2026-07-31T14:13:12-04:00 2025-12-31 841255164 KUNDINGER CORDER & MONTOYA PC 475 LINCOLN STREET SUITE 200 DENVER CO 80203 990 2025-01-01 311650658 COMMUNITY FOUNDATION OF THE GUNNISON VALLEY COMM 9706418837 525 NORTH MAIN STREET GUNNISON CO 81230 LAUREN KUGLER EXECUTIVE DIRECTOR 9706418837 2026-07-31 true KRISTIN CALDER P01720813 3035345953 2026-07-31 2025 2025-03-06 01:10:19Z LAUREN KUGLER 525 NORTH MAIN STREET GUNNISON CO 81230 3944590 false X WWW.CFGV.ORG X 1997 CO PROVIDE A CHARITABLE CONDUIT TO IMPROVE THE GUNNISON AREA AS A PLACE TO LIVE. 11 11 4 30 0 4619376 3400005 7709 31525 5193026 408737 0 9820111 3840267 2840215 1071473 0 304762 331741 0 70383 355602 418630 3500579 1821844 6319532 2018423 18085161 21952662 1445040 3835370 16640121 18117292 TO PROVIDE A PERMANENT ENTITY TO MANAGE RESOURCES TO HELP BUILD COMMUNITY FOR THE BENEFIT OF ALL RESIDENTS OF THE GUNNISON WATERSHED. false false 1289740 1053973 31525 FACILITATE CONTRIBUTIONS AND FUNDING FOR VARIOUS COMMUNITY PROJECTS. 17500 17500 FACILITATE CONTRIBUTIONS FOR SCHOLARSHIPS AND GRANTS. 1307240 true true false false false true false false false true false 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 false true false false false false false false false false true 12 0 4 true false false false false false false false false false false false false false false false X 11 11 false false false false false false false true true false false true true true true true true true true false AL CA CO CT FL GA HI IL KS KY ME MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA RI SC TN VA WA WV WI X X THE ORGANIZATION 9706418837 525 NORTH MAIN STREET GUNNISON CO 81230 LAUREN KUGLER EXECUTIVE DI 40.00 X X 102206 0 7436 LISA RODMAN PRESIDENT 1.00 X X 0 0 0 KATHY FOGO VP & SECRETA 1.00 X X 0 0 0 COLLEEN HEGEMAN TREASURER 1.00 X X 0 0 0 JASON AMRICH DIRECTOR 1.00 X 0 0 0 BILL BURKE DIRECTOR 1.00 X 0 0 0 DAVE CLAYTON DIRECTOR 1.00 X 0 0 0 CAROL JOHNSON DIRECTOR 1.00 X 0 0 0 GARY KEISER DIRECTOR 1.00 X 0 0 0 MIKE KEIG DIRECTOR 1.00 X 0 0 0 ROSE ZEALAND DIRECTOR 1.00 X 0 0 0 MARKETA ZUBKOVA DIRECTOR 1.00 X 0 0 0 102206 7436 1 false false false 73697 3326308 1489091 3400005 OTHER PROGRAM REVENUE 23856 23856 ADMINISTRATIVE FEES 7669 7669 31525 513060 513060 104323 -104323 -104323 -104323 3840267 31525 408737 1053973 1053973 17500 17500 109894 13187 83520 13187 177433 55836 99661 21936 13290 4148 7500 1642 31124 7576 19741 3807 4723 2048 2250 425 68304 15846 44118 8340 87273 87273 39076 7782 27198 4096 9232 