2015-01-29T15:59:13-08:00 2014-05-31 MCPHERRON SKILES & LOOP CPAS PC 121 S JEFFERS ST STE 1 NORTH PLATTE NE 691015306 990 2013-06-01 470604965 MID-NEBRASKA COMMUNITY FOUNDATION INC MID- 3085343315 P O BOX 1321 NORTH PLATTE NE 69103 ERIC SEACREST EXECUTIVE DIRECTOR 2015-01-29 true PATRICIA A BRUNZ CPA P00023099 3085327525 2013 2016-03-07 17:11:31Z 3016968 false false X midnebraskafoundation.org X 1978 NE TO SERVE CHARITABLE PEOPLE AND WORTHY CAUSES IN THIS REGION, NOT BY RUNNING SPECIFIC PROGRAMS OURSELVES, BUT BY SUPPORTING OTHER NON-PROFIT ORGANIZATIONS THAT DO. ALSO TO PROVIDE SCHOLARSHIPS TO STUDENTS. 23 23 3 250 0 1124238 1783710 0 729367 773485 30317 35160 1883922 2592355 1009109 1052690 0 154181 163420 0 52810 111499 88499 1274789 1304609 609133 1287746 22346610 25598880 8745384 9858189 13601226 15740691 TO SERVE CHARITABLE PEOPLE AND WORTHY CAUSES IN THIS REGION, NOT BY RUNNING SPECIFIC PROGRAMS OURSELVES, BUT BY SUPPORTING OTHER NON-PROFIT ORGANIZATIONS THAT DO. ALSO TO PROVIDE SCHOLARSHIPS TO STUDENTS. false false 982890 866731 GRANTS FOR COMMUNITY IMPROVEMENTS, EDUCATION, ARTS AND CULTURE, ENVIRONMENT, HEALTH AND HUMAN SERVICE PROJECTS. 211457 185959 SCHOLARSHIPS FOR AREA STUDENTS 1194347 true true false false false true false false false true true false false false true false true false false false false false false false false false false true true false false false false false false false false true true false true true false false false false false false false false false true 4 0 true 3 true false false false false false false false false 0 false false false false false false false false false false X 23 23 true false false false false false false true true false false true true true true false false true false false X X ERIC SEACREST 3085343315 120 N DEWEY NORTH PLATTE NE 69101 X LARRY STOBBS Director 0.00 0.00 X 0 0 0 DR MARK NIELSEN Director 0.00 0.00 X 0 0 0 JOHN A PATTERSON President 0.00 0.00 X X 0 0 0 J PATRICK KEENAN Vice President 0.00 0.00 X X 0 0 0 FRANCINE MCKENZIE Director 0.00 0.00 X 0 0 0 DIANA DIFFENDAFFER Director 0.00 0.00 X 0 0 0 SAM PERRY Director 0.00 0.00 X 0 0 0 JO ANNE GRADY Director 0.00 0.00 X 0 0 0 GARY BYRNE Director 0.00 0.00 X 0 0 0 CONNIE KLEMM Director 0.00 0.00 X 0 0 0 BRENDA ROBINSON Director 0.00 0.00 X 0 0 0 KIMBERLY STEGER Director 0.00 0.00 X 0 0 0 CYNTHIA NORMAN Director 0.00 0.00 X 0 0 0 CHARLENE SCHNEIDER Director 0.00 0.00 X 0 0 0 BETTY SONES Director 0.00 0.00 X 0 0 0 JEAN STATES Director 0.00 0.00 X 0 0 0 MARY LYNN HORST Director 0.00 0.00 X 0 0 0 JAMES MCCLYMONT Secretary/Treas 0.00 0.00 X X 0 0 0 GLENN VAN VELSON Director 0.00 0.00 X 