2017-01-12T09:50:45-06:00 2016-06-30 463220328 AKINS HENKE AND COMPANY 600 INWOOD AVENUE NORTH SUITE 160 OAKDALE MN 55128 990 2015-07-01 411817315 ST CROIX VALLEY FOUNDATION STCR 7153869490 516 SECOND STREET NO 214 HUDSON WI 54016 JANE HETLAND STEVENSON PRESIDENT 7153869490 2017-01-12 1 GEORGIA AKINS P00950359 6516363806 2015 2021-01-29 14:40:06Z JANE HETLAND STEVENSON 516 SECOND STREET SUITE 214 HUDSON WI 54016 7772750 0 X WWW.SCVFOUNDATION.ORG X 1995 MN THE MISSION OF THE ST. CROIX VALLEY COMMUNITY FOUNDATION IS TO ENHANCE THE QUALITY OF LIFE IN THE ST. CROIX VALLEY BY: ENCOURAGING CHARITABLE GIVING IN THE VALLEY - BUILDING PERMANENT FUNDS THAT WILL PROVIDE RESOURCES FOR THE NEEDS OF TODAY AND TOMORROW. CONNECTING PEOPLE AND PROGRAMS - BRINGING TOGETHER PEOPLES CHARITABLE INTERESTS AND THE FUNDING NEEDS TO PROGRAMS AND ORGANIZATIONS. FACILITATING PROGRESSIVE APPROACHES - FORMING PARTNERSHIPS AND PROVIDING SERVANT LEADERSHIP THROUGH PROGRAMS THAT ENHANCE THE QUALITY OF LIFE IN OUR REGION'S DISTINCT COMMUNITIES. 16 16 6 180 0 0 2470039 3971910 231975 244643 4042594 1177649 20191 20512 6764799 5414714 1580616 1950264 0 0 336832 392160 0 0 88313 530189 787026 2447637 3129450 4317162 2285264 46354440 47636817 24875701 24964590 21478739 22672227 X THE MISSION OF THE ST. CROIX VALLEY COMMUNITY FOUNDATION IS TO ENHANCE THE QUALITY OF LIFE IN THE ST. CROIX VALLEY BY: ENCOURAGING CHARITABLE GIVING IN THE VALLEY - BUILDING PERMANENT FUNDS THAT WILL PROVIDE RESOURCES FOR THE NEEDS OF TODAY AND TOMORROW. CONNECTING PEOPLE AND PROGRAMS - BRINGING TOGETHER PEOPLES CHARITABLE INTERESTS AND THE FUNDING NEEDS TO PROGRAMS AND ORGANIZATIONS. FACILITATING PROGRESSIVE APPROACHES - FORMING PARTNERSHIPS AND PROVIDING SERVANT LEADERSHIP THROUGH PROGRAMS THAT ENHANCE THE QUALITY OF LIFE IN OUR REGION'S DISTINCT COMMUNITIES. 0 0 593164 11087 SPECIAL COMMUNITY PROJECTS: IN KEEPING WITH THE FOUNDATION'S MISSION, FOUNDATION STAFF MEMBERS PARTNER WITH OTHER ORGANIZATIONS, ESPECIALLY OUR AFFILIATE FOUNDATIONS, TO DIRECTLY ADDRESS CHANGING COMMUNITY CONCERNS. THIS INCLUDES: 1) FOSTERING COMMUNITY DIALOGUE AROUND LOCAL ISSUES -THROUGH REGIONAL FORUMS AND "CONVERSATIONS OF THE VALLEY", A MONTHLY PUBLIC AFFAIRS LUNCHEON; 2) PROMOTING NON PROFIT PERFORMANCE THROUGH WORKSHOPS AND GRANTS 3) WORKING WITH OUR AFFILIATES TO STRENGTHEN THEIR MANAGEMENT, GOVERNANCE, AND FUNDRAISING CAPACITY; AND 4) BUILDING DEMENTIA FREINDLTY COMMUNITES THROUGH THE REMEMBER PROJECT INITIATIVE. 