2367 5774 1091 26328 6980 16272 3076 25587 6098 16391 3098 35595 8258 22991 4346 3537 820 2285 432 4076 946 2632 498 7831 1817 5058 956 PROGRAM EXPENSE 101899 101899 OTHER EXPENSE 5169 159 1557 3453 1821844 1307240 444221 70383 889428 400281 1513759 613591 35000 72500 1000 1000 15447466 20616234 51049 56049 182459 158007 18085161 21952662 35812 74447 1409228 3760923 1445040 3835370 X 2485230 2718514 14154891 15398778 16640121 18117292 18085161 21952662 X 2018423 1584259 -2125511 X false true X true false X 2189996 1799344 1174318 4619376 3400005 13183039 2189996 1799344 1174318 4619376 3400005 13183039 13183039 195163 88762 334947 302366 513060 1434298 14617337 70193 0.90190 0.91090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 42 339282 643525 9590661 true true 10286015 55153 1243799 422602 110393 11057471 9029233 549807 1206303 393712 105606 10286015 7889683 120884 1428648 319127 90865 9029223 10318722 -1441693 305124 587741 94481 7889683 9116603 499041 1298883 543351 95731 10275445 0.12880 0.87120 false false AGENCY OBLIGATIONS 3731566 OPERATING LEASE LIABILITY 29357 3760923 3179702 1584259 1584259 1595443 87273 2157551 2244824 3840267 1702531 1702531 87273 32040 119313 1821844 SCHEDULE D, PAGE 2, PART V, LINE 4 ENDOWMENTS, BOTH BOARD AND DONOR RESTRICTED, WILL BE UTILIZED TO FUND THE FOUNDATION'S MISSION BY PROVIDING RESOURCES TO HELP BUILD COMMUNITY FOR THE BENEFIT OF ALL RESIDENTS OF THE GUNNISON WATERSHED. SCHEDULE D, PAGE 4, PART XI, LINE 4B AGENCY CONTRIBUTIONS 2,126,342 AGENCY INVESTMENT RETURNS 64,848 AGENCY REALIZED GAINS -33,639 SCHEDULE D, PAGE 4, PART XII, LINE 4B AGENCY GRANTS 32,040 true ADAPTIVE SPORTS CENTER PO BOX 1639 CRESTED BUTTE CO 81224 841063447 501C3 15500 ATHLETICS & RECREATI ALL SAINTS IN THE MOUNTAINS EPISCOP PO BOX 2733 CRESTED BUTTE CO 81224 263806722 501C3 6000 COMMUNITY DEV CB STATE OF MIND PO BOX 1083 CRESTED BUTTE CO 81224 843477504 501C3 17957 HEALTH & HUMAN SERVI CBCS PTA PO BOX 2723 CRESTED BUTTE CO 81224 841075426 501C3 8000 EDUCATION CENTER FOR THE ARTS PO BOX 1819 CRESTED BUTTE CO 81224 742451146 501C3 57000 ARTS & CULTURE CITY OF GUNNISON PARKS & RECREATION 200 EAST SPENCER AVENUE GUNNISON CO 81230 GOV 9089 HEALTH & HUMAN SERVI COMMUNITY RESOURCE CENTER 303 EAST 17TH AVENUE STE 405 DENVER CO 80203 840838406 501C3 5927 EDUCATION CRESTED BUTTE AVALANCHE CENTER PO BOX 2351 CRESTED BUTTE CO 81224 020703033 501C3 11850 ATHLETICS & RECREATI CRESTED BUTTE DEVO PO BOX 1416 CRESTED BUTTE CO 81224 472510914 501C3 6000 