0 0 0 ALAN J ERICKSON Director 0.00 0.00 X 0 0 0 MARGENE PHARES Director 0.00 0.00 X 0 0 0 DR DOROTHY WYCOFF Director 0.00 0.00 X 0 0 0 MARY THOMPSON Director 0.00 0.00 X 0 0 0 ERIC SEACREST EXECUTIVE DIRECTOR 40.00 0.00 X 75485 0 0 75485 0 false false false 0 1783710 872179 1783710 0 615816 615816 0 0 0 577964 420295 157669 157669 157669 4725 4318 407 0 0 MANAGEMENT FEES 34753 34753 34753 2592355 192422 615816 866731 866731 185959 185959 0 0 75485 37743 22645 15097 0 49048 29429 9810 9809 0 29359 17615 5872 5872 9528 5717 1906 1905 0 0 15725 9435 3145 3145 0 0 0 0 7288 1458 1458 4372 3256 1954 651 651 0 0 15222 9133 3045 3044 0 0 0 0 0 5327 3196 1066 1065 5455 3273 1091 1091 COMPUTER & DATABASE SERVICES 18547 11128 3710 3709 Postage and Shipping 2890 1734 578 578 MAINTENANCE & SUPPLIES 2840 1704 568 568 MEALS 2237 1342 448 447 9712 6796 1459 1457 1304609 1194347 57452 52810 100 100 845608 737259 0 0 0 0 0 0 0 57938 43217 8156 14721 21431323 24846800 61423 0 0 0 0 22346610 25598880 1081 917 8744303 9857272 8745384 9858189 X 1750170 1963080 3393376 4553545 8457680 9224066 13601226 15740691 22346610 25598880 1287746 851719 X false true X true false X 654669 726714 1000109 1124238 1783710 5289440 0 0 654669 726714 1000109 1124238 1783710 5289440 1157918 4131522 -158419 400749 558577 729367 773485 2303759 0 20284 25806 27950 30317 35160 139517 7732716 0.53430 0.61570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24 185451 292032 1867248 true true 11840125 1597810 1413763 799822 2021 165594 13884261 10718911 435852 1595949 762405 5755 142427 11840125 11059463 824695 -416918 599783 12755 135791 10718911 9611035 443722 1679504 507605 29755 137438 11059463 353171 1184011 545412 29391 124251 9611035 9611035 0.12000 0.59000 0.29000 false false false 10680 8055 2625 47258 35162 12096 14721 PAYABLE TO DEPEW ANNUITY 16310 PAYABLE TO GREAT PLAINS HEALTH CARE FDN 7920691 PAYABLE TO NORTH PLATTE COMM COLLEGE FDN 1920271 9857272 3638271 851719 194197 1045916 2592355 2592355 1498806 194197 194197 1304609 1304609 Part V, Line 4: Intended uses of the endowment fund. AGENCY ENDOWMENTS FUNDS: EACH YEAR A PORTION OF EACH AGENCY ENDOWMENT FUND, CURRENTLY AROUND 5% IS PAID OR IS AVAILABLE TO BE PAID TO THE PARTICULAR QUALIFIED ORGANIZATION.DESIGNATED ENDOWMENT FUNDS: EACH YEAR A PORTION OF EACH DESIGNATED ENDOWMENT FUND, CURRENTLY AROUND 5% IS PAID TO THE DESIGNATED QUALIFIED ORGANIZATION OR ORGANIZATIONS, EITHER AS AN UNRESTRICTED GRANT OR FOR A DESIGNATED QUALIFIED PURPOSE.FIELD-OF-INTEREST ENDOWMENT FUNDS: EACH YEAR A PORTION OF EACH FIELD-OF-INTEREST ENDOWMENT FUND, CURRENTLY AROUND 5% IS PAID OR IS AVAILABLE