200014 233556 FUND MANAGEMENT: THESE ACTIVITIES INCLUDE WORKING WITH DONORS, AGENCIES AND AFFILIATED FUNDS WHO ALREADY HAVE ESTABLISHED FUNDS WITH THE FOUNDATION AND INCLUDE TECHNICAL ASSISTANCE AND TRAINING AND EDUCATION AS WELL AS ACCOUNTING ACTIVITIES. THERE WERE 117 FUNDS MANAGED IN FISCAL YEAR 2016. 1994943 1950264 GRANTS TO ART, EDUCATION, HUMAN SERVICES, ENVIRONMENTAL, RELIGIOUS, HEALTH AND OTHER CHARITABLE ORGANIZATIONS. APPROXIMATLEY 670 GRANTS WERE GIVEN IN FISCAL YEAR 2016. 35153 PHILANTHROPIC SERVICES: THESE ACTIVITIES INCLUDE WORKING WITH DONOR PROSPECTS, WITH PROFESSIONAL FINANCIAL ADVISORS AND AGENCIES WHO WANT TO ESTABLISH A FUND WITH THE FOUNDATION. 35153 2823274 1 1 0 0 0 1 0 0 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 11 0 1 6 1 0 0 0 0 0 1 1 1 2 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 WI MN X X EMILY LOWNSBURY 7153869490 516 SECOND STREEET HUDSON WI 54016 TODD GILLINGHAM BOARD MEMBER/CHAIR 2.00 X X 0 0 0 STEVE SCHROEDER BOARD MEMBER/VICE CHAIR 2.00 X X 0 0 0 ANN BROOKMAN BOARD MEMBER 2.00 X 0 0 0 SUZANN BROWN BOARD MEMBER 2.00 X 0 0 0 DWIGHT CUMMINS BOARD MEMBER 2.00 X 0 0 0 SUE GERLACH BOARD MEMBER 2.00 X 0 0 0 MARTHA HARDING BOARD MEMBER 2.00 X 0 0 0 ANDY KASS BOARD MEMBER 2.00 X 0 0 0 ANDY KUBIAK BOARD MEMBER 2.00 X 0 0 0 HEATHER MCABEE BOARD MEMBER 2.00 X 0 0 0 LISA RINDE BOARD MEMBER 2.00 X 0 0 0 ROD ROMMEL BOARD MEMBER 2.00 X 0 0 0 LINDA SKOGLUND BOARD MEMBER 2.00 X 0 0 0 MATT THUESON BOARD MEMBER 2.00 X 0 0 0 JEANNE WALZ BOARD MEMBER 2.00 X 0 0 0 STEVE WILCOX BOARD MEMBER 2.00 X 0 0 0 JANE HETLAND STEVENSON PRESIDENT 40.00 X 111326 0 9783 111326 0 9783 1 0 0 0 0 3971910 1578762 3971910 ADMINISTRATIVE CHARGES 525990 233556 233556 CONVERSATIONS OF THE VALLEY 900099 11087 11087 244643 607097 607097 20512 0 20512 20512 20512 2928588 2358036 570552 570552 570552 5414714 244643 0 1198161 1950264 1950264 121908 48470 43131 30307 220775 157181 50011 13583 11843 9470 1018 1355 8137 5652 1941 544 29497 17872 7949 3676 16756 13802 2954 10965 10965 132248 70600 61648 1725 1725 2885 1871 639 375 16788 10726 3802 2260 61349 39764 15923 5662 4918 4668 46 204 14727 13126 1371 230 11110 7380 2680 1050 5064 2717 1960 387 FUND PROJECT EXPENSES 442629 442629 EQUIPMENT RENTAL AND MA 28485 18921 6870 2694 HOUSE SELLING EXPENSE 25986 25986 CONVERSATIONS OF THE VA 8161 8161 3230 3230 3129450 2823274 217863 88313 19757 44688 600000 605254 4851 8286 65097 