Rotary Club of Des Moines Foundation

“The organization is made up of members of the Rotary Club of Des Moines. These members appoint members to the governing body of the Foundation.”

“Form 990 is prepared from the Foundation's Financial statements subject to agreed upon procedures by a qualified tax preparer or firm. The RCDM Audit Committee and executive director review Form 990 with the tax preparer prior to the review by the Foundation Board of Directors. A representative of the Audit Committee or other qualified member presents Form 990 to the Foundation Board of Directors prior to submission to the IRS.”

“All board members of the RCDM Foundation and the executive director are required to complete a written disclosure of any known conflicts of interest including business and family relationship conflicts. The annual disclosure forms are monitored by the club officers and executive director. The Foundation monitors potential conflicts of interest for ongoing transactions by calling for any potential conflicts at the beginning of each agenda. The full Foundation board determines whether a conflict exists and reviews any actual conflicts that do arise. Any persons with a potential or actual conflict are requested to recuse themselves from the discussion of and vote on the matter.”

“The RCDM Audit committee includes analysis of the management services provided by the club to the Foundation in its annual compensation review. RCDM DETERMINES the compensation of the executive director and a management charge is made by the RCDM for the services of the executive director to the Foundation.”

“The following Foundation documents are made available on the Foundation pages of the RCDM website: Form 990, organization's mission statement, organization's board of directors, bylaws, constitution, code of ethics policy, conflict of interest policy and whistleblower policy.”

“Other program services 4: funds are raised to provide food baskets or grocery gift cards at thanksgiving to underprivileged families in the des moines community. Other program services 5: project grants to non-profit organizations designated for investing in the community and providing opportunities for growth and betterment.”

“The RCDM audit committee is comprised of members with expertise in accounting and finance. The RCDM Audit Committee assumes responsibility for oversight of the Foundation's financial statements, annual agreed upon procedures, selection of the individual or form and preliminary review of Form 990. The RCDM audit committee has performed a thorough review of the Foundation's policies and procedures and the recommendations it provides to the Foundation Board of Directors.”