2019-11-11T10:46:24-06:00 2018-12-31 BKD LLP 6120 S Yale 1400 Tulsa OK 741364223 990 2018-01-01 730583936 OSTEOPATHIC FOUNDERS FOUNDATION % SHERRI L WISE OSTE 9185517300 8801 SOUTH YALE AVENUE STE 400 TULSA OK 74137 SHERRI L WISE PRESIDENT/CEO 2019-11-11 true Lisa E Hairston P01577080 9185842900 2019-11-07 167.68.126.162 73023320193155000004 2019-11-11 P A816919CE7746DF9CBAB2FA62B1ECBE2167BBB6E C133EED26CA568AD80E64ABC7EE09D150E5626CA 2018 2020-03-31 21:24:44Z SHERRI L WISE 8801 SOUTH YALE AVENUE STE 400 TULSA OK 74137 1643533 false X WWW.OSTEOPATHICFOUNDERS.ORG X 1943 OK TO IMPROVE THE HEALTH AND HEALTHCARE OF NORTHEAST OKLAHOMA THROUGH THE SUPPORT OF OSTEOPATHIC MEDICAL EDUCATION ACROSS THE CONTINUUM OF LEARNING. 11 11 6 20 0 0 359183 352015 66070 48421 981048 1189989 -86216 -94224 1320085 1496201 262374 275005 0 0 342880 303328 0 0 71757 366932 364396 972186 942729 347899 553472 20117781 18198973 1138191 753978 18979590 17444995 X THE MISSION OF THE OSTEOPATHIC FOUNDERS FOUNDATION IS TO SUPPORT OSTEOPATHIC MEDICAL EDUCATION, TO ENHANCE THE PUBLIC'S UNDERSTANDING OF OSTEOPATHIC MEDICINE, AND TO IMPROVE THE HEALTH OF THE COMMUNITY THROUGH PROJECTS CONSISTENT WITH THE OSTEOPATHIC PHILOSOPHY. false false 143928 48421 AS PART OF ITS OVERALL MISSION, THE OSTEOPATHIC FOUNDERS FOUNDATION UTILIZES A SIGNIFICANT PORTION OF ITS RESOURCES ON ACTIVITIES RELATED TO MEDICAL EDUCATION. FOUR SCHOLARSHIPS, WHICH ARE GRANTED COMPETITIVELY AND BASED ON ACADEMIC ACHIEVEMENT, PROFESSIONAL AMBASSADORSHIP, AND COMMUNITY ENGAGEMENT, ARE PROVIDED TO ASSIST OSTEOPATHIC MEDICAL STUDENTS WITH THE COST OF THEIR TUITION, FEES, AND BOOKS. THE FOUNDATION CO-SPONSORS WITH THE POST GRADUATE TRAINING PROGRAMS AT OSU MEDICAL CENTER A SERIES OF PROGRAMS ON PRACTICE MANAGEMENT AND THE BUSINESS OF MEDICINE WHICH ARE PRESENTED BI-MONTHLY AND REACH MORE THAN ONE HUNDRED OSTEOPATHIC MEDICAL STUDENTS AND YOUNG PHYSICIANS AT EACH PROGRAM. EDUCATIONAL STIPENDS ASSISTING WITH THE COSTS OF REQUIRED CONFERENCES, COURSES, AND OUT-ROTATIONS ARE GRANTED ON A COMPETITIVE BASIS TO OSTEOPATHIC RESIDENTS AND FELLOWS ENROLLED IN ACGME WITH OSTEOPATHIC RECOGNITION ACCREDITED POSTGRADUATE TRAINING PROGRAMS WHO ARE PARTICIPATING IN A COMPONENT OF SCHOLARLY ACTIVITY. THOSE RESIDENTS TRAINING AT OSU MEDICAL CENTER ARE ALSO THE BENEFICIARIES OF A TEXTBOOK SCHOLARSHIP PROGRAM WHICH SUPPORTS THE DIDACTIC ACTIVITIES OF THE RESIDENCY TRAINING PROGRAMS THROUGH THE PURCHASE OF TEXTBOOKS USED IN CLINICAL TRAINING. THE FOUNDATION'S COMMITMENT TO MEDICAL EDUCATION REACHES TO THE POST-DOCTORAL LEVEL THROUGH OUR PROGRAMS OF CONTINUING MEDICAL EDUCATION. THE CME MISSION OF THE OSTEOPATHIC FOUNDERS