San Antonio Area Foundation Group Return

“David, ambrose, and freda robinson - family relationship curtis and lee gunn and mary walden - family relationship kymberly and george rapier - family relationship jack, laura, clay, john, and steve richmond - family relationship”

“The board of directors of san antonio area foundation appoints the majority of all members of the board of directors of all entities under the group exemption.”

“The board of directors of san antonio area foundation has approval power of certain decisions taken by the supporting organizations, including decisions to amend the governing documents.”

“Prior to a form 990 review performed by an independent accounting firm with the foundation's audit committee, all committee members received a copy of the form 990. Once accepted by the audit committee, a copy of the form 990 was provided to each member of the board of directors before filing with the irs.”

“The real estate supporting organizations are in the process of adopting the conflict of interest and document retention policies. For all other entities under the group exemption, at the first annual board meeting of every supporting organization, each member signs an annual conflict of interest form. Each entity under the group exemption has a written conflict of interest policy that requires all members of the board of directors to annually disclose potential conflicts of themselves and their family members on a questionnaire. The questionnaires are reviewed for conflicts. Any questionnaires that disclose potential conflicts are brought before the respective board of directors for review. No member with a financial conflict shall evaluate or vote on any matter in which he or she has a financial conflict of interest and shall not use his or her personal influence with other responsible members to approve or disapprove any action by the foundation related to the matter.”

“The san antonio area foundation uses the ceo evaluation form received from the council on foundations. The foundation provides the evaluation document along with the accomplishment report to each member of the board of directors for completion. All replies are sent directly to a single member of the governance committee to compile in a report for the committee chair to review. The governance committee chair meets with the board chair to review the compilation. The compilation is then presented to the remaining members of the board of directors in an executive session. The board chair meets with the ceo to address any issues. In regard to other officers and key employees, the ceo prepares a human resources analysis that includes a council on foundations compensation summary with the most recently available base salaries. The ceo uses this information to make salary recommendations for all staff, which are reviewed and approved by the finance committee and the board of directors.”

“The governing documents, conflict of interest policy, financial statements and form 990 of the entities are available upon request.”

“Dennis noll serves the following roles for entities under the group exemption: -board director, friends of the carver -secretary/treasurer, richmond family foundation -vice president, jls charitable foundation -chief executive officer, san antonio area foundation as the president/ceo of san antonio area foundation, the group ruling holder, he serves as the president/ceo over all subordinates in the group exemption.”

“The k foundation's activity is no longer consolidated with the other supporting organization's activity. There was no economic interest in the k foundation according to gaap guidance.”

“Interfunds elimination (income statement) 3,445,352. Change in value of investments 11,365,755.”

“The financial statements were audited on a consolidated basis. The audit committee assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed from prior year.”