ATHLETICS & RECREATI CRESTED BUTTE LAND TRUST PO BOX 2224 CRESTED BUTTE CO 81224 841190830 501C3 70850 ENVIRONMENT CRESTED BUTTE MUSEUM PO BOX 2480 CRESTED BUTTE CO 81224 841274733 501C3 16592 HISTORICAL PRES CRESTED BUTTE NORDIC PO BOX 1269 CRESTED BUTTE CO 81224 841066206 501C3 12600 ATHLETICS & RECREATI CRESTED BUTTE SCHOOL OF DANCE PO BOX 506 CRESTED BUTTE CO 81224 841183302 501C3 8599 ARTS & CULTURE CRESTED BUTTE WILDFLOWER FESTIVAL PO BOX 216 CRESTED BUTTE CO 81224 841356220 501C3 10100 EDUCATION GUNNISON ARTS CENTER 102 SOUTH MAIN STREET GUNNISON CO 81230 742325340 501C3 62433 ARTS & CULTURE GUNNISON COUNTRY FOOD PANTRY PO BOX 7077 GUNNISON CO 81230 208197462 501C3 77330 HEALTH & HUMAN SERVI GUNNISON COUNTY COLORADO 200 EAST VIRGINIA AVENUE GUNNISON CO 81230 GOV 5910 HEALTH & HUMAN SERVI GUNNISON COUNTY JUVENILE SERVICES 200 EAST VIRGINIA AVENUE GUNNISON CO 81230 GOV 13319 HEALTH & HUMAN SERVI GUNNISON COUNTY PIONEER & HISTORICA 803 EAST TOMICHI AVENUE GUNNISON CO 81230 840527500 501C3 13551 HISTORICAL PRES GUNNISON COUNTYCSU EXTENSION 275 SOUTH SPRUCE STREET GUNNISON CO 81230 GOV 22224 EDUCATION GUNNISON HINSDALE EARLY CHILDHOOD C 220 N SPRUCE ST GUNNISON CO 81230 GOV 14250 EDUCATION GUNNISON SANCTUARY HOUSING INC PO BOX 718 GUNNISON CO 81230 922491626 501C3 41000 HEALTH & HUMAN SERVI GUNNISON TOUGH PO BOX 375 GUNNISON CO 81230 933409584 501C3 20645 HEALTH & HUMAN SERVI GUNNISON TRAILS PO BOX 105 GUNNISON CO 81230 113785204 501C3 8000 ATHLETICS & RECREATI GUNNISON VALLEY ANIMAL WELFARE LEAG PO BOX 1834 GUNNISON CO 81230 841043943 501C3 24955 ANIMAL WELFARE GUNNISON VALLEY HEALTH FOUNDATION 711 NORTH TAYLOR GUNNISON CO 81230 261243347 501C3 15551 HEALTH & HUMAN SERVI GUNNISON VALLEY MENTORS 101 NORTH 8TH STREET GUNNISON CO 81230 841157649 501C3 29349 HEALTH & HUMAN SERVI GUNNISON VALLEY REGIONAL HOUSING AU 200 EAST VIRGINIA AVENUE GUNNISON CO 81230 461686495 GOV 5250 COMMUNITY DEV GUNNISON WATERSHED SCHOOL DISTRICT 800 NORTH BOULEVARD GUNNISON CO 81230 846013483 GOV 34137 EDUCATION HABITAT FOR HUMANITY GUNNISON VALLE PO BOX 1295 GUNNISON CO 81230 841342438 501C3 6620 COMMUNITY DEV HIGH COUNTRY CONSERVATION ADVOCATES PO BOX 1066 CRESTED BUTTE CO 812241066 840772688 501C3 6000 ENVIRONMENT KBUT COMMUNITY RADIO PO BOX 308 CRESTED BUTTE CO 81224 742325285 501C3 41010 COMMUNITY DEV LIGHTHOUSE PREGNANCY CENTER 223 NORTH IOWA STREET GUNNISON CO 81230 300759390 501C3 12134 HEALTH & HUMAN SERVI LIVING JOURNEYS PO BOX 2024 CRESTED BUTTE CO 81224 341974654 501C3 