4-H Clubs & Affiliated 4-H Organizations

“Form 990, part vi, line 2 - related party information among officers the iowa 4-h foundation has up to 32 individual trustees serving as unpaid volunteers on its board at any one point in time. Many of them live and work in iowa, and in their day-to-day jobs come in contact with many other individuals, including other trustees, as they conduct their normal business in the agri-business, communications, construction, manufacturing, health-care and educational sectors of the state's economy. The past presidents and current board officers are also asked to recruit new trustees to the board, and it is natural for them to recruit individuals they know and respect from their existing business networks. Supplement to form 990, part vi, line 3, and schedule r - the 4-h foundation's endowment funds are invested through iowa state university (isu), and isu's investment policy is overseen by the iowa board of regents (regents) under delegation from the state of iowa. The endowments are invested in accordance with regent's directives in a "long term investment pool". The goal of this pool is to maintain and preserve over time the real (i.e., net of inflation) value of the funds with the intent of obtaining the highest possible total return (current income plus net realized and unrealized appreciation) without exposing the pool to levels of volatility that might significantly affect the principal value of the assets.”

“A copy of the 990 is shared with the executive director for review, approval and signature (with significant input from the staff accountant) before it is filed. A copy is also shared with the board of trustees for review and discussion with the accounting firm that prepared the 990 during a teleconference prior to filing.”

“The 4-h foundation's conflict of interest policy is consistent with that of iowa state university. Officers, trustees and employees annually disclose potential conflicts of interest of themselves and their families on a questionnaire distributed by the executive director. The executive director insures that all questionnaires are completed, reviews them for conflicts, and submits to the board to review any questionnaires that disclose actual or potential conflicts.”

“Compensation for all employees except the executive director is determined annually with a performance appraisal for each employee, a survey of the compensation in similar positions in related or like non-profit organizations, and the determination of the new rate of compensation after a review of the relevant isu position classification guidelines. Compensation for the executive director is determined and approved annually by a personnel committee, after an annual performance review and survey of the compensation for like-sized non-profits in the central iowa area. Future reviews will use comparability data and documentation of the date will be kept along with minutes of the board members review of the executive director's compensation which will be done by board members who are independent from the executive director.”

“No other officers were compensated during the year.”

“The iowa 4-h foundation makes its governing documents, conflict of interest policy and financial statements available to the public upon request, either verbally, in person or in writing, from its offices in the extension 4-h youth building. Additionally, certain financial documents (including annual reports, audit reports and tax forms) are available on the foundation's website: www.iowa4hfoundation.org”

“The mission of the iowa 4-h foundation is to provide financial resources for youth development through 4-h programming. Significant activities include raising money for the iowa 4-h center, 4-h scholarships, programs, and operations.”

“Form 990, part i, line 5 - the foundation staff is employed privately, but have payroll and benefits provided through iowa state university (isu). The foundation reimburses isu for the employees wages and benefits. The foundation reimbursed isu for the compensation of 7 employees.”

“Iowa 4-h center - the iowa 4-h foundation was created in 1949 with the original purpose to support a state 4-h camp. The foundation owns the camp property and facilities and financially supports camper scholarships, programs and staff. The foundation maintains and improves the camp's facilities: a junior-olympic sized pool, ropes course, climbing tower, zip line, and four-season cabins that can house over 300 young people. Foundation support allows campers to use the camp for outdoor activities and programs year round, accessing 14 miles of trail, a pond, and outdoor adventures on 1,100 acres along the des moines river.”