2024-05-17T08:25:31-05:00 2023-12-31 521073331 DEMBO JONES PC 6116 EXECUTIVE BLVD SUITE 500 NORTH BETHESDA MD 20852 990 2023-01-01 824044837 CENTRI TECH FOUNDATION CENT 2029918579 1717 PENNSYLVANIA AVE NW WASHINGTON DC 20006 MICHAEL STAPLES TREASURER & SECRETARY 5712146223 2024-05-16 1 MICHAEL STAPLES 999009999 0 DAVID J SHERDEL CPA P01306021 3017705100 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z X MARTA URQUILLA 1717 PENNSYLVANIA AVE NW WASHINGTON DC 20006 583896 0 X CENTRITECHFDN.ORG X 2018 DC CENTRI TECH FOUNDATION SUPPORTS LOCAL COMMUNITY DEVELOPMENT ORGANIZATIONS TO SOLVE PROBLEMS IN THEIR COMMUNITY BY BRINGING TOGETHER STAKEHOLDERS TO CREATE SUSTAINABLE ASSET BUILDING SOLUTIONS THAT YIELD LONG TERM ECONOMIC, HEALTH AND EDUCATIONAL ENHANCEMENT TO ITS RESIDENTS BY LEVERAGING TECHNOLOGY AND INNOVATIVE SOLUTIONS. 3 3 12 3 0 0 160000 554325 0 0 23007 29571 0 0 183007 583896 1509336 1542336 0 0 476126 587162 0 0 99630 767406 580100 2752868 2709598 -2569861 -2125702 3215688 1251114 25 25 3215663 1251089 X CENTRI TECH FOUNDATION SUPPORTS LOCAL COMMUNITY DEVELOPMENT ORGANIZATIONS TO SOLVE PROBLEMS IN THEIR COMMUNITY BY BRINGING TOGETHER STAKEHOLDERS TO CREATE SUSTAINABLE ASSET BUILDING SOLUTIONS THAT YIELD LONG TERM ECONOMIC, HEALTH AND EDUCATIONAL ENHANCEMENT TO ITS RESIDENTS BY LEVERAGING TECHNOLOGY AND INNOVATIVE SOLUTIONS. 0 0 1747887 1500000 SOCIAL JUSTICE INNOVATION AWARDS IN SEPTEMBER 2023, THE CENTRI TECH FOUNDATION, IN PARTNERSHIP WITH MORGAN STANLEY, ANNOUNCED SIX WINNERS OF THE 2023 SOCIAL JUSTICE INNOVATION AWARDS (SJIA), A PROGRAM NOW IN ITS SECOND YEAR AND SUPPORTED BY MORGAN STANLEY THAT AIMS TO IDENTIFY AND INVEST IN BREAKTHROUGH IDEAS FOR SOCIAL JUSTICE. OVER 2022 AND 2023, CTF PROVIDED $2.75M IN FINANCIAL INVESTMENT ALONG WITH SUPPORT TO 11 LEADERS WHO ARE PROMOTING OPPORTUNITY AND INCLUSION ACROSS A SPECTRUM OF ISSUES FROM MENTAL HEALTH, ACCESS TO TECHNOLOGY, EDUCATION, PUBLIC BENEFITS, REHABILITATIVE JUSTICE, AND CULTURAL HERITAGE PRESERVATION.2023 AWARDEES RECEIVED $250,000 AND BESPOKE SUPPORT TO DEVELOP THEIR INNOVATIONS. THEY ALSO WERE INVITED TO JOIN A 9-MONTH FELLOWSHIP COHORT DESIGNED TO PROMOTE COLLABORATION, BUILD LEADERSHIP CAPACITY, AND INCREASE THEIR ACCESS TO NETWORKS. THE FELLOWSHIP COMMENCED WITH AN IN-PERSON CONVENING IN WASHINGTON, D.C., IN LATE SEPTEMBER. FROM NOVEMBER - DECEMBER 2023, THE COHORT CONNECTED WITH LEADING EXPERTS FOR STRATEGIC SESSIONS FOCUSED ON TECHNOLOGY, LEADERSHIP AND MANAGEMENT.