Community Foundation of the Gunnison Valley

“The foundation's financial guidelines call for review of the form 990 by the board prior to submission. The audit committee makes a presentation to the board at a regular board meeting or via electronic communication prior to filing the document.”

“Form 990, part vi, section b, line 11b: the foundation's financial guidelines call for review of the form 990 by the board prior to submission. The audit committee makes a presentation to the board at a regular board meeting prior to filing the document”

“Form 990, part vi, section b, line 12c: each january, every member of the board and staff are given both the conflict of interest and disclosure policies to review and each fills out a new conflict of interest and disclosure form and signs those forms. At meetings, members are frequently asked if there are conflicts or and any conflict is noted in the minutes. When a conflict exists, the person with the conflict may take part in the conversation but may not vote on the issue at hand. This foundation is very sensitive to even the perception of a conflict.in grant and scholarship reviews, if there is a conflict of interest, the person leaves the room during discussion and does not vote.”

“Form 990, part vi, section b, line 15: the governance and finance committees review compensation of similar size organizations using internet and published data; they then look at other nonprofits in our service area, determine what our budget limitations are and recommend to the board a number for the compensation of the executive director.”

“Form 990, part vi, line 15b - compensation review & approval process the governance and finance committees review compensation of similar size organizations using internet and published data; they then look at other nonprofits in our service area, determine what our budget limitations are and recommend to the board a number for the compensation of the executive director.”

“Michigan, minnesota, mississippi, nevada, new hampshire, new jersey, new mexico, new york, north carolina, north dakota, ohio, oklahoma, oregon, pennsylvania, rhode island, south carolina, tennessee, virginia, washington, west virginia, wisconsin”

“Form 990, part vi, section c, line 19: the foundation maintains a public book with governing documents, audits and form 990 that are available to the public and publishes its statement of activities on the website and in the annual report. The website directs interested parties to guidestar for the full 990.”

“Agency contributions -25,000 agency investment returns -18,351 agency realized gains -416,440 agency grants 35,477 agency contributions/grants, net 0 total -424,314”