Philanthrofund Foundation Inc

“Line 11b explanation - the treasurer reviews the completed 990. The board chair , executive director , treasuer or other designated signatories may sign the 990. A final copy of the 990 is made available to the full board.”

“Each pfund director and staff member shall annually complete a disclosure form identifying any relationships, positions or circumstances in which the pfund person in involved that he or she believes could contribute to a conflict of interest. Detailed procedures for monitoring and enforcing the conflict of interest policy are in the written policy.”

“Pfund foundation is committed in principle to paying market wages insofar as possible. In compensating employees, pfund will consider the following: 1. The employee's relevant education and experience; 2. The employee's on-the-job performance; 3. The compensation of other employees with similar qualifications; 4. The compensation paid by other organizations to employees with the same position and similar qualifications; 5. The employee's overall contribution tot he organization; and 6. Pfund foundation's ability to pay. The executive director shall have sole discretion in determining employee compensation. The executive director's salary and benefits are determined by the board executive committee. Pfund foundation conducts performance reviews annually. A performance review does not necessarily imply an increase in pay.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. The foundation's annual financial statements are also posted on the foundation's website, www.pfundfoundation.org.”

“Professional fees: program service expenses 104,033. Management and general expenses 36,521. Fundraising expenses 7,562. Total expenses 148,116.”