- CTF AND THE SJIA FELLOWS ATTENDED A DAY-LONG EVENT AT MORGAN STANLEY, WHICH INCLUDED A FIRESIDE CHAT FEATURING CTF CHAIR, REY RAMSEY, AND MORGAN STANLEY GLOBAL HEAD OF TALENT, SUSAN REID. THE EVENT WAS PRECEDED BY A CLOSED-DOOR SESSION FOR SJIA FELLOWS AND SELECT MORGAN STANLEY EXECUTIVES TO DISCUSS GENERATIVE AI AND INCLUSIVE ENTREPRENEURSHIP.- CTF CHAIR REY RAMSEY LED A LEADERSHIP MANAGEMENT STRATEGY SESSION FOCUSED ON THE DYNAMIC MANAGEMENT MAP AND INVERTED PYRAMID MODELS, OFFERING A PLATFORM FOR FELLOWS TO DISCUSS LEADERSHIP CHALLENGES AND GAIN INSIGHTS FROM THE GROUP.IN NOVEMBER, CTF OFFICIALLY LAUNCHED THE 2024 SOCIAL JUSTICE INNOVATION AWARDS, EXTENDING A CALL FOR NOMINATIONS TO A NATIONAL NETWORK OF SUBJECT MATTER EXPERTS AND SOCIAL JUSTICE PRACTITIONERS. IN EARLY 2024, NOMINEES WILL BE INVITED TO APPLY FOR THE AWARDS, WITH THE EXTERNAL REVIEW AND SELECTION PROCESS SLATED TO BEGIN IN LATE SPRING 2024. WINNERS WILL BE ANNOUNCED IN LATE 2024. 493768 42336 DIGITAL ADVANCEMENT INSTITUTE:THE CENTRI TECH FOUNDATION SEEKS TO LEVERAGE INVESTMENTS IN TECHNOLOGY ACCESS AND ADOPTION TO BUILD AN INCLUSIVE DIGITAL ECONOMY. BY EXTENDING AFFORDABLE, RELIABLE HIGH-SPEED INTERNET TO EVERY AMERICAN NOT ONLY WHERE THEY WORK AND LEARN, BUT ALSO WHERE THEY LIVE, LEADERS CAN IMPLEMENT BOLD STRATEGIES THAT DRIVE TECHNOLOGY-BASED ECONOMIC DEVELOPMENT AND EXPAND PROSPERITY FOR ALL. THIS APPROACH IS CALLED DIGITAL ADVANCEMENT, A NEW MINDSET THAT BELIEVES WHEN PEOPLE ARE CONNECTED, OUR SHARED POSSIBILITIES ARE LIMITLESS. IN OCTOBER 2023, WE RELEASED V2.0 OF THE DIGITAL ADVANCEMENT MUNICIPAL INDEX ("MUNI INDEX"), A TOOL DESIGNED TO MEASURE U.S. CITIES' PROGRESS TOWARD SHARED PROSPERITY. USING 16 INDICATORS FROM FOUR CATEGORIES TECHNOLOGY, SOCIOECONOMICS, EDUCATION, AND HOUSING, THE MUNI INDEX CAPTURES AND COMPARES A CITY'S OVERALL PROSPERITY AND DIGITAL EQUITY METRICS ACROSS NEARLY U.S. CITIES WITH POPULATIONS OVER 65,000. OUR REFRESHED INDEX INCLUDES UPDATED DATA FOR 540 CITIES, FRESH INSIGHTS, AND NEW VISUALIZATIONS.LOOK AHEAD 2024: CTF IS COMMITTED TO SHARING MORE DATA AND INSIGHTS WITH COMMUNITIES TO HELP ENRICH STRATEGIC DECISION MAKING AND IMPROVE QUALITY OF LIFE. CTF WILL CONTINUE TO WORK WITH EXTERNAL STAKEHOLDERS TO ITERATE AND AMPLIFY THE MUNICIPAL INDEX VIA ENGAGEMENT AND KNOWLEDGE SHARING. IN WINTER 2024, THE DIGITAL ADVANCEMENT INSTITUTE WILL PRESENT THE MUNI INDEX AT THE NET INCLUSION CONFERENCE, WHICH WILL GATHER 1300 ATTENDEES IN PHILADELPHIA, PA. IN SPRING 2024, CTF WILL UPDATE THE TOOL WITH 2022 PUBLIC DATA FROM THE US CENSUS. AS STATES PREPARE TO DISBURSE FEDERAL FUNDS FOR DIGITAL EQUITY IN THE COMING YEAR, EMPHASIS WILL BE GIVEN TO LEVERAGING THE TOOL TO HELP STAKEHOLDERS RESPOND TO AND PREPARE FOR THOSE OPPORTUNITIES. TO HELP CITIES PROGRESS ALONG THE INDEX, THE DIGITAL ADVANCEMENT INSTITUTE WILL SHARE RESOURCES, AS WELL AS ACCESS TO DATA AND EXPERT NETWORKS, ENGAGING PARTNERS ACROSS GOVERNMENT, THE PRIVATE SECTOR, PHILANTHROPY AND NONPROFITS. 