25251 HEALTH & HUMAN SERVI MOUNTAIN ROOTS FOOD PROJECT PO BOX 323 GUNNISON CO 81230 453815587 501C3 36099 HEALTH & HUMAN SERVI PROJECT HOPE OF GUNNISON VALLEY PO BOX 1812 GUNNISON CO 81230 841127292 501C3 42801 HEALTH & HUMAN SERVI PUBLIC POLICY FORUM OF CRESTED BUTT PO BOX 2256 CRESTED BUTTE CO 81224 203587565 501C3 7500 COMMUNITY DEV ROCKY MOUNTAIN BIOLOGICAL LABORATOR PO BOX 519 CRESTED BUTTE CO 81224 846050523 501C3 15600 EDUCATION ROTARY CLUB OF GUNNISON PO BOX 1274 GUNNISON CO 81230 846036534 501C4 6000 EDUCATION SIX POINTS EVALUATION AND TRAINING 1160 NORTH MAIN STREET GUNNISON CO 81230 840852105 501C3 37700 HEALTH & HUMAN SERVI THE TRAILHEAD CHILDREN'S MUSEUM PO BOX 1508 CRESTED BUTTE CO 81224 262162713 501C3 9175 EDUCATION TITANS BOOSTER CLUB PO BOX 2168 CRESTED BUTTE CO 81224 841439184 501C3 11000 ATHLETICS & RECREATI VALLEY HOUSING FUND PO BOX 1742 GUNNISON CO 81230 272032108 501C3 11950 COMMUNITY DEV WEST ELK HOCKEY ASSOCIATION PO BOX 1697 GUNNISON CO 81230 262689459 501C3 12500 ATHLETICS & RECREATI WEST ELK SOCCER ASSOCIATION PO BOX 2525 CRESTED BUTTE CO 81224 471656401 501C3 7599 ATHLETICS & RECREATI WESTERN COLORADO UNIVERSITY 1 WESTERN WAY GUNNISON CO 81231 846000558 501C3 8499 EDUCATION 38 1 SCHOLARSHIP 8 17500 SCHEDULE I, PAGE 1, PART I, LINE 2 PART I, LINE 2: EXPLANATION: WITH AN ORGANIZATION'S APPLICATION TO THE COMMUNITY FOUNDATION OF THE GUNNISON VALLEY FOR A GRANT, WE REQUIRE A COPY OF THE ORGANIZATION'S CURRENT CERTIFICATE OF GOOD STANDING FROM THE STATE OF COLORADO OR THAT OF THEIR FISCAL AGENT. STAFF ALSO USES GUIDESTAR "CHARITY CHECK" TO VERIFY CHARITABLE STATUS, IRS DEDUCTIBILITY CODE, AND DEDUCTIBILITY LIMITATIONS; IRS BUSINESS MASTER FILE DATA-IDENTIFY SUPPORTING ORGANIZATIONS AND, WHERE AVAILABLE, TYPE OF SUPPORTING ORGANIZATION IN COMPLIANCE WITH THE PENSION PROTECTION ACT OF 2006; IDENTIFY NONPROFITS WHOSE TAX EXEMPT STATUS HAS BEEN REVOKED UNDER THE PENSION PROTECTION ACT FOR FAILURE TO FILE ANNUAL RETURNS FOR THREE CONSECUTIVE YEARS; AND TO IDENTIFY NONPROFITS WHOSE TAX- EXEMPT STATUS HAS BEEN REVOKED FOR REASONS OTHER THAN FAILURE TO FILE AND LINK DIRECTLY TO INTERNAL REVENUE BULLETINS IN WHICH THE REVOCATIONS WERE ANNOUNCED. GRANT PROPOSALS ARE REVIEWED BY STAFF, NOTES ARE WRITTEN REGARDING ABOVE-MENTIONED STATUS WITH THE STATE AND THE IRS. ADDITIONALLY, STAFF REVIEWS THE PROPOSAL TO DETERMINE IF THE REQUEST MEETS THE ORGANIZATION'S STATED MISSION AND IS WITHIN THE GRANTING GUIDELINES OF THE FOUNDATION. APPLICATIONS