2020-09-09T18:10:47-05:00 2019-12-31 591753337 KERKERING BARBERIO & CO PO BOX 49348 SARASOTA FL 342306348 990 2019-01-01 650455319 CHARLOTTE COMMUNITY FOUNDATION INC CHAR 9416370077 227 SULLIVAN STREET PUNTA GORDA FL 33950 KIM SAVASUK TREASURER 9416370077 2020-09-02 1 REBECCA U STONER P00585910 9413654617 71.101.221.218 2020-09-02 12:08:06 ED P F34995E5236668E304D23793A359F7991A8738E4 714E6C1B206DC3F987CF9E146D19709275A9BB1D 2019 2020-11-19 02:30:22Z KIM SAVASUK 227 SULLIVAN STREET PUNTA GORDA FL 33950 2077256 0 X WWW.CHARLOTTECF.ORG X 1993 FL CONNECTING PEOPLE WHO CARE WITH CAUSES THAT MATTER. 12 12 9 40 0 0 803037 923185 0 0 339347 429127 7117 16975 1149501 1369287 1161164 705250 0 0 232120 298700 0 0 52019 244557 319444 1637841 1323394 -488340 45893 11770210 12911085 551979 758443 11218231 12152642 CONNECTING PEOPLE WHO CARE WITH CAUSES THAT MATTER. 0 0 1073570 705250 0 AS A FACILITATOR OF PHILANTHROPY, CHARLOTTE COMMUNITY FOUNDATION (CCF) ADMINISTERS DONOR ADVISED, DESIGNATED FUNDS, AND OTHER TYPES OF FUNDS TO PROVIDE SUPPORT FOR GENERAL CHARITABLE PURPOSES AS RECOMMENDED BY THE DONOR AND APPROVED BY THE FOUNDATION'S BOARD. CCF HAS PROVIDED SUPPORT IN THE AMOUNT OF $641,105 TO 64 DIFFERENT NONPROFIT ORGANIZATIONS IN 2019. CHARLOTTE COMMUNITY FOUNDATION (CCF) ALSO ADMINISTERS SCHOLARSHIPS FOR CHARLOTTE COUNTY HIGH SCHOOL SENIORS AND CONTINUING EDUCATION STUDENTS. IN 2019 CCF PROVIDED $95,700 IN SCHOLARSHIP FUNDS TO CHARLOTTE COUNTY STUDENTS. 1073570 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 1 0 0 0 0 0 0 0 0 1 0 0 9 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X X X SUZANNE HERRON 9416370077 227 SULLIVAN STREET PUNTA GORDA FL 33950 LAURA AMENDOLA DIRECTOR 2.00 X 0 0 0 SARAH DESROSIERS DIRECTOR 2.00 X 0 0 0 MARK DRAPER DIRECTOR 2.00 X 0 0 0 W CRAIG ESTERLY DIRECTOR 2.00 X 0 0 0 BILL HAWLEY DIRECTOR 2.00 X 0 0 0 BRENDA LYNCH DIRECTOR 2.00 X 0 0 0 JILL MCRORY DIRECTOR 2.00 X 0 0 0 LUCIENNE PEARS DIRECTOR 2.00 X 0 0 0 LEW BENNETT CHAIR 5.00 X X 0 0 0 JANE WASHBURN VICE CHAIR 5.00 X X 0 0 0 ROBERT PETERSON SECRETARY 5.00 X X 0 0 0 KIM SAVASUK TREASURER 5.00 X X 0 0 0 ASHLEY MAHER EXECUTIVE DIRECTOR 40.00 X 74215 0 11520 SUZANNE HERRON CHIEF FINANCIAL OFFICER 40.00 X 58027 0 5152 132242 0 16672 0 0 0 0 0 923185 71142 923185 307808 307808 20750 10480 10270 10270 10270 818808 697489 121319 121319 121319 OTHER INCOME 624200 6705 6705 6705 1369287 0 0 446102 608685 608685 96565 96565 148914 93816 40206 14892 115010 72890 31551 10569 2034 1292 561 181 10638 6743 2919 976 22104 13964 6012 2128 16570 10468 4507 1595 30349 30349 2031 1283 553 195 49006 30960 