2016-11-08T15:04:55-06:00 2015-12-31 410746749 CLIFTONLARSONALLEN LLP 2301 VILLAGE DRIVE ST JOSEPH MO 64506 990 2015-01-01 270436182 COMMUNITY FOUNDATION OF NORTHWEST MISSOURI INC COMM 8162322022 1006 W ST MAARTENS DR NO STE B SAINT JOSEPH MO 64506 MARY HINDE PRESIDENT/CEO 8162322022 2016-11-03 1 TIM REYNOLDS CPA P00742849 8162328441 2015 2017-02-10 21:41:12Z MARY HINDE 1006 W ST MAARTENS DR NO STE B SAINT JOSEPH MO 64506 3139304 0 X WWW.CFNWMO.ORG X 2009 MO INCREASE POWER OF CHARITABLE GIVING TO TRANSFORM OUR REGION INTO AN ECONOMICALLY VIBRANT AREA 22 21 7 22 0 0 5394365 1098102 128486 142428 809162 694790 -1351 1712 6330662 1937032 1350191 1167878 0 0 143695 228866 0 0 128669 288300 339812 1782186 1736556 4548476 200476 20949541 20250825 2434771 2330152 18514770 17920673 X THROUGH REGIONAL COLLABORATION, INCREASE THE POWER OF CHARITABLE GIVING AND PHILANTHROPY TO TRANSFORM OUR REGION INTO AN ECONOMICALLY VIBRANT AREA. 1 0 1351401 1167878 837218 THE COMMUNITY FOUNDATION ADMINISTERS FUNDS INCLUDING GRANTS TO VARIOUS PUBLIC CHARITIES PRIMARILY IN NORTHWEST MISSOURI.DONOR ADVISED FUND: THIS FUND ALLOWS THE DONOR TO RECOMMEND HOW THEIR GIFT IS USED. THE COMMUNITY FOUNDATION VERIFIES THE DONOR'S RECOMMENDATIONS MEET ITS GRANT-MAKING POLICIES AND THE GRANTEE ORGANIZATION IS A QUALIFIED PUBLIC CHARITY OR GOVERNMENT ENTITY. GRANT AWARDS ARE ISSUED TO CHARITIES IN THE NAME OF THE FUND (OR ANONYMOUSLY IF THE DONOR PREFERS), AND CONTRIBUTIONS TO THE FUND QUALIFY FOR INCOME TAX DEDUCTION IN THE YEAR THEY ARE MADE.FIELD OF INTEREST FUND: THE DONOR INSTRUCTS THE COMMUNITY FOUNDATION TO USE THE AVAILABLE GRANT DOLLARS IN A PARTICULAR AREA OF INTEREST, SUCH AS EDUCATION, HEALTH, YOUTH, THE ENVIRONMENT AND SO FORTH, RATHER THAN RESTRICTING THE MONEY TO ONE ORGANIZATION. THIS FUND IS FLEXIBLE ENOUGH TO MEET CHANGING COMMUNITY NEEDS IN A SPECIFIC INTEREST AREA.DESIGNATED FUND: THE DONOR INSTRUCTS THE COMMUNITY FOUNDATION TO PAY AVAILABLE GRANT DOLLARS TO ONE OR MORE SPECIFIC NAMED CHARITABLE ORGANIZATIONS, USUALLY IN PERPETUITY. DONATIONS ARE THEN SENT IN THE DONOR'S NAME EACH YEAR. BECAUSE THE GIFT IS GIVEN THROUGH THE COMMUNITY FOUNDATION, THE ORGANIZATION ALSO RECEIVES SERVICES FOR PLANNED GIVING AND INVESTMENT. THE FOUNDATION MONITORS HOW DONATIONS ARE USED TO BE SURE A NEED ALWAYS EXISTS.SCHOLARSHIP FUND: THIS FUND ALLOWS DONORS TO INVEST IN THE COMMUNITY'S FUTURE AND HELP DESERVING STUDENTS ACHIEVE THEIR LIFETIME DREAMS. THESE FUNDS PROVIDE SUPPORT FOR INDIVIDUALS PURSUING A TRAINING OR EDUCATIONAL OPPORTUNITY. AS PART OF THE FUND, DONORS CAN SPECIFY CERTAIN ELIGIBILITY CRITERIA, SUCH AS THE SCHOOL(S) STUDENTS MUST GRADUATE FROM OR BE ADMITTED TO, INTENDED MAJOR, GPA, ACT SCORE OR FINANCIAL NEED. GRANTS MAY BE AWARDED TO THE INDIVIDUALS THEMSELVES, PROVIDED THE FOUNDATION DOES THE REQUIRED FOLLOW-UP, OR THE EDUCATIONAL INSTITUTION.ORGANIZATIONAL FUND: THIS FUND IS ESTABLISHED