Hendricks County Community Foundation Inc.

“The organization amended its articles of incorporation to update its registered agent, its number of board members as stated in its amended bylaws, the regulation of corporate affairs, and the methods for dissolution of the corporation. The organization also amended its bylaws to read as follows. Article i general section 1: name and address. The name of the corporation shall be the hendricks county community foundation, inc. (the "corporation"). The street address of the corporation's registered office at the time of adoption of these amended and restated bylaws (the "bylaws") is 6319 east u.s. Highway 36, suite 211, avon, indiana 46123. The registered agent in charge of the registered office at the time of adoption of these bylaws is william a. Rhodehamel. Section 2: fiscal year. The fiscal year of the corporation shall begin on the first day of january and end on the last day of december next succeeding. Article ii board of directors section 1: general powers. The affairs of the corporation shall be managed, controlled, and conducted by, and under the supervision of, the board of directors, subject to the provisions of the amended and restated articles of incorporation (the "articles") and these bylaws. Section 2: number, tenure and qualifications. (a)the board of directors shall have the number of members, not less than nine (9) and not more than twenty-one (21), as designated by resolution of the board of directors from time to time. When not so designated, the number of directors shall be nine (9). (b)unless the articles prescribe a term of longer or shorter duration, each director shall serve for a term of three (3) years and may be re-elected to serve a maximum of two (2) consecutive terms; however, the governance committee (if any) may petition the board of directors to extend by up to two (2) years the term of a member of the board who is serving or has served as chair, vice chair, secretary or treasurer. Former directors will be eligible for re-election to the board after a period of at least one year has expired following the end of their second consecutive term. To the extent practicable, director terms shall be staggered so that only a portion of the director seats are elected each year. (c)directors shall be elected annually at the regular annual meeting of the board of directors. If the election of the directors shall not be held at such a meeting, such election shall be held as soon thereafter as is conveniently possible. Each director shall hold office until his or her successor is elected and qualified. Directors need not be residents of hendricks county but shall generally be selected to represent the geographic, economic, professional and ethnic diversity of hendricks county. Section 3: resignation, removal, and vacancies. (a)any director may resign at any time by giving written notice of such resignation to the board of directors, the chair, or the secretary of the corporation. Such resignation shall take effect at the time specified therein, or if no time is specified, at the time of its receipt by the board of directors, the chair, or the secretary. The acceptance of a resignation shall not be necessary to make it effective. (b)a director may be removed, with or without cause, by a majority of the directors then in office. Any vacancy on the board of directors through death, resignation, or removal shall be filled by a majority of the directors then in office. Section 4: compensation. Directors shall receive no compensation for the services provided to the corporation related to their service as a director. Article iii meetings section 1: annual meeting. An annual meeting of the directors of the corporation shall be held at such place within or without the state of indiana as may from time to time be selected by the directors, on the date in each year designated by the board of directors, and at the time stated in the notice thereof, for the purpose of electing directors or officers and for the transact”

“The form 990 will be reviewed by the board of directors at the meeting immediately proceeding the 990 filing date.”

“Annual disclosure statements are collected at the beginning of each year. Any conflict of interest is noted in the minutes. The individual is excused from discussion and/or vote.”

“Determining the salary and benefits for the executive director and/or other key employees is the responsibility of the hendricks county community foundation's executive committee (board officers). To determine salary and benefits for a new executive director or key employees and at least annually thereafter, the executive committee reviews relevant survey data from the council on foundations, charitable advisors and other related groups. The committee discusses the data, compares with the current salary and benefits and considers how increases will impact the operating budget. The executive committee makes a recommendation to the board of directors for new salary and benefit packages or increases to salary and benefits for the current executive director/key employees. The board of directors discusses the recommendation and reviews supporting material provided by the executive committee. The board votes to approve/disapprove the recommendations. The discussion and result of the vote is recorded in the board minutes. This process is carried out on an annual basis. 2016 being the last year this was done.”

“Determining the salary and benefits for the executive director and/or other key employees is the responsibility of the hendricks county community foundation's executive committee (board officers). To determine salary and benefits for a new executive director or key employees and at least annually thereafter, the executive committee reviews relevant suvey data from the council on foundations, charitable advisors and other related groups. The committee discusses the data, compares with the current salary and benefits and cosiders how increases will impact the operating budget. The executive committee makes a recommendation to the board of directors for new salary and benefit packages or increases to salary and benefits for the current executive director/key employees. The board of directors discusses the recommendation and reviews supporting material provided by the executive committee. The board votes to approve/disapprove the recommendations. The discussion and result of the vote is recorded in the board minutes. This process is carried out on an annual basis. 2016 being the last year this was done.”

“Hendricks county community foundation, inc. Makes its governing documents, conflict of interest policy, and financial statements available to the public immediately upon request through the foundation's office, and electronically on the foundation's website. Additionally, financial information is made available in its annual report which is widely distributed to the public via mailings and other means of disbursement, as well as on the foundation's website. The foundation's form 990 is available online at www.guidestar.org. A link to www.guidestar.org is on the foundation's website. Form 990 is also immediately available upon request through the foundation's office and on the foundation's website at www.hendrickscountycf.org.”

“Change in value of annuity -12,471 agency fund revenue -32,790 agency fund expenses 19,772 total -25,489”