13330 4716 72020 40434 25427 6159 20756 13113 5646 1997 29935 18912 8142 2881 5546 5546 33699 21290 12409 59532 37609 16193 5730 1323394 1073570 197805 52019 84 220 870743 916804 1406171 1316750 2500 0 10484 23370 2499637 357972 2176933 2141665 7303295 8512276 11770210 12911085 20060 33704 70168 36828 461751 687911 551979 758443 X 3152330 3137254 8065901 9015388 11218231 12152642 11770210 12911085 X 45893 1100444 -211926 X X 0 1 X 1 0 X 489372 450144 709459 497411 923185 3069571 489372 450144 709459 497411 923185 3069571 577829 2491742 89593 113833 195267 242665 328558 969916 6705 6705 4046192 0.61580 0.66110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28 41710 81626 727615 1 1 6237647 284098 1191531 501554 7211722 7395837 34260 -156494 1035956 6237647 7386553 65385 321102 377203 7395837 7532786 319222 162305 627760 7386553 2695339 5317496 -72757 407292 7532786 0.00280 0.63710 0.36010 0 0 293514 293514 2138324 328973 1809351 65699 28999 36700 2100 2100 2141665 REFUNDABLE SECURITY DEPOSIT 1300 AGENCY FUNDS 686611 687911 X 2230528 1100444 250 1100694 1129834 21123 218330 239453 1369287 1296117 250 10480 10730 1285387 21123 16884 38007 1323394 PART V, LINE 4: THE PRIMARY PURPOSE OF THE ENDOWMENT FUNDS ADMINISTERED BY THE FOUNDATION IS TO SUPPORT THE PROGRAMS AND SERVICES OF THE DONOR ENTITY AND TO ADHERE TO THE ENTITYS MISSION AS DESCRIBED IN ITS BYLAWS OR ORGANIZATIONAL DOCUMENTS FOR INDIVIDUALS ESTABLISHING ENDOWMENT FUNDS. SUCH FUNDS ARE ADMINISTERED IN ACCORDANCE WITH THE TERMS OF THE ENDOWMENT FUND AGREEMENT WITH THE FOUNDATION. DISTRIBUTIONS FROM ENDOWMENT FUNDS ARE MADE IN ACCORDANCE WITH FOUNDATION POLICIES, CONSIDERING REQUESTS FROM THE DONOR ENTITY OR INDIVIDUAL. PART X, LINE 2: UNDER THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION, THE FOUNDATION HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF ITS TAX POSITIONS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS OF THE FOUNDATION. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE -10,480. AGENCY REVENUE 228,810. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 10,480. PART XII, LINE 4B - OTHER ADJUSTMENTS: AGENCY EXPENSE 16,884. 1 BOYS & GIRLS CLUBS OF CHARLOTTE COUNTY 21450 GIBRALTER DRIVE PORT CHARLOTTE FL 33952 650725247 501(C)(3) 12500 COMMUNITY IMPROVEMENT CANINE CASTAWAYS INC PO BOX 3295 ARCADIA FL 34265 200416812 501(C)(3) 12835 COMMUNITY IMPROVEMENT CHARLOTTE COUNTY HABITAT FOR HUMANITY 1750 MANZANA AVENUE PUNTA GORDA FL 33950 592870908 501(C)(3) 38500 COMMUNITY IMPROVEMENT CHARLOTTE COUNTY HOMELESS COALITION PO BOX 380157 PORT CHARLOTTE FL 33948 650139525 501(C)(3) 40000 