John Austin Cheley Foundation

“A small change was made to the bylaws and was approved by the board in april, 2016. The change was as follows: article iii the board of trustees section 2. Number, election and term. The number of trustees of jacf may vary as the board may determine, provided that the number shall be no fewer than nine (9) and no more than twenty 2 (20).this represented an increase in the maximum number of trustees from the previous maximum of 18.”

“The 990 is reviewed by the finance and audit committees before it is filed. A copy of the 990 is provided to each trustee before it is filed.”

“The policy is signed annually at the spring board of trustees meeting, or if a new trustee is brought on thereafter. At the time, anyone with a potential conflict of interest is required to discuss the potential conflict of interest with the chair of the audit committee. The audit chair determines the significance of the conflict of interest and makes a recommendation to the board about whether the trustee needs to step down or recuse himself/herself from certain issues or decisions to be made by the executive committee.”

“The executive committee of the board serves as the board level hr committee. For determination of the executive director's salary, it collects comparability data from several salary surveys, including colorado non-profit association and mountain states employers council. There is a policy that the foundation compensates its executive director within a 80- 120% range of the market median compensation for the position of comparable organizations. The actual salary range is then approved by the board of trustees and the actual salary is determined by the executive committee.”

“990's are posted on the organization's website guidestar and cogives.org website. Audited financial statements are posted on the organization's website. Governing documents and policies are available upon request.”

“Jacf funds need-based camperships to high potential youth to attend extended-stay wilderness summer camps that have a proven track record of positively impacting youth development. The foundation provides a support system to prospective campers and their families to assist in the completion of the campership and the camp applications and in preparing the camper and the camper's family for camp. We also provide a "capstone experience" that requires our applicants to complete a service project to earn their final year of funding.”