2015-11-16T09:09:42-06:00 2014-12-31 410746749 CLIFTONLARSONALLEN LLP ONE SEAGATE SUITE 2650 TOLEDO OH 436041558 990 2014-01-01 341713261 THE FINDLAY-HANCOCK COUNTY COMMUNITY FOUNDATION FIND 4194251100 101 W SANDUSKY STREET NO 207 FINDLAY OH 45840 KAREN SMITH CHIEF FINANCIAL OFFICER 4194251100 2015-11-12 1 RODERICK J MACLACHLAN P00332503 4192443711 2014 2016-02-25 16:41:14Z KATHERINE KREUCHAUF 101 W SANDUSKY STREET NO 207 FINDLAY OH 45840 18908804 0 X WWW.COMMUNITY-FOUNDATION.COM X 1988 OH THE FINDLAY-HANCOCK COUNTY COMMUNITY FOUNDATION WILL IMPROVE THE QUALITY OF LIFE IN HANCOCK COUNTY THROUGH COLLABORATIVE LEADERSHIP, RESPONSIBLE GRANTMAKING, AND THE DEVELOPMENT OF PHILANTHROPIC GIVING. 9 9 13 191 0 0 3689380 1837904 2500 4000 5750405 3544349 54989 56850 9497274 5443103 2661478 1821753 0 0 628827 701264 0 0 407492 810364 693162 4100669 3216179 5396605 2226924 75624226 77581240 12474114 8389495 63150112 69191745 THE FINDLAY-HANCOCK COUNTY COMMUNITY FOUNDATION WILL IMPROVE THE QUALITY OF LIFE IN HANCOCK COUNTY THROUGH COLLABORATIVE LEADERSHIP, RESPONSIBLE GRANTMAKING, AND THE DEVELOPMENT OF PHILANTHROPIC GIVING. 0 0 1940516 1386150 4000 GRANTMAKING ORGANIZATION:AS A COMMUNITY FOUNDATION FOR THE ENTIRE COUNTY, THE ORGANIZATION FUNDS A WIDE RANGE OF INITIATIVES AND PROJECTS. USING THE ORGANIZATION'S UNRESTRICTED FUNDS, THE ORGANIZATION IS ABLE TO RESPOND TO PROPOSALS SUBMITTED BY NONPROFIT ORGANIZATIONS IN THE COUNTY. THE ORGANIZATION ALSO MAKES INVESTMENTS IN LONG-TERM INITIATIVES THAT IMPROVE THE QUALITY OF LIFE IN THE COMMUNITY. MANY OF THE ORGANIZATION'S GRANTS ARE DETERMINED BY THE CHARITABLE INTERESTS OF THE ORGANIZATION'S DONORS. 46% OF THE GRANT DOLLARS AWARDED BY THE ORGANIZATION IN 2014 WERE FROM DESIGNATED, AGENCY, OR DONOR ADVISED FUNDS, MEANING DONORS OR ORGANIZATIONS DESIGNATE OR RECOMMEND THE NONPROFIT ORGANIZATIONS TO WHICH THE FUNDS ARE DISTRIBUTED. 299183 299183 0 THE FAMILY CENTER BUILDING:THE ORGANIZATION HAS A SUPPORTING ORGANIZATION THAT OPERATES A MULTI-TENANT NONPROFIT CENTER. THE BUILDING PROVIDES OFFICE AND MEETING SPACES FOR 14 NONPROFIT TENANTS AT BELOW MARKET RATES RESULTING IN LOWER ADMINISTRATIVE COSTS FOR THE TENANTS AND MORE RESOURCES TO PROVIDE SERVICES TO THEIR CLIENTS. THE ORGANIZATION HAS ASSUMED RESPONSIBILITY FOR THE MORTGAGE ON THE REAL ESTATE. IN 2014, THE ORGANIZATION PAID INTEREST OF $57,040 AND PRINCIPAL PAYMENTS OF $215,204 ON THE MORTGAGE. 136420 136420 0 ORTON HEART & SOUL:THE VILLAGE OF MCCOMB WAS AWARDED A TWO-YEAR GRANT TOTALING $136,420 TO PARTICIPATE IN THE ORTON FAMILY FOUNDATION HEART & SOUL PROCESS. MCCOMB WAS CHOSEN THROUGH A COMPETITIVE APPLICATION PROCESS OPEN TO ALL HANCOCK COUNTY TOWNS AND VILLAGES. COMMUNITY HEART & SOUL IS DESIGNED TO INCREASE PARTICIPATION IN LOCAL DECISION-MAKING AND EMPOWER RESIDENTS TO SHAPE THE FUTURE OF THEIR COMMUNITIES IN A WAY THAT UPHOLDS THE UNIQUE CHARACTER OF EACH PLACE. 