Trinity Roselle Foundation

“Peter Croner (Director and Assistant Treasurer) is responsible for the preparation of all financial reporting, including the Annual Form 990 and supporting schedules. He also serves as the liaison to the organization's independent accounting firm, who is available for guidance as needed for accounting and reporting questions. No such guidance was requested related to this Form 990 and the independent accounting firm has not reviewed this document. Peter follows due diligence throughout the reporting process to assure accuracy and compliance in all of the organization's financial reporting. The accounting firm provided compilation services for the fiscal year ended June 30, 2024, corresponding to the period covered by this filing. The Board has elected not to have a full audit performed every year. The compilation report serves as support and as a verification step in the preparation of this Form 990 filing. The Board of Directors is provided a full draft copy of the Form 990 and supporting schedules for their review prior to electronically filing the report.”

“Board members are expected to be familiar with all Board policies including the 'Conflict of Interest Policy'. Board members are instructed to advise the Board when a potential conflict of interest arises. If a potential conflict could impact impartiality by a Board member, the individual will be required to recuse themselves from participation in the voting process for the matter in question.”

“Trinity Roselle Foundation maintains a dedicated website (www.trinityrosellefoundation.com). Information about the foundation and its activities is available for review on the website. Financial information, Board of Director information, Foundation policies, descriptions of the various funds and how to donate are all available on the website. A note describing how to and from whom a request for a copy of this Form 990 and supporting schedules is included in the financial section of the website. The website is currently undergoing a complete revamp and may not be available for a period of time following the filing of the Form 990.”

“General Foundation Fund - Contributions and earnings generated from investments in this fund are used to provide assistance to a variety of Board approved grant requests. Past grants have included assistance to local schools to purchase school supplies for families in need, ongoing support to local not-for-profit organizations within the community, and to cover the cost of financial acumen classes for individuals experiencing personal financial management challenges. School Tuition Fund - Contributions and earnings generated from investments in this fund are used to provide financial support to all Trinity Lutheran School families. Following the spending policy in place, a Board-determined amount is made available to each registered student on an annual basis during the registration process. This assistance helps make Trinity Lutheran School a bit more affordable for all school families by cushioning the impact of annual increases to the cost of education passed along through higher tuition and fees. Prange-Mueller Endowment Fund - Earnings generated from investments in this fund are to be used to assist individuals wishing to go into church and ministry work. Assistance may be in the form of financial support for special training, tuition for college classes or seminary attendance among others. Other Dedicated Funds - represents remaining amounts for miscellaneous small funds.”