148726 DIGITAL INTEGRATORS PROGRAM:BUILDING ON OUR DIGITAL INTEGRATORS PROGRAM, CTF DESIGNED THE COMMUNITY SKILLS CONNECT INITIATIVE TO DELIVER DIGITAL WORKFORCE SKILLS TRAINING, INFORMATION, AND RESOURCES TO LOW-INCOME JOB SEEKERS. IN FALL 2023, CTF RECEIVED SUPPORT FROM VERIZON'S COMMUNITY ENHANCEMENT AWARD, A $1 MILLION NATIONAL INITIATIVE TO ENSURE COMMUNITIES HAVE ACCESS TO THE TOOLS AND SKILLS TO NAVIGATE AN INCREASINGLY TECHNOLOGICAL WORLD. AS ONE OF 10 GRANTEES, CTF WILL USE THE GRANT TO IMPLEMENT THIS INITIATIVE IN THE CITIES OF WASHINGTON, DC, PHILADELPHIA, PA, AND BALTIMORE, MD.LOOK AHEAD 2024: CTF WILL LAUNCH COMMUNITY SKILLS CONNECT, A NEW DIGITAL WORKFORCE DEVELOPMENT INITIATIVE TO CONNECT JOBSEEKERS IN BALTIMORE, MD, PHILADELPHIA, PA, AND WASHINGTON, DC, TO DIGITAL SKILLS TRAINING OPPORTUNITIES AND LOCAL WORKFORCE DEVELOPMENT RESOURCES. WORKING WITH COMMUNITY PARTNERS IN EACH CITY, THE INITIATIVE AIMS TO HELP UNDERSERVED JOB SEEKERS NAVIGATE THE LOCAL DIGITAL WORKFORCE DEVELOPMENT ECOSYSTEM AND ACCESS OPPORTUNITIES SUCH AS DIGITAL SKILLS TRAINING, RESKILLING AND UPSKILLING PROGRAMS, AND TRAINING FOR TECH CAREERS AND ENTREPRENEURSHIP. ADDITIONALLY, A PARTNERSHIP WITH CENTRI LIFE, A DIGITAL PLATFORM, WILL CONNECT RESIDENTS TO LOCAL PATHWAYS FOR ECONOMIC AND EDUCATIONAL OPPORTUNITIES. THIS INITIATIVE IS SUPPORTED BY THE VERIZON COMMUNITY ENHANCEMENT AWARD, ATHE COMMUNITY SKILLS CONNECT INITIATIVE WILL PARTNER WITH AND PROMOTE THE EFFORTS OF THREE, ON-THE-GROUND ORGANIZATIONS THAT ARE CONNECTING RESIDENTS TO THE INTERNET, DIGITAL SKILLS TRAINING, WORKFORCE DEVELOPMENT OPPORTUNITIES, AND WRAPAROUND SUPPORT SERVICES AS A MEANS TO EXPAND DIGITAL ACCESS AND INCREASE ECONOMIC OPPORTUNITY.VIA CENTRI LIFE, A WEB-BASED PLATFORM, COMMUNITY SKILLS CONNECT WILL HELP JOBSEEKERS DISCOVER AND ACCESS LOCAL TRAINING OPPORTUNITIES FOR DIGITAL LITERACY, DIGITAL SKILLS, RESKILLING, AND UPSKILLING; EARN CREDENTIALS; IDENTIFY PATHWAYS FOR JOBS AND CAREERS; AND APPLY FOR JOBS. THE PLATFORM WILL FEATURE CURATED INFORMATION, SERVICES, AND RESOURCES, INCLUDING PRACTICAL TOOLS, IN-PERSON EVENTS, AND A VIRTUAL CAREER SERIES FOR TECH ENTREPRENEURS. OUTREACH AND ENGAGEMENT WILL BE FACILITATED BY A TRAIN-THE-TRAINER MODULE. 