Dekalb County Community Foundation

“The foundation form 990 was prepared by siepert & co., llp. A copy of the complete form 990 was emailed to every foundation board member as a complete pdf document. Foundation board members were asked to review the entire form and to notify the executive director via email of any questions or concerns within one week, after which time the 990 was filed.”

“The foundation regularly and consistently monitors and enforces compliance with its conflict of interest policy by considering any real or potential conflicts prior to any voting among the board in official board meetings or committee meetings. Members are asked if there are any conflicts if it is not known based on previous disclosure documentation. An additional conflict document is used with the grants committee prior to recommending bi-annual grants to community organizations.”

“The compensation of the foundation's executive director is set by the board of directors at the direction of the executive committee. The board president, as chairman of the executive committee, consults a national salary study/survey provided each year by the council on foundations, a membership organization serving over 700 community foundations. Data in the report consist of median and mean salary figures for executive directors based on foundation asset size. Consideration of typical nonprofit executive director salary in the county in which the foundation serves is also considered. Discussion of the executive director's salary occurs around the time of a performance review and is documented in meeting minutes.”

“The same procedures used for the executive director are used for other key employees in the organization, with the executive director doing the majority of the due diligence and the board ultimately approving all salaries.”

“The foundation makes its governing documents, conflict of interest policy, and financial statements available to the public. All of these documents are available upon request to anyone at anytime. The foundation's website mentions the availability of these documents in the business office and the foundation's annual report states that the following information is available upon request from our office: names of investment managers and fees charged, full audited financial statements, irs form 990, governing documents, and conflict of interest policy.”

“Our purpose is to serve donors in achieving their philanthropic objectives, to create and build a lasting source of revenue to benefit the residents of our community and to provide leadership and resources in addressing community needs.”