Licking County Foundation

“Form 990 review - form 990 is reviewed by the governing committee prior to filing.”

“Monitoring and enforcement of conflict policy - annually, the director provides the organization's conflict of interest policy and conflict of interest statement and disclosure to each governing committee member, staff member, and committee member (who is not a board member) to read and complete the conflict of interest statement. Disclosure documents are reviewed by the director. Any potential conflicts are brought to the attention of the governing committee for enforcement. A notebook is compiled of all statements and disclosures for ready access and reference. At the beginning of each board meeting, governing committee members are asked to disclose any new interests or affiliations.”

“Compensation review and approval - in 2015, the human resources committee reviewed the annual salary survey provided by the council on foundation for recommending the compensation of the director, financial officer, program officer, donor services officer, and office administrator. The governing committee also reviewed this comparability data for approving the compensation for these positions. All of these deliberations were documented in the committee and board meeting minutes.”

“Availability of documents - governing documents, policies, and financial statements are available for public inspection upon request as stated on the organization's website.”

“Providing form 990 to board members - the foundation believes that donor information is confidential and has chosen to redact the names and addresses of donors from schedule b for the version of form 990 that is given to the board. As such, we are required to respond "no" to the question on line 11a of part vi even though form 990 was distributed to the board members with information redacted from schedule b.”

“TRANSFER OF ASSETS TO LICKING COUNTY FOUNDATION, INC., A RELATED SEC. 501(c)(3) ORGANIZATION -65,197,406.”

“Supplemental info. For the audit committee - the audit committee is chaired by the foundation's past chairman and comprised of non-board member volunteers. The committee provides oversight into the organization's accounting and financial reporting, and oversees the organization's annual audits, selection of an independent auditor, form 990 preparation, ethics, adequacy of internal controls, proper authorization of activities and expenditures, compliance with policies, and development of new policies.”