Inland Empire Community Foundation

“The organization updated its Bylaws to amend certain sections, namely: -Provisions to votes necessary for specific actions, such as an amendment or apeal of Artlicles or Bylwas -Method of document and records retention -Employees catagorized as officers of the organization”

“The Form 990 review process starts with a presentation by the tax preparer to the Audit Committee, the CFO, and the President of The Inland Empire Community Foundation. Once satisfied with the completion of the Form 990, the draft will be made available to the Board of Directors via the IECF Board Member Portal and the audit committee will make a recommendation that the Executive Committee or the Board of Directors accept the Form 990 for filing. The forms will be signed by the CFO or the President and filed with the Internal Revenue Service.”

“Conflict of Interest forms are distributed to all staff and members of the Board of Directors of The Inland Empire Community Foundation annually. The forms are signed by officers and directors, then collected and reviewed by the CFO and the President. Items of note (if any) are brought to the attention of the Executive Committee for follow-up.”

“The Compensation Committee gathers appropriate salary survey information from organizations including, but not limited to, the Council on Foundations, the League of California Community Foundations and others. Local conditions are also taken into account. The Compensation Committee makes a recommendation to the Executive Committee regarding CEO and staff pay ranges, and specifically about CEO pay and other benefits. The Executive Committee has Board authorization to determine the President and CEO's compensation package, within ranges approved by the Board. The President and CEO determines the annual salaries of other officers and key employees using the ranges approved by the Compensation Committee.”

“Once the Foundation's Audited Financial Statements have been accepted by The Board of Directors, they are posted to the Foundation's website as well as on Guidestar, a nonprofit database. Once the Form 990 and 990-T (if applicable) are filed with the Internal Revenue Service, public copies of the completed forms are posted on the Foundation's website and also uploaded to Guidestar. The current forms, as well as prior year forms, and other governing documents are also available at the Foundation's office upon request; as is the Foundation's Conflict of Interest Policy.”

“Program consultants: Program service expenses 3,365,104. Total expenses 3,365,104. Other consultatns: Program service expenses 370,477. Management and general expenses 18,766. Fundraising expenses 115,584. Total expenses 504,827.”

“Change in value of split-interest agreements 101,857. Agency Fund Share of Investment Income -2,039,426. Management fees 179,152. Support from agency funds -832,350. Agency fund expense 976,037.”