2023-11-13T16:45:10-06:00 2022-12-31 840702965 WhippleWood CPAs PC 11852 Shaffer Dr Bldg B Littleton CO 80127 990 2022-01-01 311650658 Community Foundation of the Gunnison Val Formerly Gunnison Area Community Fndn COMM 9706418837 525 North Main St Gunnison CO 81230 LAUREN KUGLER EXECUTIVE DIRECTOR 9706418837 2023-11-13 1 LAUREN KUGLER 999009999 1 Mitchell A Clark CPA P01823166 3039897600 2023-11-13 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z LAUREN KUGLER 525 North Main Street Gunnison CO 81230 2507072 0 X www.cfgv.org X 1997 CO PROVIDE A CHARITABLE CONDUIT TO IMPROVE THE GUNNISON AREA AS A PLACE TO LIVE. 16 15 3 100 0 0 2189996 1799344 0 0 1606753 -39858 168487 171842 3965236 1931328 1170900 1363936 0 0 167458 207809 0 0 20959 295544 343737 1633902 1915482 2331334 15846 14818638 12773315 740238 746623 14078400 12026692 TO PROVIDE A PERMANENT ENTITY TO MANAGE RESOURCES TO HELP BUILD COMMUNITY FOR THE BENEFIT OF ALL RESIDENTS OF THE GUNNISION WATERSHED. 0 0 1809249 1340986 FACILITATE CONTRIBUTIONS AND FUNDING FOR VARIOUS COMMUNITY PROJECTS. 22950 22950 FACILITATE CONTRIBUTIONS FOR SCHOLARSHIPS AND GRANTS. 1832199 1 1 0 0 0 1 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CO X X COMMUNITY FOUNDATION OF THE GV 9706418837 525 NORTH MAIN STREET GUNNISON CO 81230 LAUREN KUGLER ED, EX-OFFICIO 40.00 X X 93959 0 0 BILL BURKE PRESIDENT 5.00 X 0 0 0 ROSE ZEALAND SECRETARY 5.00 X 0 0 0 DAVE CLAYTON VICE PRESIDENT 5.00 X 0 0 0 KATHY BARNHART MEMBER 5.00 X 0 0 0 STEVE BOLTON MEMBER 5.00 X 0 0 0 MARK EWING MEMBER 5.00 X 0 0 0 ANNE HAUSLER MEMBER 5.00 X 0 0 0 COLLEEN HEGEMAN TREASURER 5.00 X 0 0 0 AARON HUCK HUCKSTEP MEMBER 5.00 X 0 0 0 GARY KEISER MEMBER 5.00 X 0 0 0 LEEANN MICK MEMBER 5.00 X 0 0 0 DOUG TREDWAY MEMBER 5.00 X 0 0 0 JANICE WELBORN MEMBER 5.00 X 0 0 0 JACOB WITH MEMBER 5.00 X 0 0 0 CYNTHIA WOLFF MEMBER 5.00 X 0 0 0 CAROL JOHNSON MEMBER 5.00 X 0 0 0 93959 0 0 0 0 0 0 0 1799344 1214 1799344 88762 88762 447124 575744 -128620 -128620 -128620 Other Income 900099 171842 171842 171842 1931328 171842 0 -39858 1340986 1340986 22950 22950 84501 71741 9549 3211 107087 90917 12101 4069 4377 3716 495 166 11844 10056 1338 450 25779 21886 2913 980 5212 4425 589 198 67115 56981 7584 2550 20066 17036 2267 763 15000 12735 1695 570 763 648 86 29 18278 15518 2065 695 Admin Fee 127071 107883 14359 4829 Contract Labor 60719 51551 6861 2307 Fundraising 3734 3170 422 142 1915482 1832199 62324 20959 269331 331919 742370 506492 33302 26682 36151 36151 0 0 13530454 11617055 110781 91041 132400 200126 14818638 12773315 23900 69170 716338 677453 740238 746623 X 2064448 