BASIC FUND: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization: BASIC FUND (EIN 94-3290699)
Tax period: 2014-07-01 to 2015-06-30
Filed: 2016-05-16
IRS object ID: 201611379349310546
Schema version: 2014v6.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule G
Schedule I
Schedule M
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2016-05-16T18:12:17-05:00	ReturnTs
Tax Period End	2015-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	KPMG LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	55 Second Street 1400	AddressLine1Txt
City	San Francisco	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	94105	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2014-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	943290699	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	The Basic Fund	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
In Care Of	% RACHEL ELGINSMITH	InCareOfNm
Business Name Control	BASI	BusinessNameControlTxt
Phone	4159865650	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	475 14TH STREET SUITE 520	AddressLine1Txt
City	OAKLAND	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	94612	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JEREMY PETERS	PersonNm
Person Title	TREASURER	PersonTitleTxt
Phone	4083675764	PhoneNum
Signature	2016-05-16	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	VALERIE J BALL	PreparerPersonNm
PTIN	P01856487	PTIN
Phone	4159635100	PhoneNum
Preparation	2016-05-16	PreparationDt

Field	Value	IRS element (for citing)
Tax	2014	TaxYr
Build TS	2016-08-17 19:52:53Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Address Change	Yes (X)	AddressChangeInd
Principal Officer	John Kerrigan	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	475 14TH STREET SUITE 520	AddressLine1Txt
City	OAKLAND	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	94612	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$16,725,501	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	www.basicfund.org	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1997	FormationYr
Legal Domicile State	CA	LegalDomicileStateCd
Activity Or Mission	To Broaden the educational opportunities for inner city children by helping low-income families afford tuition at private schools.	ActivityOrMissionDesc
Voting Members Governing Body	29	VotingMembersGoverningBodyCnt
Voting Members Independent	29	VotingMembersIndependentCnt
Total Employee	12	TotalEmployeeCnt
Total Volunteers	30	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
PY Contributions Grants	$5,529,713	PYContributionsGrantsAmt
CY Contributions Grants	$5,760,777	CYContributionsGrantsAmt
PY Program Service Revenue	$0	PYProgramServiceRevenueAmt
CY Program Service Revenue	$0	CYProgramServiceRevenueAmt
PY Investment Income	$50,439	PYInvestmentIncomeAmt
CY Investment Income	$104,885	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$5,580,152	PYTotalRevenueAmt
CY Total Revenue	$5,865,662	CYTotalRevenueAmt
PY Grants And Similar Paid	$6,014,443	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$5,332,047	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$541,165	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$715,159	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$12,000	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$40,018	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$371,989	CYTotalFundraisingExpenseAmt
PY Other Expenses	$243,640	PYOtherExpensesAmt
CY Other Expenses	$239,172	CYOtherExpensesAmt
PY Total Expenses	$6,811,248	PYTotalExpensesAmt
CY Total Expenses	$6,326,396	CYTotalExpensesAmt
PY Revenues Less Expenses	-$1,231,096	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$460,734	CYRevenuesLessExpensesAmt
Total Assets BOY	$18,474,722	TotalAssetsBOYAmt
Total Assets EOY	$18,011,685	TotalAssetsEOYAmt
Total Liabilities BOY	$8,780	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$19,431	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$18,465,942	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$17,992,254	NetAssetsOrFundBalancesEOYAmt
Mission	THE BASIC FUND (BAY AREA SCHOLARSHIPS FOR INNER CITY CHILDREN) IS A PRIVATELY FUNDED PROGRAM WHOSE MISSION IS TO BROADEN THE EDUCATIONAL OPPORTUNITIES FOR INNER CITY CHILDREN BY HELPING LOW-INCOME FAMILIES AFFORD THE COST OF TUITION AT PRIVATE SCHOOLS IN THE BAY AREA.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$5,886,151	ExpenseAmt
Grant	$5,332,047	GrantAmt
