Orange County Community Foundation

“A draft of the tax return is reviewed by the cfo and the ceo. Recommended changes are discussed with the paid preparer and reflected on the return. The revised draft is emailed to the audit committee for their review and comments received are discussed with the paid preparer and reflected on the return as deemed appropriate. The board receives a copy of the return prior to filing and any comments received are reflected on the return as deemed appropriate.”

“All board members, officers, and key employees are covered under orange county community foundation's conflict of interest policy and annually complete a conflict of interest form. In addition, the first agenda item for all board and board committee meetings is a declaration regarding any potential conflict based on the agenda. Any potential conflict is discussed at that time. Board members with a conflict regarding grant approvals are not permitted to vote or act on a related topic that would give rise to a conflict. Board members with a conflict other than grant approvals are not present during the discussion or voting on the topic.”

“Compensation approval for the president & ceo includes the following: evaluations are completed by each member of the board; the independent compensation committee reviews the results of the evaluations and the comparability data obtained to determine compensation. The compensation committee then makes a recommendation to the board for approval. The approval is documented in the board minutes. This process was last completed june 21, 2023. Compensation for the cfo is reviewed in detail by the finance committee serving as the compensation committee and approved by the board. Comparable data is obtained and the approval process is documented. This process was last completed on june 14, 2023. A compensation study evaluating all positions but the president and ceo was completed in april 2022. Comparability data is reviewed for all positions to ensure compensation is within an acceptable range. In addition, annual performance evaluations are completed for all employees.”

“Form 990 and 990-t are available on the organization's website and upon request. Form 1023 is available upon request.”

“The audited financial statements are available on the organization's website and upon request. The governing documents and conflict of interest policy are available upon request, and are emailed to the requestor.”

“Transforming our community's heartfelt intention into greater impact for good.”

“K-1 passthrough 1,018,060. Other changes in net assets 15,364.”