University of Wisconsin - Eau Claire Foundation Inc

“The organization contracts with the university of wisconsin-eau claire to lease employees. The organization estimates that approximately $94,000 of the ceo's salary, $124,000 of the president's salary, $83,000 of the assistant secretary's salary, and $74,000 and $105,000 of the two assistant treasurers' salaries are for services rendered to the organization. These individuals are not officers, directors, or key employees of the university of wisconsin-eau claire.”

“Form 990 is emailed to all finance/audit committee, members and is reviewed and approved by the assistant treasurer, treasurer, finance/audit committee chair, and executive director prior to filing. A copy is also made available to the board of directors electronically via onboard and email for review and approval prior to filing the form 990 with the irs.”

“Each director, principal officer, and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: (a) has received a copy of the conflicts of interest policy, (b) has read and understands the policy, (c) has agreed to comply with the policy, and (d) understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. A foundation board member who has a known material financial interest in a pending or proposed transaction or business arrangement involving the uw-eau claire foundation shall promptly disclose to the board the existence of the interest and other material information that the board member may have regarding the transaction or arrangement. The foundation secretary shall review the annual disclosures and will promptly submit to the foundation's executive committee. The executive committee will review the matter and determine whether there is a conflict of interest. If the interests being reviewed involve a member of the executive committee, the member shall not participate in or be present during the committee's consideration of the matter except as requested by the committee to answer questions or provide information. If a conflict is determined to be present, the interested board member will have an opportunity to comment or address the issue with the executive committee. For vote on the matter, the interested member will abstain from final discussion and majority vote with the remaining board.”

“Governing documents, conflict of interest policy, and financial statements are available to the public upon request or on the organization's website.”

“Change in value of bequests 1,974. Change in value of split interest agreements 38,777. Change in cash surrender value of life insurance 12,465. Change in value of beneficial interests 244,235. Other changes in net assets -29,469.”