Columbia Association Inc

“The members are the 10 Board members.”

“The 10 members elect themselves directors.”

“The 990 is presented to the Audit Committee and reviewed by the Board.”

“TheorganizationmaintainsarobustCodeof Business Conductand Policies to whichall employeesare subjectand mustacknowledge in writing.Among other things,theCodedefinesand sets forth policies related to potentialandactual conflicts of interest, withadditional conflict of interest policiesapplicable totheBoard of Directorsand Senior Management.TheGeneralCodeof Business Conduct requires that personnel conductthemselves inaway thatavoids eventheappearance of improper behaviorand would prohibit those persons withaconflict from participating intheorganizations deliberationsand decisions with respect toanyapplicable transaction.Additionally,all employees receiveand must comply withadetailed Policy for Reporting Violations oftheCodeand Business Conductand Policies.Further, members oftheBoard of Directors, Senior Managementand select other employeesannually completeaConflicts of Interest Financial Disclosure Form.Theinformation onthese forms is reviewed for conflicts of interest byan independent Ethics Panel comprised of three outsideattorneys who do no other business withtheorganization forany potential conflicts.Information disclosed intheFinancial Disclosure Forms is cross-checkedagainsttheorganizations comprehensive vendor list toavoidany potential oractual conflicts of interest.Employeesare obligated to updatetheir disclosure forms shouldtheir circumstances changeaftertheannual form is completed.Inaddition totheEthics Panel, potential violations or conflicts of interestamong non-management employeesare reviewed bythePrincipal Ethics Officer.”

“Periodically, CA has a compensation study for all team members to ensure salaries are consistent with market conditions. Also, individual positions are independently benchmarked to the market as needed.”

“The governing documents conflict of interest policy and financial statements are available to the public upon request. Additionally the financial statements, the ethics policies, and governing documents are on CAs website.”

“Program Service Expenses 2,339,474, Grants and Allocations 1000, Revenue 216,000. The Communications Marketing Department informs CA residents about the activities and financial information of the organization and the Board as well as educates residents about Columbias vision, history, and purpose.”

“Columbia Association supports ten village community centers and fourteen neighborhood centers. This support enables residents to conduct civic, educational, recreational, and cultural programs without financial burden. The facilities listed in Schedule I, Part II, are used for village governance, community meetings, youth programs, and cultural events. Since no funds or property were transferred, these activities are not reported as grants or contributions. In accordance with IRS Form 990 instructions, the value of donated use of facilities is not treated as contribution income or grant expense. However, this information is disclosed for transparency as a form of in-kind community assistance. Estimated Fair Market Value Disclosure The estimated fair market rental value of all facilities provided rent-free during FY 2025 was approximately 2,628,534. This figure is presented solely for informational and transparency purposes and is not recognized as revenue or expense on Form 990.”