Cedar Rapids Public Library Foundation

“The Foundation board amended its articles of incorporation and bylaws to clarify the CRPL Foundations purpose is to support the Cedar Rapids Public Library. Additional amendments were approved to ensure no further changes or amendments could be made to either governing document without the affirmative vote of a majority of the board, one of whom must be a Library Trustee representative.”

“A copy of the Form 990 was given to the finance committee for their review. The final version of the 990 was submitted to the entire board for approval prior to filing the return.”

“The copy of the conflict of interest statement is furnished to each director, volunteer committee member, and employee of the cedar rapids public library foundation, and each such person is required to annually execute a declaration disclosing any relationships or memberships which may present a potential conflict of interest, or an appearance of a conflict, and shall indicate that he/she has read, understands, and agrees to adhere to the policy as stated.the executive commitee of the board of directors is responsible for evaluation of any potential conflicts of interest. In the event such conflict is considered to jeopardize the status of the foundation, the committee is responible for making recommendations to the board of directors regarding a disposition. Signed conflict of interest forms are kept on file for a one year time period until new forms are signed.”

“The board of directors meets annually with the executive director to conduct a performance review and make recommendations for compensation adjustments. All adjustments are voted on and approved by the board of directors.”

“The organization makes its governing documents available for public inspection on the library's web site. The organization makes its financial statements available to the public upon request.”

“The foundation has no committees with authority to act on behalf of the governing body.”

“The organization reimburses the city of cedar rapids for the salary and benefit expense of the executive director.”

“Allowance for bad debt adjustment = $13560”

“Review oversight committee: no change from prior year.”

“The organization is currently classified as a Type I supporting organization as described in section 509(a)(3). DURING THE TAX YEAR, THE BOARD OF DIRECTORS DETERMINED THE ORGANIZATION IS PUBLICLY SUPPORTED AND SHOULD BE CLASSIFIED AS AN ORGANIZATION THAT NORMALLY RECEIVES A SUBSTANTIAL PART OF ITS SUPPORT FROM A GOVERNMENTAL UNIT OR FROM THE GENERAL PUBLIC DESCRIBED IN SECTION 170(b)(1)(A)(vi). The organization HAS FILED FORM 8940 requestING to change the classification to that of an organization described in section 509(a)(1).”

“The organization reimburses the city of cedar rapids for the salary and benefit expense of the executive director as well as other expenses necessary for the administration of the organization.”