The Community Foundation for Mchenry County

“Carol Crenshaw and Robin Doeden are both employees of The Chicago Community Trust, a related tax exempt organization. Ms. Crenshaw serves as the assistant treasurer of the Community Foundation for McHenry County and Ms. Doeden serves as the Executive Director for the Community Foundation for McHenry County.”

“The members of The Community Foundation for McHenry County are The Chicago Community Trust and The Chicago Community Foundation.”

“The Members have the right to determine the size of the Board of Directors and to elect and remove Class A directors of The Community Foundation for McHenry County.”

“Form 990 is reviewed and approved by the Chairman, Treasurer, and Executive Director before filing with the Internal Revenue Service. The return is subsequently shared with the full board.”

“All new employees, board members, and volunteers are required to sign the conflict of interest policy immediately after inception of the relationship. Each year all Board Members and Volunteers are required to file a new policy statement. In addition, on an annual basis, all leased employees are required to review the conflict policy and acknowledge adherence to said policy. Potential conflicts, if any, are noted in the minutes of the board meeting. Board members abstain from voting when there is a possibility of a conflict. Continual monitoring of the business of the Foundation and its relationships keeps the conflict of interest policy active and enforceable.”

“The Board annually reviews the compensation of the leased staff (Executive Director) based on performance evaluation in connection with established goals and objectives, and determines compensations reasonableness, thereof, by reviewing data of similar organizations.”

“A copy of the governing documents, conflict of interest policy and financial statement are available upon request for the same period of disclosure as set forth in IRC Section 6104(d). The Community Foundation's website states that the Form 990 and most recent audit are available for review upon request. In addition, requests for the 990, audit report, governing documents, and conflict of interest statements can be made via email or phone call.”

“Activities of the Board include: attending and preparing for Board meetings, grant reviews, strategic planning, and various other administrative matters; serving on various sub-committees of the Community Foundation; recruiting new Board members; and representing the Community Foundation at various events.”

“Volunteers consist of twelve voting board members, an additional twelve volunteers that participate in grant and scholarship sub-committees of the Community Foundation, and one office volunteer, for a total volunteer count of 25.”

“Established to accept donor-directed funds and unrestricted endowments to grant seed or expansion money for unmet social, cultural, educational, and charitable needs throughout McHenry County. The Community Foundation also provides philanthropic-minded citizens and non-profit agencies with a central, local administered Foundation. The Community Foundation also seeks to be a community partner, and at times a leader, in addressing local needs.”

“Change in Beneficial Interest in Charitable Term Trust 67,060. Change in cash value of Life Insurance Policy 5,378.”

“The audit committee of the supporting organization, The Chicago Community Trust, assumes responsibility for oversight of the audit, review of the financial statements, and selection of the independent accountants.”

“The Community Foundation for McHenry County had leased employees during fiscal year 2018. Total leased employee expenses were approximately $297,007. The employees are leased from The Chicago Community Trust, a related 501(c)(3) organization, EIN #: 36-2167000.”