Dekalb County Community Foundation

“The foundation form 990 was prepared by wipfli, llp. A copy of the complete form 990, excluding schedule b, 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 in 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 finance committee. The board president 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 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.”

“Change in crt beneficial interest -86,036.”

“The oversight of the audit of the organization's financial statements and selection of an independent accountant has not changed from the prior year.”