Clemmons Community Foundation Inc

“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 is completed annually.”

“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 formed a standing audit committee composed of three board members and approved a review of the financial statements for year ended june 30, 2019. In years following an annual audit of the financial statements will be performed.”

“Initiated and supported programs where needs identified. In this year, specifically supported the startup of leadership lewisville-clemmons and supported the work of the interfaith alliance in the activities supporting students in public schools. Also started a college readiness and access program for high school students in yadkin county.”