2074154 12013952 9952538 14078400 12026692 14818638 12773315 X 15846 -2171722 104168 X 0 1 X 1 0 X 678537 1298810 1649863 2189996 1799344 7616550 678537 1298810 1649863 2189996 1799344 7616550 7616550 66167 207497 196915 195163 88762 754504 8371054 0.90990 0.50970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 38 789033 483278 6522042 1 1 10318722 -1441693 305124 94481 8477424 9116603 499041 1298883 543351 95731 10275445 5751904 2135762 149082 74831 44886 7917031 5404360 222128 399753 219138 55199 5751904 5604040 308837 -427237 81280 5404360 0.19178 0.80821 0 0 36151 36151 0 0 Agency Obligations 609727 Lease Liabilities 67726 677453 X -240393 -2171721 -2171721 1931328 0 1931328 1915483 0 1915483 0 1915483 Part X, Line 2: The Foundation follows the Accounting for Uncertainty in Income Taxes accounting standard which requires the Foundation to determine whether a tax position (and the related tax benefit) is more likely than not to be sustained upon examination by the applicable taxing authority, based solely on the technical merits of the position. The Foundation believes they have appropriate support for any tax positions taken, and as such, do not have any uncertain tax positions that are significant to the financial statements. The tax returns of the Foundation generally remain subject to audit by the taxing authorities for three years after initial filing date. 1 4-H ForeverCSU Extension 275 S Spruce St Gunnison CO 81230 846000770 501(c)(3) 10000 0 GENERAL OPERATING Adaptive Sports Center PO Box 1639 Crested Butte CO 81224 841063447 501(c)(3) 19100 0 GENERAL OPERATING CB State of Mind PO Box 1083 Crested Butte CO 81224 843477504 501(c)(3) 25893 0 GENERAL OPERATING Center for the Arts PO Box 1819 Crested Butte CO 81224 742451146 501(c)(3) 24450 0 GENERAL OPERATING Coldharbour Institute PO Box 463 Gunnison CO 81230 421608661 501(c)(3) 5700 0 GENERAL OPERATING CB Avalanche Center Inc PO Box 2351 Crested Butte CO 81224 020703033 501(c)(3) 5600 0 GENERAL OPERATING Crested Butte Land Trust PO Box 2224 Crested Butte CO 81224 841190830 501(c)(3) 9900 0 GENERAL OPERATING Crested Butte Mountain Heritage Museum Inc PO Box 2480 Crested Butte CO 81224 841274733 501(c)(3) 8200 0 GENERAL OPERATING Crested Butte Music Festival Inc PO Box 2117 Crested Butte CO 81224 841374824 501(c)(3) 14100 0 GENERAL OPERATING Crested Butte Nordic Council PO Box 1269 Crested Butte CO 81224 841066206 501(c)(3) 9556 0 GENERAL OPERATING Crested Butte Wildflower Festival PO Box 216 Crested Butte CO 81224 841356220 501(c)(3) 6100 0 GENERAL OPERATING Gunnison Council for the Arts 102 South