ARE SUBMITTED ELECTRONICALLY AND ARE REVIEWED BY STAFF AND THEN BY THE GRANTS COMMITTEE, MEMBERS OF WHICH ARE EXPECTED TO REVIEW EACH PROPOSAL PRIOR TO THE REVIEW MEETING. THE MEMBERS OF THE GRANTS COMMITTEE REPRESENT VARIOUS COMMUNITIES WITHIN OUR VALLEY AS DETERMINED BY GEOGRAPHY, AGE, BACKGROUND, INTERESTS, SKILLS AND AGE. MEMBERS OF THE COMMITTEE ARE CHOSEN AND/OR APPOINTED FROM RECOMMENDATIONS OF BOTH BOARD AND STAFF. THE COMMITTEE FIRST DISCLOSES ANY CONFLICTS THEY MIGHT HAVE WITH ANY OF THE APPLICATIONS THAT WILL BE DISCUSSED AND THAT IS NOTED. THE COMMITTEE THEN DISCUSSES THE APPLICATION BEFORE THEM AND THEN RATES THE PROPOSAL ON THE FOLLOWING CRITERIA: NEED, MISSION, WHAT DIFFERENCE THE PROGRAM WILL MAKE IN THE COMMUNITY, REALISTIC BUDGET, ABILITY TO CARRY OUT THE PROGRAM AND THEIR EVALUATION CRITERIA. ANYONE WITH A CONFLICT (FOR A PARTICULAR AGENCY REQUESTING A GRANT)ABSTAINS FROM THE RATING PROCESS. THE SMAPPLY SOFTWARE PRODUCES A LIST OF GRANT REQUESTS RANKED IN ORDER OF THE GRANT COMMITTEE'S SCORES FOR EACH ORGANIZATION. THE RANKED LIST IS GIVEN TO THE REVIEW COMMITTEE AND IT ISREVIEWED, FURTHER DISCUSSION ENSUES AND A RECOMMENDATION IS PREPARED FOR THE FOUNDATION BOARD TO REVIEW AND ACT UPON. THE RATING/RANKING PROCESS SIMPLIFIES THE DECISION-MAKING PROCESS AND ENABLES THE COMMITTEE TO SEE CLEARLY WHERE THE ORGANIZATION RANKS OVERALL IN THE MIX AND MAKES IT EASIER TO ATTACH DOLLAR FIGURES FOR RECOMMENDATION TO THE BOARD. THE COMMITTEE REVIEWS PROPOSALS ONCE A YEAR AND MAKES RECOMMENDATIONS TO THE BOARD AT THE FIRST MEETING FOLLOWING THE REVIEW DAY FOR THOSE ORGANIZATIONS THEY BELIEVE MERIT FUNDING AND THOSE ENTITIES THAT THE COMMITTEE RECOMMENDS FOR DECLINATION. THE BOARD MAKES THE FINAL DECISIONS ON GRANT RECIPIENTS. AGENCIES THAT ARE BEING DENIED ARE NOTIFIED PRIOR (BY A DAY) THAN THOSE WHO ARE RECEIVING SUCCESSFUL PROPOSAL ACKNOWLEDGEMENTS. THOSE WHO ARE GRANT RECIPIENTS MUST SIGN A SIMPLE AGREEMENT WITH THE FOUNDATION THAT STATES THEY WILL USE THE GRANT FUNDS FOR THE PURPOSE(S) STATED IN THEIR PROPOSALS OR REMAINING MONIES WILL BE RETURNED TO THE FOUNDATION PRIOR TO RECEIVING THEIR GRANT CHECKS. THE AGREEMENT IS VERY SPECIFIC ABOUT COMPLIANCE WITH THE PATRIOT ACT AND STATES: "IN COMPLIANCE WITH EXECUTIVE ORDER 13224 OF THE UNITED STATES' PATRIOT ACT, THIS GRANT WILL NOT BE USED TO SUPPORT NAMED TERRORIST ORGANIZATIONS OR THOSE WHO MAY BE OTHERWISE ASSOCIATED WITH TERRORISTS. THE COMMUNITY FOUNDATION OF THE GUNNISON VALLEY ACKNOWLEDGES THAT "SUPPORT" DOES NOT INCLUDE NON-VIOLENT ACTIVITIES INTENDED TO PROTECT OR PROMOTE CONSTITUTIONAL RIGHTS." THEY ARE ALSO REMINDED THAT A NARRATIVE AND FINANCIAL REPORT WILL BE DUE AT THE END OF THE GRANT TERM. (THIS INFORMATION IS ALSO INCLUDED IN THE GRANT GUIDELINES.) STAFF REVIEWS REPORTS TO SEE THAT THE FUNDING WAS USED FOR THE PURPOSES FOR WHICH IT WAS GRANTED. WE HAVE HAD OCCASION TO REQUEST THE RETURN OF GRANT FUNDS BECAUSE OF OUR DILIGENCE IN KNOWING WHAT IS HAPPENING WITH THE NONPROFITS IN OUR VALLEY, THOSE WE HAVE FUNDED AND THOSE WE HAVE NOT, AND WE HAVE HAD OCCASION TO REQUEST MORE THOROUGH REPORTS WHEN THERE WAS A QUESTION ABOUT HOW THE GRANT FUNDS WERE USED. WHEN A DONOR RECOMMENDS A GRANT FROM A DONOR ADVISED FUND ALL DUE DILIGENCE STEPS ARE FOLLOWED; HOWEVER, THERE IS NO COMMITTEE PROCESS. THE EXECUTIVE DIRECTOR HAS THE DELEGATED AUTHORITY TO AUTHORIZE DAF RECOMMENDATIONS UP TO AND INCLUDING 25,000 WITHOUT SUBMITTING TO COMMITTEE; GRANTS ARE REPORTED TO THE BOARD AT REGULARLY SCHEDULED MEETINGS. A REPORT IS MADE TO THE BOARD AT THE NEXT REGULARLY SCHEDULED MEETING ALONG WITH THE DONOR ADVISED GRANTS PROVED BY THE EXECUTIVE DIRECTOR. ANY RECOMMENDATION FOR MORE THAN 25,000 IS REVIEWED AND APPROVED, IF IN COMPLIANCE WITH FOUNDATION GUIDELINES, BY THE BOARD OF DIRECTORS. THE BOARD OF THE COMMUNITY FOUNDATION OF THE GUNNISON VALLEY SHALL ANNUALLY APPOINT ALL MEMBERS OF EACH SCHOLARSHIP AND GRANT SELECTION COMMITTEE AFTER RECEIVING BASIC INFORMATION ABOUT WHY THE INDIVIDUAL IS QUALIFIED TO BE ON THE COMMITTEE. THE ADVISORY PRIVILEGES OF THE DONOR AND ANY PERSON DESIGNATED BY THE DONOR ARE PERFORMED EXCLUSIVELY IN SUCH PERSON'S CAPACITY AS A MEMBER OF THE COMMITTEE. A DONOR OR RELATED PARTY MAY SERVE ON A SELECTION COMMITTEE, BUT NO COMBINATION OF THE DONOR AND PERSONS DESIGNATED BY THE DONOR (OR PERSONS CONSIDERED TO BE RELATED PARTIES TO SUCH PERSONS) MAY CONTROL, DIRECTLY OR INDIRECTLY, THE COMMITTEE AND THEY MAY NOT CONSTITUTE A MAJORITY OF THE COMMITTEE. A DONOR MAY SUGGEST SOME MEMBERS OF THE COMMITTEE BUT THE FOUNDATION HAS THE POWER TO ACCEPT OR REJECT ANY SUGGESTIONS. A DONOR SERVING IN AN ADVISORY CAPACITY WILL BE ASKED TO DISCLOSE ANY FAMILY OR EMPLOYMENT RELATIONSHIPS EXISTING WITH OTHER COMMITTEE MEMBERS. A DONOR CAN BE AN INDIVIDUAL, A DECEASED PERSON, A CHARITY OR OTHER NONPROFIT ORGANIZATION, A CORPORATION OR OTHER BUSINESS, A PROFESSIONAL OR ALUMNI GROUP, OR OTHER ENTITY. DAN TREDWAY MEMORIAL EXCELLENCE IN TEACHING AWARD IN THE