Greater Horizons

“Per the IRS instructions, certain business relationship between the organization's current officers, directors, trustees, or key employees, as reported in Part VII, Section A, must be disclosed. Because of the interrelated nature of the filing organization with its related entities (as disclosed on Schedule R), all of the officers and directors have overlapping responsibilities and thus have a business relationship.”

“The greater kansas city community foundation's executive committee is appointed as the board of directors of greater horizons. The community foundation is a related, tax-exempt organization.”

“By serving as the board of directors of greater horizons, the greater kansas city community foundation's executive committee is authorized to make governance decisions for the organization.”

“An independent accounting firm prepares and reviews the 990. The 990 is then reviewed by the organizations officers and accounting personnel. Any questions or concerns the organizations officers and accounting personnel have are addressed and any corrections or clarifications made. A copy of the 990 is presented to the Greater Kansas City Community Foundation Audit Committee for review and acceptance prior to filing. The Greater Kansas City Community Foundation Audit Committee reports directly to the Greater Kansas City Community Foundation Board of Directors on the status of their review. A final copy is made available to the board of directors following review by the audit committee.”

“Annually, each officer, board member and committee member are asked to review the conflict of interest policy and update their disclosure. This information is available to the board chair and is used to ensure that should a conflict of interest arise that the board or committee member involved abstains from voting or participating in any decision.”

“Copies of documents are provided electronically or by mail upon request.”

“The organization's governing documents, conflict of interest policy and financial statements are available upon request.”

“Greater horizons is a leading provider of charitable giving services, offering custom solutions to a wide range of philanthropic clients, including individuals, families, companies and community foundations. Greater horizons is powered by the greater kansas city community foundation. The community foundation created greater horizons in 2004, to serve those who wish to use the community foundation's products and services under a national entity.”

“Change in funds held for others $ (73,426,728) change in charitable remainder trust liability $ 450,303 k-1 flowthrough ubi & other (income)/loss $ 332,670 --------------- $ (72,643,755)”