Main Street Gunnison CO 81230 742325340 501(c)(3) 57100 0 GENERAL OPERATING Gunnison Country Food Pantry PO Box 7077 Gunnison CO 81230 208197462 501(c)(3) 15200 0 GENERAL OPERATING Gunnison County Department of Health & Human Services 220 North Spruce Street Gunnison CO 81230 846000770 501(c)(3) 13045 0 GENERAL OPERATING Gunnison County Juvenile Services 200 E Virginia Ave Gunnison CO 81230 846000770 501(c)(3) 5895 0 CHOICE PASS Gunnison County Libraries 1 Quartz Street Gunnison CO 81230 846000770 501(c)(3) 37500 0 GENERAL OPERATING Gunnison County Pioneer & Historical Society 803 East Tomichi Avenue Gunnison CO 81230 840527500 501(c)(3) 20935 0 EQUIPMENT Gunnison Valley Health Foundation 711 North Taylor Gunnison CO 81230 261243347 501(c)(3) 29776 0 EMERGENCY ASSISTANCE Gunnison Valley Mentors 711 North Taylor Gunnison CO 81230 261243347 501(c)(3) 12100 0 GENERAL OPERATING Gunnison Watershed School District RE-1J 800 North Boulevard Gunnison CO 81230 846013483 501(c)(3) 29687 0 GRANTS FOR TEACHERS High Country Conservation Advocates PO Box 1066 Crested Butte CO 81224 840772688 501(c)(3) 7100 0 GENERAL OPERATING KBUT Community Radio PO Box 308 Crested Butte CO 81224 742325285 501(c)(3) 6300 0 GENERAL OPERATING Living Journeys PO Box 2024 Crested Butte CO 81224 341974654 501(c)(3) 11900 0 GENERAL OPERATING Mountain Roots Food Project PO Box 323 Gunnison CO 81230 453815587 501(c)(3) 23750 0 GENERAL OPERATING Ozarks Technical College Foundation 1001 E Chestnut Expwy Springfield MO 65802 431753974 501(c)(3) 50000 0 GENTRY FUND Project Hope of Gunnison Valley PO Box 1812 Gunnison CO 81230 841127292 501(c)(3) 11950 0 GENERAL OPERATING REAL Consulting LLC 519 E 11th St Casper WY 82601 832514956 12660 0 DEI TRAINING Rocky Mountain Biological Laboratory at Gothic PO Box 519 Crested Butte CO 81224 846050523 501(c)(3) 13600 0 GENERAL OPERATING Six Points Evaluation & Training Inc PO Box 1002 Gunnison CO 81230 840852105 501(c)(3) 9540 0 GENERAL OPERATING Cattlemen's DaysTough Enough to Wear Pink PO Box 375 Gunnison CO 81230 721576181 501(c)(3) 9600 0 GENERAL OPERATING Western Colorado University 1 Western Way Gunnison CO 81230 840613140 501(c)(3) 9500 0 PROJECTS Western Colorado University Foundation PO Box 1264 Gunnison CO 81230 840709935 501(c)(3) 13000 0 SCHOLARSHIPS Wonderland Nature School 1498 West Tomichi Avenue Ste C Gunnison CO 81230 461234707 501(c)(3) 9600 0 GENERAL OPERATING Scholarships 8 21500 Part I, Line 2: EXPLANATION: WITH AN ORGANIZATION'S APPLICATION TO THE COMMUNITY FOUNDATION OF THE GUNNISON VALLEY FOR A GRANT, WE REQUIRE A COPY OF THE ORGANIZATION'S