TO BE PAID TO A QUALIFIED ORGANIZATION OR ORGANIZATIONS FOR A PURPOSE IN A DESIGNATED FIELD-OF-INTEREST (SUCH AS: HEALTH, EDUCATION, ETC.)OPERATIONS ENDOWMENT FUNDS: EACH YEAR A PORTION OF EACH OPERATIONS ENDOWMENT FUND, CURRENTLY AROUND 5% IS TRANSFERRED TO THE ADMINISTRATIVE FUND TO HELP PAY FOR THE COSTS OF OPERATING MID-NEBRASKA COMMUNITY FOUNDATION.SCHOLARSHIP ENDOWMENT FUNDS: EACH YEAR A PORTION OF EACH SCHOLARSHIP FUND, CURRENTLY AROUND 5% IS PAID OR IS AVAILABLE TO BE PAID IN THE FORM OF SCHOLARSHIP AWARDS TO U.S. POSTSECONDARY EDUCATIONAL INSTITUTIONS FOR THE BENEFIT OF QUALIFIED RECIPIENTS. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 MANAGEMENT FEES CHARGED TO FUNDS $189879 SPECIAL EVENTS EXPENSES $4318 Part XII, Line 2d: Other expenses and losses per audited F/S MANAGEMENT FEES CHARGED TO FUNDS $189879 SPECIAL EVENTS EXPENSES $4318 true ASSEMBLIES OF GOD WORLD MISS 1445 N BOONVILLE AVE SPRINGFIELD MO 65802 440577787 9000 0 MISSIONS BANNER UNITED METHODIST CHURC 43997 E BANNER RD GOTHENBURG NE 69138 311813333 6000 0 CHURCH BRADY PUBLIC SCHOOLS P O BOX 68 BRADY NE 69123 476004051 5120 0 EDUCATIONAL TECHNOLOGY CAMPUS CRUSADE FOR CHRIST 100 HART DR ORLANDO FL 32832 952814920 56800 0 MISSIONS CITY OF NORTH PLATTE 211 W 3RD ST NORTH PLATTE NE 69101 476006297 41050 0 PUBLIC PROJECTS CREATIVITY UNLTD ARTS COUNCIL P O BOX 266 NORTH PLATE NE 69103 202209105 175000 0 BUILDING RENOVATION EDUCATIONAL SERVICE UNIT #16 314 W 1ST ST OGALLALA NE 69153 470496080 15750 0 EDUCATIONAL TECHNOLOGY FREEDMEN NEBRASKA P O BOX 80914 LINCOLN NE 68501 453262475 10000 0 MINISTRIES HERSHEY PUBLIC SCHOOLS P O BOX 369 HERSHEY NE 69143 476004084 30358 0 EDUCATIONAL TECHNOLOGY LINCOLN CNTY HISTORICAL SOCIETY & MUSEUM 2403 N BUFFALO NORTH PLATTE NE 69101 237147860 76000 0 MUSEUM OPERATIONS MESSIAH EVANGELICAL LUTHERAN 2700 WEST A ST NORTH PLATTE NE 69101 411568278 7629 0 MISSIONS N P CATHOLIC SCHOOL ENDOWMENT P O BOX 57 NORTH PLATTE NE 69103 470600543 111968 0 EDUCATION NORTH PLATTE CATHOLIC SCHOOLS P O BOX 970 NORTH PLATTE NE 69103 470488800 6152 0 EDUCATION TECHNOLOGY NORTH PLATTE CHILDRENS MUSEUM 314 N JEFFERS ST NORTHPLATTE NE 69101 470813286 6500 0 OUTDOOR IMPROVEMENTS NORTH PLATTE COMM COLLEGE FDN 601 W STATE FARM RD NORTH PLATTE NE 69101 202459157 5232 0 EDUCATIONAL TECHNOLOGY NORTH PLATTE PUBLIC SCHOOLS 301 WEST F ST NORTH PLATTE NE 69101 476004045 9000 0 EDUCATIONAL TECHNOLOGY NORTH PLATTE UNITED METHODIST CHURCH 1600 WEST E ST NORTH PLATTE NE 69101 470384574 20720 0 UNRESTRICTED OGALLALA PUBLIC SCHOOL FDN 205 E 6TH OGALLALA NE 69153 263043298 23605 0 EDUCATION OGALLALA PUBLIC SCHOOLS 205 E 6TH ST OGALLALA