2376119 1 1 0 0 0 1 0 0 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 24 0 1 13 1 0 1 CJ 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 OH X X X KATHERINE KREUCHAUF 4194251100 101 W SANDUSKY STREET SUITE 207 FINDLAY OH 45840 MICHAEL S NEEDLER CHAIRPERSON 1.00 0.00 X X 0 0 0 SHERRI GARNER BRUMBAUGH SECRETARY 1.00 0.00 X X 0 0 0 GARRY L PEIFFER TREASURER 2.00 0.00 X X 0 0 0 PATRICIA J BROWN TRUSTEE 1.00 0.00 X 0 0 0 GWEN KUENZLI TRUSTEE 3.00 0.00 X 0 0 0 J ALEC REINHARDT TRUSTEE 2.00 0.00 X 0 0 0 GENE STEVENS TRUSTEE 1.00 0.00 X 0 0 0 J MICHAEL WILDER TRUSTEE 0.50 0.00 X 0 0 0 GARY WILSON TRUSTEE 1.00 0.00 X 0 0 0 KATHERINE KREUCHAUF PRESIDENT 36.00 4.00 X 126029 0 18099 KAREN SMITH CHIEF FINANCIAL OFFICER 39.00 1.00 X 87596 0 15737 213625 0 33836 1 0 0 0 0 1837904 315297 1837904 CAPACITY BUILDING 561000 4000 4000 4000 2091881 2091881 14918169 13465701 1452468 1452468 1452468 ADMINISTRATIVE FEES 541200 56850 56850 56850 5443103 4000 0 3601199 1821753 1821753 247461 101977 113531 31953 365006 177300 31050 156656 19909 9078 4700 6131 25846 11785 6102 7959 43042 19626 10161 13255 4995 2278 1179 1538 27939 27939 184961 184961 12284 5601 2900 3783 92298 10815 81483 37649 17167 8888 11594 26116 11909 6165 8042 41376 18867 9767 12742 1670 762 394 514 2662 1214 628 820 57040 57040 10953 4994 2586 3373 62958 4079 58879 PROGRAMS & INITIATIVES 101781 101781 STAFF DEVELOPMENT 15293 6974 3610 4709 MEMBERSHIPS & DUES 13187 6013 3113 4061 3216179 2376119 432568 407492 766704 872178 839547 506012 65546 63029 5077 5106 104887 74200 41650 30687 49109636 48262931 24696305 27741536 99761 99761 75624226 77581240 19598 12222 836464 736836 3050411 2835207 8567641 4805230 12474114 8389495 X 61077170 67181281 647507 578622 1425435 1431842 63150112 69191745 75624226 77581240 X 2226924 -165459 417 3979752 X X 0 1 X 1 0 X 2701228 1397704 3145824 1689380 1837904 10772040 2701228 1397704 3145824 1689380 1837904 10772040 3083129 7688911 2054896 2746926 2255180 2281889 2097881 11436772 39202 60199 42174 57489 60850 259914 22468726 0.34220 0.30760 X OTHER INCOME PART II, LINE 10 DESCRIPTION: ADMINISTRATIVE FEES 2010: 39,202 2011: 56,499 2012: 38,674 2013: 54,989 2014: 56,850 DESCRIPTION: PROGRAM SERVICE REVENUE 2010: 0 2011: 3,700 2012: 3,500 2013: 2,500 2014: 4,000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28 688661 286098 5993952 1 1 66035482 1406715 3509628 1741760 2693655 71903720 58982036 2565574 9805166 2122246 3195048 66035482 51477761 2781746 7256660 1379099 1155032 58982036 55197000 1190260 -2508568 1700376 700555 51477761 50581464 2281635 6961443 1568751 3058791 55197000 0.05900 0.93680 0.00420 0 0 7692 5431 2261 97195 68769 28426 30687 PRIVATE EQUITY FUNDS 8544176 F COMMON TRUST FUNDS 11708340 F EXCHANGE TRADED FUNDS 5887786 F