Keweenaw Community Foundation

“990 is reviewed by the treasurer, board chairman, and executive director.”

“The conflict of interest policy applies to trustees, volunteer committee members, professional advisory council members and foundation staff. Questionnaires are completed annually describing business, association or organizational relationships as well as any actual or proposed business dealings with the foundation which could create a conflict of material interest or appearance of conflict. The board is responsible for reviewing potential conflicts, but anyone covered by the policy is required to disclose the existence of or potential conflict of interest with any transaction, refrain from personally influencing board action on such a transaction, and recuse themselves from discussion or decisions on the subject transaction.”

“The compensation policy of the foundation includes the review and approval by the board or compensation committee, use of data as to comparable compensation for similar positions and geographic area, and documentation of the executive director review and compensation decisions. The foundation follows a yearly review process for other staff members - none of which fall under the irs definition of "key employee".”

“All policies, governing documents, financial statements, and the form 990, are available to the public upon request.”

“The mission of the keweenaw community foundation is to promote philanthropy, develop and manage permanent endowments from a broad range of donors, and award charitable grants that enhance quality of life in the keweenaw.”

“Land, water, and quality of life through conservation, stewardship and education. 13,935 to little brothers friends of the elderly to assist in the support and companionship of area elderly through medical transportation, meal delivery, firewood, and holiday celebrations. 7,656 to saint ignatius loyola church used to operate and maintain the historical site. 6,981 to the calumet theatre to assist with building maintenance and aide in providing diverse cultural and artistic opportunities while preserving the historic character of the theatre. 5,045 to the keweenaw family resource center used to support a variety of programs provided to the community in order to support, enrigh, and strengthen family lives. 6,127 to the copper country humane society to support operations. Bernard f gaffney memorial scholarship is awarded to a graduating senior(s) at houghton high school. The scholarship is awarded to a student or students who demonstrate need, character, determination, and have a specific goal, the current year scholarships totaled 7,623. 5,460 faith lutheran church scholarships provided to chuch patrons in need of assistance to attend post secondary education.”

“For the food pantry in hancock, mi. 3,900 to the omega house in support of their advanced planning program.”

“Unrestricted/pass through funds”

“Change in value of split interest agreements 6,926 direct fundraising expenses 29,425 direct fundraising expenses -29,425 total 6,926”