2828 Corbett Inc

“The form 990 is carefully reviewed in draft form by the members of the foundation's audit committee. Moss adams, the tax preparer, attends the audit committee meeting and discusses the form 990 in detail with the audit committee. All reviewers are given time to respond to any revisions. After incorporation of all revisions and prior to filing, the final form 990 is sent electronically to all members of the board of trustees, with an e-mail calling their attention to portions of the form most likely to be read by the public and funders.”

“The purpose of the conflict of interest policy is to protect 2828 corbett inc's interest when it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer or trustee of the company. Pursuant to the conflict of interest policy any interested person must disclose the existence of his or her financial interest and must be given the opportunity to disclose all material facts to the board president and to trustees and members of committees with board delegated powers considering the proposed transaction or arrangement. The determination whether a conflict of interest exists shall be made by the board of trustees. Pending such determination, the interested person shall recuse himself or herself from participation in the review of and voting upon the transaction or arrangement in which that person has a possible conflict of interest. If a more advantageous transaction or arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the board shall determine by a majority vote of the disinterested trustees whether the transaction or arrangement is in the company's best interest and for its own benefit and whether the transaction is fair and reasonable to the company and shall make its decision as to whether to enter into the transaction or arrangement in conformity with such determination. The board monitors the coi via an annual distribution of questionnaires to all officers, trustees and key employees. If the board determines that an interested person has failed to disclose an actual or 2828 corbett inc. 20-2021524 possible conflict of interest, the board shall take appropriate disciplinary and corrective action. Each trustee, principal officer and member of a committee with board delegated powers annually shall sign a statement which affirms that such person has received a copy of the conflict of interest policy, has read and understands the policy, has agreed to comply with the policy, and understands that the company is a charitable organization and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

“In june 2023, the executive committee, comprised of independent members of the board of trustees, approved the compensation of the president/ceo. Annually as part of the budget process, the finance committee and subsequently the board of trustees, reviews and approves the compensation of all foundation employees including the ceo, other officers, and key employees. Compensation for all employees of the organization is determined using compensation data from salary surveys and 990 filings for similar positions and organizations in oregon and nationally; and as appropriate the local labor market for similar positions in the private sector and governmental organizations. The board's process and decisions are documented in the board minutes.”

“Financial statements, governing documents and certain policy statements, including the conflict of interest policy, are available upon request.”