BY PUBLIC CHARITIES AND OFFERS THEM A SIMPLE AND EFFICIENT WAY TO BUILD AN ENDOWMENT AND CREATE SUSTAINABILITY. THE COMMUNITY FOUNDATION HELPS THE ORGANIZATION WITH PLANNING, INVESTING AND ADMINISTERING THE FUNDS, AS WELL AS DISTRIBUTES GRANT DOLLARS TO THE ORGANIZATION FOR GENERAL PURPOSES.UNRESTRICTED FUNDS: THE DONOR ALLOWS THE COMMUNITY FOUNDATION TO USE AVAILABLE GRANT DOLLARS FOR A BROAD RANGE OF COMMUNITY ISSUES. THIS ALLOWS THE FOUNDATION TO RESPOND TO CHANGING COMMUNITY NEEDS OVER TIME. 10152 0 0 THE REGIONAL VITALITY INITIATIVE IS INTENDED TO SUPPORT THE NORTHWEST MISSOURI CITIZENS AND LEADERS IN CREATING SUSTAINABLE SYSTEMS SUPPORTING REGIONAL COLLABORATION THAT DRIVES REGIONAL PHILANTHROPY AND PROSPERITY. 1361553 1 1 0 1 0 1 0 0 1 1 1 0 1 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 0 0 0 0 0 1 3 0 7 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 22 21 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X STACEY HELFERY 8162322022 1006 W ST MAARTENS DR NO STE B SAINT JOSEPH MO 64506 BLACKFORD JAMES L BOARD MEMBER 1.00 X 0 0 0 CARMICHAEL BETH BOARD MEMBER 1.00 X 0 0 0 CLEVELAND BECKY BOARD MEMBER 1.00 X 0 0 0 DOOLITTLE JON BOARD MEMBER 1.00 X 0 0 0 DOUGLAS ED BOARD MEMBER 1.00 X 0 0 0 FORDYCE RICHARD BOARD MEMBER 1.00 X 0 0 0 GREGORY JENNEE BOARD MEMBER 1.00 X 0 0 0 GRIFFIN STAN BOARD MEMBER 1.00 X 0 0 0 KNEIB-DIXON JENNIFER BOARD MEMBER 1.00 X 0 0 0 MCANALLY BRAD BOARD MEMBER 1.00 X 0 0 0 MCCREA ANDREW BOARD MEMBER 1.00 X 0 0 0 PHILLIPS BILL BOARD MEMBER 1.00 X 0 0 0 PLACE ED BOARD MEMBER 1.00 X 0 0 0 PURCELL ALFRED BOARD MEMBER 1.00 X 0 0 0 SPRONG GERALD BOARD MEMBER 1.00 X 0 0 0 SUMMERS MAX BOARD MEMBER 1.00 X 0 0 0 TATE PHIL BOARD MEMBER 1.00 X 0 0 0 HINDE MARY PRESIDENT/CEO 40.00 X X 76947 0 350 KRUSE LOWELL CHAIR 1.00 X X 0 0 0 DESHON DICK VICE CHAIR 1.00 X X 0 0 0 POLAND MICHAEL TREASURER 1.00 X X 0 0 0 WOODBURY MARK SECRETARY 1.00 X X 0 0 0 76947 0 350 0 0 0 0 GREATER HORIZONS 1055 BROADWAY BLVD SUITE 130 KANSAS CITY MO 64105 INVESTMENT SERVICES 174767 1 3930 234899 859273 59375 1098102 ADMINISTRATIVE FEES 541900 142349 142349 SEMINARS & WORKSHOPS 900099 79 79 142428 371436 371436 1519948 1196594 323354 323354 323354 7390 3930 5678 1712 1712 1937032 837218 0 1712 1167878 1167878 77297 46378 30919 134891 64453 70438 618 351 267 16060 8317 7743 19255 19255 219745 183523 36222 50 50 3601 3601 9991 5466 4525 4435 4391 44 35622 35266 356 11702 2719 8983 7527 7262 265 10962 10852 110 2854 2854 REGIONAL VITALITY INITI 10152 10152 DUES & SUBSCRIPTIONS 3916 2498 1418 1736556 1361553 246334 128669 17597 41118 1219102 1486194 863541 717127 63410 19973 27524 43437 18717377 17884149 102400 76800 2000 2000 20949541 20250825 6666 11955 691614 734464 3490 3630 1733001 1580103 2434771 2330152 X 17440272 16992708 515741 362208 558757 565757 18514770 17920673 20949541 20250825 200476 -768973 -25600 0 X X 0 1 X 1 0 X 603662 960889 607158 1611223 1098102 4881034 603662 960889 607158 1611223 1098102 4881034 1042275 3838759 3367 1505 10430 7680 7390 30372 4911406 1982317 0.78160 0.80210 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS REVENUE FROM FUNDRAISING EVENTS - 2011 AMOUNT: $ 3,367. 