NE 69153 476003739 11649 0 EDUCATIONAL TECHNOLOGY PERKINS COUNTY SCHOOLS P O BOX 829 GRANT NE 69140 470738415 5813 0 EDUCATIONAL TECHNOLOGY SUTHERLAND PUBLIC SCHOOLS P O BOX 217 SUTHERLAND NE 69165 476004084 9445 0 EDUCATIONAL TECHNOLOGY TWENTIETH CENTURY VETERANS MEMORIAL 221 E 5TH ST NORTH PLATTE NE 69101 470813172 22287 0 VETERAN'S MEMORIAL CONSTRUCTION WALLACE PUBLIC SCHOOLS P O BOX 127 WALLACE NE 69169 476004087 6230 0 EDUCATION TECHNOLOGY 15 8 SCHOLARSHIPS PAID DIRECTLY TO COLLEGES & UNIVERSITIES 132 Grantmaker's Description of How Grants are Used PROCEDURES USED BY MID-NEBRASKA COMMUNITY FOUNDATION TO MONITOR THE USE OF GRANT FUNDS INCLUDE THE FOLLOWING: ASCERTAINING THAT RECIPIENTS OF GRANT FUNDS ARE QUALIFIED TO RECEIVE CHARITABLE GRANT FUNDS. IN CASES OF GRANTS MADE FOR A PARTICULAR PURPOSE OR PROJECT, VERIFYING THAT RECIPIENTS INTEND TO SPEND GRANT FUNDS ON SUCH PARTICULAR PURPOSE OR PROJECT AND FURTHER REQUESTING INFORMATION FROM RECIPIENTS REGARDING ACTUAL USE OF GRANT FUNDS FOR SUCH PURPOSE OR PROJECT. ADVISING RECIPIENTS THAT GRANTS ARE MADE FOR THE CHARITABLE PURPOSES WITHOUT ANY EXPECTATION OF GOODS OR SERVICES IN RETURN. SEEKING INFORMATION FROM PUBLIC SOURCES REGARDING THE INTENDED RECIPIENTS OF GRANTS FUNDS FOR ANY INDICATION THAT AN INTENDED RECIPIENT MAY NO LONGER NEED OR WARRANT CHARITABLE GRANTS, SUCH AS IF THE NEED HAS BEEN FULFILLED OR IF IRREGULARITIES HAVE BEEN DISCLOSED. JOSHUA STATES GRANDSON OF DIRECTOR 5400 SCHOLARSHIP EDUCATIONAL GARY BYRNE DIRECTOR SEE PART V false OLIVIA CONRAD DIRECTOR SEE PART V false ALAN ERICKSON DIRECTOR SEE PART V false JOHN PATTERSON DIRECTOR SEE PART V false BETTY SONES DIRECTOR SEE PART V false LARRY STOBBS DIRECTOR SEE PART V false Schedule L, Part V Supplemental Information PART IIIMNCF AWARDED AND SUBSEQUENTLY PAID A HERB AND BUNNY HOOVER SCHOLARSHIP TOTALING $5400 TO UNIVERSITY OF NEBRASKA MEDICAL CENTER, OMAHA, NEBRASKA FOR THE BENEFIT OF JOSHUA STATES. JOSHUA STATES WAS RECOMMENDED FOR SUCH SCHOLARSHIP BY A UNIQUE AND INDEPENDENT SCHOLARSHIP SELECTION COMMITTEE. THE MEMBERSHIP OF EACH SCHOLARSHIP SELECTION COMMITTEE AND THE SCHOLARSHIP AWARDED TO JOSHUA STATES WERE APPROVED BY THE MNCF BOARD OF DIRECTORS. DIRECTOR JEAN STATES DID NOT PARTICIPATE IN ANY DISCUSSION OR VOTE ON SCHOLARSHIP SELECTION OR AWARD OF ANY SCHOLARSHIP TO JOSHUA STATES.PART IVTHE DIRECTORS LISTED:GARY BYRNE WAS ADVISOR FOR THE PURPOSE OF RECOMMENING GRANTS FROM THE HANNAH HUCKFELDT FUND ADMINISTERED BY MNCF.OLIVIA CONRAD WHO RESIGNED AS A DIRECTOR IN OCTOBER 2013, WAS AN EMPLOYEE OF FIRST NATIONAL BANK WITH WHOM MNCF HAD BANKING ACCOUNT AND INVESTMENT