COMMUNITY IMPROVEMENT CHARLOTTE COUNTY PUBLIC SCHOOLS 1445 EDUCATION WAY PORT CHARLOTTE FL 33948 596000539 501(C)(3) 17770 YOUTH DEVELOPMENT CHARLOTTE COUNTY SHERIFF'S OFFICE 7474 UTILITIES RD PUNTA GORDA FL 33982 465337554 501(C)(3) 13600 COMMUNITY IMPROVEMENT CHARLOTTE HIVAIDS PEOPLE SUPPORT INC 18200 PAULSON DR PORT CHARLOTTE FL 33954 650498294 501(C)(3) 10000 COMMUNITY IMPROVEMENT COMMUNITY FOUNDATION OF SARASOTA COUNTY 2635 FRUITVILLE RD SARASOTA FL 34230 591956886 501(C)(3) 30000 COMMUNITY IMPROVEMENT DOCTORS WITHOUT BORDERS USA 333 SEVENTH AVENUE 2ND FLOOR NEW YORK NY 100015004 133433452 501(C)(3) 9275 HEALTH AND HUMAN SERVICES GUARDIAN AD LITEM FOUNDATION 1700 MONROE ST FORT MYERS FL 33901 522296529 501(C)(3) 10000 YOUTH DEVELOPMENT GULF COAST PARTNERSHIP 408 TAMIAMI TRAIL PUNTA GORDA FL 33950 383913077 501(C)(3) 11600 COMMUNITY IMPROVEMENT MILITARY HERITAGE MUSEUM 900 W MARION AVE PUNTA GORDA FL 33950 651036360 501(C)(3) 183522 COMMUNITY IMPROVEMENT PUNTA GORDA POLICE DEPARTMENT 1410 TAMIAMI TRAIL PUNTA GORDA FL 33950 596000415 GOVERNMENT 8573 COMMUNITY IMPROVEMENT PUNTA GORDA SYMPHONY 6210 SCOTT STREET PUNTA GORDA FL 33950 592029342 501(C)(3) 10500 ARTS SUNCOAST HUMANE SOCIETY 6781 SAN CASA DRIVE ENGLEWOOD FL 34224 237174193 501(C)(3) 17835 COMMUNITY IMPROVEMENT VINELAND ELEMENTARY SCHOOL 467 BOUNDRY BLVD ROTONDA WEST FL 33947 596000539 501(C)(3) 13750 YOUTH DEVELOPMENT VIRGINIA B ANDES VOLUNTEER COMMUNITY CLINIC 21297 OLEAN BLVD UNIT B CHARLOTTE HARBOR FL 33952 650958642 501(C)(3) 110949 COMMUNITY IMPROVEMENT 17 0 SCHOLARSHIPS 25 95700 HAND UP GRANTS 1 865 PART I, LINE 2: THEY ARE REQUIRED TO SUBMIT AN INTERIM REPORT AND A FINAL REPORT. X 2 71142 NYSE 0 1 0 FORM 990, PART I, LINE 6 VOLUNTEERS VOLUNTEERS PERFORMED OFFICE WORK. ALSO THE BOARD OF DIRECTORS AND ALL COMMITTEE MEMBERS ARE ALL VOLUNTEERS. FORM 990, PART VI, SECTION A, LINE 4 AMENDED AND RESTATED BYLAWS OF THE CHARLOTTE COMMUNITY FOUNDATION, INC. WERE REVISED BY THE BOARD OF DIRECTORS ON MARCH 26, 2019. A NEW SECTION WAS ADDED TO THE ORGANIZATION'S BYLAWS AT THE BEGINNING OF ARTICLE IV, BOARD OF DIRECTORS: SECTION 4.1 NOMINATION AND APPROVAL. THE BOARD OF DIRECTORS ("BOARD") WILL, FROM TIME TO TIME AS NECESSARY, IDENTIFY AND VET POTENTIAL CANDIDATES TO SERVE AS FUTURE BOARD DIRECTORS ("DIRECTOR"). THE BOARD CHAIR WILL FORWARD THOSE IDENTIFIED AND VETTED CANDIDATES TO THE NOMINATING COMMITTEE, WHO PURSUANT TO ITS POLICY AND PROCEDURES, SHALL SUBMIT QUALIFIED CANDIDATES FOR CONSIDERATION FOR BOARD APPROVAL. FORMER ARTICLE IV, SECTION 4.1 NUMBER AND TERM OF OFFICE: THE BOARD SHALL CONSIST OF NOT LESS