Desc	WE HAVE OFFERED A NEW PROGRAM EACH YEAR SINCE 1998 WHEN WE OFFERED 355 NEW SCHOLARSHIPS. THE 2014 PROGRAM ADDED NEARLY 750 NEW STUDENTS. FOR THE 2014-2015 SCHOOL YEAR, WE ARE SUPPORTING OVER 3,600 LOW-INCOME STUDENTS AT 275 DIFFERENT SCHOOLS IN THE BAY AREA.	Desc
Total Program Service Expenses	$5,886,151	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	Yes (true)	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	false	LobbyingActivitiesInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	false	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Temp Or Permanent Endowments	false	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	false	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	false	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (true)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (true)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	ConsolidatedAuditFinclStmtInd
School Operating	false	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	false	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	Yes (true)	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	false	GrantsToOrganizationsInd
Grants To Individuals	Yes (true)	GrantsToIndividualsInd
Schedule J Required	false	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	false	PYExcessBenefitTransInd
Loan Outstanding	false	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	false	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	Yes (true)	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	false	DisregardedEntityInd
Related Entity	false	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	false	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	8	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	12	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Quid Pro Quo Contributions	false	QuidProQuoContributionsInd
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	29	GoverningBodyVotingMembersCnt
Independent Voting Member	29	IndependentVotingMemberCnt
Family Or Business Rln	Yes (true)	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	false	MembersOrStockholdersInd
Election Of Board Members	false	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (true)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	false	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	false	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	CA	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	RACHEL ELGINSMITH	PersonNm
Phone	4159865650	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1301 CLAY ST 70450	AddressLine1Txt
City	OAKLAND	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	94612	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (30 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt
JOHN E KERRIGAN JR
CHAIRMAN	2.0	0.0	Yes (X)	Yes (X)	$0	$0	$0
J WILLIAM MORRIS III
PRESIDENT	4.0	0.0	Yes (X)	Yes (X)	$0	$0	$0
STEVEN S KLEIN
VICE PRESIDENT	5.0	0.0	Yes (X)	Yes (X)	$0	$0	$0
JUNE G MCCARTHY
VICE PRESIDENT	1.0	0.0	Yes (X)	Yes (X)	$0	$0	$0
RICHARD BARKER
DIRECTOR	1.0	0.0	Yes (X)		$0	$0	$0
ROBERT BARRETT
DIRECTOR	1.0	0.0	Yes (X)		$0	$0	$0
RICHARD BERTERO
DIRECTOR	1.0	0.0	Yes (X)		$0	$0	$0
CABOT BROWN
DIRECTOR	1.0	0.0	Yes (X)		$0	$0	$0
JAMES CONN
DIRECTOR	1.0	0.0	Yes (X)		$0	$0	$0
JOHN COUCH
DIRECTOR	1.0	0.0	Yes (X)		$0	$0	$0
KENNETH DERR
DIRECTOR	1.0	0.0	Yes (X)		$0	$0	$0
R STEPHEN DOYLE
DIRECTOR	1.0	0.0	Yes (X)		$0	$0	$0
JEFFREY EDWARDS
DIRECTOR	1.0	0.0	Yes (X)		$0	$0	$0
BYRON GILL
DIRECTOR	1.0	0.0	Yes (X)		$0	$0	$0
JAMES HERBERT
DIRECTOR	1.0	0.0	Yes (X)		$0	$0	$0
RUPERT JOHNSON JR
DIRECTOR	1.0	0.0	Yes (X)		$0	$0	$0
JACQUELYN KUNG
DIRECTOR	1.0	0.0	Yes (X)		$0	$0	$0
JAMES A MCCARTHY
DIRECTOR	1.0	0.0	Yes (X)		$0	$0	$0
EDWARD MCDERMOTT
DIRECTOR	1.0	0.0	Yes (X)		$0	$0	$0
STEPHEN MILLHAM
DIRECTOR	1.0	0.0	Yes (X)		$0	$0	$0
PAUL MORTON
DIRECTOR	1.0	0.0	Yes (X)		$0	$0	$0
TIMOTHY RANZETTA
DIRECTOR	1.0	0.0	Yes (X)		$0	$0	$0
WILLIAM RING
DIRECTOR	1.0	0.0	Yes (X)		$0	$0	$0
ERIC SCHWARTZ
DIRECTOR	1.0	0.0	Yes (X)		$0	$0	$0
WARREN E SPIEKER JR
DIRECTOR	1.0	0.0	Yes (X)		$0	$0	$0
DAN SIVOLELLA
DIRECTOR	1.0	0.0	Yes (X)		$0	$0	$0
MICHAEL WILSEY
DIRECTOR	1.0	0.0	Yes (X)		$0	$0	$0
Jeremy Peters
TREASURER	1.0	0.0	Yes (X)	Yes (X)	$0	$0	$0
SHIRLEY BUCCIERI
SECRETARY	1.0	0.0	Yes (X)	Yes (X)	$0	$0	$0
RACHEL ELGINSMITH
EXECUTIVE DIRECTOR	50.0	0.0		Yes (X)	$119,010	$0	$0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$119,010	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$0	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	1	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	false	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Field	Value	IRS element (for citing)
Person	NONE	PersonNm