76459 JUNIOR HOUSING & COMMUNITY DEVELOPMENT FELLOW:FOR THE THIRD YEAR IN A ROW, CTF IMPLEMENTED A 10-WEEK SUMMER PROGRAM (JULY 3- SEPTEMBER 11, 2023), PROVIDING INSTRUCTION AND APPLIED LEARNING IN THE AREAS OF COMMUNITY DEVELOPMENT, AFFORDABLE HOUSING, BROADBAND TECHNOLOGY, RESIDENT SERVICES, AND IMPACT INVESTING SECTORS. THE STUDENT FELLOW WAS A RISING CAL POLY TECH GRADUATE STUDENT AND A TRACK AND FIELD ATHLETE.CTF FACILITATED SITE VISITS TO CHARLOTTE, NC, NEW YORK, NY, AND WASHINGTON, D.C., TO MEET WITH COMMUNITY DEVELOPMENT AND AFFORDABLE HOUSING PROFESSIONALS AND ORGANIZATIONS. THE PROGRAM CONCLUDED WITH THE CANDIDATE DELIVERING A CAPSTONE PROJECT PRESENTATION TO CENTRI AND MORGAN STANLEY LEADERSHIP FOCUSED ON A MOCK COMMUNITY DEVELOPMENT PROJECT IN JACKSON, MS, AIMING TO PROVIDE AFFORDABLE LOW-INCOME HOUSING TO TENANTS RANGING FROM 30% OF THE AREA MEDIAN INCOME TO 80%. FOR 2024, THE JUNIOR HOUSING FELLOWSHIP WILL CONTINUE TO PARTNER WITH CAL POLY TECH DURING THE ACADEMIC YEAR AND SUMMER. IN ADDITION, THE PROGRAM SEEKS TO EXPAND TO LOCAL UNIVERSITIES IN THE WASHINGTON, D.C. REGION. 76459 2466840 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 10 0 1 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 DC X X MICHAEL STAPLES 5712146223 25302 DILIGENCE CT ALDIE VA 20105 REY RAMSEY CHAIRMAN 5.00 X 0 0 0 WENDELL BROWN DIRECTOR 2.00 X 0 0 0 CLYDE EDWARDS DIRECTOR 2.00 X 0 0 0 KAT TRUJILLO PROGRAM DIRECTOR, SIJA 40.00 X 95417 0 5988 MARC MCALEAVEY PROGRAM DIRECTOR, DIGITAL ADVANCEMENT 40.00 X 43542 0 9507 KENDRA HILLS PROGRAM DIRECTOR, DIGITAL ADVANCEMENT 40.00 X 54697 0 3363 TYRELL HOLCOMB DIRECTOR OF DEVELOPMENT 40.00 X 87413 0 5710 MARTA URQUILLA PRESIDENT 40.00 X 188000 0 18781 MICHAEL STAPLES TREASURY & SECRETARY 5.00 X 0 0 0 STEVEN TEPLITZ GENERAL COUNSEL 5.00 X 0 0 0 469069 0 43349 1 0 1 0 0 554325 554325 29571 29571 583896 0 0 29571 1542336 1542336 505100 402338 18139 84623 41511 32429 1491 7591 40551 31679 1456 7416 11215 11215 149997 49685 100312 1343 1343 10029 857 9172 11516 11516 396000 396000 2709598 2466840 143128 99630 1146345 156707 1086292 1094407 983051 0 3215688 1251114 25 25 25 25 X 3215663 1251089 3215663 1251089 3215688 1251114 -2125702 161128 0 X X 0 1 X 1 0 X 150000 3000000 4557800 160000 554325 8422125 150000 3000000 4557800 160000 554325 8422125 8422125 2479 23007 29571 55057 8477182 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 733809 161128 161128 572681 11215 11215 583896 2709598 0 2709598 0 2709598 PART X, LINE 2: CENTRI TECH FOUNDATION IS EXEMPT FROM THE PAYMENT OF INCOME TAXES ON ITS EXEMPT ACTIVITIES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. UNDER THESE PROVISIONS, NO TAX IS IMPOSED ON ANY INCOME RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE. THE ORGANIZATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF DECEMBER 31, 2023 AND 2022. