Chicago Commons Association

“The Form 990 is reviewed by the Finance/Audit committee of the Board of Directors with the CFO and the CEO. The authority to review and approve the Form 990 has been delegated to the Finance Committee by the full Board; the Finance Committee has reviewed Form 990 and approved the filing of the Form 990.”

“The corporation bylaws includes the conflict of interest policy. A questionnaire is distributed to Governing Board Members, as well as officers and key employees, annually through which individuals identify any potential conflicts of interest. Additionally, throughout the year, Members are instructed to notify the Executive Director of any potential conflicts as they arise. Any potential conflicts identified on the questionnaire or self-identified during the year are researched to determine if adequate controls are in place to prevent a conflict or if further corrective action is necessary.”

“The executive committee of the Board of Directors, consisting of the Board President, Treasurer, Secretary and two Vice-Chairmen, determined the compensation of the organization's Executive Director. The committee, which consists entirely of independent Board Members, reviewed comparability data of peer organizations to arrive at the two Officer's levels of compensation. Signed documentation was submitted to the organization's payroll and human resources departments at the time of the decision to approve changes to the Officer's levels of compensation.”

“The Chicago Commons Association's Form 990, audited financial statements, and conflict of interest policy can all be found and downloaded at www.chicagocommons.org. These documents can also be provided upon request outside of the public website. Documents are available pursuant to the disclosure terms of section 6104(d).”

“Community Partners: Program service expenses 1,072,842. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,072,842. Consulting: Program service expenses 504,814. Management and general expenses 168,944. Fundraising expenses 79,726. Total expenses 753,484. Payroll Services: Program service expenses 0. Management and general expenses 85,955. Fundraising expenses 0. Total expenses 85,955. Bank Fees: Program service expenses 0. Management and general expenses 23,599. Fundraising expenses 0. Total expenses 23,599. Medical/Dental Services: Program service expenses 21,371. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,371. Homemakers Professionals: Program service expenses 1,068,831. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,068,831.”

“Change in market value of beneficial interest in perpetual trusts 272,233.”