Grantmakers for Education

“The finance and administration committee reviewed and discussed the return with the director of finance and business. A copy of the return was made available to the full board of directors for review prior to filing.”

“Board and staff members complete and sign a questionnaire annually to identify any actual or potential conflicts of interest. The information contained in this form will determine if any actual conflict of interest exists, gfe policy requires the board to obtain disclosure of the financial interest and or all material facts, and to determine (in the absence of the interested party) whether a conflict exists. Gfe policy outlines a set of procedures for addressing any conflicts that are determined.”

“An annual review of the executive director is conducted by the executive committee of the board. The executive committee conducts a comparative executive salary review benchmarking peer organizations and reviewing organizational salary history as well as performance review findings to develop a compensation recommendation. The executive committees recommendation is presented to the full board for final approval.”

“The board of directors determines the executive director's salary after researching comparable positions.”

“Reasonable requests for organizational forms 990 are furnished upon request. The organization's forms are also available online through guidestar.”

“Reasonable requests for financial statements and governing documents are furnished upon request.”

“Other program services 4: member service and strategic initiatives: provide individualized technical assistance and field-mapping to help grantmaking organizations refine their strategies and to connect them with other peer grantmaking organizations for peer assistance and collaboration opportunities.”

“In accordance with generally accepted accounting principles, revenues are recognized in the period received, or unconditionally pledged. Since these revenues may be distributed over multiple years during a programs life cycle the process can create potential fluctuations in surpluses and deficits as a result of the planned expenses being recognized in the period used.”