FOUNDATION IS TO CONTINUALLY IMPROVE PATIENT CARE BY PROVIDING TIMELY, RELEVANT, EVIDENCE BASED CLINICAL KNOWLEDGE TO OSTEOPATHIC PHYSICIANS AND OTHER HEALTHCARE PROVIDERS. IN 2009 THE FOUNDATION RECEIVED ITS INITIAL ACCREDITATION FROM THE AMERICAN OSTEOPATHIC ASSOCIATION AS A CATEGORY 1-A PROVIDER. THAT ACCREDITATION WAS RENEWED, WITH DISTINCTION, IN 2013 AND 2016. IN 2018, MORE THAN FIFTY QUALIFYING PROFESSIONAL DEVELOPMENT PROGRAMS WERE OFFERED IN INTERNAL MEDICINE, ULTRASONOGRAPHY, PAIN MANAGEMENT, ONCOLOGY,TRAUMA, PSYCHIATRY, ADDICTION, AND HEALTH POLICY WHICH TRAINED OVER 1500 HEALTH CARE PROFESSIONALS. THE FOUNDATION HAS DEVELOPED PARTNERSHIP WITH OUR COLLEAGUES IN ALLOPATHIC CONTINUING EDUCATION TO PROMOTE THE JOINT TRAINING OF DO'S AND MD'S. IN RESPONSE TO OKLAHOMA'S CRISIS OF PRESCRIPTION DRUG ABUSE, THE FOUNDATION PRESENTED TWENTY ONE CME PROGRAMS IN FIVE OKLAHOMA COMMUNITIES WHICH TRAINED OVER 800 OSTEOPATHIC AND ALLOPATHIC PHYSICIANS IN THE PROPER PRESCRIBING OF CONTROLLED DANGEROUS DRUGS. WE WERE ABLE TO PRESENT TWO EVENTS ON THE PCSS WAIVER TRAINING WHICH ALLOWS PHYSICIANS THE OPPORTUNITY TO QUALIFY TO PROVIDE MEDICATION ASSISTED TREATMENT TO THE PATIENTS SUFFERING FROM OPIOID USE DISORDER. WE ARE PROUD TO SAY THAT OUR COMMITMENT TO MEDICAL EDUCATION SERVES THE CONTINUUM FROM MEDICAL SCHOOL THROUGH MEDICAL PRACTICE. 410023 275005 COMMUNITY GRANTS ARE AN IMPORTANT PART OF THE WORK OF THE OSTEOPATHIC FOUNDERS FOUNDATION. SINCE THE SALE OF OUR HOSPITAL IN 1996, THE FOUNDATION'S TRUSTEES HAVE FOCUSED ON UTILIZING OUR RESOURCES IN A MANNER CONSISTENT WITH THE FOUNDER'S ORIGINAL INTENT. GRANTS ARE AWARDED TO COMMUNITY ORGANIZATIONS WHO SHARE IN OUR MISSION OF PROVIDING CARE TO THE UNDERSERVED AND IN THE PREVENTION AND TREATMENT OF DISEASE. WITH THE SIGNIFICANT HEALTH DISPARITIES EXISTING WITHIN OKLAHOMA COMMUNITIES, PARTICULAR EMPHASIS IS GIVEN TO THE MOST BASIC NEEDS OF FOOD, SAFETY AND SHELTER. OKLAHOMA'S POOR RATINGS FOR HEALTH OF OUR CITIZENS DEMANDS THAT MANY OF OUR RESOURCES BE DIRECTED TO THE PROVISION OF PRIMARY HEALTH SERVICES. JUST A FEW EXAMPLES OF OUR GIVING: IN 2018, TULSA CHARITABLE MEDICAL SERVICES RECEIVED A $25,000 GRANT TO COORDINATE SPECIALTY CARE SERVICES FOR UNINSURED PATIENTS IN TULSA COUNTY. THE TULSA COMMUNITY FOOD BANK, WHICH DISTRIBUTES 24.7 MILLION POUNDS OF FOOD TO 450 PARTNER AGENCIES RECEIVED A GRANT OF $10,000 TO HELP FEED THE NEARLY ONE IN SIX OKLAHOMANS WHO STRUGGLE WITH HUNGER EVERY DAY. THIS GRANT WILL SUPPORT THE PURCHASE OF NEARLY 50,000 POUNDS OF FRESH PRODUCE TO IMPROVE THE NUTRITIONAL VALUE OF THEIR DONATED MEALS. FUNDING WAS RENEWED TO SUPPORT HIV OUTREACH PREVENTION AND