United States Foundation for The

“The foundation distributes its federal form 990 and related schedules to its executive committee for review. Upon approval a draft copy is distributed to the full board of directors before filing with the internal revenue service.”

“Each fiduciary shall sign an annual statement that he or she: (1) has received a copy of the corporation's conflict of interest policy; (2) has read and understands the policy; (3) agrees to comply with the policy; (4) understands that the policy applies to the board of directors and all committees having board-delegated powers; and (5) understands that the corporation is a tax-exempt organization and that in order for it to maintain its tax-exempt status, it must continuously engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

“The process for determining the compensation of the executive director includes review and approval by the board of directors, all of whom are independent. The board of directors uses compensation data from comparable organizations of similar size and type to evaluate reasonableness. The decision, including the data used and approval, is documented in the board meeting minutes at the time of the determination. Form 990, part vi, section b, line 15b: the organization does not have any officers or key employees other than the executive director.”

“The foundation posts its filed version of the federal form 990 and audited financial statements on its public website. Its governing documents are available to the public upon request.”

“Performance production services: program service expenses 1,225,701. Management and general expenses 518. Fundraising expenses 143. Total expenses 1,226,362. Consulting services: program service expenses 215,183. Management and general expenses 37,286. Fundraising expenses 0. Total expenses 252,469. Video production: program service expenses 20,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,000. Public property maintenance: program service expenses 17,516. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,516. Payroll processing: program service expenses 0. Management and general expenses 1,674. Fundraising expenses 0. Total expenses 1,674. Publishing: program service expenses 321. Management and general expenses 18. Fundraising expenses 61. Total expenses 400. Professional development: program service expenses 24. Management and general expenses 35. Fundraising expenses 10. Total expenses 69.”

“Write off of prior year pledge -100,000. Donation of works of art -1,074,445.”

“There has been no change in the oversight process of its financial statements and selection of auditors.”