54227 21980 10870 45707852 46967719 46354440 47636817 54768 70877 75000 25000 21451 24745933 24847262 24875701 24964590 X 765870 519638 6089272 6191629 14623597 15960960 21478739 22672227 46354440 47636817 2285264 -1091776 0 X X 0 1 X 1 0 X 2578478 1479352 2716876 2470039 3971910 13216655 2578478 1479352 2716876 2470039 3971910 13216655 1676165 11540490 348037 405233 391379 490385 627609 2262643 15479298 933499 0.74550 0.78200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 143 2058459 1711247 8035401 1 1 0 1 X 18056856 1542236 80442 1014494 203127 18461913 17423498 854770 730473 680435 271450 18056856 14658284 1061644 2524009 580828 239611 17423498 13243645 452047 1695745 525974 207179 14658284 12216732 1017995 575096 384911 181267 13243645 0.01300 0.86450 0.12250 1 0 65097 54227 10870 10870 X 4322938 -1091776 -1091776 5414714 0 5414714 3129450 0 3129450 0 3129450 PART IV, LINE 2B: THE FOUNDATION HAS ESTABLISHED A LIABILITY FOR FUNDS FROM DONORS WHICH THE FOUNDATION IS AN AGENT. THE FOUNDATION HAS AGREEMENTS WITH ALL ORGANIZATIONS IN WHICH IT IS ACTING AS AN AGENT. PART V, LINE 4: THE FOUNDATION'S ENDOWMENTS CONSIST OF FUNDS ESTABLISHED TO PROVIDE PROGRAM SUPPORT SUCH AS ARTS, MUSIC, AND SCIENCE AS WELL AS GENERAL OPERATIONS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SEC 501(C)(3) OF THE INTERNAL REVENUE CODE. U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION AND HAS CONCLUDED THAT AS OF JUNE 30, 2016 AND 2015, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. 1 AMERICAN PARKINSON'S DISEASE ASSOCIATION 333 NORTH SMITH AVENUE ST PAUL MN 55102 131962771 501(C)(3) 5000 FUNDS WILL BE EXCLUSIVELY DIRECTED TOWARDS THE PURCHASE OF RESOURCES FOR THE APDA TO STAFF RN TALENT ON THE #800 HELPLINE, OFFSET NEWSLETTER, BOOKS & PAMPHLETS PRODUCTION/MAILING COSTS AND SUBSIDIZE PRODUCTION OF PARKINSONS EDUCATION SEMINARS ARTREACH ST CROIX 224 4TH STREET NORTH STILLWATER MN 55082 411758837 501(C)(3) 8200 ST. CROIX VALLEY ORCHESTRA, PROVIDE SUPPORT FOR TAKE ME TO THE RIVER, GOING MOBILE WITH ARTREACH, CONNECTING AUDIENCES TO THE ARTS THROUGH STCROIXSPLASH.ORG BAYFIELD COUNTY LAND & WATER CONSERVATION DEPARTMENT PO BOX 126 WASHBURN WI 54891 396005670 501(C)(3) 6500 SUPPORT FOR THE OPERATION OF THE STREAM FLOW AND TEMPERATURE MONITORING PAGE (USGS SITE ID 05331833) ON THE NAMEKAGON RIVER AT LEONARDS, WI BLUES ON THE CHIPPEWA INC PO BOX 125 DURAND WI 54736 262517984 501(C)(3) 15000 FUNDING FOR 2016 AND 