Shrm Foundation Inc.

“The foundation has a strategic partnership agreement with the society for human resource management (shrm) whereby shrm donates management and administrative support services for the foundation. Shrm services consist of those typically provided by a cfo, including in pertinent part: preparation of monthly financial statements, oversight of the annual audit, tax return preparation, investment assistance, and advice and counsel on finances. In addition, the foundation has agreed to adhere to shrm administrative and financial processes and policies (e.g., purchasing, document retention, and contract approval). Under this agreement, the foundation budget is prepared in consultation with shrm.”

“The society for human resource management (shrm) president/ceo, or his designee, shall be a voting ex officio director on the foundation's board. The shrm board is required to elect the remaining foundation directors.”

“The draft federal form 990 is prepared by the independent public accounting firm that conducts the financial statement audit of the foundation. The draft is reviewed by the controller and cfo of shrm. Prior to filing the federal form 990 with the internal revenue service, a complete copy is provided to all voting members of the foundation's board of directors.”

“It is shrm foundation's intent to avoid impropriety in all of its decisions and actions. The board's conflict of interest policy provides procedures for addressing potential conflicts of interest that may require board or committee action, such as: 1) the interested person must disclose all facts material to the conflict of interest and such disclosure must be reflected in the minutes of the meeting where such matter is being reviewed; and 2) such person's ineligibility to vote should be reflected in the minutes. Additionally, the shrm employee code of conduct applies to all shrm foundation employees. The code of conduct requires employees to avoid transactions, activities and relationships which place personal interest in conflict with shrm foundation; not to use organizational assets or their position at shrm foundation for personal use or gain; not to accept gifts from vendors unless within specified gift guidelines. Employees are informed that actual or potential conflicts of interest may go beyond dealings with customers, vendors or suppliers. Conflicts may also involve dealings with managers, subordinates or other staff members. If a conflict or potential conflict arises, employees are required to disclose such conflict of interest to their svp (or president if they are an svp) and the employee must not be involved in the selection, management or oversight of such vendor.”

“Compensation of the executive director at the shrm foundation was approved by shrm's chief human resources officer in consultation with the foundation's board chair. Relevant comparability data from an independent consultant was used. Compensation amounts are directly linked to the individual's performance. The executive director's compensation is reviewed at least every two to three years.”

“The foundation will make its governing documents, conflict of interest policy and audited financial statements available to the public upon request.”

“Pension-related charges, incl. Net pd. Pension costs other than svc. Cost: -$21,875”

“Description:other professional fees total fees:840428”

“Description:grant services total fees:672022”

“Description:strategic consulting total fees:329033”

“Description:production services total fees:17704”