Field	Value	IRS element (for citing)
Contractor Address		ContractorAddress

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt
All Other Contributions	$5,760,777	AllOtherContributionsAmt
Noncash Contributions	$609,836	NoncashContributionsAmt
Total Contributions	$5,760,777	TotalContributionsAmt
Total Program Service Revenue	$0	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$79,666	TotalRevenueColumnAmt
Exclusion	$79,666	ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$0	RealAmt
Personal	$0	PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$10,885,058	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$10,859,839	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$25,219	SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$25,219	TotalRevenueColumnAmt
Exclusion	$25,219	ExclusionAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Net Income From Gaming NetIncomeFromGamingGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Net Income Or Loss NetIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$0	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$5,865,662	TotalRevenueColumnAmt
Exclusion	$104,885	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$5,332,047	TotalAmt
Program Services	$5,332,047	ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$125,297	TotalAmt
Program Services	$41,766	ProgramServicesAmt
Management And General	$41,766	ManagementAndGeneralAmt
Fundraising	$41,765	FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$509,861	TotalAmt
Program Services	$291,892	ProgramServicesAmt
Fundraising	$217,969	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$29,782	TotalAmt
Program Services	$19,954	ProgramServicesAmt
Management And General	$1,191	ManagementAndGeneralAmt
Fundraising	$8,637	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$50,219	TotalAmt
Program Services	$26,114	ProgramServicesAmt
Management And General	$3,515	ManagementAndGeneralAmt
Fundraising	$20,590	FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$2,120	TotalAmt
Program Services	$2,120	ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$26,000	TotalAmt
Program Services	$26,000	ProgramServicesAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	$40,018	TotalAmt
Fundraising	$40,018	FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$2,780	TotalAmt
Program Services	$1,863	ProgramServicesAmt
Management And General	$111	ManagementAndGeneralAmt
Fundraising	$806	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$14,701	TotalAmt
Program Services	$9,850	ProgramServicesAmt
Management And General	$588	ManagementAndGeneralAmt
Fundraising	$4,263	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$19,906	TotalAmt
Program Services	$13,337	ProgramServicesAmt
Management And General	$796	ManagementAndGeneralAmt
Fundraising	$5,773	FundraisingAmt

Royalties RoyaltiesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$84,253	TotalAmt
Program Services	$56,450	ProgramServicesAmt
Management And General	$3,370	ManagementAndGeneralAmt
Fundraising	$24,433	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$6,035	TotalAmt
Program Services	$4,044	ProgramServicesAmt
Management And General	$241	ManagementAndGeneralAmt
Fundraising	$1,750	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$14,125	TotalAmt
Program Services	$9,464	ProgramServicesAmt
Management And General	$565	ManagementAndGeneralAmt
Fundraising	$4,096	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$22,367	TotalAmt
Program Services	$4,365	ProgramServicesAmt
Management And General	$16,113	ManagementAndGeneralAmt
Fundraising	$1,889	FundraisingAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt
MISCELLANEOUS	$367	$367
BOARD EXPENSE	$1,263	$1,263
PROGRAM COSTS	$45,255	$45,255

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$6,326,396	TotalAmt
Program Services	$5,886,151	ProgramServicesAmt
Management And General	$68,256	ManagementAndGeneralAmt
Fundraising	$371,989	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$15,148	BOYAmt
EOY	$65,156	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$3,329,950	BOYAmt
EOY	$2,741,321	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$2,217,261	BOYAmt
EOY	$2,406,597	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$8,925	BOYAmt
EOY	$28,065	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$82,373	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$45,102	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$27,813	BOYAmt
EOY	$37,271	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$12,865,305	BOYAmt
EOY	$12,716,270	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$10,320	BOYAmt
EOY	$17,005	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$18,474,722	BOYAmt
EOY	$18,011,685	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$8,780	BOYAmt
EOY	$19,431	EOYAmt