EDUCATION TO PURCHASE TESTING SUPPLIES ENABLING THE AGENCY TO CONTINUE TESTING AND REFERRAL TO TREATMENT SERVICES IN THEIR SPECIALLY EQUIPPED VAN WHICH TRAVELS TO RURAL LOCATIONS THROUGHOUT NORTHEAST OKLAHOMA PROVIDING INFORMATION TO PATIENTS WHO ARE AT RISK FOR HIV, HEP C, AND STI'S. NEW VIEW OKLAHOMA RECEIVED FUNDING TO PURCHASE ADAPTIVE EQUIPMENT FOR OLDER PATIENTS WHO ARE BLIND OR HAVE LOW VISION AND ENRICHMENT ACTIVITIES WERE SUPPORTED IN LOW INCOME SCHOOLS THROUGH A GRANT TO THE UNION PUBLIC SCHOOLS. OUR COMMITMENT TO QUALITY END OF LIFE CARE WAS DEMONSTRATED WITH A GRANT TO HOSPICE OF GREEN COUNTRY FOR THEIR COURTESY CARE PROGRAM AND TO CLAREHOUSE FOR THEIR RESIDENTIAL HOSPICE CARE. A TOTAL OF TWENTY THREE COMMUNITY ORGANIZATIONS RECEIVED FUNDING FROM THE OSTEOPATHIC FOUNDERS FOUNDATION IN 2018. THE FOUNDATION IS VERY PROUD OF THESE, AND OTHER, INVESTMENTS WE HAVE MADE IN THE TULSA AND NORTHEAST OKLAHOMA COMMUNITIES. TULSA CHARITABLE MEDICAL SERVICES PROGRAM WHICH MATCHES UNINSURED PATIENTS WITH VOLUNTEER PHYSICIANS WILLING TO DONATE SERVICES. THE FOUNDATION IS VERY PROUD OF THESE, AND OTHER, INVESTMENTS WE HAVE MADE IN THE TULSA AND NORTHEAST OKLAHOMA COMMUNITIES. 186713 HEART DISEASE IS THE LEADING CAUSE OF DEATH FOR BOTH MEN AND WOMEN. IN THE UNITED STATES, SOMEONE HAS A HEART ATTACK EVERY 40 SECONDS. EACH MINUTE, MORE THAN ONE PERSON IN THE UNITED STATES DIES FROM A HEART DISEASE-RELATED EVENT. FEWER THAN 12% OF PATIENTS WHO EXPERIENCE AN OUT OF HOSPITAL CARDIAC ARREST WILL SURVIVE WITHOUT BYSTANDER INITIATED CPR. A PUBLIC HEALTH ISSUE, IN ADDITION TO OUR FINANCIAL CONTRIBUTIONS TO THE GO RED FOR WOMEN CAMPAIGN, THE FOUNDATION HAS CHOSEN TO ADDRESS THE NEED FOR CONTINUED TRAINING OFHEALTH PROFESSIONALS BY ESTABLISHING AN EMERGENCY CARDIOVASCULAR CARE TRAINING SITE ACCREDITED BY THE AMERICAN HEART ASSOCIATION. TRAINING IN ADVANCED CARDIOVASCULAR LIFE SUPPORT, PEDIATRIC ADVANCED LIFE SUPPORT, AND BASIC LIFE SUPPORT FOR HEALTHCARE PROVIDERS IS OFFERED FOR PHYSICIANS AND OTHER HEALTHCARE PROFESSIONALS. TWO HUNDRED FORTY NINE PROFESSIONALS RECEIVED CERTIFICATION IN THESE DISCIPLINES THROUGH OUR SITE IN 2018. WE ALSO PLACE AN EMPHASIS ON PROVIDING TRAINING IN THE BASIC SKILLS OFCARDIOPULMONARY RESUSCITATION TO THE LAY COMMUNITY THROUGH THE FRIENDS AND FAMILY PROGRAM. KIDS CPR, PROVIDES FREE INSTRUCTION TO CHILDREN AGES 10 - 16 IN BASIC LIFE SUPPORT DURING SCHOOL BREAKS. IN 2018 THE FOUNDATION PROVIDED FOUR SESSIONS WHICH WERE FILLED TO CAPACITY. SENIOR CPR PROVIDES NO-COST INSTRUCTION TO CITIZENS 60 AND OVER IN A SPECIALLY PACED CLASS WHICH MEETS THE PHYSICAL NEEDS/LIMITATIONS OF OLDER ADULTS. OUR INSTRUCTORS ALSO PROVIDE CONSULTATION TO COMMUNITY ORGANIZATIONS TO ASSIST THEM IN THE INSTALLATION AND OPERATION OF AED'S. AID WAS PROVIDED TO EMPLOYEES OF THE TULSA ZOO AS WELL AS THE STAFF OF THE GIRL SCOUTS OF AMERICA. 