ATTENTION.
FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD DETERMINES THE COMPENSATION OF THE FOUNDATION'S CEO. THIS DECISION WAS MADE PRIOR TO HER OFFER OF THE POSITION. DURING HER EMPLOYMENT, AN ANNUAL PERFORMANCE REVIEW IS CONDUCTED BY THE EXECUTIVE COMMITTEE AND COMPENSATION IS RE-EVALUATED AT THAT TIME. ANY CHANGES ARE DELIBERATED UPON BY THE COMMITTEE AND WOULD BE APPROVED BY THE BOARD. CEO CONTRACT IS 3-YEARS, FROM 1/1/18 - 12/31/20
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.
FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2018


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