The James Beard Foundation Inc.

“After the form 990 was prepared and completed by our independent accountants (with input and support by the organization's financial staff), and prior to filing with the irs, the ceo and cfo of the organization reviewed the prepared form 990. The prepared form 990 is then shared with the audit committee of the board of directors - whose charter includes their "oversight of the corporation's tax and regulatory filings" - for their review. After the form 990 was reviewed by these above referenced officers and members of the audit committee, a copy of the final form 990 (including all required schedules) was distributed to all voting members of the board of directors prior to filing with the irs.”

“The chairman of the board of directors directs the annual distribution of conflict of interest forms to all trustees and officers, and retains completed and signed assurances of their continued compliance with the required conflicts of interest restrictions. Any situation that involves, or may reasonably be expected to involve, a conflict of interest with the organization and is not otherwise provided for in this policy should be disclosed promptly to the chair of the committee. If the committee or the board of trustees determines that a transaction would create a conflict of interest, the transaction is subject to approval in advance by the members of the board of trustees or applicable committee who do not have a conflict with respect to the transaction. Any key person having a conflict of interest will recuse him- or her- self from consideration of the transaction, i.e., the interested key person may not vote on the transaction or be present when the vote is taken, and the interested key person many not be present during any discussion of the transaction other than to answer questions.”

“Based on a review of the president/ceo's performance (and her submission of a written narrative documenting her performance for the previous year), an independent compensation committee of the board of directors makes annual recommendations to the executive committee, and to the entire board of directors, for review and approval of any increase (or maintenance) of the president's compensation, which is documented contemporaneously.”

“The organization posts on its own website all financial statements (immediately upon completion of the annual audits), as well as the current 990, its conflict of interest policy, and its code of conduct, ethics and governance.”

“Other consulting services: program service expenses 2,285,082. Management and general expenses 283,236. Fundraising expenses 11,500. Total expenses 2,579,818.”

“The organization did not change its oversight process or selection process during the tax year.”