740664 true true false false false false false false false true true true false false true false false false false false false false false false true false false true true true false false false false false false false false false false false false false false false false false true 25 0 true 6 true false false false false false true true false false false false false false X 11 11 false false false false true true true true true false false true true true true true true true false false OK X X SHERRI L WISE 9185517300 8801 S YALE AVE STE 400 TULSA OK 74137 LAURA L ARROWSMITH DO DIRECTOR 1.0 0.0 X 0 0 0 J MARTIN BEAL DO DIRECTOR 1.0 0.0 X 0 0 0 ANDREW S CRAWFORD DO DIRECTOR 1.0 0.0 X 0 0 0 SCOTT S CYRUS DO CHAIRMAN 2.0 0.0 X X 0 0 0 JEREMY S FULLINGIM DIRECTOR 1.0 0.0 X 0 0 0 TOM A HAMILTON DO DIRECTOR 1.0 0.0 X 0 0 0 PATTI W SHAW DO DIRECTOR 1.0 0.0 X 0 0 0 MOUSUMI SOM DO VICE-CHAIR 2.0 0.0 X X 0 0 0 JEFFREY STROUP PHARM D DIRECTOR 1.0 0.0 X 0 0 0 DANNY THOMASON DO SECRETARY/TREASURER 2.0 0.0 X X 0 0 0 HENRY G WILL JD DIRECTOR 2.0 0.0 X 0 0 0 SHERRI L WISE PRESIDENT/CEO 40.0 0.0 X 158081 0 12438 158081 0 12438 1 false true false 0 5175 141317 205523 352015 Tuition and Fees 611420 44106 44106 Other Income 900099 1465 1465 Income from Affiliated Org 900099 2850 2850 48421 524512 524512 0 0 0 0 0 665477 665477 665477 665477 53108 141317 147332 -94224 0 0 0 0 0 0 0 1496201 48421 1189989 162482 162482 112523 112523 0 0 158081 111177 26802 20102 0 99383 69895 16850 12638 0 27693 19476 4695 3522 18171 12779 3081 2311 0 0 21760 19584 2176 0 0 85367 85367 0 0 0 0 0 78463 64013 8670 5780 14096 10698 2966 432 0 0 0 0 4078 3317 457 304 6327 2886 3441 CONTRACT SERVICES 27428 25984 1444 UNITRUST DISTRIBUTIONS 24492 24492 SUPPLIES 14706 12385 2321 EVENTS 8268 8268 79411 47682 31729 942729 740664 130308 71757 21462 16592 70495 88669 1000 1000 16 9741 0 0 0 0 0 0 1485 1745 17994 16605 269886 266562 3910 3324 17499203 15793955 2502216 2267342 0 0 0 0 0 0 20117781 18198973 932190 570594 0 0 0 0 0 0 0 0 0 0 0 0 0 0 206001 183384 1138191 753978 X 16611465 13653884 1402145 1522149 965980 2268962 18979590 17444995 20117781 18198973 553472 -2400495 312428 X true X false true false X 376300 389717 339558 359183 352015 1816773 0 0 376300 389717 339558 359183 352015 1816773 40930 1775843 418788 328305 347623 460147 524512 2079375 0 81691 68428 58143 66070 274332 4170480 322753 0.42581 0.43438 X FACTS AND CIRCUMSTANCES TEST SEE ATTACHMENT FOR FACTS AND CIRCUMSTANCES TEST. