Community Foundations National Standards Board

“The organization does not have any committees with authority to act on behalf of the governing body.”

“The 990 has been reviewed by the organization's executive leadership and has been provided to all members of the organization's governing board with an opportunity to comment or ask questions prior to filing.”

“Cfnsb board members, officers, and key employees must annually disclose, in full, the name of each business or nonprofit organization that has or reasonably expects to have any material interest in any proposed or existing contract, transaction or arrangement with cfnsb and in which he/she, his/her spouse or any member of their immediate family is a member, director, officer, employer or partner. Cfnsb's conflict of interest policy for board and staff, which all board members, officers, and key employees receive, provides that board members, officers, and key employees have a continuing obligation to report conflicts and must promptly report any conflict that has not previously been reported. Board members that are deemed to have a conflict of interest based on the above processes must abstain from participating in the discussion and vote on any transaction or item wherein a conflict exists. Officers and key employees are not permitted to participate in a decision regarding which they have a conflict of interest.”

“Cfnsb's governing documents, conflict of interest policy, financial statements, and the federal form 990 are available upon request for the same period of disclosure as set forth in section 6104(d).”

“Consultants and contract services: program service expenses 42,452. Management and general expenses 0. Fundraising expenses 0. Total expenses 42,452.”

“The form 990 is being amended to report changes to some of the financial information reported on the originally filed form 990. Amendments: part i, line 17, other expenses part iii, line 4a, expenses part ix, line 11g and schedule o, other fees part x, line 17, accounts payable and accrued expenses part xi, line 8, prior period adjustments schedule a, part i, line 12g, amount of monetary support schedule d, part x, line 2, uncertain tax positions”