John Randolph Foundation Inc.

“990 is provided in electronic or paper form to all trustees for review. 990 is reviewed in detail by the cfo, executive director, and audit committee.”

“Employees may have outside busines interests and outside meployment so long as these do not interfere with job performance or create apparent or actual conflict of interest. Employees may not earn profit from outside employment or a business that directly results from affiliation with the foundation. Employees of the foundation shall not serve on the boards of any organizations that have historically applied for grants from or done business with the foundation on more than one occasion. Nor may they serve on the board of any organization that by nature of its mission can reasonably be expected to apply for grants or do business with the foundation in the future. Before agreeing to serve on any outside board, an employee must secure in advance the written approval of the executive director. Before agreeing to serve on any outside board, the executive director must secure in advance the written approval of the board president.”

“The executive director and executive committee, with board approval, shall establish and update compensation ranges for each position, which shall be commensurate with the nature of the position, taking into consideration the diversity and complexity of duties, judgment exercised and the qualifications required. Total employee compensation shall include, but is not limited to, salaries, benefits of financial value and other compensation. Compensation ranges shall be reviewed annually against relevant benchmarks and updated as indicated.”

“The organization makes its financial statements available to the public upon request.”

“Professional fees: program service expenses 81,853. Management and general expenses 14,941. Fundraising expenses 0. Total expenses 96,794.”

“The process has not changed from the prior year.”