Richland County Foundation of Mansfield

“Membership meetings membership meetings shall be held at such location in richland county, ohio as determined by the corporation. A. Annual meeting the annual meeting of the members will be held in may of each year at such a time and place determined by the boad of trustees. B. Special meeting a special meeting of the members may be called by the chair of the board of trustees, or by the board of trustees by action duly taken for that purpose. Quorum the voting members at any meeting of members shall constitute a quorum. The vote of a majority of those present is necessary for the adoption of any matter voted on by the members.”

“The organization's form 990 is prepared by a certified public accountant with input from the organization's director of finance. The completed form 990 is reviewed by the director of finance, president and board chair. The completed form 990 is made available to the board of trustees, prior to mailing, for comment and questions. The form 990 is signed by the organization's president and filed. Throughout the year each governing board member receives complete quarterly financial statements, a year end audited financial statement and financial updates at each board meeting.”

“Each member of the board of trustees and key employees are required to submit, on a yearly basis, a conflict of interest questionnaire. Where a conflict of interest is deemed to be present, the impacted party is asked to leave the meeting room during discussion of the particular issue and abstain from voting on that particular matter. They may present information pertaining to the issue prior to discussion. All conflicts and abstentions are documented in the minutes of each applicable board or committee meeting.”

“The governing body of the organization, through its executive committee, approves the compensation for its ceo (president) after reviewing comparable salaries for similar positions in similar organizations. The governing body has also approved a job description, job requirements and salary ranges for this position. Richland county foundation is a member of philanthropy ohio and uses their annual salary survey along with survey information made availabe by council on foundations as a comparison for other community foundations of a similar size with adjustments by geographic region. Compensation of other local non-profit ceo's is also considered.”

“Similar criteria, as described were used to establish appropriate compensation ranges for its director of finance. The specific salary for this position, within the approved salary range and approved salary budget for all employees, is determined by the organization's president.”

“The organization prepares and widely distributes an annual report that includes information on the operation of the organization. This annual report includes year end financial statements. The annual report is mailed to the community at large, may be presented at the organizations annual meeting of members and made availabe on the organization's website. All governing documents, conflict of interest policy, form 990 and complete audited financial statements are made available to the public upon request. Additionally, the audited financial statements are found on the organization's website.”

“The mission of the richland county foundation is to improve the quality of life in richland county through strategic philanthropy and community leadership. Grants are distributed for charitable purposes in the areas of health, economic development, basic human needs, education, environment, and community services.”

“Change in gift annuity value 7,194”