EXCHANGE TRADED NOTES 1122445 F LIMITED PARTNERSHIPS 478789 F 27741536 ANNUITY PAYABLE 96766 REMAINDER TRUST PAYABLE 48860 FUNDS HELD FOR AGENCIES 4659604 4805230 X PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ADDITION, THE ORGANIZATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). THE FEDERAL TAX RETURNS OF THE ORGANIZATION FOR 2011 THROUGH 2014 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, WHICH IS GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. THE ORGANIZATION DETERMINED THAT IT WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS N/A 6996592 0 0 0 0 0 0 6996592 0 6996592 0 0 0 1 0 0 PART I, LINE 2: THE ORGANIZATION DOES NOT AWARD GRANTS OUTSIDE THE UNITED STATES. 1 ARTS PARTNERSHIP 618 S MAIN STREET FINDLAY OH 45840 341278627 501(C)(3) 24358 N/A N/A SUPPORT BLANCHARD VALLEY CENTER 1700 E SANDUSKY STREET FINDLAY OH 45840 346400608 501(C)(3) 21967 N/A N/A RESIDENCE BLANCHARD VALLEY HEALTH 1900 S MAIN STREET FINDLAY OH 45840 341370522 501(C)(3) 69547 N/A N/A SUPPORT BLUFFTON LION'S FOUNDATION PO BOX 223 BLUFFTON OH 45817 264736758 501(C)(3) 61600 N/A N/A SUPPORT CAMP FIRE NORTHWEST OHIO 305 W HARDIN STREET FINDLAY OH 45840 344433241 501(C)(3) 6900 N/A N/A SUPPORT CANCER PATIENT SERVICES 1800 N BLANCHARD STREET FINDLAY OH 45840 344491513 501(C)(3) 15250 N/A N/A SUPPORT CHILDREN'S MENTORING 305 E LINCOLN STREET FINDLAY OH 45840 341151270 501(C)(3) 83752 N/A N/A MENTORING CHRISTIAN CLEARING HOUSE 1800 N BLANCHARD STREET FINDLAY OH 45840 371756789 501(C)(3) 6056 N/A N/A SUPPORT CITY OF FINDLAY FIRE DEPARTMENT 720 S MAIN STREET FINDLAY OH 45840 346400448 170(C)(1) 9500 N/A N/A SUPPORT FINDLAY CHAMBER FOUNDATION 123 E MAIN STREET FINDLAY OH 45840 341170594 501(C)(3) 5000 N/A N/A MAIN STREET FINDLAY CITY SCHOOLS 1219 W MAIN CROSS STREET FINDLAY OH 45840 346400447 170(C)(1) 90314 N/A N/A CURRICULUM FINDLAY DIGITAL ACADEMY 1219 W MAIN CROSS STREET FINDLAY OH 45840 200753962 170(C)(1) 7500 N/A N/A MENTORING FINDLAY YOUTH FOR CHRIST 10111 RT 224 W FINDLAY OH 45840 341033475 501(C)(3) 5850 N/A N/A SUPPORT FINDLAY-HANCOCK LIBRARY 206 BROADWAY FINDLAY OH 45840 346400446 170(C)(1) 88565 N/A N/A COMMUNITY READING FIRST LUTHERAN CHURCH 109 E LINCOLN STREET FINDLAY OH 45840 344430714 501(C)(3) 9330 N/A N/A SUPPORT FIRST PRESBYTERIAN CHURCH 2330 S MAIN STREET FINDLAY OH 45840 344427937 501(C)(3) 7551 N/A N/A SUPPORT GLIDING STARS OF FINDLAY PO BOX 1561 FINDLAY OH 45840 161467439 501(C)(3) 45000 N/A N/A PART TIME DIRECTOR HANCOCK COUNTY ADAMHS BOARD 438 CARNAHAN AVENUE FINDLAY OH 45840 346400608 501(C)(3) 106385 N/A N/A SUPPORT HANCOCK COUNTY AG SOCIETY PO BOX 148 FINDLAY OH 45839 344445804 501(C)(3) 5091 N/A N/A JUNIOR FAIR HANCOCK COUNTY EDUCATIONAL SERVICE CENTER 7746 CR 140 FINDLAY OH 45840 341364351 170(C)(1) 5000 N/A N/A SUPPORT HANCOCK COUNTY PERFORMING 336 W FOULKE AVENUE