CURRENT IRS 501(C)(3) DETERMINATION LETTER OR THAT OF THEIR FISCAL AGENT. STAFF ALSO USES GUIDESTAR "CHARITY CHECK" TO VERIFY CHARITABLE STATUS, IRS DEDUCTIBILITY CODE, AND DEDUCTIBILITY LIMITATIONS; IRS BUSINESS MASTER FILE DATA-IDENTIFY SUPPORTING ORGANIZATIONS AND, WHERE AVAILABLE, TYPE OF SUPPORTING ORGANIZATION IN COMPLIANCE WITH THE PENSION PROTECTION ACT OF 2006; IDENTIFY NONPROFITS WHOSE TAX EXEMPT STATUS HAS BEEN REVOKED UNDER THE PENSION PROTECTION ACT FOR FAILURE TO FILE ANNUAL RETURNS FOR THREE CONSECUTIVE YEARS; AND TO IDENTIFY NONPROFITS WHOSE TAX-EXEMPT STATUS HAS BEEN REVOKED FOR REASONS OTHER THAN FAILURE TO FILE AND LINK DIRECTLY TO INTERNAL REVENUE BULLETINS IN WHICH THE REVOCATIONS WERE ANNOUNCED. GRANT PROPOSALS ARE REVIEWED BY STAFF, NOTES ARE WRITTEN REGARDING ABOVE-MENTIONED STATUS WITH THE STATE AND THE IRS. ADDITIONALLY, STAFF REVIEWS THE PROPOSAL TO DETERMINE IF THE REQUEST MEETS THE ORGANIZATION'S STATED MISSION AND IS WITHIN THE GRANTING GUIDELINES OF THE FOUNDATION. APPLICATIONS ARE SUBMITTED ELECTRONICALLY AND ARE REVIEWED BY STAFF AND THEN BY THE GRANTS COMMITTEE, MEMBERS OF WHICH ARE EXPECTED TO REVIEW EACH PROPOSAL PRIOR TO THE REVIEW MEETING. THE MEMBERS OF THE GRANTS COMMITTEE REPRESENT VARIOUS COMMUNITIES WITHIN OUR VALLEY AS DETERMINED BY GEOGRAPHY, AGE, BACKGROUND, INTERESTS, SKILLS AND AGE. MEMBERS OF THE COMMITTEE ARE CHOSEN AND/OR APPOINTED FROM RECOMMENDATIONS OF BOTH BOARD AND STAFF. THE COMMITTEE FIRST DISCLOSES ANY CONFLICTS THEY MIGHT HAVE WITH ANY OF THE APPLICATIONS THAT WILL BE DISCUSSED AND THAT IS NOTED. THE COMMITTEE THEN DISCUSSES THE APPLICATION BEFORE THEM AND THEN RATES THE PROPOSAL ON THE FOLLOWING CRITERIA: NEED, MISSION, WHAT DIFFERENCE THE PROGRAM WILL MAKE IN THE COMMUNITY, REALISTIC BUDGET, ABILITY TO CARRY OUT THE PROGRAM AND THEIR EVALUATION CRITERIA. ANYONE WITH A CONFLICT (FOR A PARTICULAR AGENCY REQUESTING A GRANT) ABSTAINS FROM THE RATING PROCESS. THE SMAPPLY SOFTWARE PRODUCES A LIST OF GRANT REQUESTS RANKED IN ORDER OF THE GRANT COMMITTEE'S RATINGS FOR EACH ORGANIZATION. THE RANKED LIST IS GIVEN TO THE REVIEW COMMITTEE AND IT IS REVIEWED, FURTHER DISCUSSION ENSUES AND A RECOMMENDATION IS PREPARED FOR THE FOUNDATION BOARD TO REVIEW AND ACT UPON. THE RATING/RANKING PROCESS SIMPLIFIES THE DECISION-MAKING PROCESS AND ENABLES THE COMMITTEE TO SEE CLEARLY WHERE THE ORGANIZATION RANKS OVERALL IN THE MIX AND MAKES IT EASIER TO ATTACH DOLLAR FIGURES FOR RECOMMENDATION TO THE BOARD. THE COMMITTEE REVIEWS PROPOSALS ONCE A YEAR AND MAKES RECOMMENDATIONS TO THE BOARD AT THE FIRST MEETING FOLLOWING THE