Peregrine Fund Inc

“The form 990 is prepared by an outside public accounting firm and reviewed by the audit committee and the executive board for approval. The form 990 is provided to the full board for review prior to filing with the irs.”

“Each director and officer with governing board-designated powers annually signs a statement which affirms they have received a copy of the conflict of interest policy, have read and understand the policy, have agreed to comply with the policy, and understand the peregrine fund is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one of more its tax-exempt purposes. To ensure the peregrine fund operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews are conducted. The reviews include whether compensation arrangements and benefits are reasonable based on competent survey information and the result of arm's length bargaining and whether partnerships, joint ventures, and arrangements with management organizations conform to the organization's written policies, are properly recorded, reflect reasonable investment or payments for goods & services, further charitable purposes and do not result in inurement, impermissible private benefit, or in an excess benefit transaction.”

“President/ceo compensation is determined by the board of directors annually. The president/ceo presents to the compensation committee chairperson a preliminary summary of activities/accomplishments for the year, with a request/recommendation for compensation changes, which is then followed by a meeting with the full committee. The compensation changes are carefully considered based on job performance, professional qualifications, experience, cost of living changes, and compensation levels provided by similar organizations, as well as the overall budget feasibility and reasonability of compensation levels requested. In a closed session, the compensation committee proposes their recommendations, and the board votes. This process was last undertaken in october 2025 to determine compensation levels.”

“Governing documents, conflict of interest policy, and financial statements are available to the public upon request. Requests should be submitted to the peregrine fund, administrative office, 5668 w. Flying hawk lane, boise, id 83709. Form 990 and audited financial statements are also available on the website www.peregrinefund.org.”

“The organization has a capital project construction contract to expand a condor ban with jordan-wilcomb construction, owned by a board member. Vice chair, and treasurer of the organization. The total sum of the original contract is for $1,061,000, but the contract, now completed, ended up totaling $904,000, for a savings of $157,000. As reported on schedule l, $458,730 was paid during the current fiscal year ($839,236 during the 2024 calendar year as reported on part vii, section b). The organization did implement its conflict of interest policies in determining that this firm was the appropriate entity to carry out this construction project.”