THAN FIVE AND NOT MORE THAN 15 PERSONS PER THE ARTICLES OF INCORPORATION. THE NUMBER OF DIRECTORS MAY BE INCREASED OR DECREASED FROM TIME TO TIME BY VOTE OF A MAJORITY OF THE DIRECTORS. EACH DIRECTOR, EXCEPT ONE APPOINTED TO FILL A VACANCY, SHALL BE ELECTED TO SERVE A THREE-YEAR TERM AND IS ELIGIBLE TO SERVE TWO (2) ADDITIONAL THREE- YEAR TERMS. WAS REPLACED BY NEW ARTICLE IV, SECTION 4.2 NUMBER AND TERM: THE BOARD SHALL CONSIST OF NOT LESS THAN FIVE AND NOT MORE THAN 15 PERSONS PER THE ARTICLES OF INCORPORATION. THE NUMBER OF DIRECTORS MAY BE INCREASED OR DECREASED FROM TIME TO TIME BY VOTE OF A MAJORITY OF THE DIRECTORS. EACH DIRECTOR, SHALL BE ELECTED TO SERVE A THREE (3)-YEAR TERM AND IS ELIGIBLE TO SERVE TWO (2) ADDITIONAL THREE (3) - YEAR TERMS, WITH BOARD APPROVAL. A FORMER DIRECTOR IS ELIGIBLE FOR REELECTION TO SERVE ONE (1) ADDITIONAL THREE (3) YEAR CONSECUTIVE TERM AFTER SERVING ONE FULL YEAR OFF OF THE BOARD. FORMER ARTICLE VII, COMMITTEES AND TASK FORCES: THE CHAIR OF THE BOARD OF DIRECTORS SHALL RECOMMEND THE CREATION OF COMMITTEES AND TASK FORCES, AS NEEDED, AND SHALL NAME THE PERSON OR PERSONS TO CHAIR EACH COMMITTEE AND TASK FORCE, WITH THE APPROVAL OF THE BOARD OF DIRECTORS. WAS REPLACED BY NEW ARTICLE VII, COMMITTEES COUNCILS AND TASK FORCES: SECTION 7.1 STANDING COMMITTEES. THERE SHALL BE SIX (6) STANDING COMMITTEES AS FOLLOWS: A. EXECUTIVE COMMITTEE I. THE BOARD CHAIR SHALL BE THE EXECUTIVE COMMITTEE CHAIR. II. THE OFFICERS AND IMMEDIATE PAST CHAIR SHALL BE THE EXECUTIVE COMMITTEE MEMBERS. III. THE EXECUTIVE COMMITTEE SHALL SERVE AS COUNSEL TO THE BOARD CHAIR IN ADDRESSING POLICIES OF THE FOUNDATION. B. GOVERNANCE COMMITTEE I. THE BOARD VICE-CHAIR SHALL BE THE GOVERNANCE COMMITTEE CHAIR. II. THE GOVERNANCE COMMITTEE CHAIR SHALL NAME FROM THE CURRENT BOARD AT LEAST TWO (2) GOVERNANCE COMMITTEE MEMBERS FOR BOARD APPROVAL. III. THE GOVERNANCE COMMITTEE SHALL REVIEW, UPDATE AND DRAFT AS NECESSARY POLICIES, PROCEDURES, BYLAWS, AND OTHER DOCUMENTS GOVERNING THE FOUNDATION FOR BOARD APPROVAL. IN ADDITION, THE GOVERNANCE COMMITTEE SHALL GUIDE THE OPERATION OF THE FOUNDATION'S HUMAN RESOURCES. C. NOMINATING COMMITTEE I. THE GOVERNANCE COMMITTEE CHAIR SHALL BE THE NOMINATING COMMITTEE CHAIR II. THE GOVERNANCE COMMITTEE MEMBERS SHALL ALSO BE NOMINATING COMMITTEE MEMBERS. THE GOVERNANCE CHAIR SHALL NAME FROM THE CURRENT BOARD OR A PAST THREE (3)-TERM BOARD MEMBER AT LEAST TWO (2) ADDITIONAL NOMINATING COMMITTEE MEMBERS FOR BOARD APPROVAL. III. THE NOMINATING COMMITTEE SHALL REVIEW APPLICATIONS AND INTERVIEW POTENTIAL BOARD MEMBERS FOR BOARD APPROVAL. D. FINANCE