Grants Payable GrantsPayableGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$8,780	BOYAmt
EOY	$19,431	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow SFAS117	Yes (X)	OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$18,465,942	BOYAmt
EOY	$17,992,254	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$18,474,722	BOYAmt
EOY	$18,011,685	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	-$460,734	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$12,954	NetUnrlzdGainsLossesInvstAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	false	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$7,101,594	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$6,524,664	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$11,844,874	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$5,529,713	CurrentTaxYearMinus1YearAmt
Current Tax Year	$5,760,777	CurrentTaxYearAmt
Total	$36,761,622	TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$7,101,594	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$6,524,664	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$11,844,874	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$5,529,713	CurrentTaxYearMinus1YearAmt
Current Tax Year	$5,760,777	CurrentTaxYearAmt
Total	$36,761,622	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$13,184,610	SubstantialContributorsTotAmt
Public Support Total170	$23,577,012	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$52,977	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$43,580	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$45,413	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$50,435	CurrentTaxYearMinus1YearAmt
Current Tax Year	$82,670	CurrentTaxYearAmt
Total	$275,075	TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$37,036,697	TotalSupportAmt
Public Support CY170	0.63658	PublicSupportCY170Pct
Public Support PY170	0.61320	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Art Public Exhibition Amounts		ArtPublicExhibitionAmountsGrp
Held Works Art		HeldWorksArtGrp
CY Minus3 Yr Endwmt Fund		CYMinus3YrEndwmtFundGrp
CY Minus4 Yr Endwmt Fund		CYMinus4YrEndwmtFundGrp
Land		LandGrp
Buildings		BuildingsGrp
Leasehold Improvements		LeaseholdImprovementsGrp

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$82,373	OtherCostOrOtherBasisAmt
Depreciation	$45,102	DepreciationAmt
Book Value	$37,271	BookValueAmt

Field	Value	IRS element (for citing)
Other Land Buildings		OtherLandBuildingsGrp
Total Book Value Land Buildings	$37,271	TotalBookValueLandBuildingsAmt
Federal Income Tax Liability	$0	FederalIncomeTaxLiabilityAmt
Total Liability	$0	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$5,852,708	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	-$12,954	NetUnrealizedGainsInvstAmt
Revenue Not Reported	-$12,954	RevenueNotReportedAmt
Revenue Subtotal	$5,865,662	RevenueSubtotalAmt
Total Revenue Per Form990	$5,865,662	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$6,326,396	TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal	$6,326,396	ExpensesSubtotalAmt
Total Expenses Per Form990	$6,326,396	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	ASC 740	FormAndLineReferenceDesc
Explanation	THE FUND FOLLOWS THE GUIDANCE OF THE FINANCIAL ACCOUNTING STANDARDS BOARD(FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740 FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT EVALUATED THE FUND'S TAX POSITIONS AND CONCLUDED THAT THE FUND HAD MAINTAINED ITS TAX EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE ADJUSTMENTS TO THE STATEMENT OF FINANCIAL POSITION TO COMPLY THE PROVISIONS OF THIS GUIDANCE.	ExplanationTxt

Schedule G IRS990ScheduleG

Field	Value	IRS element (for citing)
Agrmt Prof Fundraising Acty	Yes (true)	AgrmtProfFundraisingActyInd

Fundraiser Activity Info FundraiserActivityInfoGrp

Field	Value	IRS element (for citing)
Person	Nora Sterrin Gooch	PersonNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	10 buttercup lane	AddressLine1Txt
City	san carlos	CityNm
State Abbreviation	CA	StateAbbreviationCd
ZIP	94070	ZIPCd

Field	Value	IRS element (for citing)
Activity	fundraising strategy	ActivityTxt
Fundraiser Control Of Funds	false	FundraiserControlOfFundsInd
Gross Receipts	$0	GrossReceiptsAmt
Retained By Contractor	$21,000	RetainedByContractorAmt
Net To Organization	$0	NetToOrganizationAmt

