The Mosaic Foundation Inc

“The mosaic board of directors appoints or elects the mosaic foundation board of directors.”

“Any amendments to the articles of incorporation require approval by a majority of the mosaic board of directors.”

“Form 990 is prepared by mosaic's outside independent audit firm. The return is reviewed by the foundation's treasurer and the outside independent audit firm, and then reviewed by the foundation's president and mosaic's audit/finance committee. A copy is shared with the board of directors prior to filing form 990.”

“On an annual basis, each board director completes a conflict of interest form and submits it to the chairperson of the mosaic board integrity committee. Any financial conflicts of interest are reported to the chief financial officer / treasurer for reporting on the form 990, if appropriate. Any new conflicts of interest that arise during the year are required to be reported at that time.”

“The mosaic foundation does not have any employees, and therefore, there is not an established process for determining compensation of officers or other employees. The following is the procedure used by mosaic, the mosaic foundation inc's parent entity: the board of directors established an executive committee. The executive committee is responsible for: contracting with an independent consultant to document comparable compensation levels paid to executives with similar positions and responsibilities in similar organizations, helping the committee apply mosaic's compensation philosophy to the market survey data to identify supportable compensation levels and compensation ranges, and opining in advance that resulting compensation ranges are reasonable compensation. The compensation consultant will also advise and opine on benefit design, benefit options, and reasonableness of benefit amounts as elements of compensation. The executive committee will adopt a compensation philosophy for officers and key employees guided by the consultant's information and use the compensation philosophy to approve the compensation of the ceo, approve the compensation ranges for other officers and key employees, and report its actions to the full board. The ceo, working within salary ranges approved by the executive committee, sets the compensation of other officers and key employees. Minutes, documentation of independent consultant comparability data and recommendations are maintained as part of the record of the executive committee.”

“Mosaic has available on its public website (www.mosaicinfo.org) the ability for individuals to request the governing documents, conflict of interest policy, and financial statements through an email request form.”

“Consulting services: program service expenses 0. Management and general expenses 0. Fundraising expenses 1,781,000. Total expenses 1,781,000.”

“Change in value of split interest agreements 7,759.”

“The mosaic finance and audit commitee oversees the audit & selection of the independent accountant. This process has not changed from the prior year.”