Youthbridge Community Foundation

“The irs form 990 is prepared by an independent accounting firm. Subsequent to preparation, the form 990 is approved and signed by the chief executive officer. Prior to filing with the irs, an electronic copy of the irs form 990 is distributed to the board of directors.”

“Whenever a board member indentifies a potential conflict of interest, either in their own case or in the case of another board member, the situation must be brought to the attention of the president of the board. If a conflict is perceived to exist by the president, the matter will be brought to the full board for discussion. The board member involved will be notified and removed from any discussion pertaining to the conflict. Upon resolution, the party or parties involved will be advised of the board decision. Decisions are required to be duly recorded in the board records. Conflict of interest statements are obtained from new board members at the first board meeting that they attend, and are updated annually and collected and reviewed by the ceo.”

“The executive directors compensation is recommended by the executive committee after competitive analysis (for similar positions at similar not-for-profit organizations) and in consideration with experience and submitted to the board for approval. The organization does not have any other officers or key employees. The organization has not reported any employees for 2013, as they have entered into an employment agreement with a third party service provider, simploy, inc.”

“The various documents are available upon a written request addressed for the organization's office.”

“Simploy management services: program service expenses 343,832. Management and general expenses 73,679. Fundraising expenses 73,679. Total expenses 491,190. Contract service fees: program service expenses 127,800. Management and general expenses 0. Fundraising expenses 0. Total expenses 127,800.”

“During 2013, the foundation restructed a prior grant payable agreement with a recipient, washington university. As a result of the restructing, the foundation reduced its grant payable committment and related discount on the grant payable to the university by $106,297. This restructuring was relfected on the 990 for 2013 as a reduction of grant expense for the current year. The full amount was reported as a grant and on schedule i in the prior years when the original committment was made to the university.”

“Change in value of perpetual trusts 250,689.”