REVIEW DAY FOR THOSE ORGANIZATIONS THEY BELIEVE MERIT FUNDING AND THOSE ENTITIES THAT THE COMMITTEE RECOMMENDS FOR DECLINATION. THE BOARD MAKES THE FINAL DECISIONS ON GRANT RECIPIENTS. AGENCIES THAT ARE BEING DENIED ARE NOTIFIED PRIOR (BY A DAY) THAN THOSE WHO ARE RECEIVING SUCCESSFUL PROPOSAL ACKNOWLEDGEMENTS. THOSE WHO ARE GRANT RECIPIENTS MUST SIGN A SIMPLE AGREEMENT WITH THE FOUNDATION THAT STATES THEY WILL USE THE GRANT FUNDS FOR THE PURPOSE(S) STATED IN THEIR PROPOSALS OR REMAINING MONIES WILL BE RETURNED TO THE FOUNDATION PRIOR TO RECEIVING THEIR GRANT CHECKS. THE AGREEMENT IS VERY SPECIFIC ABOUT COMPLIANCE WITH THE PATRIOT ACT AND STATES: "IN COMPLIANCE WITH EXECUTIVE ORDER 13224 OF THE UNITED STATES' PATRIOT ACT, THIS GRANT WILL NOT BE USED TO SUPPORT NAMED TERRORIST ORGANIZATIONS OR THOSE WHO MAY BE OTHERWISE ASSOCIATED WITH TERRORISTS. THE COMMUNITY FOUNDATION OF THE GUNNISON VALLEY ACKNOWLEDGES THAT "SUPPORT" DOES NOT INCLUDE NON-VIOLENT ACTIVITIES INTENDED TO PROTECT OR PROMOTE CONSTITUTIONAL RIGHTS." THEY ARE ALSO REMINDED THAT A NARRATIVE AND FINANCIAL REPORT WILL BE DUE AT THE END OF THE GRANT TERM. (THIS INFORMATION IS ALSO INCLUDED IN THE GRANT GUIDELINES.) STAFF REVIEWS REPORTS TO SEE THAT THE FUNDING WAS USED FOR THE PURPOSES FOR WHICH IT WAS GRANTED. WE HAVE HAD OCCASION TO REQUEST THE RETURN OF GRANT FUNDS BECAUSE OF OUR DILIGENCE IN KNOWING WHAT IS HAPPENING WITH THE NONPROFITS IN OUR VALLEY, THOSE WE HAVE FUNDED AND THOSE WE HAVE NOT, AND WE HAVE HAD OCCASION TO REQUEST MORE THOROUGH REPORTS WHEN THERE WAS A QUESTION ABOUT HOW THE GRANT FUNDS WERE USED. WHEN A DONOR RECOMMENDS A GRANT FROM A DONOR ADVISED FUND ALL DUE DILIGENCE STEPS ARE FOLLOWED; HOWEVER, THERE IS NO COMMITTEE PROCESS. THE EXECUTIVE DIRECTOR HAS THE DELEGATED AUTHORITY TO AUTHORIZE DAF RECOMMENDATIONS UP TO AND INCLUDING $25,000 WITHOUT SUBMITTING TO COMMITTEE; GRANTS ARE REPORTED TO THE BOARD AT REGULARLY SCHEDULED MONTHLY MEETINGS. A REPORT IS MADE TO THE BOARD AT THE NEXT REGULARLY SCHEDULED MEETING ALONG WITH THE DONOR ADVISED GRANTS APPROVED BY THE EXECUTIVE DIRECTOR. ANY RECOMMENDATION FOR MORE THAN $25,000 IS REVIEWED AND APPROVED, IF IN COMPLIANCE WITH FOUNDATION GUIDELINES, BY THE BOARD OF DIRECTORS. THE BOARD OF THE COMMUNITY FOUNDATION OF THE GUNNISON VALLEY SHALL ANNUALLY APPOINT ALL MEMBERS OF EACH SCHOLARSHIP AND GRANT SELECTION COMMITTEE AFTER RECEIVING BASIC INFORMATION ABOUT WHY THE INDIVIDUAL IS QUALIFIED TO BE ON THE COMMITTEE. THE ADVISORY PRIVILEGES OF THE DONOR AND ANY PERSON DESIGNATED BY THE DONOR ARE PERFORMED EXCLUSIVELY IN SUCH PERSON'S CAPACITY