Field	Value	IRS element (for citing)
Total Gross Receipts	$0	TotalGrossReceiptsAmt
Total Retained By Contractors	$21,000	TotalRetainedByContractorsAmt
Total Net To Organization	$0	TotalNetToOrganizationAmt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (true)	GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

Field	Value	IRS element (for citing)
Grant Type	Scholarships	GrantTypeTxt
Recipient	3642	RecipientCnt
Cash Grant	$5,332,047	CashGrantAmt
Non Cash Assistance	$0	NonCashAssistanceAmt
Valuation Method Used	n/a	ValuationMethodUsedDesc
Non Cash Assistance	n/a	NonCashAssistanceDesc

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule I, part I, line 2	FormAndLineReferenceDesc
Explanation	THE BASIC FUND MAKES GRANTS FOR SCHOLARSHIPS FOR STUDENTS TO ATTEND PRIVATE INSTITUTIONS. THE FUND AWARDS THESE SCHOLARSHIPS TO FAMILIES WHO QUALIFY FOR ASSISTANCE BASED ON GUIDELINES SET FOR THE FREE OR REDUCED PRICE FEDERAL LUNCH PROGRAM. THE STUDENT SUBMITS AN APPLICATION AND THE FINANCIAL DOCUMENTATION FROM A GOVERNMENTAL AGENCY. THE STUDENT MUST MEET THE ACADEMIC AND ADMISSIONS REQUIREMENTS OF THEIR CHOSEN SCHOOL. APPLICANTS ARE AWARDED SCHOLARSHIPS BASED ON FINANCIAL NEED. ONCE AN APPLICANT HAS BEEN AWARDED A SCHOLARSHIP THE SCHOOL VERIFIES TO THE BASIC FUND THAT THE STUDENT HAS BEEN ACCEPTED AND IS ATTENDING THE INSTITUTION. SCHOLARSHIP CHECKS ARE THEN SENT DIRECTLY TO THE SCHOOLS. THE INSTITUTIONS ARE ALL SCHOOLS KNOWN TO THE BASIC FUND AND WE GENERALLY HAVE NUMEROUS SCHOLARSHIP ATTENDEES AT EACH OF THESE INNER CITY SCHOOLS. WE VISIT ANY SCHOOLS THAT ARE NEW TO OUR ORGANIZATION, AND WE REGULARLY VISIT SCHOOLS WITH THE HIGHEST CONCENTRATION OF STUDENTS. WE ENDEAVOR TO VISIT EACH OF THE SMALLER SCHOOLS REGULARLY BUT DO NOT HAVE A FORMAL PROCEDURE IN THIS REGARD.	ExplanationTxt

Schedule M IRS990ScheduleM

Field	Value	IRS element (for citing)
Works Of Art		WorksOfArtGrp
Art Historical Treasures		ArtHistoricalTreasuresGrp
Art Fractional Interest		ArtFractionalInterestGrp
Books And Publications		BooksAndPublicationsGrp
Clothing And Household Goods		ClothingAndHouseholdGoodsGrp
Cars And Other Vehicles		CarsAndOtherVehiclesGrp
Boats And Planes		BoatsAndPlanesGrp
Intellectual Property		IntellectualPropertyGrp