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION'S FEDERAL AND STATE INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND STATE TAX AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS AFTER THE RETURNS ARE FILED. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES 1 THE BEAN PATH 451 N GALLATIN STREET JACKSON MS 39203 821523381 501(C)(3) 0 250000 SJIA AWARD RECEIPIENT BENEFITS DATA TRUST 1500 MARKET STREET SUITE 2700 PHILADELPHIA PA 19102 203455598 501(C)(3) 0 250000 SJIA AWARD RECEIPIENT CAPITAL CAUSE 11806 JESTER COURT BOWIE MD 20721 271342153 501(C)(3) 0 250000 SJIA AWARD RECEIPIENT INDIGIGENIUS 522 W RIVERSIDE AVE STE 4934 SPOKANE WA 95691 920498044 501(C)(3) 0 250000 SJIA AWARDS RECEIPIENT INFINITE FOCUS INC 1726 MONTPELIER STREET BALTIMORE MD 21218 824481194 0 250000 SJIA AWARD RECIPIANT FREEDOM READS 2666 STATE STREET SUITE5A HAMDEN CT 06517 873023665 501(C)(3) 0 250000 SJIA AWARD RECIPIANT WESLEY HOUSING 2311 HUNTINGTON AVE ALEXANDRIA VA 22303 510155779 501(C)(3) 0 42336 DIGITAL ADVANCEMENT GRANT 6 7 PART I, LINE 2: CENTRI TECH FOUNDATION CURRENTLY MAKES GRANT AWARDS VIA TWO PROGRAMS: DIGITAL INTEGRATORS AND THE SOCIAL JUSTICE INNOVATION AWARDS. GRANTS ARE MADE AS EITHER 1) A DISCRETIONARY, INVITATION-ONLY AWARD TO AN ORGANIZATION, OR 2) A COMPETITIVELY SELECTED AWARD TO AN INDIVIDUAL OR GROUP OF INDIVIDUALS IN ASSOCIATION WITH AN ORGANIZATION. UPON SELECTION, CTF IMPLEMENTS THE FOLLOWING PROCESS TO DISTRIBUTE GRANT AWARDS: 1. CTF PROGRAM DIRECTOR NOTIFIES GRANT RECIPIENT(S) BY PHONE CALL OR EMAIL. 2. CTF PROGRAM DIRECTOR SENDS EMAIL DOCUMENTATION, WHICH INCLUDES A GRANT LETTER SIGNED BY THE PROGRAM DIRECTOR AND A GRANT AGREEMENT SIGNED BY CTF PRESIDENT AND COUNTERSIGNED BY THE GRANTEE. THESE ITEMS ARE COLLECTED AND RETAINED BY CTF ACCOUNTING, FINANCE, & COMPLIANCE. 3. CTF ACCOUNTING, FINANCE, & COMPLIANCE PERSONNEL (CURRENT: MICHAEL STAPLES) SENDS THE GRANTEE AN INVITATION TO JUSTWORKS, PAYMENT COMPLIANCE PLATFORM. 4. GRANT RECIPIENT RECEIVES JUSTWORKS INVITATION AND COMPLETES ACCOUNT SETUP, INCLUDING SUBMITTING COMPLIANCE/TAX DOCUMENTATION. 5. GRANT RECIPIENT SUCCESSFULLY SETS UP JUSTWORKS ACCOUNT. 6. CTF ACCOUNTING, FINANCE, & COMPLIANCE PERSONNEL (CURRENT: MICHAEL STAPLES) CONFIRMS GRANT AMOUNT WITH PROGRAM DIRECTOR AND PRESIDENT. 7. CTF ACCOUNTING, FINANCE, & COMPLIANCE PERSONNEL (CURRENT: MICHAEL STAPLES) INITIATES TRANSFER OF FUNDS. 8. GRANT RECIPIENT COMPLETES ACKNOWLEDGEMENT OF RECEIPT OF FUNDS FORM AND RETURNS TO CTF ACCOUNTING, FINANCE, & COMPLIANCE PERSONNEL (CURRENT: MIKE STAPLES). 