AS A MEMBER OF THE COMMITTEE. A DONOR OR RELATED PARTY MAY SERVE ON A SELECTION COMMITTEE, BUT NO COMBINATION OF THE DONOR AND PERSONS DESIGNATED BY THE DONOR (OR PERSONS CONSIDERED TO BE RELATED PARTIES TO SUCH PERSONS) MAY CONTROL, DIRECTLY OR INDIRECTLY, THE COMMITTEE AND THEY MAY NOT CONSTITUTE A MAJORITY OF THE COMMITTEE. A DONOR MAY SUGGEST SOME MEMBERS OF THE COMMITTEE BUT THE FOUNDATION HAS THE POWER TO ACCEPT OR REJECT ANY SUGGESTIONS. A DONOR SERVING IN AN ADVISORY CAPACITY WILL BE ASKED TO DISCLOSE ANY FAMILY OR EMPLOYMENT RELATIONSHIPS EXISTING WITH OTHER COMMITTEE MEMBERS. A DONOR CAN BE AN INDIVIDUAL, A DECEASED PERSON, A CHARITY OR OTHER NONPROFIT ORGANIZATION, A CORPORATION OR OTHER BUSINESS, A PROFESSIONAL OR ALUMNI GROUP, OR OTHER ENTITY. DAN TREDWAY MEMORIAL EXCELLENCE IN TEACHING AWARD IN THE ORIGINAL FUND AGREEMENT, THE REVIEW COMMITTEE FOR THE DAN TREDWAY MEMORIAL EXCELLENCE IN TEACHING AWARD WAS REQUIRED TO BE ANONYMOUS ALTHOUGH THE MEMBERS MAY HOLD SPECIFIC POSITIONS IN THE SCHOOL DISTRICT, (SUPERINTENDENT, WINNER FROM PREVIOUS YEAR, TEACHER REPRESENTATIVES FROM SPECIFIC SCHOOLS, ETC) MANY CHANGE EACH YEAR. IN ORDER TO COMPLY WITH CURRENT LAW, AND TO MAINTAIN DONOR INTENT, THE BOARD OF THE FOUNDATION HAS GIVEN THE AUTHORITY TO THE EXECUTIVE DIRECTOR TO ASSURE COMPLIANCE WITH THE PENSION PROTECTION ACT. THE NAMES OF THE COMMITTEE ARE PLACED IN THE FILE AND THE EXECUTIVE DIRECTOR AFFIRMS THAT DUE DILIGENCE WAS PERFORMED TO ENSURE THAT THE COMMITTEE COMPOSITION IS AS INTENDED AND IN COMPLIANCE WITH THE LAW AND THE COMMITTEE REMAINS ANONYMOUS TO THE PUBLIC. PART IV - ADDITIONAL SUPPLEMENTAL INFORMATION EXPLANATION: ADDED TO DUE DILIGENCE PROCESS TO COMPLY WITH THE 2006 PENSION PROTECTION ACT: IF AT ANY TIME A GRANT RECOMMENDATION IS FOR AN ORGANIZATION THAT OTHER THAN A 501(C)(3), ADDITIONAL RESEARCH AND ASSESSMENT WILL BE UNDERTAKEN (EXPENDITURE RESPONSIBILITIES) TO DETERMINE THE EXACT TAX-EXEMPT CLASSIFICATION OF THE ORGANIZATION. AS NECESSARY, THE EXECUTIVE DIRECTOR WILL CONDUCT A PRE-GRANT INQUIRY TO DETERMINE IF THE PURPOSE FOR WHICH THE GRANT IS BEING RECOMMENDED IS CHARITABLE, THE GRANTEE IS ABLE TO PERFORM THE PROPOSED ACTIVITY, THE GRANTEE MAINTAINS SEPARATE ACCOUNTS FOR CHARITABLE AND NON-CHARITABLE FUNDS, AND THE FOUNDATION WILL REQUIRE THAT FOLLOW-UP REPORTS BE PROVIDED ON THE USE OF THE GRANT RECEIVED. IF THOSE REQUIREMENTS ARE SATISFIED, THE BOARD MAY CONSIDER THE RECOMMENDATION. AT THIS TIME, GRANTS TO SUPPORTING ORGANIZATIONS ARE NOT ALLOWED FROM DONOR ADVISED FUNDS AT THE CFGV. IF OUR POLICY REGARDING SUPPORTING ORGANIZATIONS