Truman Heartland Community Foundation

“The 990 review includes a copy of the entire 990 provided to the board of directors by email. The finance committee will review the executive summary of the 990 before the filing of the form. Results of that review will be submitted to the entire board of directors. Should any material discrepancies or errors be noted during the review, the 990 will be corrected prior to filing.”

“Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirm such person: a. Has received a copy of the conflict of interest policy, b. Has read and understands the policy, c. Has agreed to comply with the policy, and d. Understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

“Truman heartland community foundation understands that it works within the context of a broader marketplace, which includes not only other nonprofits, but also for-profit and government entities. While operating in this marketplace, it is the foundation's goal to attract and retain qualified, skilled employees. To this end, the foundation will conduct a marketplace survey of comparable wages, using comparable job descriptions from the national and local marketplace approximately every year. Using these marketplace comparisons, midpoints and salary ranges will be developved. The foundation will develop compensation and benefit guidelines as to: source of marketplace comparisons, types of compensation, executive compensation policy, including prohibition of loans, and fringe benefits provided. Annually, the personnel committee will review compensation and benefits of each employee using the guidelines developed. The committee will be comprised of independent board of directors. The committee will recommend executive compensation packages to the board of directors for approval. Compensation will be approved by the board of directors. The process and results will be documented and retained permanently as indicated in the document and retention policy.”

“Truman heartland community foundation is committed to providing ready public access to important foundation documents. The following documents are available in the foundation office during normal working hours: tax form 990, tax form 990-t (if filed), tax form 1023, articles of incorporation, corporate by laws, conflict of interest policy, annual report - financial statements for the prior year included in the annual report. (also available on the foundation website). Public availability of the foregoing documents will be noted on the website of the foundation and in the annual report. Upon request, the following will be provided to current and prospective fund holders: current investment policy, investment performance reports, current roster of investment committee members, investment manager fees schedule, and administrative fees schedule. The annual reports are on the foundation website and include year end unaudited financial information. In addition, the 990s are also available on the website. Letterhead and website will list the current members of the board of directors.”

“Change in value of split interest agreements and charitable remainder trust 78,434.”