Linfield Foundation Inc.

“The Linfield Christian School board members must vote to approve all Linfield Foundation Board members and shall have the right to appoint up to one-third of the Linfield Foundation board members.”

“Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990 is then provided to the Finance Committee with Schedule B redacted for review prior to filing with the IRS.”

“The organization requires all board members to annually complete and sign a conflict of interest questionnaire. The board scribe is responsible for reviewing the signed statements and ensuring board members are in compliance with the conflict of interest policy. Should any potential conflicts of interest be disclosed, the board scribe would notify the board chairman and that board member would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship. Officers who are also employees of related party Linfield Christian School are required to report any conflicts of interest as part of their annual employment update.”

“The Linfield Foundation is a related party of Linfield Christian School. As such, the compensation paid to the Foundation's officers is paid by the School. The Foundation makes no direct payments to any of its officers or directors which makes this question not applicable. Please refer to Form 990, Part VII and Schedule R for more information on the relationship between both entities.”

“The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”

“Linfield Foundation does not have any employees. Therefore, the organization has elected not to adopt a whistleblower policy at this time. If the Foundation has employees in the future, the implementation of a whistleblower policy will be considered.”

“The reporting of salaries and wages on Form 990, Part VII, Line 7 represents an allocation of Linfield Christian School, a related organization, staff working for the Foundation.”

“In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 06/30/2019. The 2018 Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reproted the revised net asset categories from the audited financial statements as follows on Form 990, Part X, Lines 27-29: Line 27 - Net assets without donor restrictions -$853,277 Line 29 - Net assets with donor restrictions $114,350 Total net assets -$738,927”

“The organization has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year.”