ACCOUNTS.ALAN ERICKSON WAS A DIRECTOR OF NEBRASKALAND NATIONAL BANK WITH WHOM MNCF HAD AN ACCOUNT. ALAN ERICKSON WAS ADVISOR FOR THE PURPOSE OF RECOMMENDING GRANTS FROM THE ALAN ERICKSON FAMILY CHARITABLE FUND ADMINISTERED BY MNCF. ALAN ERICKSON HELD A KEY POSITION RELATING TO THE DEVELOPMENT OF THE PRAIRIE ARTS CENTER BY CREATIVITY UNLIMITED ARTS COUNCIL AND MNCF ADMINISTERED CHARITABLE FUNDS FOR THE BENEFIT OF CREATIVITY UNLIMITED ARTS COUNCIL.OFFICER JOHN PATTERSON WAS DIRECTOR OF GREAT PLAINS REGIONAL MEDICAL CENTER AND MNCF ADMINISTERED CHARITABLE FUNDS FOR THE BENEFIT OF GREAT PLAINS HEALTH CARE FOUNDATION THAT SUPPORTED THE MEDICAL CENTER.BETTY SONES WAS A DIRECTOR OF GREAT PLAINS HEALTH CARE FOUNDATION AND MNCF ADMINISTERED CHARITABLE FUNDS FOR THE BENEFIT OF GREAT PLAINS HEALTH CARE FOUNDATION. BETTY SONES WAS A DIRECTOR AND OFFICER OF CREATIVITY UNLIMITED ARTS COUNCIL AND MNCF ADMINISTERED CHARITABLE FUNDS FOR THE BENEFIT OF CREATIVITY UNLIMITED ARTS COUNCIL.LARRY STOBBS WAS A DIRECTOR OF GREAT PLAINS HEALTH CARE FOUNDATION AND MNCF ADMINISTERED CHARITABLE FUNDS FOR THE BENEFIT OF GREAT PLAINS HEALTH CARE FOUNDATION.THE ABOVE LISTED INDIVIDUALS DID NOT PARTICIPATE IN ANY COMMITTEE OR BOARD DISCUSSION OR VOTE REGARDING ANY MATTER SPECIFIC TO:THE ADMINISTRATION OF THOSE FUNDS OR REGARDING AWARDING OF GRANTS TO OR FROM THOSE FUNDS.ORTHE BANKING AND INVESTMENT RELATIONSHIPS BETWEEN THEM AND MNCF. X AGRICULTURAL COMMODITIES 1 45333 SALES PRICE X LIFE INSURANCE PROCEEDS 1 75367 AMOUNT RECEIVED X LIFE INSURANCE PROCEEDS 1 751479 AMOUNT RECEIVED false true false Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et THE FOLLOWING MID-NEBRASKA COMMUNITY FOUNDATION DIRECTORS:GARY BYRNE WAS A PRINCIPAL OF SCOTT ABSTRACT AND TITLE SERVICES OF THE PLAINS.OLIVIA CONRAD, WHO RESIGNED AS A DIRECTOR IN OCTOBER 2013, WAS AN EMPLOYEE OF FIRST NATIONAL BANK.DIANA DIFFENDAFFER WAS AN OWNER OF A CLOTHING STORE IN NORTH PLATTE.ALAN ERICKSON WAS A DIRECTOR OF NEBRASKALAND NATIONAL BANK, AS WELL AS REAL ESTATE INVESTMENTS.MARY LYNN HORST WAS AN EMPLOYEE OF NORTH PLATTE PUBLIC SCHOOLS.J. PATRICK KEENAN HAD INVESTMENTS IN LOCAL MOTELS AND OTHER REAL ESTATE.JIM MCCLYMONT WAS A PRACTICING ATTORNEY.DR. MARK NIELSEN WAS A PRACTICING PHYSICIAN.JOHN PATTERSON HAD REAL ESTATE INVESTMENTS.CHARLENE SCHNEIDER WAS AN EMPLOYEE OF U.S. BANK.BOB SPADY WAS A PRINCIPAL OF BOB SPADY BUICK-GMC.KIMBERLY STEGER WAS AN EMPLOYEE OF EQUITABLE BANK.LARRY STOBBS WAS A PRINCIPAL OF ROSENBERG INSURANCE CO.GLENN VAN VELSON WAS A PRACTICING ATTORNEY.EXECUTIVE DIRECTOR ERIC SEACREST WAS AN OWNER OF SKYLINE LIQUOR AND WINFIELD COFFEE.THE ABOVE