2017-11-08T11:28:11-06:00 2016-12-31 BKD LLP 6120 S Yale 1400 Tulsa OK 741364223 990 2016-01-01 730583936 OSTEOPATHIC FOUNDERS FOUNDATION % SHERRI L WISE OSTE 9185517300 8801 SOUTH YALE AVENUE Suite 400 TULSA OK 74137 SHERRI L WISE PRESIDENT/CEO 2017-11-08 true Lisa E Hairston P01577080 9185842900 2017-11-08 167.68.126.162 73023320173125000000 2017-11-08 P BDBCAE2F1334350891DD6E5DAE9F19A3F5A25B98 DAD65EECAC843260A5C4F21A94354906CA5D7CD4 2016 2021-01-29 14:40:06Z SHERRI L WISE 8801 SOUTH YALE AVENUE400 TULSA OK 74137 1068610 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 7 15 0 0 389717 339558 49756 58143 981585 600734 -64066 -95273 1356992 903162 329185 501247 0 0 291081 315355 0 0 78415 354447 353919 974713 1170521 382279 -267359 17910530 18212024 759292 1078772 17151238 17133252 X THE MISSION OF 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 132120 58143 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 SPONSORED A FINANCIAL MANAGEMENT SEMINAR FOR MEDICAL STUDENTS TO ASSIST THEM IN PLANNING FOR MANAGING THEIR FINANCES AND STUDENT LOAN DEBT AS THEY CONTINUE THEIR TRAINING. THIRTEEN 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 AOA OR ACGME ACCREDITED POSTGRADUATE TRAINING PROGRAMS. A GRANT WAS PROVIDED TO FUND A PROGRAM TO TRAIN ALL CHIEF RESIDENTS AT THE OSU MEDICAL CENTER IN CRUCIAL CONVERSATIONS A PROGRAM DEMONSTRATED TO IMPROVE PATIENT SAFETY. THE FOUNDATION ALSO PARTNERS WITH THE POST GRADUATE TRAINING PROGRAMS AT OSU MEDICAL CENTER TO PRESENT MONTHLY LECTURES ON THE BUSINESS OF MEDICINE WHICH REACH NEARLY 100 MEDICAL STUDENTS AND YOUNG PHYSICIANS MONTHLY. 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 2016, 19 QUALIFYING PROFESSIONAL DEVELOPMENT PROGRAMS WERE OFFERED IN INTERNAL MEDICINE, ULTRASONOGRAPHY, PAIN MANAGEMENT, ONCOLOGY,TRAUMA, AND HEALTH POLICY AND HEALTHCARE FINANCE WHICH TRAINED OVER 800 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 SEVENTEEN CME PROGRAMS IN FIVE OKLAHOMA COMMUNITIES WHICH TRAINED NEARLY 1000 OSTEOPATHIC AND ALLOPATHIC PHYSICIANS IN THE PROPER PRESCRIBING OF CONTROLLED DANGEROUS DRUGS. WE ARE PROUD TO SAY THAT OUR COMMITMENT TO MEDICAL EDUCATION SERVES THE CONTINUUM FROM MEDICAL SCHOOL THROUGH MEDICAL PRACTICE. 633554 501247 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 2016; MEALS ON WHEELS RECEIVED A GRANT OF $30,000 TO PROVIDE DAILY HOME DELIVERED MEALS TO THE ELDERLY AND DISABLED CITIZENS OF TULSA COUNTY. WITH THIS GRANT, THEY WERE ABLE TO LAUNCH THEIR BREAKFAST PROGRAM FOR THOSE SUFFERING FROM FOOD INSECURITY. ASSISTANCE IN HEALTHCARE RECEIVED A $35,000 GRANT FROM THE FOUNDATION. WITH THIS GRANT THEY PROVIDED ASSISTANCE WITH THE NON-MEDICAL FINANCIAL NEEDS OF PATIENTS RECEIVING THERAPY FOR CANCER. MANY OF THESE PATIENTS ARE FORCED TO TRAVEL LONG DISTANCES AND OFTEN ARE UNABLE TO MAINTAIN EMPLOYMENT DURING THIS LIFE EXTENDING TREATMENT. THE TULSA COMMUNITY FOOD BANK, WHICH DISTRIBUTES OVER 21 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. NEW VIEW OKLAHOMA IS AN ORGANIZATION THAT PROVIDES ASSISTANCE TO BLIND AND VISUALLY