ORIGINAL FUND AGREEMENT, THE REVIEW COMMITTEE FOR THE DAN TREDWAY MEMORIAL EXCELLENCE IN TEACHING AWARD WAS REQUIRED TO BE ANONYMOUS ALTHOUGH THE MEMBERS MAY HOLD SPECIFIC POSITIONS IN THE SCHOOL DISTRICT, (SUPERINTENDENT, WINNER FROM PREVIOUS YEAR, TEACHER REPRESENTATIVES FROM SPECIFIC SCHOOLS, ETC) MANY CHANGE EACH YEAR. IN ORDER TO COMPLY WITH CURRENT LAW, AND TO MAINTAIN DONOR INTENT, THE BOARD OF THE FOUNDATION HAS GIVEN THE AUTHORITY TO THE EXECUTIVE DIRECTOR TO ASSURE COMPLIANCE WITH THE PENSION PROTECTION ACT. THE NAMES OF THE COMMITTEE ARE PLACED IN THE FILE AND THE EXECUTIVE DIRECTOR AFFIRMS THAT DUE DILIGENCE WAS PERFORMED TO ENSURE THAT THE COMMITTEE COMPOSITION IS AS INTENDED AND IN COMPLIANCE WITH THE LAW AND THE COMMITTEE REMAINS ANONYMOUS TO THE PUBLIC. PART IV - ADDITIONAL SUPPLEMENTAL INFORMATION EXPLANATION: ADDED TO DUE DILIGENCE PROCESS TO COMPLY WITH THE 2006 PENSION PROTECTION ACT: IF AT ANY TIME A GRANT RECOMMENDATION IS FOR AN ORGANIZATION THAT OTHER THAN A 501(C)(3), ADDITIONAL RESEARCH AND ASSESSMENT WILL BE UNDERTAKEN (EXPENDITURE RESPONSIBILITIES) TO DETERMINE THE EXACT TAX-EXEMPT CLASSIFICATION OF THE ORGANIZATION. AS NECESSARY, THE EXECUTIVE DIRECTOR WILL CONDUCT A PRE-GRANT INQUIRY TO DETERMINE IF THE PURPOSE FOR WHICH THE GRANT IS BEING RECOMMENDED IS CHARITABLE, THE GRANTEE IS ABLE TO PERFORM THE PROPOSED ACTIVITY, THE GRANTEE MAINTAINS SEPARATE ACCOUNTS FOR CHARITABLE AND NON-CHARITABLE FUNDS, AND THE FOUNDATION WILL REQUIRE THAT FOLLOW-UP REPORTS BE PROVIDED ON THE USE OF THE GRANT RECEIVED. IF THOSE REQUIREMENTS ARE SATISFIED, THE BOARD MAY CONSIDER THE RECOMMENDATION. AT THIS TIME, GRANTS TO SUPPORTING ORGANIZATIONS ARE NOT ALLOWED FROM DONOR ADVISED FUNDS AT THE CFGV. IF OUR POLICY REGARDING SUPPORTING ORGANIZATIONS SHOULD CHANGE, ANY CONTROL OR CONNECTION TO THE DONOR ADVISOR OR HIS APPOINTEE WILL ALSO BE IDENTIFIED AND DISCLOSED AT THAT TIME. SINCE THE RECOMMENDED GRANTEE WOULD NOT BE WITHIN THE TAX CLASSIFICATIONS THE FOUNDATION WISHES TO SUPPORT THROUGH ITS DONOR-ADVISED FUND PROGRAM, AND SINCE THESE SPECIAL EXPENDITURE RESPONSIBILITIES REQUIRE ONGOING EFFORT AND STAFF ATTENTION, THE BOARD MAY DECLINE THE GRANT RECOMMENDATION AT ANY POINT. THE ADVISOR WILL, OF COURSE, BE NOTIFIED PROMPTLY AND ALTERNATE CHOICES DISCUSSED. X 15 1489091 false true false FORM 990, PART VI THE FOUNDATION'S FINANCIAL GUIDELINES CALL FOR REVIEW OF THE FORM 990 BY THE BOARD PRIOR TO SUBMISSION. THE AUDIT COMMITTEE MAKES A PRESENTATION TO THE