Rsm Us Foundation

“Brian becker, doug opheim, wendy sancewich, donna sciarappa, chuck freeman, rhonda klosler, robbie beyer, and jonathan waterman have a business relationship.”

“Rsm us foundation has one member, rsm us llp, an iowa limited liability partnership.”

“Rsm us foundation's (the foundation) member, rsm us llp, appoints and may remove foundation directors.”

“Rsm us foundation's (the foundation), rsm us llp, reviews the affairs of the foundation and takes action it deems appropriate in accordance with the foundation bylaws. The bylaws provide that the following board actions must be reviewed and approved by the member: (a) amendment or restatement of foundation articles of incorporation or bylaws (b) merger, consolidation, dissolution, or winding up of the foundation; and (c) other matters as may be required by law to be submitted to the member, or which the board determines should be submitted to the member”

“The form 990 is reviewed in draft form by the full board of directors. All questions and concerns are addressed and resolved before becoming final. The final form 990 is provided to the full board of directors prior to filing with the irs.”

“All officers and directors (interested persons) are required to disclose the existence of a potential or actual financial interest or business relationship that would represent a conflict of interest according to the organization's bylaws. Rsm us foundation (the foundation) monitors and enforces this policy on a consistent basis. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he or she shall leave the board meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board members shall decide if a conflict of interest exists. An interested person may make a presentation at the board meeting, but after the presentation, he or she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. The board shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the board shall determine whether the foundation can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the board shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the foundation's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement. If the board has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the board determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“Rsm us foundation makes its governing documents, audited financial statements, and conflict of interest policy available to the public upon request in the same time and manner as other disclosures required under internal revenue code section 6104.”

“There have been no changes to the committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant or its processes.”

“In 2024, rsm us foundation determined that it was more appropriate to include in column (b) (end of year) for line 27 (net assets without donor restrictions) certain items included in prior year forms 990 in line 31 (retained earnings, endowment, accumulated income, or other funds), respectively. Conforming adjustments have been made to the current year beginning of year amounts listed in column (a) of part x.”