National Forest Foundation

“Changes to the national forest foundation by-laws includes reducing the maximum time on the board from 16 years to 12 years. The audit committee description was changed to: the primary function of the audit and finance committee is to assist the board in fulfilling their oversight responsibility for the foundation. The audit and finance committee shall consist of three or more members of the board as determined by the board and each member of the audit and finance committee shall not have participated in the preparation of the financial statements of the foundation at any time during the past three years and shall not enter into any relationship that would interfere with the exercise of independent judgment as a member of the committee. At least one member of the committee shall have past employment experience in finance or accounting, requisite professional certification in accounting or other comparable experience or background which results in the member's financial sophistication. This experience may include having served as a chairperson, chief financial officer or other senior officer with financial oversight responsibilities of a comparable entity. Compensation was updated to reflect no compensation will be paid but travel reimbursement may be provided.”

“After preparation by the foundation's independent accounting firm, the form 990 will be reviewed by the president and the treasurer of the organization. Electronic copy of the form 990, as ultimately filed with the irs will be provided to the board of directors prior to filing with the internal revenue service.”

“The president is responsible for monitoring potential conflict of interest and, when necessary, discusses concerns with the chairman to determine if executive committee review is necessary.”

“The organization makes its governing documents, conflict of interest policy and financial statements available upon request.”

“The board approves annual organizational performance objectives which create the mechanism to evaluate the performance of the executive director. At the end of the fiscal year, the chairman seeks peer input by discussing performance with each member of senior staff at its fall meeting the board goes into executive session for the chairman to report on peer input and seek board input on ed performance. Following the board's executive session the exc. Committee, which serves as the compensation committee meets to review staff and board input, performance against organization performance objectives and determines a bonus based on this information.”

“There were twenty-four board members who served at any time during the fiscal year. All board members who served during the fiscal year are shown in part vii, column a. At the end of the fiscal year, there were only twenty two voting board members.”

“Service contracts: program service expenses 2,873,859. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,873,859. Consultants: program service expenses 57,619. Management and general expenses 35,533. Fundraising expenses 327,931. Total expenses 421,083. Temp staffing /interns: program service expenses 57,242. Management and general expenses 24,157. Fundraising expenses 0. Total expenses 81,399. Collection agreements: program service expenses 1,529,671. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,529,671. Other professional fees: program service expenses 6,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,000.”

“Prior year grant refunds 59,624.”