IMPAIRED CITIZENS. WITH OUR GRANT OF $5,000 THEY WILL PROVIDE ASSISTIVE DEVICES TO SENIOR ADULTS WHICH WILL HELP MAINTAIN INDEPENDENCE. HOPE, AN AGENCY WHICH PROVIDES COUNSELING, TESTING, AND EDUCATION ON HIV AND STI'S WAS ABLE TO PURCHASE SUPPLIES FOR TESTING IN THEIR SPECIALLY EQUIPPED VAN WHICH TRAVELS TO RURAL LOCATIONS WITH THE $7,500 FUNDING PROVIDED BY THE FOUNDATION. OUR COMMITMENT TO QUALITY END OF LIFE CARE WAS DEMONSTRATED WITH A GRANT TO HOSPICE OF GREEN COUNTRY FOR THEIR COURTESY CARE PROGRAM. THE TULSA COUNTY MEDICAL SOCIETY FOUNDATION WAS SUPPORTED WITH A $7,500 GRANT TO ASSIST WITH THEIR 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. 193100 ABOUT EVERY 25 SECONDS, AN AMERICAN WILL SUFFER A CORONARY EVENT, AND ABOUT EVERY MINUTE SOMEONE WILL DIE FROM ONE. CLEARLY, A PUBLIC HEALTH ISSUE, THE FOUNDATION HAS CHOSEN TO ADDRESS THE NEED FOR CONTINUED TRAINING OF HEALTH 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. THE NEONATAL RESUSCITATION PROGRAM WHICH IS JOINTLY ACCREDITED BY THE AHA AND THE AMERICAN ACADEMY OF PEDIATRICS IS ALSO PART OF OUR SUITE OF TRAINING SERVICES. OVER 400 PROFESSIONALS RECEIVED CERTIFICATION IN THESE DISCIPLINES THROUGH OUR SITE IN 2016. BECAUSE ONLY 31.4% OF OUT-OF-HOSPITAL CARDIAC ARRESTS RECEIVE BYSTANDER CPR, WE ALSO PLACE AN EMPHASIS ON PROVIDING TRAINING IN THE BASIC SKILLS OF CARDIOPULMONARY 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 2016 THE FOUNDATION PROVIDED THREE 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 NEED OF OLDER ADULTS. TO IMPROVE THE SAFETY OF VISITORS TO TULSA, TRAINING IN CPR, AED, AND FIRST AID WAS PROVIDED TO EMPLOYEES OF THE TULSA ZOO AS WELL AS THE STAFF OF THE GIRL SCOUTS OF AMERICA. 958774 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 7 true false false false false false true true 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 741373539 LAURA L ARROWSMITH DIRECTOR 2.0 0.0 X 0 0 0 J MARTIN BEAL DIRECTOR 2.0 0.0 X 0 0 0 SHELDON BERGER DIRECTOR 2.0 0.0 X 0 0 0 SCOTT S CYRUS CHAIRMAN 3.0 0.0 X X 0 0 0 TOM A HAMILTON DIRECTOR 2.0 0.0 X 0 0 0 DANIEL G MORRIS DIRECTOR 2.0 0.0 X 0 0 0 PATTI W SHAW DIRECTOR 2.0 0.0 X 0 0 0 MOUSUMI SOM VICE-CHAIRMAN 3.0 0.0 X X 0 0 0 DANNY THOMASON SECRETARY/TREASURER 3.0 0.0 X X 0 0 0 CANDY N TING DIRECTOR 2.0 0.0 X 0 0 0 HENRY WILL DIRECTOR 2.0 0.0 X 0 0 0 SHERRI WISE PRESIDENT/CEO 40.0 0.0 X 160366 0 16330 160366 0 16330 1 false true false 0 2200 169629 167729 9200 339558 TUITION AND FEES 611420 53063 53063 OTHER INCOME 900099 3880 3880 INCOME FROM AFFILIATED ORGANIZATION 900099 1200 1200 58143 347623 347623 0 0 0 0 0 253111 253111 253111 253111 70175 169629 165448 -95273 -95273 0 0 0 0 0 0 0 903162 58143 505461 380127 380127 121120 121120 0 0 160367 113684 26676 20007 0 112153 79505 18656 13992 0 27071 19191 4503 3377 15764 11175 2622 1967 0 0 20920 18828 2092 0 0 73051 71626 1425 0 0 0 0 0 77038 62623 8649 5766 16038 11603 3872 563 0 0 0 0 8410 6569 1104 737 5997 2733 3264 UNITRUST DISTRIBUTIONS 28489 28489 CONTRACT SERVICES 25338 23795 1543 SUPPLIES 14703 11601 3102 EVENTS 12424 