| FORM 990, PART V |
LINE 2A, NUMBER OF EMPLOYEES REPORTED ON FORM W-3: DENVER PUBLIC SCHOOLS FOUNDATION CO-EMPLOYS ITS EMPLOYEES THROUGH AN UNRELATED PORFESSIONAL EMPLOYER ORGANIZATION (PEO) AND, AS SUCH, THE PEO IS RESPONSIBLE FOR FILING FORMS W-2 AND ALL PAYROLL TAX REPORTS. SALARIES AND PAYROLL TAXES PAID THROUGH THE PEO ARE REFLECTED AS IF DPS FOUNDATION WERE THE SOLE EMPLOYER FOR PURPOSES OF THE FUNCTIONAL EXPENSES AND COMPENSATION INFORMATION. |
| FORM 990, PAGE 6, PART VI, LINE 11B |
BEFORE FILING FORM 990, A DETAILED REVIEW OF THE FORM IS PERFORMED BY THE PRESIDENT/CEO, AUDIT COMMITTEE, AND BOARD TREASURER. FINALLY, THE ENTIRE FORM 990 IS INCLUDED IN THE BOARD PACKET SENT TO EACH BOARD MEMBER FOR REVIEW PRIOR TO FILING. |
| FORM 990, PAGE 6, PART VI, LINE 12C |
ANNUALLY ALL BOARD OF DIRECTORS AND ALL EMPLOYEES ARE OBLIGATED TO COMPLETE AND SIGN A CONFLICT OF INTEREST FORM DISCLOSING ANY AND ALL POTENTIAL CONFLICTS OF INTEREST. ALL POTENTIAL CONFLICTS OF INTEREST LISTED ARE REVIEWED BY THE PRESIDENT/CEO AND BOARD CHAIR TO DETERMINE APPROPRIATE ACTION NECESSARY TO MITIGATE ANY POTENTIAL CONFLICT. APPROPRIATE ACTION MAY INVOLVE DISALLOWING THE PERSON TO CONDUCT TRANSACTIONS, PROHIBITING THE PERSON FROM PARTICIPATION IN THE BOARD'S DELIBERATIONS AND ABSTAINING FROM VOTING ON THOSE MATTERS, AND/OR CEASING TO CONDUCT BUSINESS WITH AN INDIVIDUAL OR ORGANIZATION. THE BOARD OF DIRECTORS IS NOTIFIED OF ALL POTENTIAL CONFLICTS OF INTEREST AS WELL AS ANY ACTION TAKEN TO MITIGATE THE POTENTIAL CONFLICT. |
| FORM 990, PAGE 6, PART VI, LINE 15A |
THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS DETERMINES COMPENSATION AND BONUS AMOUNTS FOR THE PRESIDENT/CEO. THE EXECUTIVE COMMITTEE CONSIDERS A SELF-EVALUATION DRAFTED BY THE PRESIDENT/CEO AND ALSO COMPARES PERFORMANCE AGAINST ESTABLISHED GOALS, THE SKILL SET, AND PAST PERFORMANCE OF THE PRESIDENT/CEO, REVIEWS COMPENSATION AND BONUS AMOUNTS AT OTHER SIMILARLY SIZED NOT-FOR-PROFIT ORGANIZATIONS, CONSULTS WITH AN EXECUTIVE COACH/CONSULTANT ABOUT TRENDS, AND REVIEWS THE CURRENT ECONOMY TO DETERMINE COMPENSATION AND BONUS AMOUNTS. COMPENSATION AND BONUS AMOUNTS ARE REVIEWED ANNUALLY FOR THE PRESIDENT/CEO. |
| FORM 990, PAGE 6, PART VI, LINE 15B |
COMPENSATION FOR ALL OTHER EMPLOYEES IS DETERMINED BY THE SKILL SET OF THE EMPLOYEE, PAST PERFORMANCE, AND IS BASED ON CURRENT MARKET PRACTICES FOR SIMILAR DUTIES PERFORMED BY INDIVIDUALS IN ORGANIZATIONS OF SIMILAR SIZE. COMPENSATION IS DIRECTLY APPROVED BY THE PRESIDENT/CEO AND ULTIMATELY IS APPROVED BY THE BOARD AS PART OF ITS APPROVAL OF THE ANNUAL BUDGET. |
| FORM 990, PAGE 6, PART VI, LINE 19 |
GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ALL AVAILABLE TO THE PUBLIC UPON REQUEST. A FINANCIAL SUMMARY OF THE ORGANIZATION IS AVAILABLE TO THE PUBLIC IN OUR ANNUAL REPORT. IN ADDITION, CERTAIN GOVERNING DOCUMENTS ARE AVAILABLE FROM OTHERS' WEBSITES. |
| FORM 990, PAGE 12, PART XII, LINE 2C |
DENVER PUBLIC SCHOOLS FOUNDATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THERE WERE NO CHANGES TO THE PROCEDURES FOLLOWED BY THE AUDIT COMMITTEE IN PERFORMING THESE RESPONSIBILITIES THIS YEAR. |
Attach to Form 990 or 990-EZ.