9. GRANT RECIPIENT COMPLETES REQUIRED REPORTING, AS DEFINED IN THE GRANT AGREEMENT. CENTRI TECH FOUNDATION MONITORS GRANT AWARDS THROUGH REGULAR ENGAGEMENT OF GRANTEES AND A REQUIRED WRITTEN FINAL REPORT AT THE CONCLUSION OF THE GRANT PERIOD, AS SPECIFIED IN THE GRANTEE LETTER AND AGREEMENT. CTF CONVENES GRANTEES BOTH FORMALLY AND INFORMALLY, AS COHORTS AND INDIVIDUALS, TO COLLECT INFORMATION ABOUT THEIR PERFORMANCE AND PROGRESS AND TO MEASURE IMPACT. X X X 0 0 0 0 0 0 0 0 0 MARTA URQUILLA PRESIDENT 188000 0 0 0 0 0 0 0 18781 0 206781 0 0 0 CENTRI TECH LLC FOUNDER ACCOUNTS PAYABLE X 25 0 1 0 25 REY RAMSEY SOLE OWNER OF CENTRI TECH LLC 487500 PAYMENT FOR PROGRAM SERVICES AND BACK OFFICE ADMINISTRATIVE SERVICES 1 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTANT, AND REVIWED BY THE BOARD OF DIRECTORS BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES AND DIRECTORS ARE REQUIRED TO SIGN AND ATTEST TO UNDERSTANDING AND ABIDING BY THE ORGANIZATION'S CODE OF BUSINESS CONDUCT AND ETHICS. THE CODE OF CONDUCT POLICY IS ADMINISTERED AND ENFORCED AT EVERY LEVEL OF CENTRI TECH FOUNDATION FOR INTERNAL AND EXTERNAL AFFAIRS. TRAINING, EDUCATION AND IMPLEMENTATION IS GENERALLY SUPERVISED BY THE HEAD OF HUMAN RESOURCES, THE PRESIDENT, AND CTF'S GENERAL COUNSEL. REGULAR REVIEWS OF FINANCIAL ACTIVITIES AND VETTING OF PARTNERSHIP, SUPPLIER AND GRANT AGREEMENTS BY ORGANIZATION'S LEADERSHIP. FORM 990, PART VI, SECTION B, LINE 15 THIS POLICY OUTLINES THE FRAMEWORK FOR DETERMINING COMPENSATION FOR THE PRESIDENT OF THE CENTRI TECH FOUNDATION ("CTF"). THE OBJECTIVE IS TO ESTABLISH A FAIR AND TRANSPARENT PROCESS THAT ALIGNS WITH OUR MISSION, ATTRACTS AND RETAINS TALENTED LEADERS, AND ENSURES APPROPRIATE USE OF RESOURCES. THIS POLICY REQUIRES APPROVAL BY INDEPENDENT MEMBERS OF THE CTF BOARD AND INCORPORATES THE USE OF COMPARABILITY DATA TO DETERMINE COMPENSATION. CTF IS COMMITTED TO PROVIDING COMPETITIVE COMPENSATION TO ATTRACT AND RETAIN A QUALIFIED PRESIDENT WHO CAN EFFECTIVELY LEAD THE ORGANIZATION IN ACHIEVING ITS MISSION. COMPENSATION WILL BE SET AT A LEVEL THAT IS REASONABLE AND NOT EXCESSIVE, TAKING INTO ACCOUNT THE ORGANIZATION'S FINANCIAL RESOURCES AND THE PRESIDENT'S RESPONSIBILITIES, QUALIFICATIONS, AND PERFORMANCE. THE CTF BOARD OF DIRECTORS SHALL ESTABLISH A COMPENSATION COMMITTEE ("COMMITTEE") COMPOSED OF INDEPENDENT BOARD MEMBER(S) WHO HAVE NO CONFLICTS OF INTEREST WITH THE PRESIDENT OR OTHER ORGANIZATIONAL STAKEHOLDERS. RECOMMENDATIONS RELATED TO THE PRESIDENT'S COMPENSATION PACKAGE, INCLUDING SALARY, BENEFITS, BONUSES, AND ANY OTHER INCENTIVES, SHALL BE REVIEWED AND APPROVED BY THE INDEPENDENT MEMBERS OF THE CTF BOARD BASED ON THE COMMITTEE'S