LISTED INDIVIDUALS, IN THE NORMAL COURSE OF BUSINESS MIGHT HAVE DEALINGS WITH INDIVIDUALS WHO ALSO WERE MNCF OFFICERS, DIRECTORS AND KEY EMPLOYEES. Form 990, Part VI, Line 11b: Form 990 Review Process MID-NEBRASKA COMMUNITY FOUNDATION ASSIGNED PRIMARY RESPONSIBILITY FOR PREPARING AND REVIEWING FORM 990 TO MNCF STAFF MEMBERS AND TO ITS INDEPENDENT ACCOUNTING FIRM, MCPHERRON, SKILES & LOOP CPAS PC OF NORTH PLATTE, NEBRASKA, WHO HELPED PREPARE REGULAR FINANCIAL STATEMENTS FOR MANAGEMENT PURPOSES.INDEPENDENT ACCOUNTANT PATRICIA BRUNZ CPA OF MCPHERRON, SKILES & LOOP CPA PC AND MNCF EXECUTIVE DIRECTOR ERIC SEACREST REVIEWED FORM 990 PREPARATION AND CONTENT.THE FORM 990 WAS SHARED WITH EACH MEMBER OF THE MNCF BOARD OF DIRECTORS AND FEEDBACK WAS INVITED.COPIES OF THE FILED FORM 990 WILL BE AVAILABLE FOR REVIEW BY THE PUBLIC AND THE MID-NEBRASKA COMMUNITY FOUNDATION OFFICE, 120 N DEWEY STREET, NORTH PLATTE, NE.COPIES OF THE FILED FORM 990 TYPICALLY HAVE BEEN MADE AVAILABLE ON THE WEB SITES OF ORGANIZATIONS THAT MONITOR NON-PROFIT ORGANIZATIONS IN THE U.S. SUCH AS GUIDESTAR. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts CONFLICT OF INTEREST POLICIES ARE DESCRIBED IN ARTICLE IV - SECTION 9 OF MNCF BY-LAWS:(a) SIGNIFICANT INVOLVEMENT: IN CONSIDERING FOUNDATION MATTERS, DIRECTORS AND OTHER COMMITTEE MEMBERS WILL ANNOUNCE AND DISCLOSE SIGNIFICANT INVOLVEMENT WITH INSTITUTIONS OR GRANTEES UNDER DISCUSSION. "SIGNIFICANT INVOLVEMENT" IS DEFINED AS: (i)SERVING AS AN ELECTED OR APPOINTED MEMBER OF A GOVERNING BOARD OR MAJOR COMMITTEE, (ii)RECEIVING COMPENSATION AS AN EMPLOYEE OR CONSULTANT, OR (iii) BEING RELATED TO AN INDIVIDUAL GRANTEE OR TO A STAFF MEMBER OF A GRANTEE INSTITUTION.(b) INDIRECT INTEREST: A DIRECTOR HAS AN INDIRECT INTEREST IN A TRANSACTION IF ANOTHER ENTITY IN WHICH THE DIRECTOR HAS A MATERIAL INTEREST OR IN WHICH THE DIRECTOR IS A GENERAL PARTNER IS A PARTY TO THE TRANSACTION,OR ANOTHER ENTITY OF WHICH THE DIRECTOR IS A DIRECTOR, OFFICER, OR TRUSTEE IS A PARTY TO THE TRANSACTION.(c) CONFLICT OF INTEREST: A CONFLICT OF INTEREST EXISTS WHEN A DIRECTOR HAS A DIRECT OR INDIRECT INTEREST IN A TRANSACTION. A CONFLICT OF INTEREST TRANSACTION IS NOT VOIDABLE OR THE BASIS FOR IMPOSING LIABILITY ON THE DIRECTOR IF THE TRANSACTION WAS FAIR AT THE TIME IT WAS ENTERED INTO OR IS APPROVED AS SET FORTH HEREIN. A TRANSACTION IN WHICH A DIRECTOR HAS A CONFLICT OF INTEREST MAY BE APPROVED IN ADVANCE BY THE VOTE OF THE BOARD OF DIRECTORS OR A COMMITTEE IF THE MATERIAL FACTS OF THE TRANSACTION AND THE DIRECTOR'S INTEREST ARE DISCLOSED OR KNOWN TO THE BOARD OR COMMITTEE, AND THE DIRECTORS APPROVING THE TRANSACTION IN GOOD FAITH REASONABLY BELIEVE THAT THE TRANSACTION IS FAIR TO THE FOUNDATION.