2017 FESTIVAL AND RELATED CHARITABLE PURPOSES CAN DO CANINES 9440 SCIENCE CENTER DRIVE NEW HOPE MN 55428 411594165 501(C)(3) 5000 TO PROVIDE ASSISTANCE DOGS TO PEOPLE WITH DISABILIITIES CANVAS HEALTH 5650 MEMORIAL AVENUE NORTH OAK PARK HEIGHTS MN 55082 410955577 501(C)(3) 15000 HOMELESS YOUTH OUTREACH CITY OF NEW RICHMOND 156 EAST FIRST ST NEW RICHMOND WI 54017 396005554 501(C)(3) 52152 SKATE PARK COR RETREAT INC PO BOX 1000 HUDSON WI 54016 453977601 501(C)(3) 80000 GENERAL OPERATING - FOOD RECOVERY CYSTIC FIBROSIS FOUNDATION NEBRASKA CHAPTER 11917 PIERCE PLAZA OMAHA NE 68144 470527737 501(C)(3) 5000 ANNUAL FUND EAST IMMANUEL LUTHERAN CHURCH 207 120TH ST AMERY WI 54001 391303353 501(C)(3) 50000 BUILDING FUND EZEKIEL LUTHERAN CHURCH 202 SOUTH SECOND STREET RIVER FALLS WI 54022 390860349 501(C)(3) 22240 GENERAL FUND, ALIVE APPEAL AND GENERAL OPERATING FAMILYMEANS 1875 NORTHWESTERN AVENUE SOUTH STILLWATER MN 55082 416045574 501(C)(3) 15000 FOR PROGRAMS THAT HELP BOTH CHILDREN AND ADULTS IN ABUSIVE SITUATIONS FIRST BAPTIST CHURCH 309 VINE STREET HUDSON WI 54016 391350916 501(C)(3) 60500 KENYAN MISSION PROJECT, CHURCH SIDING PROJECT, ELECTRIC CHAIR LIFT FIRST PRESBYTERIAN CHURCH 1901 VINE STREET HUDSON WI 54016 930846997 501(C)(3) 8230 XCEL ENERGY SOLAR GARDEN PROJECT - DOWN PAYMENT, GENERAL OPERATING, PROPERTY FUND HEALTHEAST FOUNDATION 1690 UNIVERSITY AVE W SUITE 250 ST PAUL MN 55104 411602044 501(C)(3) 32700 SUPPORT THE THERAPEUTIC RECREATION OUTREACH PROGRAM AT HEALTHEAST FOUNDATION, WHICH PROVIDES A VARIETY OF PROGRAMS AND ACTIVITIES DESIGNED TO BETTER SERVE THE PARKINSON'S COMMUNITY, SUPPORT INDIVIDUALS TO ATTEND EDUCATIONAL CONFERENCE HILL MURRAY SCHOOL 2625 LARPENTEUR AVE EAST ST PAUL MN 55109 410829754 501(C)(3) 29600 JOHNSON FAMILY SCHOLARSHIP FUND FOR 2015-16 HOPE LUTHERAN CHURCH 3337 KINGSBARN AVENUE RIVER FALLS WI 54022 721603482 501(C)(3) 6267 DONOR DESIGNATED IN SPORTS FOUNDATION 151 E CLIFFORD BURNSVILLE MN 55337 472391352 501(C)(3) 14500 GENERAL OPERATING COTTEY COLLEGE (JANET HANSEN SCHOLARSHIP) 1000 WEST AUSTIN NEVADA MO 64772 440545271 501(C)(3) 10000 SCHOLARSHIPS LAKEVIEW HEALTH FOUNDATION 927 CHURCHILL STREET STILLWATER MN 55082 411386635 501(C)(3) 5000 LAKEVIEW HOSPICE GENERAL OPERATING - IN MEMORY OF HARRIET SPITZ MARINE SCHOOL ASSOCIATION 550 PINE STREET MARINE ON ST CROIX MN 55047 416042089 501(C)(3) 5000 BUILDING WINTER RECREATION SKILLS AT MARINE ELEMENTARY MOUNT HOLYOKE COLLEGE 50 COLLEGE