SHOULD CHANGE, ANY CONTROL OR CONNECTION TO THE DONOR ADVISOR OR HIS APPOINTEE WILL ALSO BE IDENTIFIED AND DISCLOSED AT THAT TIME. SINCE THE RECOMMENDED GRANTEE WOULD NOT BE WITHIN THE TAX CLASSIFICATIONS THE FOUNDATION WISHES TO SUPPORT THROUGH ITS DONOR-ADVISED FUND PROGRAM, AND SINCE THESE SPECIAL EXPENDITURE RESPONSIBILITIES REQUIRE ONGOING EFFORT AND STAFF ATTENTION, THE BOARD MAY DECLINE THE GRANT RECOMMENDATION AT ANY POINT. THE ADVISOR WILL, OF COURSE, BE NOTIFIED PROMPTLY AND ALTERNATE CHOICES DISCUSSED. Form 990, Part VI, Section B, line 11b THE FOUNDATION'S FINANCIAL GUIDELINES CALL FOR REVIEW OF THE FORM 990 BY THE BOARD PRIOR TO SUBMISSION. THE AUDIT COMMITTEE MAKES A PRESENTATION TO THE BOARD AT A REGULAR BOARD MEETING PRIOR TO FILING THE DOCUMENT. Form 990, Part VI, Section B, line 12c EACH JANUARY, EVERY MEMBER OF THE BOARD AND STAFF ARE GIVEN BOTH THE CONFLICT OF INTEREST AND DISCLOSURE POLICIES TO REVIEW AND EACH FILLS OUT A NEW CONFLICT OF INTEREST AND DISCLOSURE FORM AND SIGNS THOSE FORMS. AT MEETINGS, MEMBERS ARE FREQUENTLY ASKED IF THERE ARE CONFLICTS OR AND ANY CONFLICT IS NOTED IN THE MINUTES. WHEN A CONFLICT EXISTS, THE PERSON WITH THE CONFLICT MAY TAKE PART IN THE CONVERSATION BUT MAY NOT VOTE ON THE ISSUE AT HAND. THIS FOUNDATION IS VERY SENSITIVE TO EVEN THE PERCEPTION OF A CONFLICT.IN GRANT AND SCHOLARSHIP REVIEWS, IF THERE IS A CONFLICT OF INTEREST, THE PERSON LEAVES THE ROOM DURING DISCUSSION AND DOES NOT VOTE. Form 990, Part VI, Section B, line 15 THE GOVERNANCE AND FINANCE COMMITTEES REVIEW COMPENSATION OF SIMILAR SIZE ORGANIZATIONS USING INTERNET AND PUBLISHED DATA; THEY THEN LOOK AT OTHER NONPROFITS IN OUR SERVICE AREA, DETERMINE WHAT OUR BUDGET LIMITATIONS ARE AND RECOMMEND TO THE BOARD A NUMBER FOR THE COMPENSATION OF THE EXECUTIVE DIRECTOR. THERE ARE NO BENEFITS ACCOMPANYING THE POSITION. Form 990, Part VI, Section C, line 19 THE FOUNDATION MAINTAINS A PUBLIC BOOK WITH GOVERNINGCOMMENTS, AUDIT AND FORM 990 AVAILABLE TO THE PUBLIC AND PUBLISHES ITS STATEMENTOF ACTIVITIES ON THE WEBSITE AND IN THE ANNUAL REPORT. THE WEBSITE DIRECTS INTERESTED PARTIES TO GUIDESTAR FOR THE FULL 990. Form 990, Part VI, Line 15B - Compensation Review & Approval Process - Offi THE GOVERNANCE AND FINANCE COMMITTEES REVIEW COMPENSATION OF SIMILAR SIZE ORGANIZATIONS USING INTERNET AND PUBLISHED DATA; THEY THEN LOOK AT OTHER NONPROFITS IN OUR SERVICE AREA, DETERMINE WHAT OUR BUDGET LIMITATIONS ARE AND RECOMMEND TO THE BOARD A NUMBER FOR THE COMPENSATION OF THE EXECUTIVE DIRECTOR. Form 990, Part XI, line 9: Agency Funds - Reclassification 104,168.