Fcnl Education Fund

“The education fund is governed by a board which is appointed by the executive commitee of the friends committee on national legislation(fcnl), a related organization.”

“Prior to submission, the clerk of the finance committee and the treasurer of fcnl education fund review the draft form 990 for the fcnl education fund. Once that review is completed, notice will be sent to the full finance committee and the fcnl education fund board of directors informing them that the draft is available for a minimum of three days for their examination. The form will not be filed until all steps of this review have been completed. The finance committee and the fcnl education fund board shall receive a report of the review and the filing of the form at their next regular meeting.”

“The conflict of interest policy is discussed annually by the education fund board of directors at the first meeting of the calendar year and if needed at other times during the year. At this first meeting of the year, each board member receives a copy of the policy to read and sign. At this point a member should also list any conflicts of which she/he is aware. When an education fund board member becomes aware of a conflict of interest, the member shall give notification in writing to the clerk or assistant clerk. The clerk or assistant clerk will advise and encourage the member regarding appropriate participation in all discussion, advocacy, and decisions of the education fund board related to the subject of the conflict of interest. This policy is also reviewed as a part of new member orientation.”

“The education fund does not directly hire or compensate employees. All employees are employees of the friends committee on national legislation (fcnl), a related organization exempt under section 501(c)(4). When hiring the executive secretary and thereafter for at least every five years, the fcnl executive committee will perform a thorough review to determine suitable compensation. The process is to include a review of comparability data by the executive committee. Comparability data may include compensation surveys and 990s of similar organizations.”

“The fcnl education fund annual report, the federal form 990, the irs determination letter, and the conflict of interest policy are all available to the public upon request. Requests received in writing, by phone, fax, or e-mail will be honored by directing the requestors to the fcnl education fund's website (www.fcnl.org). The current form 990(not including schedule b), the irs determination letter, conflict of interest policy, and the annual report can be found on the fcnl education fund's website in adobe format.”

“Change in value of interest planned giving agreeements 315,529. Other changes in net assets 68,012.”