STREET SOUTH HADLEY MA 01075 042103578 501(C)(3) 6000 CLASS OF '48 MUSIC SAINT CROIX 522 WEST OAK STREET STILLWATER MN 55082 411927697 501(C)(3) 5000 ST. CROIX CELEBRATION! NATIONAL PARKINSON'S ASSOCIATION MINNESOTA 5905 GOLDEN VALLEY ROAD SUITE 201 GOLDEN VALLEY MN 55422 411820111 501(C)(3) 25000 SUPPORT NPFM'S EFFORTS TO BUILD PARKINSON FRIENDLY COMMUNITIES IN 6 GREATER MN COMMUNITIES BY OFFERING EDUCATIONAL OPPORTUNITIES FOR INDIVIDUALS IMPACTED BY PARKINSON'S DISEASE. NORTH PARK UNIVERSITY - MICHAELSON ENDOWED FUND 3225 WEST FOSTER AVE PO BOX 6 CHICAGO IL 60625 361557840 501(C)(3) 248273 CLOSE FUND AT SCVF AND OPEN AND ENDOWED FUND AT NORTH PARK UNIVERSITY OUR NEIGHBORS' PLACE PO BOX 274 RIVER FALLS WI 54022 352383155 501(C)(3) 5500 GENERAL FUND, BACKPACK PROGRAM AND FREE CLOSET PARTNERSHIP PLAN FOR STILLWATER AREA SCHOOLS 1875 S GREELEY ST STILLWATER MN 55082 203012418 501(C)(3) 9895 GENERAL OPERATING AND MUSIC MEANS MORE PROGRAM PEPIN COUNTY HISTORICAL SOCIETY 315 WEST MADISON STREET DURAND WI 54736 391502375 501(C)(3) 7000 TO FUND SUMMER INTERNSHIP FOR RESEARCH & OPERATIONS IN CONNECTION WITH UW-EAU CLAIRE HISTORY DEPARTMENT, MASTER'S DEGREE PROGRAM IN PUBLIC HISTORY. PRESBYTERIAN HOMES & SERVICES 2845 HAMLINE AVENUE N ST PAUL MN 55113 411465334 501(C)(3) 50000 PHILIPPINE NURSES PRESBYTERIAN HOMES FOUNDATION 2845 HAMLINE AVENUE N ROSEVILLE MN 55113 411465334 501(C)(3) 300000 GENERAL OPERATIONS SCHOOL DISTRICT OF ST CROIX FALLS FUND 21 PO BOX 130 ST CROIX FALLS WI 54024 396004293 501(C)(3) 19925 VARIOUS SCIENCE MUSEUM OF MINNESOTA - WARNER NATURE CENTER 120 W KELLOGG BLVD ST PAUL MN 55102 410706172 501(C)(3) 5000 NATUREATHLON SOCIAL GOOD FUND INC 6641 AQUA VISTA CT RICHMOND CA 94805 461323531 501(C)(3) 5000 SUPPORT FOR EXPENSES OF REGIONAL FILM FESTIVAL ST ANDREW'S LUTHERAN CHURCH 900 STILLWATER ROAD MAHTOMEDI MN 55115 410880458 501(C)(3) 25000 GENERAL OPERATING ST CROIX RIVER ASSOCIATION 230 SOUTH WASHINGTON ST UNIT 1 PO BOX 655 ST CROIX FALLS WI 54024 263025933 501(C)(3) 93456 RIVER CONNECTIONS PROGRAM SUPPORT, GENERAL OPERATIONS AND SPEAKER SERIES FUNDING ST MARY'S CATHOLIC CHURCH 423 5TH ST S STILLWATER MN 55082 410782871 501(C)(3) 10000 PARISH BUILDING FUND, PARISH OPERATING EXPENSES STILLWATER AREA HIGH SCHOOL 5701 STILLWATER BLVD NORTH STILLWATER MN 55082 416008519 501(C)(3) 5000 A NEW FRENCH HORN AND MONIES TOWARD A NEW TUBA STILLWATER PUBLIC LIBRARY 224 THIRD ST N STILLWATER MN 55082 416005566 