(d) RATIFICATION: A CONFLICT OF INTEREST TRANSACTION IS AUTHORIZED, APPROVED, OR RATIFIED IF IT RECEIVES THE AFFIRMATION VOTE OF A MAJORITY OF THE DIRECTORS OR COMMITTEE MEMBERS WHO HAVE NO DIRECT INTEREST IN THE TRANSACTION. A CONFLICT OF INTEREST TRANSACTION MAY NOT BE AUTHORIZED, APPROVED, OR RATIFIED BY A SINGLE DIRECTOR. IF A MAJORITY OF THE DIRECTORS WHO HAVE NO DIRECT OR INDIRECT INTEREST IN THE TRANSACTION VOTE TO AUTHORIZE, APPROVE, OR RATIFY THE TRANSACTION, A QUORUM IS PRESENT FOR THE PURPOSE OF TAKING ACTION ON THE CONFLICT OF INTEREST TRANSACTION. THE PRESENCE OF, OR A VOTE CAST BY, A DIRECTOR WITH A DIRECT OR INDIRECT INTEREST IN THE TRANSACTION DOES NOT AFFECT THE VALIDITY OF ANY ACTION TAKEN BY THE DIRECTORS IF THE CONFLICT OF INTEREST TRANSACTION IS OTHERWISE APPROVED AS SET FORTH HEREIN.REMINDER ABOUT CONFLICTS OR DUALITY AT MEETINGS: AT VIRTUALLY ALL MNCF BOARD OF DIRECTORS MEETINGS, THE AGENDA OF THE MEETING INCLUDES A NOTICE TO PARTICIPANTS THAT IF THE BOARD OR COMMITTEE CONSIDERS A MATTER THAT MIGHT CONSTITUTE A CONFLICT OF INTEREST OR DUALITY OF INTEREST INVOLVING A PARTICIPANT, IT IS THE PARTICIPANT'S OBLIGATION TO DISCLOSE THE FACTS OF THE SITUATION AS WELL AS TO ABSTAIN FROM VOTING AND TO REFRAIN FROM ATTEMPTING TO INFLUENCE THE MATTER IN THOSE SITUATIONS WHERE A CONFLICT OF INTEREST OR DUALITY OF INTEREST EXISTS.ABSTENTIONS IN VOTING ARE RECORDED IN THE MINUTES OF BOARD OF DIRECTORS AND COMMITTEES MEETINGS. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management THE PRESIDENT OF MID-NEBRASKA COMMUNITY FOUNDATION APPOINTS AN EXECUTIVE EVALUATION COMMITTEE MADE UP OF OFFICERS AND DIRECTORS, ALL OF WHOM ARE INDEPENDENT. THE EVALUATION COMMITTEE MAKES RECOMMENDATIONS TO THE BOARD OF DIRECTORS AFTER CONSIDERING: 1. POSITION DESCRIPTION 2. SURVEY DATA ABOUT COMPENSATION OF COMPARABLE POSITIONS AT OTHER COMMUNITY FOUNDATIONS IN THE U.S. AND IN THE MIDWEST REGION 3. PERFORMANCE INFORMATION 4. SALARY HISTORY 5. BUDGET SITUATION OF THE ORGANIZATIONTHE BOARD OF DIRECTORS DISCUSSES RECOMMENDATIONS AND RELEVANT INFORMATION AND THEN TAKES ACTION ON COMPENSATION OF EXECUTIVE DIRECTOR. RECOMMENDATIONS OF EXECUTIVE EVALUATION COMMITTEE ALONG WITH ACTIONS OF BOARD OF DIRECTORS ARE RECORDED IN THE MINUTES OF THE BOARD OF DIRECTORS. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available MID-NEBRASKA COMMUNITY FOUNDATION MAKES COPIES OF ITS ARTICLES OF INCORPORATION, BY-LAWS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AT ITS OFFICE AT 120 NORTH DEWEY STREET, NORTH PLATTE, NE 69101.