Harding Rock Fund

“The organization does not have "members" by definition of the bylaws; however, the form 990 instructions also define "member" as any person (including a corporation) with the power to appoint members of the governing body. As such, harding rock fund has one sole member, tides foundation, who has the power to appoint members of the governing body.”

“Upon the expiration of the term of each director appointed by tides foundation (which currently makes up 2 out of the 3 voting positions on the governing body), his or her successor shall be appointed by tides foundation.”

“The articles of incorporation of harding rock fund may be amended only with the approval of tides foundation. Additionally, sections 6.3(c), 6.3(d) 6.6(a)(ii), 6.6(c),6.6(d), and article 16 of the bylaws may only be amended with the consent of tides foundation.”

“The form 990 is prepared by an independent tax accountant based off financial statements collected from the organization. A draft form 990 is prepared and reviewed by the accounting and finance staff of the supported organization, who is charged with overseeing operations of harding rock fund. A complete copy of the form 990 is made available to all members of the governing body prior to filing with the internal revenue service.”

“The organization has no compensated employees; as such, form 990, part vi, section b, lines 15a and 15b have been marked "no", as consistent with the form 990 instructions.”

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

“Other professional services: program service expenses 0. Management and general expenses 5,500. Fundraising expenses 0. Total expenses 5,500.”