501(C)(3) 10476 DONOR DESIGNATED THE PHIPPS CENTER FOR THE ARTS 109 LOCUST STREET HUDSON WI 54016 391360778 501(C)(3) 15842 GENERAL OPERATIONS, 2015 ANNUAL FUND DRIVE, STAGING OUR FUTURE, ENDOWMENT FUND TROPICAL WINGS 257 COVE ROAD HUDSON WI 54016 473561173 501(C)(3) 28405 GENERAL OPERATING, GENERAL SUPPORT TOWARDS SISTER PARK PARTNERSHIP UNITED WAY OF WASHINGTON COUNTY - EAST 1825 CURVE CREST BLVD STILLWATER MN 55082 410855267 501(C)(3) 15000 GENERAL OPERATIONS, PILLAR CLUB UNITED WAY ST CROIX VALLEY 516 SECOND ST SUITE 214B HUDSON WI 54016 391372545 501(C)(3) 9944 DONOR DESIGNATED AND GENERAL OPERATING UNIVERSITY OF ILLINOIS ROGER ADAMS FUND PO BOX 3429 CHAPAIGN IL 61801 376006007 501(C)(3) 6000 GENERAL OPERATING WILLOW RIVER GARDEN CLUB - KALEIDOSCOPE FUND 900 NORTH SHORE DRIVE NEW RICHMOND WI 54017 200023809 501(C)(3) 6500 TO PURCHASE AND INSTALL AN OUTDOOR METAL SCULPTURE/GARDEN KALEIDOSCOPE FOR THE REFLECTION GARDEN AT THE DEERFIELD GABLES SENIOR LIVING COMMUNITY IN NEW RICHMOND AND REFLECTION GARDEN AT DEERFIELD GABLE SERNIOR. YOUNG LIFE ST CROIX VALLEY 1151 PARKWOOD LANE STILLWATER MN 55082 840385934 501(C)(3) 26204 CAMP SCHOLARSHIPS, GENERAL OPERATIONS, JAMES BLASKO MEMORIAL AND DONOR DESIGNATED YOUTH SERVICE BUREAU INC 101 WEST PINE STREET STILLWATER MN 55082 411333578 501(C)(3) 6985 TO BENEFIT THE YOUTH OF STILLWATER HUDSON DAYBREAK ROTARY PO BOX 48 HUDSON WI 54016 391692800 501(C)(3) 12142 DONATION OF 50% OF EVENT PROCEEDS RIVER FALLS SCHOOL DISTRICT 852 E DIVISION ST RIVER FALLS WI 54022 396004207 501(C)(3) 5000 POW! GIRLS RUNNING PROGRAM 48 PART I, LINE 2: STAFF PERFORMS DUE DILIGENCE TO CONFIRM THAT GRANT RECIPIENTS ARE 501(C)(3) ORGANIZATIONS. THEY ARE REVIEWED BY THE GRANTS ADMINISTRATOR, THE PRESIDENT AND THE ACCOUNTANT. WITH COMPETITIVE GRANTS, FINAL REPORTS ARE REQUIRED FROM THE RECIPIENTS TO EXPLAIN HOW THE GRANT FUNDS WERE SPENT AND THE RESULTS ACHIEVED WITH THE GRANTS. STAFF FOLLOW UP WITH ALL COMPETITIVE GRANT RECIPIENTS TO GET THESE REPORTS. X 38 1228198 QUOTED STOCK PRICE X 1 34564 QUOTED STOCK PRICE X 3 316000 SALE PRICE/APPRAISAL 0 1 1 PART I, LINE 32B: ALL STOCK DONATIONS ARE RECEIVED IN AN FOUNDATION INVESTMENT ACCOUNT ADMINISTERED BY A THIRD PARTY. ALL STOCK DONATIONS ARE SOLD UPON RECEIPT. GIFTS OF REAL PROPERTY ARE MADE TO SCVF HOLDINGS, LLC (A DISREGARDED ENTITY OF THE FOUNDATION) AND MARKETED BY THE LOCAL AFFILIATE BOARD MEMBERS DESIGNEE. PROCEEDS FROM PROPERTY SALES ARE