BOARD AT A REGULAR BOARD MEETING OR VIA ELECTRONIC COMMUNICATION PRIOR TO FILING THE DOCUMENT. FORM 990, PAGE 6, PART VI, LINE 11B THE FOUNDATION'S FINANCIAL GUIDELINES CALL FOR REVIEW OF THE FORM 990 BY THE BOARD PRIOR TO SUBMISSION. THE AUDIT COMMITTEE MAKES A PRESENTATION TO THE BOARD AT A REGULAR BOARD MEETING PRIOR TO FILING THE DOCUMENT FORM 990, PAGE 6, PART VI, LINE 12C EACH JANUARY, EVERY MEMBER OF THE BOARD AND STAFF ARE GIVEN BOTH THE CONFLICT OF INTEREST AND DISCLOSURE POLICIES TO REVIEW AND EACH FILLS OUT A NEW CONFLICT OF INTEREST AND DISCLOSURE FORM AND SIGNS THOSE FORMS. AT MEETINGS, MEMBERS ARE FREQUENTLY ASKED IF THERE ARE CONFLICTS OR AND ANY CONFLICT IS NOTED IN THE MINUTES. WHEN A CONFLICT EXISTS, THE PERSON WITH THE CONFLICT MAY TAKE PART IN THE CONVERSATION BUT MAY NOT VOTE ON THE ISSUE AT HAND. THIS FOUNDATION IS VERY SENSITIVE TO EVEN THE PERCEPTION OF A CONFLICT.IN GRANT AND SCHOLARSHIP REVIEWS, IF THERE IS A CONFLICT OF INTEREST, THE PERSON LEAVES THE ROOM DURING DISCUSSION AND DOES NOT VOTE. FORM 990, PAGE 6, PART VI, LINE 15A THE GOVERNANCE AND FINANCE COMMITTEES REVIEW COMPENSATION OF SIMILAR SIZE ORGANIZATIONS USING INTERNET AND PUBLISHED DATA; THEY THEN LOOK AT OTHER NONPROFITS IN OUR SERVICE AREA, DETERMINE WHAT OUR BUDGET LIMITATIONS ARE AND RECOMMEND TO THE BOARD A NUMBER FOR THE COMPENSATION OF THE EXECUTIVE DIRECTOR. FORM 990, PAGE 6, PART VI, LINE 15B THE GOVERNANCE AND FINANCE COMMITTEES REVIEW COMPENSATION OF SIMILAR SIZE ORGANIZATIONS USING INTERNET AND PUBLISHED DATA; THEY THEN LOOK AT OTHER NONPROFITS IN OUR SERVICE AREA, DETERMINE WHAT OUR BUDGET LIMITATIONS ARE AND RECOMMEND TO THE BOARD A NUMBER FOR THE COMPENSATION OF THE EXECUTIVE DIRECTOR. FORM 990, PAGE 6, PART VI, LINE 17 MICHIGAN, MINNESOTA, MISSISSIPPI, NEVADA, NEW HAMPSHIRE, NEW JERSEY, NEW MEXICO, NEW YORK, NORTH CAROLINA, NORTH DAKOTA, OHIO, OKLAHOMA, OREGON, PENNSYLVANIA, RHODE ISLAND, SOUTH CAROLINA, TENNESSEE, VIRGINIA, WASHINGTON, WEST VIRGINIA, WISCONSIN FORM 990, PAGE 6, PART VI, LINE 19 FORM 990, PART VI, SECTION C, LINE 19: THE FOUNDATION MAINTAINS A PUBLIC BOOK WITH GOVERNING DOCUMENTS, AUDITS AND FORM 990 THAT ARE AVAILABLE TO THE PUBLIC AND PUBLISHES ITS STATEMENT OF ACTIVITIES ON THE WEBSITE AND IN THE ANNUAL REPORT. THE WEBSITE DIRECTS INTERESTED PARTIES TO GUIDESTAR FOR THE FULL 990. FORM 990, PART XI, LINE 9 AGENCY CONTRIBUTIONS -2,126,342 AGENCY INVESTMENT RETURNS -64,848 AGENCY REALIZED GAINS 33,639 AGENCY GRANTS 32,040 TOTAL -2,125,511