Bob Woodruff Family Foundation Inc

“Executive committee is composed of the chairman, vice-president, secretary and treasurer of the board. The executive committee has full power of the board during intervals between board meetings on any matters requiring action by the directors, subject to limitations outlined in the bylaws.”

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“The form 990 is prepared by the organization's public accounting firm based on information provided by the organization. Once the draft is available, it is provided to management for their review with any comments or corrections being incorporated into the filing. The finance committee then reviews the form 990 in conjunction with the foundation's audited financial statements making comparisons for consistency and accuracy. A complete copy of the 990 is then provided to all members of the governing body before it is filed.”

“On an annual basis, the organization's conflict of interest policy is reviewed, and each board member affirms their understanding of the conflict of interest policy and their responsibility for compliance. The chief executive officer and director of operations shall annually review all such declarations and advise the board of directors concerning potential conflicts indicated by the declarations, if any. Individuals determined to have a conflict of interest will be excluded from any discussion and/or approval of related transactions. Proceedings relating to a conflict of interest are documented in writing in board minutes.”

“The compensation of the chief executive officer is reviewed and approved by the executive committee. The executive committee reviews comparable salary data from several sources to ensure the compensation is in line with similar organizations. The decision is documented via email communications between committee members. This was most recently completed in 2024. The compensation of other officers is determined by the chief executive officer in consultation with the board chair and committee members. Comparable salary data from several sources is used to ensure compensation is in line with similar organizations and job descriptions. The process described here was last completed in 2024.”

“The form 990 is available upon request and on the organization's website. The form 1023 is available upon request.”

“The organization's financial statements are available upon request and on the organization's website. The governing documents and conflict of interest policy would be available upon request.”

“Peo services: program service expenses 0. Management and general expenses 30,127. Fundraising expenses 0. Total expenses 30,127. Program services: program service expenses 24,723. Management and general expenses 0. Fundraising expenses 0. Total expenses 24,723. Communication services: program service expenses 220,932. Management and general expenses 84,057. Fundraising expenses 25,508. Total expenses 330,497. Temporary services: program service expenses 20,900. Management and general expenses 78,680. Fundraising expenses 0. Total expenses 99,580. Other professional fees: program service expenses 2,425,080. Management and general expenses 61,477. Fundraising expenses 458,407. Total expenses 2,944,964.”

“The organization has not changed its oversight process or selection process for the audit during the year.”