Jules Weber Foundation

“The organization is administered by societe culinaire philanthropique, inc, a related organization.”

“The organization has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by management and is ready to be filed with the internal revenue service, it is electronically sent to the board members of the organization for any comments. Any comments are then grouped summarized and provided to the outside accountants. Each issue is documented and addressed until the return is finalized and approved for filing.”

“Conflict of interest policy governs the activities of the board and staff of the organization. Questions about the policy should be directed to the executive committee. It is the duty of all board members and staff to be aware of this policy, and to identify conflicts of interest and situations that may result in the appearance of a conflict and to disclose those situations/conflicts/or potential conflicts to (i) the employee's supervisor (ii) the executive committee, (iii) the chair of the board of trustees or (iv) the president, or other designated person, as appropriate. The conflict of interest policy provides guidelines for identifying conflicts, disclosing conflicts and procedures to be followed to assist organization manage conflicts of interest and situations that may result in the appearance of a conflict. A conflict of interest arises when a board member or staff member has a personal interest that conflicts with the interests of the organization. Board members and senior staff will annually disclose and promptly update any disclosures previously made on an annual conflict disclosure questionnaire form provided by the organization that requests them to identify their interests that could give rise to conflicts of interest. Board and staff are also urged to disclose conflicts as they arise as well as to disclose those situations that are evolving that may result in a conflict of interest. Advance disclosure must occur so that a determination may be made as to the appropriate plan of action to manage the conflict. Staff should disclose to their supervisor/executive committee and board members should disclose to the president or chair of the board of trustees as soon as the person with the conflict is aware of the conflict/potential conflict or appearance of a conflict exists. For each interest disclosed, the full board, or the executive committee, or the president, or the chair of the board of trustees, as appropriate, will determine whether the organization should: (a) take no action or (b) disclose the situation more broadly and invite discussion/resolution by the full board of what action to take, or (c) refrain from taking action and otherwise avoid the conflict. When the conflict involves a decision-maker, the person with the conflict ("interested party"): (i) must fully disclose the conflict to all other decision-makers; (ii) may not be involved in the decision of what action to take (e.g., may not participate in a vote) but may serve as a resource to provide other decision-makers with needed information. In some cases the person with the conflict may be asked to recuse him/herself from sensitive discussions so as not to unduly influence the discussion of the conflict. In all cases, decisions involving a conflict will be made only by disinterested persons. The fact that a conflict was managed and the outcome will be documented in the minutes of board meetings if the conflict was related to a board member, and reported by the executive committee to the president/chair of the board of trustees/other appropriate committee of the board (e.g., audit committee) if the conflict was related to a staff member. The financial committee will monitor proposed or ongoing transactions of the organization (e.g., contracts with vendors and collaborations with third parties) for conflicts of interest and disclose them to the board and staff, as appropriate, whether discovered before or after the transaction has occurred.”

“Form 990 is available to the public upon request and "guidestar.org"”

“No documents are available to the public.”

“Other from pass-thru investments 8,321.”

“The foundation maintains its accounts on the cash basis of accounting modified to reflect the appreciation (depreciation) of its marketable securities. Consequently, under the modified cash basis of accounting, certain revenue and the related assets are recognized when received, rather than when earned and certain expenses are recognized when paid, rather than when the obligation is incurred. The modified cash basis of accounting is a basis of accounting other than accounting principles generally accepted in the united states of america ("u.s. Gaap").”

“The organization has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. The process has not changed from the prior year.”