2012 AMOUNT: $ 1,505. 2013 AMOUNT: $ 10,430. 2014 AMOUNT: $ 7,680. 2015 AMOUNT: $ 7,390. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 0 1 0 0 0 0 PART II-B, LINE 1: THE ORGANIZATION DRAFTED A BILL THAT WOULD ENCOURAGE FINANCIAL GIFTS FROM INDIVIDUALS, BUSINESSES, FINANCIAL INSTITUTIONS AND OTHERS TO AN ENDOWMENT FUND USED FOR SUSTAINING THE DAILY OPERATIONS OF A MISSOURI COMMUNITY FOUNDATION WHOSE PRIMARY PURPOSE IS THE REVITALIZATION OF THE ECONOMY OF THE GEOGRAPHIC AREA SERVED BY THAT FOUNDATION. 24 117 447579 1562733 723823 1533968 10386309 8984122 1 1 0 1 X 654124 7000 -2272 19600 639252 668341 2266 26744 13000 30227 654124 554474 70287 57680 14100 668341 449409 71053 43012 9000 554474 406046 58236 -973 13900 449409 0.00000 0.88500 0.11500 1 0 56431 14331 42100 6979 5642 1337 43437 EQUITY MUTUAL FUNDS 2200717 F EQUITY POOLED INVESTMENTS 4129367 F FOREIGN EQUITY FUNDS 3258293 F FIXED INCOME BOND MUTUAL FUNDS 1808813 F FOREIGN FIXED INCOME FUNDS 3650 F SHORT TERM FIXED INCOME POOL 1658663 F INTERMEDIATE FIXED INCOME POOL 1642288 F COMMON STOCK 1572772 F FOREIGN COMMON STOCK 145551 F CORPORATE BONDS 420464 F BALANCED MUTUAL FUNDS 46565 F ALTERNATIVE MUTUAL FUNDS 222816 F AMERICAN DEPOSITORY RECEIPTS 533880 F REAL ESTATE INVESTMENT FUNDS 190955 F EXCHANGE TRADED NOTES 17605 F MINERAL RIGHTS 31750 F 17884149 X 1168059 -768973 -768973 1937032 0 1937032 1762156 25600 25600 1736556 0 1736556 PART IV, LINE 2B: THE FOUNDATION ACTS AS AN AGENT OF CERTAIN UNRELATED ORGANIZATIONS. THE TOTAL AMOUNT OF THE FUNDS HELD ON BEHALF OF THESE ORGANIZATIONS HAS BEEN REFLECTED AS A LIABILITY ON THE STATEMENTS OF FINANCIAL POSITION. PART V, LINE 4: THE FOUNDATIONS' ENDOWMENTS CONSIST OF FUNDS ESTABLISHED TO SUPPORT ON-GOING WORK OF THE COMMUNITY. PART X, LINE 2: THE FOUNDATION IS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN DETERMINED TO NOT BE A PRIVATE FOUNDATION. THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A), AND HAS BEEN CLASSIFIED AS A PUBLIC CHARITY. THEREFORE, NO INCOME OR EXCISE TAXES HAVE BEEN PROVIDED FOR IN THE FINANCIAL STATEMENTS. THE FOUNDATION FOLLOWS THE STANDARD FOR EVALUATING UNCERTAIN TAX POSITIONS AND HAS DETERMINED NO LIABILITY SHOULD BE RECORDED FOR UNCERTAIN TAX POSITIONS. 