Foundation 2 Inc.

“An executive committee composed of the officers of the board shall be empowered to act for the board between regular meetings consistent with regular board policy and shall inform the board of any action taken at the next regular meeting. We have it in our by-laws that the executive committee can take action.”

“Foundation 2, inc.'s form 990 is prepared by an independent public accounting firm, cliftonlarsonallen llp (cla). Cla provides a draft of the form 990 to foundation 2, inc. Foundation 2, inc. Then sends the draft to designated finance committee members. The financial director and designated finance committee members will review the form 990. Any comments and questions will be returned to the financial director within one week, questions will then be sent back to cla. Cla will respond to any comments and questions, then send the final copy to foundation 2, inc. The full board will receive that copy of the form 990 prior to the return being filed.”

“The conflict of interest policy applies to both employees and members of the board of directors. Employees and directors have a duty to disclose any potential conflict throughout the year as well as sign an annual affirmation of receipt and understanding of the conflict of interest policy; where the aforementioned duty to disclose is outlined. The program director and the executive director determine whether a potential conflict is an actual conflict with regard to employees; the determination for board members is made by directors and committee members with board delegated powers that are not in conflict. If an actual conflict arises the executive director and program director will review the conflict for employees; the conflicts of board members are reviewed by the members of the board of directors who are not in conflict in either case the member in conflict is not present for the final deliberation or vote, but is given the opportunity to present their case prior to such final deliberation and vote. The final decisions as it relates to the person in conflict is provided to the employee in writing. Any potential or actual conflict for an employee is documented in an employee's personnel file and discussed and noted in the board meetings should the scope warrant it. Any potential or actual conflict for a board member shall be documented in the committee and board meeting minutes.”

“Foundation 2, inc. Board of directors hire and set compensation for the executive director. The organization makes an effort to determine appropriate compensation based on the agency size, revenues, organizational structures and mission. The process to determine compensation includes; collecting comparable salaries, ensuring that no one involved in setting salaries has a conflict of interest, and documentation of the decision. Salaries are also compared to the coalition for family and children's services in iowa and the iowa behavioral health association salary surveys. This process was last completed in 2015. Form 990, part vi, line 15b: the executive director hires and sets compensation for other officers and key employees. An effort is made to determine appropriate compensation based on the agency size, revenues, organization structures and mission. The process to determine compensation includes; collecting comparable salaries, ensuring that no one involved in setting salaries has a conflict of interest, and documentation of the decision. Salaries are also compared with the coalition for family and children's services in iowa with like positions. This process was last completed in 2015.”

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

“The organization's mobile crisis outreach program has expanded and now serves the east central iowa region, not just linn county.”

“Fiscal agent asset held -20,092. Fiscal agent anticipated future expenditures -511.”

“No change from prior year.”