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 965980 965980 991005 -25025 965980 988805 2200 991005 985630 3175 988805 981255 4375 985630 1.00000 false false 37057 37057 0 232829 229505 3324 3324 Investments - Other securities 2267342 F 2267342 0 Deferred Compensation 162362 Other Liabilities 21022 183384 SCHEDULE D, PART V, LINE 4 THE FOUNDATION'S PERMANENT ENDOWMENT FUND CONSISTS OF ONE FUND, ESTABLISHED FOR THE SUPPORT AND FURTHERANCE OF MEDICAL EDUCATION. WINTERSET 2018 194425 141317 53108 9053 45313 60046 4500 28420 0 194425 141317 53108 9053 45313 60046 4500 28420 147332 -94224 true TULSA COUNTY MEDICAL SOCIETY FOUNDATION 5315 S LEWIS TULSA OK 741056539 731393227 501(C)(3) 25000 INDIGENT HEALTHCARE COMMUNITY FOOD BANK OF EASTERN OKLAHOMA 1304 N KENOSHA AVE TULSA OK 74106 731184980 501(C)(3) 10000 FRESH PRODUCE PROJECT OKLAHOMA STATE UNIVERSITY FOUNDATION 400 SOUTH MONROE STILLWATER OK 74074 746097060 501(C)(3) 52500 MEDICAL EDUCATION HOPE 3540 E 31ST STREET TULSA OK 74135 731537952 501(C)(3) 6625 HIV/HCV TESTING AMERICAN HEART ASSOCIATION 2227 E SKELLY DR TULSA OK 74105 135613797 501(C)(3) 6000 RESEARCH TULSA COMMUNITY COLLEGE FOUNDATION 6111 E SKELLY DRIVE TULSA OK 74135 237103807 501(C)(3) 5400 ULTRASONOGRAPHY PROGRAM NORTHEASTERN STATE UNIVERSITY FOUNDATION 812 N CEDAR AVE TAHLEQUAH OK 74464 237135815 501(C)(3) 10000 NUTRITIONAL SCIENCES PROGRAM HOSPICE OF GREEN COUNTRY 1120 S BOSTON AVE TULSA OK 74119 731261742 501(C)(3) 10000 COURTESY CARE HOSPICE SERVICES 8 MEDICAL SCHOOL SCHOLARSHIP 2 15000 EDUCATIONAL SUPPORT 133 27323 FMV TEXTBOOKS SCHEDULE I, PART I, LINE 2 THE FOUNDATION REQUIRES THAT GRANTS OF $5,000 OR MORE BE MADE SUBJECT TO A WRITTEN AGREEMENT. THE AGREEMENT SPECIFIES THE AGREED UPON PURPOSE OF THE GRANT AND OTHER REQUIREMENTS OF THE GRANTEE. THE EXPENDITURE AGREEMENT REQUIRES THAT ALL FUNDS MUST BE UTILIZED FOR THE SPECIFIED PURPOSE WITHIN 15 MONTHS OR RETURNED TO THE FOUNDATION. THE AGREEMENT ALSO REQUIRES THAT THE GRANTEE WILL FURNISH TO THE FOUNDATION A COMPLETE REPORT ON THE MANNER IN WHICH THE FUNDS WERE EXPENDED WITHIN TWELVE MONTHS OF THE DATE OF THE AGREEMENT AND THE RECORDS OF ALL EXPENDITURES UNDER THE GRANT MUST BE RETAINED AND MADE AVAILABLE FOR AT LEAST FOUR YEARS. THE FOUNDATION'S EXPENDITURE AGREEMENT SPECIFICALLY PROHIBITS ANY OF ITS GRANT FUNDS FROM BEING USED TO INFLUENCE LEGISLATION OR ANY PUBLIC ELECTION AND DENIES ANY TRANSFER OF GRANT FUNDS TO ANOTHER ORGANIZATION. X X X false false false false false false false false false SHERRI L WISE PRESIDENT/CEO 155000 0 0 0 3081 0 4742 0 7696 0 170519 0 FORM 990, PART VI, LINE 1A THE EXECUTIVE COMMITTEE IS AUTHORIZED TO ACT IN THE EVENT AN ACTION IS REQUIRED DURING INTERVALS BETWEEN SCHEDULED BOARD MEETINGS. THE EXECUTIVE COMMITTEE IS REQUIRED TO REPORT ITS ACTIONS TO THE BOARD OF DIRECTORS AT ITS REGULAR MEETING. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IN THE CORPORATION IS GRANTED TO ANY PERSON WHO IS AN OSTEOPATHIC PHYSICIAN AND WHO MAKES AN ANNUAL FINANCIAL CONTRIBUTION TO THE FOUNDATION, OR WHO MAKES A ONE-TIME CONTRIBUTION OF AT LEAST $250. FORM 990, PART VI, SECTION A, LINE 7A THE CHAIRMAN OF THE BOARD WILL ANNUALLY APPOINT A NOMINATING COMMITTEE COMPOSED OF 3 MEMBERS OF THE ORGANIZATION WHO ARE CURRENTLY SERVING ON THE BOARD OF DIRECTORS. THE NOMINATING COMMITTEE, NOT LESS THAN 90 DAYS PRIOR TO THE ORGANIZATION'S FISCAL YEAR-END, SHALL NOMINATE ONE CANDIDATE TO FILL THE POSITION OF EACH DIRECTOR WHOSE TERM IS EXPIRING. THE NOMINATIONS ARE ANNOUNCED TO ALL MEMBERS OF THE ORGANIZATION 60 DAYS PRIOR TO YEAR-END. A FORM IS MADE AVAILABLE AT THE PRINCIPAL OFFICE OF THE ORGANIZATION FOR WRITE-IN NOMINATIONS. WRITE-IN NOMINATIONS REQUIRE THE AFFIRMATION OF THREE MEMBERS OF THE ORGANIZATION IN ORDER TO BE PLACED ON THE BALLOT. BALLOTS ARE REQUIRED TO BE MAILED TO ALL MEMBERS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7B THE CHAIRMAN OF THE BOARD WILL ANNUALLY APPOINT A NOMINATING COMMITTEE COMPOSED OF 3 MEMBERS OF THE ORGANIZATION WHO ARE CURRENTLY SERVING ON THE BOARD OF DIRECTORS. THE NOMINATING COMMITTEE, NOT LESS THAN 90 DAYS PRIOR TO THE ORGANIZATION'S FISCAL YEAR-END, SHALL NOMINATE ONE CANDIDATE TO FILL THE POSITION OF EACH DIRECTOR WHOSE TERM IS EXPIRING. THE NOMINATIONS ARE ANNOUNCED TO ALL MEMBERS OF THE ORGANIZATION 60 DAYS PRIOR TO YEAR-END. A FORM IS MADE AVAILABLE AT THE PRINCIPAL OFFICE OF THE ORGANIZATION FOR WRITE-IN NOMINATIONS. WRITE-IN NOMINATIONS REQUIRE THE AFFIRMATION OF THREE MEMBERS OF THE ORGANIZATION IN ORDER TO BE PLACED ON THE BALLOT. BALLOTS ARE REQUIRED TO BE MAILED TO ALL MEMBERS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED 990 IS TRANSMITTED ELECTRONICALLY TO THE FOUNDATION'S BOARD OF DIRECTORS. A CONFERENCE CALL IS SCHEDULED TO REVIEW THE DOCUMENT WITH THE CEO AND THE FOUNDATION'S INDEPENDENT ACCOUNTANTS AVAILABLE TO ANSWER QUESTIONS OF THE TRUSTEES. THE DOCUMENT IS REVIEWED IN THE SEQUENCE RECOMMENDED FOR PREPARATION OF THE FORM 990 IN ORDER TO THOROUGHLY DISCLOSE ALL INFORMATION REPORTED ON THIS FORM. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY WHICH SERVES TO ASSIST DIRECTORS, OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION TO IDENTIFY SITUATIONS THAT PRESENT POTENTIAL CONFLICTS OF INTEREST AND TO PROVIDE A PROCEDURE WHICH WILL ALLOW A TRANSACTION WHICH IS IN THE BEST INTEREST OF THE CORPORATION TO BE BINDING EVEN THOUGH A DIRECTOR, OFFICER, OR EMPLOYEE MAY HAVE A CONFLICT OF INTEREST IN RESPECT TO THAT TRANSACTION. THE POLICY IS DISTRIBUTED ANNUALLY AT THE FIRST MEETING OF THE BOARD OF DIRECTORS FOLLOWING THE BEGINNING OF THE ORGANIZATION'S FISCAL YEAR. THE POLICY IS REVIEWED DURING THAT MEETING. EACH PERSON SERVING AS A DIRECTOR, OFFICER OR KEY EMPLOYEE OF THE CORPORATION IS REQUIRED TO ANNUALLY COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH HE OR SHE IS INVOLVED THAT HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. MATERIALS FOR MEETINGS OF THE BOARD OF DIRECTORS ARE DISTRIBUTED ELECTRONICALLY IN ADVANCE OF THE MEETING, GIVING DIRECTORS, OFFICERS AND KEY EMPLOYEES AN OPPORTUNITY TO IDENTIFY ANY PROPOSED ACTION IN WHICH HE OR SHE MAY HAVE A CONFLICT OF INTEREST. FOLLOWING THE CALL TO ORDER AT EACH MEETING OF THE BOARD OF DIRECTORS, A REQUEST FOR DISCLOSURE OF ANY POTENTIAL CONFLICT OF INTEREST IS MADE. AN ABSENCE OF A DECLARATION OF A CONFLICT OF INTEREST AT THAT TIME DOES NOT PRECLUDE THE LATER ANNOUNCEMENT OF A CONFLICT OF INTEREST WHICH IS DETERMINED BY A DIRECTOR, OFFICER OR KEY EMPLOYEE DURING THE MEETING. FORM 990, PART VI, SECTION B, LINE 15A THE MOST RECENT COMPENSATION REVIEW OF THE FOUNDATION'S CEO WAS COMPLETED IN SEPTEMBER 2013 BY THE COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE IS COMPOSED OF MEMBERS OF THE EXECUTIVE COMMITTEE PLUS ADDITIONAL MEMBERS OF THE BOARD OF DIRECTORS WHO ARE INVITED BY THE CHAIRMAN DUE TO SPECIALIZED KNOWLEDGE. ALL MEMBERS OF THE COMPENSATION COMMITTEE ARE INDEPENDENT MEMBERS OF THE GOVERNING BODY. THE COMMITTEE DETERMINES, BASED ON BUDGETARY CONSIDERATIONS, WHETHER AN ADJUSTMENT IN COMPENSATION WILL BE CONSIDERED FOR THE YEAR. IF THE DECISION IS AFFIRMATIVE, THE COMMITTEE REVIEWS DATA FROM THE COUNCIL ON FOUNDATIONS ANNUAL SALARY SURVEY WHICH COMPILES SALARY AND BENEFIT INFORMATION FROM MORE THAN 800 FOUNDATIONS NATIONWIDE, STRATIFYING IT GEOGRAPHICALLY, BY ASSET SIZE, AND MANY OTHER VARIABLES. THE COMMITTEE COMPARES THE ORGANIZATION'S CURRENT SALARY FOR THE CEO TO THE MEDIAN SALARY OF SIMILARLY LOCATED, LIKE-SIZED FOUNDATIONS AND DISCUSSES WHETHER AN ADJUSTMENT IN COMPENSATION IS WARRANTED. THE DISCUSSION AND SUBSEQUENT DECISION IS DOCUMENTED BY THE CHAIRMAN AND THE CONCLUSIONS OF THE COMMITTEE PRESENTED TO THE CEO IN A FOLLOW-UP MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION HAS ALWAYS MADE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND REVIEWED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. WE HAVE ALLOCATED SPACE FOR THESE DOCUMENTS ON THE FOUNDATION'S WEBSITE.