1 BISHOP LEBLOND HIGH SCHOOL 3529 FREDERICK AVE ST JOSEPH MO 64506 440650454 501(C)(3) 25000 TECHNOLOGY AND WEIGHT TRAINING EQUIPMENT BOY SCOUTS OF AMERICA-PONY EXPRESS COUNCIL 1704 BUCKINGHAM ST JOSEPH MO 64506 221576300 501(C)(3) 15000 SHELTER CONSTRUCTION AT CAMP GEIGER BUCHANAN COUNTY AGRI-BUSINESS EXPO CENTER 224 NORTH 7TH STREET ST JOSEPH MO 64501 261352588 501(C)(3) 62500 CAPITAL CAMPAIGN, CONSTRUCTION OF BUILDING COMMUNITY OF CHRIST PO BOX 1059 INDEPENDENCE MO 64051 910947057 501(C)(3) 26000 GENERAL DONATION FIRST PRESBYTERIAN CHURCH 301 N 7TH ST ST JOSEPH MO 64501 440590278 501(C)(3) 5000 GENERAL DONATION, STEWARDSHIP GIVING FRIENDS OF THE FREE CLINIC 904 S 10TH STREET ST JOSEPH MO 64503 800308973 501(C)(3) 8995 X-RAY SENSOR FOR DENTAL CLINIC GEORGE WEST MENTAL HEALTH FOUNDATION 1903 N DRUID HILLS RD NE ATLANTA GA 30319 581489941 501(C)(3) 5000 SOUTHERN SHINDIG EVENT GIRL SCOUTS OF NE KANSAS & NW MISSOURI 8383 BLUE PARKWAY KANSAS CITY MO 64133 430892926 501(C)(3) 25000 SCHOOLS OF FOCUS MODEL GRACELAND UNIVERSITY 1 UNIVERSITY PLAZA LAMONI IA 50140 420707114 501(C)(3) 18344 SCHOLARSHIP HEARTLAND FOUNDATION 518 S 6TH ST ST JOSEPH MO 64501 431262768 501(C)(3) 6436 COMMUNITIES OF EXCELLENCE HOSANNA MINISTRIES INC 17290 US HWY 71 ST JOSEPH MO 64505 300269884 501(C)(3) 5000 PURCHASE OF LARRY PETTY BUILDING HUFFMAN UNITED METHODIST CHURCH 2802 RENICK ST JOSEPH MO 64507 440602351 501(C)(3) 5000 GENERAL DONATION INTERSERV FOUNDATION PO BOX 4038 ST JOSEPH MO 64504 753197631 501(C)(3) 10000 GENERAL DONATION LADIES UNION BENEVOLENT ASSOCIATION 801 N NOYES BLVD ST JOSEPH MO 64506 440563788 501(C)(3) 138000 OPERATING FUNDS LIVING WATER INTERNATIONAL 4001 GREENBRIAR DRIVE STAFFORD TX 77477 760324875 501(C)(3) 5107 GUATEMALA MISSIONS MAKE 12 CHURCH PO BOX 6369 ST JOSEPH MO 64506 264085780 501(C)(3) 12000 GENERAL DONATION MARYVILLE R-II EDUCATIONAL FOUNDATION 1429 S MUNN AVE MARYVILLE MO 64468 208963792 501(C)(3) 5000 LEE SCHNEIDER MEMORIAL MISSOURI WESTERN STATE UNIVERSITY 4525 DOWNS DRIVE ST JOSEPH MO 64507 430830018 501(C)(3) 120000 GENERAL DONATION, CRAIG SCHOOL OF BUSINESS ENTREPRENEURIAL PROGRAM NODAWAY COUNTY ECONOMIC DEVELOPMENT 423 N MARKET ST MARYVILLE MO 64468 431552302 501(C)(3) 18000 PROPERTY PURCHASE NORTHWEST MISSOURI UNITED LABOR COMMUNITY SERVICES AGENCY 1203 N 6TH ST ST JOSEPH MO 64501 431496809 501(C)(3) 5000 ADOPT-A-FAMILY PHI DELTA THETA FOUNDATION 2000 E BROADWAY 168 COLUMBIA MO 65201 430456430 501(C)(3) 5000 MISSOURI ALPHA CHAPTER PHI GAMMA DELTA EDUCATIONAL FOUNDATION 1201 RED MILE RD NE LEXINGTON KY 40504 526036185 501(C)(3) 5000 GENERAL DONATION PONY EXPRESS MUSEUM 914 PENN ST ST JOSEPH MO 64501 431567246 501(C)(3) 10000 GENERAL DONATION SOUTH HARRISON R-II SCHOOL DISTRICT PO BOX 445 BETHANY MO 64424 446005454 501(C)(3) 21801 OPERATING FUNDS ST JOSEPH CATHEDRAL SCHOOL 518 N 11TH STREET ST JOSEPH MO 64501 440547545 501(C)(3) 66900 OUTDOOR CLASSROOM, SECURITY UPGRADES AND EXPANSIONS ST JOSEPH SCHOOL DISTRICT 925 FELIX STREET ST JOSEPH MO 64501 446001495 501(C)(3) 36477 APPLE SEED GRANT, STEM TRAINING, REIMBURSEMENTS ST JOSEPH SCHOOL DISTRICT FOUNDATION 925 FELIX STREET ST JOSEPH MO 64501 431322559 501(C)(3) 40185 OPERATING FUNDS, ATHLETIC BUILDING CAPITAL CAMPAIGN ST JOSEPH YOUTH ALLIANCE 5223 MITCHELL AVE ST JOSEPH MO 64507 431680758 501(C)(3) 5000 