12424 71511 43422 28089 1170521 958774 133332 78415 50854 31936 90362 104188 1000 1000 1272 16 0 0 0 0 0 0 1850 1850 20548 23860 265960 254145 14855 11815 15442145 15729527 2287644 2307832 0 0 0 0 0 0 17910530 18212024 595700 895634 0 0 0 0 0 0 0 0 0 0 0 0 0 0 163592 183138 759292 1078772 X 15038754 15028031 1123679 1139241 988805 965980 17151238 17133252 17910530 18212024 -267359 249373 X true X false true false X 236605 324029 376300 389717 339558 1666209 0 0 236605 324029 376300 389717 339558 1666209 34588 1631621 308139 356410 418788 328305 347623 1759265 0 97369 97939 81691 68428 58143 403570 3829044 403024 0.42612 0.38358 X FACTS AND CIRCUMSTANCES TEST SEE ATTACHMENT FOR FACTS AND CIRCUMSTANCES TEST. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 988805 2200 991005 985630 3175 988805 981255 4375 985630 975530 5725 981255 970230 5300 975530 1.00000 false false 37057 37057 228903 217088 11815 11815 Other Securities 2307832 F 2307832 0 DEFERRED COMPENSATION 156344 OTHER LIABILITIES 26794 183138 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 210124 150204 59920 11272 31122 59871 4950 37343 RESIDENT GRADUA 20480 10225 10255 20576 314 0 230604 160429 70175 11272 31122 80447 4950 37657 165448 -95273 true Meals on Wheels 12620 E 31ST STREET TULSA OK 74146 731125389 501(C)3 30000 SENIOR MEALS Assistance in Health Care PO BOX 700392 TULSA OK 74170 731453025 501(C)3 30000 PATIENT ASSISTANCE PROGRAMS Health Outreach Prevention Education 3540 E 31ST STREET TULSA OK 74135 731537952 501(C)3 7500 PATIENT ASSISTANCE Mental Health Association of Oklahoma 1870 S BOULDER TULSA OK 74119 730657931 501(C)3 6000 HOUSING ASSISTANCE 4 Educational Stipends 18 21214 Scholarships 6 21100 Textbooks 136 27210 Cost Textbooks Library Resources 150 2279 Cost Books Post Graduate Training Programs 150 18927 Cost Educational Events Educational Materials 50 13877 Cost Training Resources Cardiology Education 18 6328 Cost Educational Events 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 WISE PRESIDENT/CEO 155000 0 0 0 5366 0 4811 0 11519 0 176696 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 AMENDED AND RESTATED BY-LAWS OF THE ORGANIZATION RESERVE THE POWER TO AMEND THE BY-LAWS TO THE MEMBERSHIP OF THE ORGANIZATION. THE PROCEDURE REQUIRED TO AMEND BY-LAWS BEGINS WITH THE INITIATION OF THE PROPOSED AMENDMENT BY THE BOARD OF DIRECTORS. AT THE NEXT MEETING OF THE BOARD OF DIRECTORS, SUBSEQUENT TO THE MEETING AT WHICH THE PROPOSED AMENDMENTS WERE PRESENTED, SUCH AMENDMENTS MUST RECEIVE THE AFFIRMATIVE VOTE OF THE MAJORITY OF THE DIRECTORS. IF APPROVED BY THE BOARD OF DIRECTORS, THE PROPOSED AMENDMENTS SHALL BE MAILED TO THE MEMBERS OF THE ORGANIZATION AT LEAST 30 DAYS PRIOR TO THE DATE ESTABLISHED FOR THE BALLOT ON WHICH THEY ARE TO BE CONSIDERED FOR ADOPTION. TO BE EFFECTIVE, AMENDMENTS MUST RECEIVE THE AFFIRMATIVE VOTE OF TWO-THIRDS OF THE MEMBERS REPRESENTED BY ABSENTEE BALLOT OR AT A MEETING OF THE MEMBERS OF THE ORGANIZATION AT WHICH A DULY QUALIFIED QUORUM IS PRESENT. 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.