The Findlay-Hancock County Community Foundation

“The board was provided a copy of the form 990 to review prior to filing the form 990. The board was given the opportunity to ask questions and provide comments about the form 990 to the president/ceo.”

“Annually officers, trustees, committee members, and employees are provided a copy of the foundation's "conflict of interest, confidentiality, and ethical principles policy". Each person that receives the policy is asked to sign a statement of affirmation regarding the policy and complete a questionnaire disclosing any conflict of interest. All questionnaires are reviewed by the chief financial officer for any possible conflicts. In the event of a conflict, the board member would abstain from voting. This would be documented in the board minutes.”

“Line 15a: the board of trustees actively monitors and evaluates the president. The board of trustees is responsible for hiring the president and managing performance. This includes setting goals, providing feedback and setting compensation. The board of trustees has empowered the board executive committee to manage this process as defined in the ceo evaluation process. The executive committee is comprised of the board chair, vice chair, treasurer, and secretary. The board and executive committee meetings were documented in meeting minutes. With the president transition occuring in 2020, the board created and staffed a search committee who engaged a search firm (waverly partners) to assist with the search. The search firm worked with the board to set a salary and benefits package for the president that reflected foundation compensation philosophy and was comparable to like positions. The board of trustees approved the compensation for the new president. The organization periodically hires a consultant to conduct a salary review. The consultant last reviewed the salaries in 2022 for implementation in january 2023. The executive committee reviews salary and benefit reports that are prepared by a human resources and employee benefits solutions firm. Base salary considers the contribution of each position to the foundation's overall goals. It also reflects the competitive compensation philosophy in the context of the foundation's role as a community and philanthropic leader. The foundation targets salary range midpoints to the market averager for the specific market in which it competes. Relative internal values for positions are determined through the use of the evaluation of each role, including scope and impact, latitude of action, working relationships, decision making and knowledge and skill. Line 15b: the same sources of information noted above are utilized to determine reasonable compensation and benefits for other employees. The board approves compensation as part of the annual budget process. The process described here was last completed in 2022”

“The organization's consolidated audited financial statements are provided for review upon request. The organization's annual report which is mailed to fund representatives and many donors includes a condensed consolidated statement of financial position and statement of activities. The board approves the operating budget for the following year in november. Quarterly, both the finance & investment committee and the board review internally prepared financial statements and year-to-date actual compared to year-to-date budgeted operating amounts. Quarterly the finance & investment committee meets with the organization's investment advisor to review investment results. The organization has a policy regarding the public availability of its governing documents and conflict of interest policy.”

“Membership & dues: program service expenses 6,035. Management and general expenses 3,684. Fundraising expenses 5,957. Total expenses 15,676.”

“Change in value of split interest agreements 1,085.”

“The audit committee is in charge of the oversight of the audit and selection of an independent accountant. The audit committee did not change its oversight process or selection process. The foundation's current audit firm has been performing the foundation's audit since 2009. There has been a rotation of the audit partner at least once every five years.”