CAPITAL CAMPAIGN STATE HISTORICAL SOCIETY OF MISSOURI 1020 LOWRY ST COLUMBIA MO 65201 436035196 501(C)(3) 10000 CENTER FOR MISSOURI STUDIES TRUMAN STATE UNIVERSITY 100 E NORMAL MCCLAIN HALL 103 KIRKSVILLE MO 63501 436005833 501(C)(3) 5000 SCHOLARSHIP UNITED WAY OF GREATER ST JOSEPH 118 SOUTH 5TH STREET ST JOSEPH MO 64501 440547802 501(C)(3) 13500 CAPITAL CAMPAIGN, GENERAL DONATION UNIVERSITY OF MISSOURI-COLUMBIA 11 JESSE HALL COLUMBIA MO 65211 436003859 501(C)(3) 5000 GENERAL DONATION UNIVERSITY OF MISSOURI-KANSAS CITY 5100 ROCK HILL RD KANSAS CITY MO 64110 440546001 501(C)(3) 5000 SCHOLARSHIP UNLIMITED PLAY 4140 OLD MILL PARKWAY ST PETERS MO 63376 134252421 501(C)(3) 6667 ST. JOSEPH MO PARK WYATT PARK BAPTIST CHURCH 2902 N LEONARD RD ST JOSEPH MO 64506 440571342 501(C)(3) 5000 GENERAL DONATION 35 0 PART I, LINE 2: THE COMMUNITY FOUNDATION REVIEWS THE USE OF GRANT FUNDS IN THE UNITED STATES BY REVIEWING INFORMATION OBTAINED FROM THE COUNCIL ON FOUNDATIONS, IRS WEBSITE, PENSION PROTECTION ACT AND GREATER HORIZONS WHO PROVIDES OUR INVESTMENT MANAGEMENT. X 3 59375 FAIR MARKET VALUE 0 0 0 0 PART I, COLUMN (B): NUMBER OF DONORS FORM 990, PART III, LINE 2 THE COMMUNITY FOUNDATION OF NORTHWEST MISSOURI'S PURPOSE IS TO SUPPORT PHILANTHROPY THROUGHOUT THE REGION AND TO HELP INTERESTED DONORS CARRY OUT THEIR DESIRES AND WISHES REGARDING THE SUPPORT OF CREATING A MORE VIBRANT NORTHWEST MISSOURI. TO BETTER GUIDE THIS EFFORT THE FOUNDATION IS SUPPORTIVE OF CREATING THE REGIONAL VITALITY NETWORK DESIGNED TO BUILD UNDERSTANDING OF THE REGION'S CONDITIONS. THE GOAL IS TO CREATE A DIALOGUE DESIGNED TO LEAD TO A REGIONAL PRIORITIZATION OF WHAT WE COULD AND WILL DO TOGETHER. PHILANTHROPIC EFFORTS WILL FOLLOW TO SUPPORT PRIORITIES INTENDED TO ENHANCE THE ECONOMIC VITALITY OF THE 18 NORTHWESTERN MISSOURI COUNTIES. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE HAS AUTHORITY TO ACT AS THE BOARD OF DIRECTORS BETWEEN MEETINGS. THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIRPERSON, VICE CHAIRPERSON, PRESIDENT, SECRETARY, TREASURER OF THE BOARD AND THE CHAIRPERSONS OF THE OTHER STANDING COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11 A COMPLETE 990 IS SENT TO THE ADMINISTRATIVE DIRECTOR WHO WILL REVIEW IT AND COMMUNICATE ANY QUESTIONS OR CONCERNS WITH THE INDEPENDENT ACCOUNTING FIRM THAT PREPARES THE FORM 990. THE COMPLETE FORM WILL THEN BE GIVEN TO THE PRESIDENT/CEO FOR REVIEW WHO WILL THEN PRESENT IT TO OUR CPA/IRS EXPERT ON OUR BOARD FOR REVIEW. HE WILL THEN FORWARD IT TO THE FINANCE COMMITTEE FOR REVIEW AND FINALLY THE BOARD OF DIRECTORS FOR APPROVAL. COPIES GIVEN TO THE FINANCE COMMITTEE AND BOARD OF DIRECTORS FOR REVIEW DO NOT INCLUDE DONOR NAMES OR ADDRESSES IN SCHEDULE B TO PROTECT THE ANONYMITY OF DONORS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS ANNUALLY REVIEWS THE POLICY. ALL DIRECTORS AND OFFICERS SIGN ANNUAL STATEMENTS AFFIRMING THEY