FINDLAY OH 45840 460912382 501(C)(3) 479583 N/A N/A FISCAL SPONSOR HANCOCK HISTORICAL MUSEUM 422 W SANDUSKY STREET FINDLAY OH 45840 237065550 501(C)(3) 36280 N/A N/A SUPPORT HANCOCK PARKS FOUNDATION 1424 E MAIN CROSS STREET FINDLAY OH 45840 341621283 501(C)(3) 10700 N/A N/A SUPPORT HOPE HOUSE 1800 N BLANCHARD STREET FINDLAY OH 45840 341655764 501(C)(3) 67254 N/A N/A SUPPORT HUMANE SOCIETY & SPCA OF HANCOCK COUNTY 4550 FOSTORIA AVENUE FINDLAY OH 45840 237254442 501(C)(3) 5023 N/A N/A SUPPORT LAKESIDE CHAUTAUQUA 236 WALNUT STREET LAKESIDE OH 43440 204072755 501(C)(3) 25000 N/A N/A SUPPORT MACKLIN INSTITUTE 15100 BIRCHAVEN LANE FINDLAY OH 43420 300109669 501(C)(3) 26589 N/A N/A SUPPORT MCCOMB FIRST PRESBYTERIAN CHURCH 100 S CHURCH STREET MCCOMB OH 45858 237325935 501(C)(3) 5000 N/A N/A SECOND LANGUAGE PROGRAM NORTHWEST OHIO RAILROAD PRESERVATION 11600 COUNTY ROAD 99 FINDLAY OH 45840 341859151 501(C)(3) 35377 N/A N/A SUPPORT OPEN ARMS DOMESTIC VIOLENCE AND RAPE CRISIS CENTER PO BOX 496 FINDLAY OH 45839 341308480 501(C)(3) 8000 N/A N/A SUPPORT SAFE & HEALTHY CHILDREN 1900 CHAPEL DRIVE FINDLAY OH 45840 203265065 501(C)(3) 7000 N/A N/A SUPPORT TOYS FOR TOT FOUNDATION 9671 TR 251 FINDLAY OH 45840 203021444 501(C)(3) 5000 N/A N/A SUPPORT UNITED WAY 245 STANFORD PARKWAY FINDLAY OH 45840 346408694 501(C)(3) 153170 N/A N/A SUPPORT UNIVERSITY OF FINDLAY 1000 N MAIN STREET FINDLAY OH 45840 344431169 501(C)(3) 99357 N/A N/A SUPPORT VILLAGE OF MCCOMB 210 E MAIN STREET MCCOMB OH 45858 346400860 170(C)(1) 131800 N/A N/A SUPPORT YMCA 300 E LINCOLN STREET FINDLAY OH 45840 344428263 501(C)(3) 37565 N/A N/A SUPPORT 36 0 PART I, LINE 2: ANNUALLY, THE ORGANIZATION'S BOARD APPROVES A POOL OF MONEY FOR PRESIDENTIAL DISCRETIONARY GRANTS ($20,000), EDUCATION GRANTS ($60,000), AND "HANCOCK READS" GRANTS ($10,000). THE MAXIMUM GRANT AMOUNT FOR THE PRESIDENTIAL DISCRETIONARY POOL IS $2,500. THE MAXIMUM GRANT AMOUNT FOR AN EDUCATION POOL GRANT IS $6,000. THERE IS NO INDIVIDUAL MAXIMUM GRANT AMOUNT FOR THE "HANCOCK READS" POOL. THE YOUTH IN PHILANTHROPY (YIP) GRANTS ARE DETERMINED BY A STUDENT COMMITTEE. THE DOLLARS GRANTED BY THE COMMITTEE ARE ONE HALF OF THE AVAILABLE TO SPEND FROM A YOUTH MEMORIAL FUND AND DOLLARS RAISED BY THE YOUTH IN PHILANTHROPY STUDENT GROUP. HISTORICALLY THE TOTAL YIP GRANTS AVERAGE $1,500 ANNUALLY. THE TRUSTEES HAVE DELEGATED APPROVAL OF THE GRANTS FROM THESE POOLS OF MONEY TO THE PRESIDENT AND THE RESPECTIVE COMMITTEES. THE TRUSTEES REVIEW ALL GRANTS MADE FROM THESE FUNDS BUT DO NOT FORMALLY APPROVE THE GRANTS. ALL OTHER GRANTS ARE APPROVED BY THE ORGANIZATION'S BOARD. GRANTEES ARE REQUIRED TO SUBMIT A COPY OF THEIR IRS DETERMINATION LETTER WITH THEIR APPLICATION. GRANTEES ARE REQUIRED TO SUBMIT REPORTS AT 6 MONTH INTERVALS AFTER RECEIVING GRANT FUNDS. A FINAL REPORT IS REQUIRED ONCE THE PROJECT HAS BEEN