Clemmons Community Foundation Inc

“The articles and bylaws were updated and filed to: a) improve structural alignment with community foundation best practices and b) include provision for board of directors employing a ceo and to permit delegation of operational decisions from the board to the ceo, with decisions guided by board policies.”

“The foundations treasurer, a cpa, completes the 990, which the ceo reviews. Once finalized, the completed 990 is reviewed by all board members prior to filing.”

“All directors, staff, and volunteers are required annually to complete a form disclosing all interests. Further, these individuals are required to remove themselves from discussion and any voting if a conflict is identified. The treasurer and staff monitor disclosures and any potential conflict of interest, with reminder, if needed, of necessary recusal.”

“The foundations first ceo was hired in the 2017-2018 fiscal year. Compensation was determined by the board based on a review of field salary survey reports (council on foundations), and local comparable positions, and candidate experience. The executive committee is charged with initiating the ceos annual performance review, which will be completed in the next fiscal year upon completion of one year of employment.”

“The board has a policy to avail its governing documents, conflict of interest policy and financial statements available upon request. Further, the foundation is registered with the north carolina state solicitation licensing branch, where documents are also on file. No requests for any of these documents have been made.”

“The board approved an annual review/audit beginning 2018-2019 and used 2017-2018 to work with its cpa board members to prepare for the audit, and formed a standing audit committee of the board.”

“In partnership with love out loud, initiated exploration of yadkin county community needs, and property restoration and community use in east bend, nc; also conducted expansive clemmons-lewisville community needs assessment; and a community-based competitive grants program.”

“Based on assessment in 2017, revised organizational documents and infrastructure to better align with community foundation best practices and to make provisions to hire a ceo, hired ceo, established a physical office, and revamped grant-making process and procedure.”

“Consultants 44,275contract services 5,000 ------total 49,275 program consultants engaged by the board of directors to conduct a community needs assessment and guide a programming strategic plan. A portion of fees also allocated to management costs for the consultant assistance in the ceo search process.”

“Supplies 6,450meals 591 ----total 7,041”