Catholic Charities Foundation

“Tracy Morrision, Executive Director, and Michael Coyle, Secretary, have a business relationship through Ecumenical Housing Inc. Tracy Morrison, Executive Director, Richard Runde, Finance Officer, and board members Archbishop Michael Jackels, Sr. Margaret Mary Cosgrove, Judy Wolf and Rev. Msgr. Thomas Toale have business relationships with each other through Catholic Charities of the Archdiocese of Dubuque. Richard Runde, Archbishop Michael Jackels and Rev. Msgr. Thomas Toale have business relationships with each other through Archdiocese of Dubuque and The Witness Publishing Company.”

“The Archbishop of Dubuque of the Archdiocese of Dubuque has the authority to appoint or remove members of the governing body.”

“The Organization does not have committees with authority to act on behalf of the governing body.”

“A copy of the Form 990 is provided to the governing body before it is filed. The Executive Director and Finance Officer review the Form 990.”

“It is the policy of Catholic Charities Foundation to insist on the best efforts to avoid any conflict of interest and to exhibit undivided loyalty of those employed by it or who serve it in a voluntary capacity on its Committees and Boards. This policy applies to staff and to individuals serving in the capacity of Committee Chairs, Members, and Board Members. These individuals are required to disclose annually any possible conflicts. A conflict of interest transaction is a transaction with a corporation or other entity in which an individual covered by this policy has a direct or indirect interest. A transaction in which an individual of a corporation has a conflict of interest may be approved if the material facts of the transaction and the person's interest were disclosed or known to the board of directors, council, or a committee of the board and the board or committee of the board authorized, approved, or ratified the transaction. A conflict of interest transaction is authorized, approved, or ratified if it receives the affirmative vote of a majority of the members on the board or on a committee of the board who have no direct or indirect interest in the transaction, but a transaction shall not be authorized, approved, or ratified under this section by a single member. If a majority of the members on the board who have no direct or indirect interest in the transaction vote to authorize, approve, or ratify the transaction, a quorum is present for the purpose of taking action under this section. The Executive Director reviews the conflict of interest policies. Any individual having a conflict of interest on any matter must abstain from voting on the matter and is not counted in determining the quorum for the vote on the matter. The minutes of the meeting reflect the disclosure made, the abstention from voting, and the quorum situation.”

“Catholic Charities Foundation does not pay compensation to the Executive Director. The Executive Director's compensation is determined by Catholic Charities, a related organization. The Finance Officer's compensation is determined by the Archdiocese of Dubuque, a related organization. Both Catholic Charities and the Archdiocese of Dubuque use these methods when determining compensation.”

“The Organization's governing documents, conflict of interest policy, and financial statements are available upon request.”

“Change in value of beneficial interest in assets held by others -50.”

“The Audit Committee of the Archdiocese of Dubuque assumes the responsibility for oversight of the audit and selection of an independent accountant.”