COMPLETED. A PROCESS IS IN PLACE TO ENSURE THE PROGRAM OFFICERS ARE RECEIVING THE INTERIM AND FINAL REPORTS ON A TIMELY BASIS. PROGRAM OFFICERS REVIEW THE REPORTS FOR DISCREPANCIES. ANY MATERIAL DISCREPANCIES ARE REPORTED TO THE BOARD. X 6 315297 STOCK MARKET 0 0 1 1 PART I, COLUMN (B): THE FOUNDATION REPORTS THE NUMBER OF CONTRIBUTORS IN COLUMN (B). PART I, LINE 32B: THE ORGANIZATION'S BANK SELLS CONTRIBUTIONS OF PUBLICLY TRADED SECURITIES. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD WAS PROVIDED A COPY OF THE FORM 990 TO REVIEW PRIOR TO FILING THE FORM 990. THE BOARD WAS GIVEN THE OPPORTUNITY TO ASK QUESTIONS AND PROVIDE COMMENTS ABOUT THE FORM 990 TO THE CHIEF FINANCIAL OFFICER AND/OR THE PRESIDENT. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY OFFICERS, TRUSTEES, COMMITTEE MEMBERS, AND EMPLOYEES ARE PROVIDED A COPY OF THE FOUNDATION'S "CONFLICT OF INTEREST, CONFIDENTIALITY, AND ETHICAL PRINCIPLES POLICY". EACH PERSON THAT RECEIVES THE POLICY IS ASKED TO SIGN A STATEMENT OF AFFIRMATION REGARDING THE POLICY AND COMPLETE A QUESTIONNAIRE DISCLOSING ANY CONFLICT OF INTEREST. ALL QUESTIONNAIRES ARE REVIEWED BY THE BOARD CHAIR, PRESIDENT, AND THE FINANCE OFFICER FOR ANY POSSIBLE CONFLICTS. IN THE EVENT OF A CONFLICT, THE BOARD MEMBER WOULD ABSTAIN FROM VOTING. THIS WOULD BE DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15 LINE 15A: THE BOARD OF TRUSTEES ACTIVELY MONITORS AND EVALUATES THE PRESIDENT. THE BOARD CHAIR AND VICE CHAIR COMPRISE THE PERSONNEL COMMITTEE. THE PERSONNEL COMMITTEE REVIEWS SALARY AND BENEFIT REPORTS AND SURVEYS FROM THE COUNCIL ON FOUNDATIONS AND FORMS 990 OF SIMILAR NONPROFITS. THE PERSONNEL COMMITTEE MEETINGS WERE NOT CONTEMPORANEOUSLY DOCUMENTED IN MEETING MINUTES. EVERY THREE YEARS THE ORGANIZATION HIRES A CONSULTANT TO CONDUCT A SALARY REVIEW. THE CONSULTANT LAST REVIEWED THE SALARIES IN NOVEMBER 2013 FOR IMPLEMENTATION IN JANUARY 2014. BASE SALARY CONSIDERS THE CONTRIBUTION OF EACH POSITION TO THE FOUNDATION'S OVERALL GOALS. IT ALSO REFLECTS THE COMPETITIVE COMPENSATION PHILOSOPHY IN THE CONTEXT OF THE FOUNDATION'S ROLE AS A COMMUNITY AND PHILANTHROPIC LEADER. THE FOUNDATION TARGETS SALARY RANGE MIDPOINTS TO THE MARKET AVERAGE FOR EACH SPECIFIC MARKET IN WHICH IT COMPETES. RELATIVE INTERNAL VALUES FOR POSITIONS ARE DETERMINED THROUGH THE USE OF THE FOLLOWING METHODOLOGY: *SCOPE & IMPACT - THE BREADTH OF THE JOB AND IMPACT OF THE ACTIONS OF THE INCUMBENT WITHIN AND OUTSIDE THE FOUNDATION. *LATITUDE OF ACTION - THE EXTENT TO WHICH THE POSITION GIVES THE INCUMBENT FREEDOM TO MAKE DECISIONS AND AUTHORITY TO TAKE ACTIONS WITHOUT PRIOR APPROVAL OF THE SUPERVISOR. *WORKING RELATIONSHIPS - THE EXTENT TO WHICH EFFECTIVE CONTACTS WITH PEOPLE INSIDE AND OUTSIDE THE FOUNDATION ARE ESSENTIAL TO PERFORMANCE IN THE POSITION. *DECISION MAKING - THE COMPLEXITY