P E O Foundation

“The P.E.O. Foundation has five members, which are the five individuals elected to the executive board of International Chapter of the P.E.O. Sisterhood.”

“The 5 members of the P.E.O. Foundation appoint the three trustees serving as Administrative Trustees. The three trustees serving as Investment Trustees are the members of the Finance Committee of International Chapter of the P.E.O. Sisterhood and serve ex-officio, without further vote or action.”

“Some decisions of the board of trustees are subject to approval by the members as outlined in the bylaws.”

“Copies of Form 990 were provided to each member of the board of trustees and to the members of the corporation prior to filing. A formal review process was conducted with each group, with opportunities for questions to be addressed before the return was filed.”

“Conflicts of Interest policies and signature pages are distributed yearly to each member of the board of trustees. Signature pages are collected at the office in Des Moines, IA and monitored for completion. Any conflicts of interest that arise pursuant to this process or otherwise throughout the year are to be reported immediately and the remaining members take the appropriate action.”

“The organizations Executive Director is employed by the related parent organization, International Chapter of the P.E.O. Sisterhood, and the organization shares her services with the International Chapter. The International Chapter explains on its Form 990 the process for determining the Exec Directors compensation.”

“A similar arrangement exists for the Treasurer. (See Part VI, Line 15a)”

“Governing documents, conflicts of interest policies and financial statements are available to members of the corporation only. These items are not available to the general public.”

“The Executive Director and Treasurer of the International Chapter of the P.E.O. Sisterhood also serve in the same capacity for the reporting organization. An estimate of average hours worked each week for reporting and related organizations has been included in column (B). During the 2020 tax year, wages for the Treasurer of $12,027 were reimbursed by P.E.O. Foundation to International Chapter of the P.E.O. Sisterhood. Both Executive Director and Treasurer are considered employees of International Chapter for all tax reporting purposes, and all applicable disclosures have been made on Form 990 for International Chapter of the P.E.O. Sisterhood, EIN 42-0453829.”