AND AUDIT COMMITTEE I. THE BOARD CHAIR SHALL NAME A FINANCE AND AUDIT COMMITTEE CHAIR, WHO DOES NOT NEED TO ALSO SERVE AS A BOARD MEMBER, FOR BOARD APPROVAL. II. THE FINANCE AND AUDIT COMMITTEE CHAIR SHALL APPOINT AT LEAST FOUR (4) ADDITIONAL FINANCE AND AUDIT COMMITTEE MEMBERS. III. THE FINANCE AND AUDIT COMMITTEE SHALL BE RESPONSIBLE FOR OVERSEEING THE FOUNDATION'S BUDGET, FINANCIAL POLICIES AND INVESTMENT POLICIES. IV. THE TREASURER SHALL BE THE BOARD POINT OF CONTACT FOR THE FINANCE AND AUDIT COMMITTEE AND RESPONSIBLE TO REPORT ON THIS COMMITTEE AT MEETINGS OF THE BOARD OF DIRECTORS IF THE CHAIR IS NOT A MEMBER OF THE BOARD. E. SCHOLARSHIP COMMITTEE I. THE BOARD CHAIR SHALL NAME A SCHOLARSHIP COMMITTEE CHAIR, WHO DOES NOT NEED TO ALSO SERVE AS A BOARD MEMBER, FOR BOARD APPROVAL. II. THE SCHOLARSHIP COMMITTEE CHAIR SHALL APPOINT AT LEAST FOUR (4) ADDITIONAL SCHOLARSHIP COMMITTEE MEMBERS. III. THE SCHOLARSHIP COMMITTEE SHALL REVIEW AND DETERMINE WHICH APPLICATIONS WILL BE AWARDED A FOUNDATION SCHOLARSHIP. IV. THE SECRETARY SHALL BE THE BOARD POINT OF CONTACT FOR THE SCHOLARSHIP COMMITTEE AND RESPONSIBLE TO REPORT ON THIS COMMITTEE AT MEETINGS OF THE BOARD OF DIRECTORS IF THE CHAIR IS NOT A MEMBER OF THE BOARD. F. COMMUNITY INVESTMENT COMMITTEE I. THE BOARD CHAIR SHALL NAME A COMMUNITY INVESTMENT COMMITTEE CHAIR, WHO DOES NOT NEED TO ALSO SERVE AS A BOARD MEMBER, FOR BOARD APPROVAL. II. THE COMMUNITY INVESTMENT COMMITTEE CHAIR SHALL APPOINT FOUR (4) ADDITIONAL COMMUNITY INVESTMENT COMMITTEE MEMBERS. III. THE COMMUNITY INVESTMENT COMMITTEE IS RESPONSIBLE FOR THE FOUNDATION'S GRANT PROCESS. IV. THE SECRETARY SHALL BE THE BOARD POINT OF CONTACT FOR THE COMMUNITY INVESTMENT COMMITTEE AND RESPONSIBLE TO REPORT ON THIS COMMITTEE AT MEETINGS OF THE BOARD OF DIRECTORS IF THE CHAIR IS NOT A MEMBER OF THE BOARD. SECTION 7.2 SPECIAL COMMITTEES, COUNCILS AND TASK FORCES A. THE BOARD CHAIR SHALL RECOMMEND THE CREATION OF ADDITIONAL COMMITTEES, COUNCILS AND TASK FORCES, AS NEEDED, FOR BOARD APPROVAL. B. IF APPROVED, THE BOARD CHAIR SHALL NAME THE SPECIAL COMMITTEE, COUNCIL OR TASK FORCE CHAIR FOR BOARD APPROVAL. C. THE SPECIAL COMMITTEE, COUNCIL, OR TASK FORCE CHAIR SHALL APPOINT AT LEAST TWO (2) ADDITIONAL SPECIAL COMMITTEE, COUNCIL, OR TASK FORCE COMMITTEE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION'S BOARD OF DIRECTORS RECEIVED AND REVIEWED THE FORM 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THIS POLICY RECOGNIZES THAT BOTH REAL AND APPARENT CONFLICTS OF INTEREST AND DUALITIES OF INTEREST (HEREINAFTER REFERRED TO AS CONFLICTS) SOMETIMES OCCUR IN THE COURSE