OF DECISIONS REQUIRED, THE NUMBER OF FACTORS THE DECISION MAKER MUST TAKE INTO ACCOUNT, THE LEVEL OF INDIVIDUALS INVOLVED, THE TIME PRESSURES, THE CONSEQUENCES OR IMPACT OF THE DECISION, AND THE FREQUENCY WITH WHICH DECISIONS HAVE TO BE MADE. *KNOWLEDGE AND SKILL - THE EXTENT TO WHICH PROFESSIONAL QUALIFICATIONS, EXPERIENCE, AND SKILLS ARE REQUIRED TO CARRY THE RESPONSIBILITIES OF THE POSITION. *MARKET ANALYSIS - THE ACTUAL PAY FOR JOBS OF SIMILAR SCOPE AND CONTENT IN THE SELECTED MARKET. COMPENSATION IS DEEMED "REASONABLE" IF THE AMOUNT PAID WOULD ORDINARILY BE PAID FOR LIKE SERVICES BY LIKE ENTERPRISES UNDER THE CIRCUMSTANCES. LINE 15B: THE SAME SOURCES OF INFORMATION NOTED ABOVE ARE UTILIZED TO DETERMINE REASONABLE COMPENSATION AND BENEFITS FOR OTHER EMPLOYEES. THE BOARD APPROVES COMPENSATION AS PART OF THE ANNUAL BUDGET PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S CONSOLIDATED AUDITED FINANCIAL STATEMENTS ARE PROVIDED TO ANYONE WHO REQUESTS THEM. THE ORGANIZATION'S ANNUAL REPORT WHICH IS MAILED TO FUND REPRESENTATIVES AND A LARGE NUMBER OF DONORS INCLUDES A CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND STATEMENT OF ACTIVITIES. THE BOARD APPROVES THE OPERATING BUDGET FOR THE FOLLOWING YEAR IN NOVEMBER. QUARTERLY, BOTH THE FINANCE & INVESTMENT COMMITTEE AND THE BOARD REVIEW INTERNALLY PREPARED FINANCIAL STATEMENTS AND YEAR-TO-DATE ACTUAL COMPARED TO YEAR-TO-DATE BUDGETED OPERATING AMOUNTS. QUARTERLY THE FINANCE & INVESTMENT COMMITTEE MEETS WITH THE ORGANIZATION'S INVESTMENT ADVISOR TO REVIEW INVESTMENT RESULTS. THE ORGANIZATION HAS A POLICY REGARDING THE PUBLIC AVAILABILITY OF ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY. FORM 990, PART XI, LINE 9: LINE 9 - OTHER CHANGES IN NET ASSETS INCLUDE THE FOLLOWING AMOUNTS NOT 3,979,752. REPORTED ON FORM 990 PARTS VIII & IX: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS - ($3,975,265), RETURNED GRANTS - $2,324, MISCELLANEOUS $2,163 FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE IS IN CHARGE OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE AUDIT COMMITTEE DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS. THE AUDIT COMMITTEE HIRED A NEW AUDIT FIRM IN 2009 FOR THE 2009 THROUGH 2011 AUDITS. IN 2012 A TWO YEAR EXTENSION OF THE AUDIT ENGAGEMENT WAS APPROVED. THE PRIOR AUDIT FIRM HAD PERFORMED THE ORGANIZATION'S AUDITS FOR THE PRIOR NINE YEARS. THE HANCOCK PROPERTIES FOUNDATION 101 W SANDUSKY STREET SUITE 207 FINDLAY OH 45840 270121577 REAL ESTATE RENTAL OH 501(C)(3) LINE 11A, I FINDLAY-HANCOCK COUNTY COMMUNITY FOUNDATION 1 FRANK A & ANNETTE GUGLIELMI FOUNDATION 101 W SANDUSKY STREET SUITE 207 FINDLAY OH 45840 341962887 GRANTMAKING OH 501(C)(3) LINE 11A, I FINDLAY-HANCOCK COUNTY COMMUNITY FOUNDATION 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 THE HANCOCK PROPERTIES FOUNDATION Q 58263 CASH