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	12100	ContributionCnt
Noncash Contributions Rpt F990	$609,836	NoncashContributionsRptF990Amt
Method Of Determining Revenues	AVERAGE MARKET	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Securities Closely Held Stock		SecuritiesCloselyHeldStockGrp
Secur Prtnrshp Trust Intrsts		SecurPrtnrshpTrustIntrstsGrp
Securities Miscellaneous		SecuritiesMiscellaneousGrp
Qualified Contrib Hist Struct		QualifiedContribHistStructGrp
Qualified Contrib Other		QualifiedContribOtherGrp
Real Estate Residential		RealEstateResidentialGrp
Real Estate Commercial		RealEstateCommercialGrp
Real Estate Other		RealEstateOtherGrp
Collectibles		CollectiblesGrp
Food Inventory		FoodInventoryGrp
Drugs And Medical Supplies		DrugsAndMedicalSuppliesGrp
Taxidermy		TaxidermyGrp
Historical Artifacts		HistoricalArtifactsGrp
Scientific Specimens		ScientificSpecimensGrp
Archaeological Artifacts		ArchaeologicalArtifactsGrp
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	false	ReviewProcessUnusualNCGiftsInd
Third Parties Used	false	ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	NUMBER OF CONTRIBUTIONS	FormAndLineReferenceDesc
Explanation	THE NUMBER OF CONTRIBUTIONS WAS DETERMINED BASED ON THE NUMBER OF shares RECEIVED.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART VI, SECTION A, LINE 2	June McCarthy and James McCarthy have a family relationship. PART VI, SECTION B, LINE 11B THE PRESIDENT, MR. J. WILLIAM MORRIS III, WILL REVIEW IN DETAIL THE FORM 990 AND WILL PROVIDE A COMPLETE COPY OF THE FORM 990 TO THE BOARD PRIOR TO FILING THE RETURN WITH THE INTERNAL REVENUE SERVICE. THE AUDIT COMMITTEE WILL REVIEW THE FORM 990 SUBSEQUENT TO FILING FORM 990 WITH THE INTERNAL REVENUE SERVICE.
PART VI, SECTION B, LINE 12C	PRESIDENT MR. J. William Morris III and Executive Director Rachel Elginsmith regularly monitor the activities of the organization and its board to ensure there is no conflict of interest. It is mandated by policy, that all directors and officers must notify the board of potential conflicts on a no less than annual basis. Our Conflicts of Interest Policy (the "Policy") covers all Directors, Officers, and members of board committees with board delegated powers, and family members of such persons. In connection with any actual or potential conflict of interest, any person covered under the policy must annually disclose the existence of his or her financial interest and all material facts to the director(s) and officer(s) delegated by the board, currently the Executive Director and Treasurer, to consider the transaction or arrangement. Should the potential conflict warrant review by the board, the designated officer(s) alert the Chairman and other board committee chairs, to consider the transaction and determine whether there is a potential conflict. An investigation and special meeting may be called to aid in the determination, if necessary. A conflict must not exist within the organization at any time. If it is determined that a transaction will result in a conflict of interest the board must take steps to ensure that the conflict of interest does not arise. Should an already existing conflict of interest be brought to the attention of the board, necessary steps to eliminate the conflict must be taken. If there is reasonable cause to believe that an individual has failed to disclose a potential conflict, the board shall take appropriate disciplinary and corrective action. In the case of a transaction that could be characterized as an excess benefit to a Director or voting officer, special procedures ("Sanctions") are undertaken prior to such a transaction. These Sanctions include board approval of such transaction, and investigations and data gathering is to happen prior to such a vote. The vote occurs without the participation of the Director or Officer in question, or their family members. Any approved transactions are duly recorded. recorded.
PART VI, SECTION B, LINE 15	In 2009, the board made up of independent members approved the use of a search company to fill the newly created Executive Director role. The search firm provided comparable compensation data for similarly qualified persons in functionally comparable positions at similarly situated organizations. the salary range determined for the Executive Director position and the deliberations and decsion were documented contemporaneously. The documentation included the list of the members present at the time, how the members voted and a description of the comparable data relied upon by the board and how it was obtained, etc. as required by the intermediate sanctions regulations. THE BOARD HAS DETERMINED THAT THE RELEVANT MARKET CONDITIONS HAVE NOT CHANGED MATERIALLY, AND IT POSSESSES NO OTHER INFORMATION INDICATING THAT THE RESULTS OF THE PRIOR YEAR'S COMPARABILITY DATA ARE NO LONGER VALID. THUS, OTHER THAN A SMALL COST OF LIVING INCREASE, THERE HAS BEEN NO SUBDEQUENT CHANGE IN THE EXECUTIVE DIRECTOR'S COMPENSATION PACKAGE. THE ORGANIZATION DOES NOT HAVE ANY OTHER COMPENSATED OFFICERS OR KEY EMPLOYEES.
PART VI, SECTION C, LINE 19	Federal Tax laws do not mandate that the organization's governing documents, conflict of interest policy and financial statements be made available for public inspection. The organization makes its financial statements available on its website and upon request.