OF CONDUCTING THE CORPORTIONS DAILY AFFAIRS. A CONFLICT AS USED IN THIS POLICY REFERS ONLY TO PERSONAL, PROPRIETARY INTERESTS OF THE PERSONS COVERED BY THIS POLICY AND THEIR IMMEDIATE FAMILIES AND NOT TO PHILOSOPHICAL OR PROFESSIONAL DIFFERENCES IN OPINION. CONFLICTS OCCUR BECAUSE THE MANY PERSONS ASSOCIATED WITH THE CORPORATION SHOULD BE EXPECTED TO HAVE, AND DO IN FACT GENERALLY HAVE MULTIPLE INTERESTS AND AFFILIATIONS AND VARIOUS POSITIONS OF RESPONSIBILITY WITHIN THE COMMUNITY. SOMETIMES A PERSON WILL OWE IDENTICAL DUTIES TO TWO OR MORE ORGANIZATIONS CONDUCTING SIMILAR ACTIVITIES. CONFLICTS ARE UNDESIREABLE BECAUSE THEY POTENTIALLY OR APPARENTLY PLACE THE INTERESTS OF OTHERS AHEAD OF THE CORPORATIONS OBLIGATIONS TO ITS CORPORATE PURPOSES AND TO THE PUBLIC INTEREST. CONFLICTS ARE ALSO UNDESIRABLE BECAUSE THEY OFTEN REFLECT ADVERSELY UPON THE PERSONS INVOLVED AND UPON THE INSTITUTIONS WITH WHICH THEY ARE AFFILIATED, REGARDLESS OF THE ACTUAL FACTS OR MOTIVATIONS OF THE PARTIES. HOWEVER, THE LONG RANGE BEST INTERESTS OF THE CORPORATION DO NOT REQUIRE THE TERMINATION OF ALL ASSOCIATION WITH PERSONS WHO MAY HAVE REAL OR APPARENT CONFLICTS IF A PRESCRIBED AND EFFECTIVE METHOD CAN RENDER SUCH CONFLICTS HARMLESS TO ALL CONCERNED. THEREFORE, THE CORPORATIONS AFFIRMATIVE POLICY SHALL BE TO REQUIRE THAT ALL ACTUAL OR APPARENT CONFLICTS BE DISCLOSED PROMPTLY AND FULLY TO ALL NECESSARY PARTIES AND TO PROHIBIT SPECIFIED INVOLVEMENT IN THE AFFAIRS OF THE CORPORATION BY PERSONS HAVING SUCH CONFLICTS. THIS POLICY SHALL APPLY TO THE DIRECTORS, OFFICERS, AGENTS AND EMPLOYEES OF THE CORPORATION, INCLUDING ADVISORY COUNCIL MEMBERS, OFFICE VOLUNTEERS AND INDEPENDENT CONTRACTOR PROVIDERS OF SERVICES AND MATERIALS. THE CORPORATIONS MANAGEMENT SHALL HAVE THE AFFIRMATIVE OBLIGATION TO PUBLICIZE PERIODICALLY THIS POLICY TO ALL SUCH PARTIES. DISCLOSURE OF ALL CONFLICTS EACH PERSON TO WHOM THIS POLICY APPLIES SHALL DISCLOSE ALL REAL AND APPARENT CONFLICTS, WHICH HE/SHE DISCOVERS OR HAS BROUGHT TO HIS/HER ATTENTION IN CONNECTION WITH THE CORPORATIONS ACTIVITIES. DISCLOSURE AS USED IN THIS POLICY SHALL MEAN PROVIDING PROMPTLY TO THE APPROPRIATE PERSONS A WRITTEN DESCRIPTION OF THE FACTS COMPRISING THE REAL OR APPARENT CONFLICT. ALL DISCLOSURE NOTICES RECEIVED HEREUNDER SHALL BE NOTED FOR THE RECORD IN THE MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS. PRESCRIBED ACTIVITY BY PERSONS HAVING CONFLICTS WHEN A DIRECTOR, OFFICER, AGENT OR EMPLOYEE BELIEVES THAT HE/SHE OR A MEMBER OF HIS/HER IMMEDIATE FAMILY MIGHT HAVE OR DOES HAVE A REAL OR APPARENT CONFLICT, HE/SHE SHALL, IN ADDITION TO MAKING