Northern Chautauqua Community Foundation Inc.

“The by-laws of the foundation allow for up to 50 regular members. A member is to be any person who has demonstrated a knowledge or understanding of the educational, cultural, civic or charitable needs of the northern chautauqua county, ny region. Regular members are elected by a pluarality of the votes cast at the annual meeting of the membership. A member's term shall be three years, with no member being elected for more than three consecutive full terms. At december 31, 2023, there were 46 members.”

“Regular members of the foundation elect members of the board of directors by a plurality of the votes cast at the annual meeting of the membership.”

“A draft of form 990 is reviewed by the foundation's executive director, president, and treasuer. A copy of the 990 is also made available to all board members for review and comment prior to approval and filing.”

“The foundation has a written conflicit of interest policy. All board members and staff are required to disclose annually, any existing conflicts before election, appointment, or hiring and any conflicts that may arise thereafter. Disclosed conflicts of board members are addressed at meetings.”

“The independent executive committee reviews the compensation of the executive director and makes a recommendation to the full board of directors. The board then considers approval of the recommendation and the decision is documented in the executive session minutes.”

“The foundation's annual audited financial statements and form 990 are available on the foundation's website and are also available upon request at the foundation's office. Other governing documents and policies are also available upon request.”

“It is the mission of the foundation to enrich the area in which we live and work. To this end, the foundation has five primary goals: 1. To be a catalyst for the establishment of endowments to benefit the community both now and in the future; 2. To provide a vehicle for donors' varied interests; 3. To promote local philanthropy; 4. To serve as a steward of funds; 5. To provide leadership and resources in addressing local challenges and opportunities.”

“Individuals serving on the foundation's board of directors and various committees, along with others volunteering at foundation's events and fundraisers.”

“Net transfer from agency funds 2,100 change in csv 1,061 agency fund expenses 329,733 net revaluation gift annuity -633 agency fund revenue -870,114 total -537,853”