Kosciusko County Community Foundation Inc.

“Description of delegation of authority to executive committee: bylaws of the community foundation as amended november 10, 2014 state the following: section 4.01. The executive committee of the board of directors shall consist of the president, vice president, secretary and treasurer of the board of directors, the ceo of the foundation, and the chairs of the public relations, finance and investment, grant and scholarship, donor relations, and governance committees (all members of the board of directors). Section 4.02. Powers of the executive committee. During the intervals between meetings of the board of directors, and subject to such limitations as may be required by law or by resolution of the board of directors, the executive committee shall have and may exercise all of the authority of the board of directors, except that the executive committee shall not have the authority to amend the by-laws.”

“Summary of changes to by-laws: "article ii, b - annual report publishing guidelines were amended to remove specific types of media distribution details and were left broad to encompass distribution to media in general. "article iii, section 3.01 - the number of directors was changed to "at least 19 but not to exceed 23" instead of stating 23 members. "article iii, section 3.01 (e) - was amended to say "up to eighteen" appointed at large instead of stating eighteen. "article iii, section 3.07 (c) - was amended to state term of office for each board member commences at the annual meeting in november instead of on july 1st. "article vi, section 6.01 - changed the "executive director" to the "chief executive officer (ceo)- and to state the ceo shall not have a term limit. "article vi, section 6.01 - changed the term limit for board officers to one year, with a limit of four consecutive years. "article vi, section 6.04 - removed a statement that the president shall be the ceo since the executive director is now the ceo.”

“Upon completion of the form 990, an electronic version of the return is distributed to all board members at least three days before the second monday of november. At the november board meeting, which takes place on the second monday, the board treasurer presents the form 990 for acceptance. The board votes to accept or not accept the form 990 as presented. If accepted, the form 990 is then submitted to the irs. If not accepted, the form 990 will be revised until accepted by the board of directors.”

“The community foundation requires a signed conflict of interest disclosure form from all board members and from any committee member who is in a position to recommend grant distributions. Disclosure forms are renewed and re-signed annually or each time they (board members) serve on a grant or scholarship committee. The ceo collects and reviews the disclosure forms as they are returned and makes sure that all who are required to complete a disclosure form have done so. When an individual reports an actual, potential, or perceived conflict of interest, the community foundation follows the procedures outlined in its policy for disclosure of conflicts to the applicable body of decision-makers and recusal of individual(s) with conflicts from the decision-making process.”

“15a) the following process was undertaken in fiscal year 2018/2019, with respect to compensation paid to the ceo in fiscal year 2019/2020. The board president and the ceo complete a formal review instrument independently and then review results. The board president meets with the executive committee; the ceo does not attend. The executive committee reviews the ceo's performance in the areas of board relations; staff planning and supervision; grants and program management; and public relations and resource development. The executive committee then determines continued employment, the strengths and possible areas of improvement and compensation. This information is then shared with the ceo. In preparation for the ceo evaluation, the community foundation president (as chair of the executive committee) is provided a compilation of the council on foundations' nationwide salary information. The president is also provided with community foundation salary information for the state of indiana and also for the northeast region of indiana. Minutes of the executive committee's compensation deliberations and decisions are prepared no later than the next meeting of the executive committee, or sixty days after the date of the meeting at which the compensation is approved, whichever is later. Line 15b) n/a-the community foundation has no "other officers or key employees" to report on.”

“The community foundation makes its governing documents available for public review in our public review file. This file is kept in a binder in a public area of the community foundation offices, and is available for inspection upon request. The file contains form 1023, articles of incorporation, by-laws, irs determination letter, state sales tax exemption certificate, resolutions, a list of board and staff members, irs form 990's from the most recent 5 years, policies (such as our policy on donations, investment policy, conflict of interest policy, whistleblower policy, etc.), copies of our grant and scholarship applications, our most recent audited financial statements and sample fund agreements.”

“Section a, line 1a - column (b) - estimate of the average hours per week for a related organization: suzanne light served 2 volunteer hours per week on the board of directors for orthopedics capital foundation, inc., a related organization and supporting organization of the kosciusko county community foundation.”

“The mission of the community foundation: by bringing caring people and charitable endeavors together, we make donor dreams shine for the good of our community. We do this by: 1) serving as the vehicle for donors' charitable dreams, 2) awarding grants to charitable projects and organizations, 3) addressing community needs as a catalyst and convener.”

“Annuity payments/split interest change -191,427 agency fund revenues 68,705 agency fund expenses 126,655 total 3,933”