THE REQUIRED DISCLOSURE, ABSTAIN FROM MAKING MOTIONS, VOTING, EXECUTING AGREEMENTS, OR TAKING ANY OTHER SIMILAR DIRECT ACTION ON BEHALF OF THE CORPORATION WHERE THE CONFLICT MIGHT PERTAIN, BUT SHALL NOT BE PRECLUDED FROM DEBATE OR OTHER SIMILAR INVOLVEMENT ON BEHALF OF THE CORPORATION. WHEN ANY PERSON REQUESTS IN WRITING, OR UPON ITS OWN INITIATIVE, THE BOARD AT ANY TIME MAY ESTABLISH FURTHER GUIDELINES CONSISTENT WITH THE INTERESTS OF THE CORPORATION FOR THE RESOLUTION OF ANY REAL OR APPARENT CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 LINE 15A: THE CHARLOTTE COMMUNITY FOUNDATIONS CHIEF EXECUTIVE OFFICER/PRESIDENT/EXECUTIVE DIRECTOR (LEADERSHIP) FOR THE FOUNDATION IS REVIEWED ON A YEARLY BASIS, ON OR ABOUT THE ANNIVERSARY DATE OF THE EMPLOYMENT. THE CHAIRMAN SELECTS A TASK FORCE CONSISTING OF MEMBERS OF CCF'S EXECUTIVE COMMITTEE, ALONG WITH ANY OTHER BOARD MEMBERS, TO BOTH REVIEW THE PERFORMANCE OF AND MEET WITH THE LEADERSHIP TO DISCUSS THEIR ASSESSMENT AND EXPECTATIONS FOR THE FUTURE ENGAGEMENT. THE COMMITTEE FIRST MEETS INDEPENDENTLY OF THE LEADERSHIP TO IDENTIFY ANY SPECIFIC ISSUES/CONCERNS, THE DISCUSSION WILL TAKE INTO ACCOUNT ANY INFORMATION THAT THE LEADERSHIP WISHED TO PROVIDE TO THE COMMITTEE. AREAS TO BE ADDRESSED INCLUDE SUCH JOB RESPONSIBILITIES AS PLANNING, OPERATIONS, GOVERNANCE, PUBLIC RELATIONS, DEVELOPMENT AND MARKETING, LINKAGES WITH OTHER FUNDRAISING AND PHILANTHROPIC GROUPS, FISCAL MANAGEMENT, GRANT MAKING, INVESTMENT MANAGEMENT AND FUNDRAISING. IN ADDITION, GOALS AND/OR OBJECTIVES ESTABLISHED IN THE PREVIOUS YEAR ARE REVIEWED ALONG WITH AREAS REQUIRING IMPROVEMENT AND/OR ACCOMPLISHMENTS. THE COMMITTEE THEN MEETS WITH THE LEADERSHIP TO DISCUSS OUTCOMES OF THEIR INDEPENDENT ASSESSMENT. DURING THE DISCUSSION NEW GOALS, AS APPROPRIATE, ARE ADDRESSED AND AGREED UPON BY ALL PARTIES. COMPENSATION FOR LEADERSHIP IS MADE AFTER AN ANNUAL REVIEW OF PERFORMANCE MADE BY CHAIRMAN AND VICE CHAIRMAN. THEIR RECOMMENDATION IS THEN SENT TO BE APPROVED BY THE ENTIRE CCF BOARD. THE LEADERSHIP IS HIRED ON A ONE YEAR CONTRACT PERIOD, TO BE RENEWED BY THE MUTUAL AGREEMENT OF BOTH PARTIES. LINE 15B: THE EXCUTIVE DIRECTOR AND DIRECT SUPERVISORS CONDUCT ANNUAL PERFORMANCE REVIEWS WITH KEY EMPLOYEES ON THEIR ANNIVERSARY DATE OF HIRE. BASED ON OVERALL PERFORMANCE (GOALS ARE ESTABLISHED IN ADVANCE) DIRECT SUPERVIORS MAKE A RECOMMENDATION TO THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: AGENCY REVENUES -228,810. AGENCY EXPENSES 16,884. FORM 990, PART XII, LINE 2C AUDIT REVIEW PROCESS THE AUDIT REVIEW PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.