RECEIVED A COPY OF THE POLICIES, READ AND UNDERSTANDS THEM, AND AGREES TO COMPLY WITH THE PROCEDURES. NO DIRECTOR SHALL VOTE ON ANY MATTER IN WHICH HE OR SHE HAS A MATERIAL AND DIRECT FINANCIAL INTEREST THAT WILL BE AFFECTED BY THE OUTCOME OF THE VOTE. IN THE EVENT OF SUCH AN ABSTENTION, THE ABSTAINING DIRECTOR SHALL STATE THE REASON FOR THE ABSTENTION, WHICH SHALL BE NOTED IN THE MINUTES OF THE BOARD OF DIRECTORS. IN ADDITION, THE ABSTAINING DIRECTOR SHALL NOT PARTICIPATE IN DISCUSSIONS ABOUT THE MATTER OTHER THAN TO RESPOND TO QUESTIONS FOR INFORMATION THAT MAY BE RELEVANT TO THE DISCUSSION, AND IF NOT NEEDED FOR THAT PURPOSE WILL LEAVE THE VICINITY SO AS NOT TO BE PRESENT DURING THE DISCUSSION. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, AN INTERESTED DIRECTOR OR INTERESTED OFFICER MUST DISCLOSE THE EXISTENCE AND NATURE OF HIS OF HER MATERIAL FINANCIAL INTEREST TO THE BOARD PRIOR TO THE CONSIDERATION OF THE PROPOSED TRANSACTION, CONTRACT, OR ARRANGEMENT BY THE BOARD OR ANY COMMITTEE OF THE BOARD. AFTER DISCLOSURE OF THE FINANCIAL INTEREST, THE DISINTERESTED MEMBERS OF THE BOARD SHALL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. NEITHER THE BOARD NOR ANY COMMITTEE OF THE BOARD SHALL VOTE UPON ANY PROPOSED TRANSACTION, CONTRACT, OR ARRANGEMENT IN CONNECTION WITH WHICH AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST HAS BEEN DISCLOSED BY AN INTERESTED DIRECTOR UNTIL SUCH TIME AS THE BOARD HAS ADDRESSED THE ACTUAL OR POSSIBLE CONFLICT OF INTEREST. WHERE THE BOARD HAS CONCLUDED THAT A CONFLICT OF INTEREST EXISTS, THE CHAIRMAN OF THE BOARD OR COMMITTEE OF THE BOARD SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION, CONTRACT, OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE FOUNDATION CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION, CONTRACT, OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION, CONTRACT, OR OTHER ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION, CONTRACT, OR ARRANGEMENT IS IN THE FOUNDATION'S BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER IT IS FAIR AND REASONABLE TO THE FOUNDATION, AND SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION, CONTRACT, OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. FORM 990, PART VI, SECTION B, LINE 15A PRESIDENT / CEO THE ORGANIZATION RECEIVES AN ANNUAL SALARY REPORT FROM THE COUNCIL ON FOUNDATIONS. A COMPENSATION COMMITTEE REVIEWS THE INFORMATION AND MAKES A RECOMMENDATION TO THE FULL BOARD OF DIRECTORS. THE PROCESS WAS LAST COMPLETED IN DECEMBER 2013, AND RECOMMENDATIONS WERE MADE FOR THE NEXT TWO YEARS. THE PRESIDENT / CEO STEPS OUT OF THE MEETING DURING THE DISCUSSION AND DOES NOT VOTE ON THE MATTER. 15B: NO OTHER EMPLOYEE MEETS THE IRS DEFINITION OF OFFICER OR KEY EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION DOES NOT HAVE A POLICY OF MAKING ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE FROM THE PRIOR YEAR.