THEN TRANSFERRED TO THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11 THE 990 RETURN IS PRESENTED TO THE BOARD OF DIRECTORS AND OUR TREASURER. THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS REVEIWED AND DISCUSSED ANNUALLY BEFORE THE BOARD MEMBERS SIGN THE CONFLICT OF INTEREST FORM AND DISCLOSE ANY CONFLICTS THEY MAY HAVE. CONFLICTS, IF ANY, ARE MONITORED BY MANAGEMENT THROUGHOUT THE YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION BOARD PERIODICALLY REVIEWS THE JOB DESCRIPTION OF THE PRESIDENT AND EVALUATES HIS/HER PERFORMANCE ON A REGULAR BASIS. COMPENSATION OF THE PRESIDENT IS SET AND APPROVED BY THE FULL BOARD, THE EXECUTIVE OR THE AUDIT COMMITTEE. NO BOARD OR COMMITTEE MEMBERS WILL TAKE PART IN SETTING THE COMPENSATION OF THE PRESIDENT IF THEY HAVE ANY CONFLICT OF INTEREST. THE PRESIDENT WILL NOT BE PRESENT DURING THE DISCUSSION OF COMPENSATION. THE RESPONSIBLE COMMITTEE WILL REPORT FULLY TO THE ENTIRE BOARD. THE EXCESS BENEFIT TRANSACTION RULES (I.E. BASING THE DECISION ON COMPARABLE DATA READILY AVAILABLE TO THE BOARD COMMITTEE AND RECORDING THE PROCESS AND DECISIONS IN THE MINUTES), CREATE A PRESUMPTION OF REASONABLENESS FOR COMPENSATION. THE RESPONSIBLE COMMITTEE MAY USE COMPENSATION SURVEYS BY INDEPENDENT CONSULTANTS, COMPENSATION PACKAGES OFFERED AT SIMILARLY SIZED FOUNDATIONS, AND WRITTEN OFFERS FROM SIMILAR INSTITUTIONS COMPETING FOR THE SERVICES OF THE PRESIDENT. THE RESPONSIBLE COMMITTEE WILL DOCUMENT THE BASIS FOR ITS DETERMINATIONS OF THE COMPENSATION PACKAGE, WITH THE IMPLEMENTATION OF THE DETERMINATION (WITHIN 60 DAYS OF THE DECISION, OR THE NEXT MEETING OF THE FULL BOARD OF DIRECTORS, WHICHEVER IS LATER). THE DOCUMENTATION WILL INCLUDE: - THE TERMS OF THE TRANSACTION AND THE DATE IT WAS APPROVED. - THE MEMBERS OF THE COMMITTEE WHO DISCUSSED THE COMPENSATION AND THE NAMES OF THE MEMBERS WHO APPROVED IT. - THE COMPARABILITY DATA USED, AND HOW IT WAS OBTAINED. - THE ACTION TAKEN TO CONSIDER THOSE WHO HAD A CONFLICT OF INTEREST WITH RESPECT TO THE DECISION ON THE COMPENSATION PACKAGE. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION THAT SCVF USES TO ASSUME RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT, REVIEW, OR COMPILATION OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. SCVF HOLDINGS LLC 516 2ND STREET SUITE 214 HUDSON WI 54016 464871208 TO ACCEPT AND SELL DONATIONS OF REAL PROPERTY FOR THE FOUNDATION WI 316000 37620 ST CROIX VALLEY FOUNDATION