FINDINGS, COMPARABILITY DATA, AND SUBSTANTIATION OF THE DELIBERATION PROCESS. THE COMMITTEE SHALL UTILIZE RELEVANT COMPARABILITY DATA TO DETERMINE COMPENSATION FOR THE PRESIDENT. SUCH DATA MAY INCLUDE INDUSTRY KNOWLEDGE BY COMMITTEE MEMBERS, COMPENSATION SURVEYS CONDUCTED BY REPUTABLE ORGANIZATIONS, COMPENSATION STUDIES SPECIFIC TO THE NON-PROFIT SECTOR, AND COMPENSATION DATA FROM SIMILAR ORGANIZATIONS OF COMPARABLE SIZE AND COMPLEXITY. THE COMPARABILITY DATA SHOULD COVER RELEVANT POSITIONS WITHIN THE NON-PROFIT SECTOR AND TAKE INTO CONSIDERATION FACTORS SUCH AS GEOGRAPHIC LOCATION, ORGANIZATION SIZE, MISSION FOCUS, AND INDUSTRY STANDARDS. THE COMMITTEE SHALL CONSIDER BOTH THE MEDIAN AND THE RANGE OF COMPENSATION DATA TO ESTABLISH A REASONABLE AND COMPETITIVE COMPENSATION PACKAGE. THE COMMITTEE MAY ENGAGE EXTERNAL COMPENSATION CONSULTANTS, AS NECESSARY, TO ASSIST IN GATHERING AND ANALYZING THE COMPARABILITY DATA AND PROVIDE EXPERT ADVICE. BASE SALARY: THE BASE SALARY SHOULD REFLECT THE PRESIDENT'S RESPONSIBILITIES, EXPERIENCE, QUALIFICATIONS, AND PERFORMANCE. IT SHOULD BE COMPETITIVE WITHIN THE NON-PROFIT SECTOR AND COMMENSURATE WITH THE SIZE AND COMPLEXITY OF THE ORGANIZATION. BENEFITS: THE ORGANIZATION MAY PROVIDE A COMPREHENSIVE BENEFITS PACKAGE, INCLUDING HEALTH INSURANCE, RETIREMENT PLANS, VACATION, AND OTHER FRINGE BENEFITS. THE BENEFITS SHOULD BE REASONABLE AND CONSISTENT WITH INDUSTRY STANDARDS. BONUSES AND INCENTIVES: PERFORMANCE-BASED BONUSES AND INCENTIVES MAY BE CONSIDERED TO REWARD EXCEPTIONAL PERFORMANCE AND ACHIEVEMENT OF STRATEGIC GOALS. SUCH BONUSES SHOULD BE TIED TO PREDETERMINED PERFORMANCE METRICS AND BE BASED ON MEASURABLE OUTCOMES. THE COMMITTEE SHALL MAINTAIN DOCUMENTATION OF THE DECISION-MAKING PROCESS, INCLUDING MINUTES OF BOARD MEETINGS, DISCUSSIONS, AND SUPPORTING MATERIALS USED IN DETERMINING COMPENSATION. THE COMMITTEE SHALL CONDUCT AN ANNUAL REVIEW OF COMPENSATION PAID TO THE PRESIDENT TO ENSURE ONGOING ALIGNMENT WITH THE ORGANIZATION'S GOALS, CONSIDERATION OF THE ORGANIZATION'S FINANCIAL HEALTH, AND CHANGING MARKET CONDITIONS. THE REVIEW PROCESS SHOULD INCLUDE AN ASSESSMENT OF THE PRESIDENT'S PERFORMANCE AND STRATEGIC OBJECTIVES. CTF SHALL DISCLOSE COMPENSATION IN ACCORDANCE WITH APPLICABLE LEGAL REQUIREMENTS, SUCH AS THE INTERNAL REVENUE CODE AND ANY OTHER RELEVANT REGULATORY OR REPORTING OBLIGATIONS. THIS COMPENSATION POLICY SHALL BE REVIEWED PERIODICALLY BY THE CFT BOARD AND UPDATED AS NECESSARY TO REFLECT BEST PRACTICES AND COMPLY WITH LEGAL AND REGULATORY REQUIREMENTS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES TO THE OVERSIGHT PROCESS FROM THE PRIOR YEAR.