Noble County Community Foundation Inc.

“The foundation amended its articles of incorporation and by-laws during the year. The articles of incorporation were updated to more specifically spell out the standards under which the foundation will operate as a public charity. The articles of incorporation were also amended to update the foundation's registered agent. The foundation also amended its by-laws to update and clarify several sections. The foundation adopted a doing business as name of community foundation of noble county. The purposes and powers section was updated to more specifically state the foundation's charitable purpose and powers. The officers and corporate employees section was updated to specifically define the role of president/ceo/executive director and the position's appointment by the board of directors. The section relating to contracts, loans and checks was revised to allow the board of directors to authorize other agents of the foundation to enter into contracts and sign checks on its behalf. A variance power, policies and procedures section was added to define the foundation's variance power in accordance with indiana law. A requirement for conflict of interest policies was also added to the section. Additional changes to the by-laws included spelling out powers specifically reserved to the board of directors and giving the board of directors the authority to enter into affiliations with other charitable organizations, should it choose to do so. Finally, an indemnification section was added to indemnify and defend the directors, officers, employees, and agents as the board of directors may authorize from time to time.”

“Form 990 is prepared by the foundation's audit firm and reviewed by the accounting department and audit and finance committee. Prior to executive committee approval, an electronic copy (or mailed copy) will be sent to all board of directors with the 990 attached. Board members are invited to bring any comments or questions to the executive committee meeting at which approval will be made. The executive committee has been granted authority to approve the 990. The action of the executive committee will be acknowledged/approved and recorded in the minutes at the next meeting of the full board.”

“Anytime a board member has an interest in any organization with which we are doing business, they volunteer, or the president asks that they not include themselves in a vote.”

“The foundation uses the northeast indiana non-profit salaries report, which includes the information for surrounding foundations. They also use the council on foundations report. Salaries are compared to similar organizations in size and description to determine that they are appropriate. Other salaries are compared with the same reports, and job descriptions and qualifications are taken into consideration.”

“The foundation makes its governing documents, conflict of interest policy and financial statements available to the public immediately upon request through the foundation's office. Additionally, financial information is made available in its annual report which is widely distributed to the public via their website and other means of disbursement. The foundation's form 990 is available online at www.guidestar.org, and a link can be found on the foundation's website. Form 990 is also immediately available upon request through the foundation's office.”

“Community foundation of noble county, inc.”

“A philanthropic not-for-profit corporation who provides grants and scholarships to other 501(c)(3) charitable organizations, charitable projects, community projects with charitable purposes, and to students attending colleges.”

“Approved by the board. If the grant is not awarded to a 501(c)(3) organization, the board of directors reviews the grant application and determines if the project is charitable.”

“They organize and pay for a senior citizen's prom. The purpose of this prom is to bridge generational gaps. There were approximately 153 attendees. Three or four of the pulse students have gone on to college and are seeking or have received their degree in philanthropy. They gave four scholarships to former members totalling 4,500. This 4,500 is included in 4b. They gave out 26 other grants totalling 12,450.”

“Expenses related to the projects serviced by the divorcing families project, the intern program, a youth opportunity program, noble county cares program for a professional development conference given by drug free noble county, and to support the leadership circle program. This included four grants.”

“Agency fund revenue -170,368 direct fundraising expenses 856 direct fundraising expenses -856 agency fund expenses 128,415 total -41,953”