Parkersburg Area Community Foundation Inc (Previously Pacf Inc)

“Curtis miller, james strader and randy dick - business relationship.”

“A copy of the 990 is provided to all board members concurrent with the submittal of the form 990. An opportunity to review the form 990 prior to submittal is further provided via conference call access. Members present were afforded the opportunity to review the 990 in detail with representatives of the firm which prepared it, and to discuss it as a group.”

“Each year our board members are provided with a copy of the conflict of interest policy that they have read and agreed to abide by the policy. Those signed sheets are retained in the central office files at 1620 park avenue, parkersburg, wv. Committee members of our grants and scholarship committees, including those of affiliates, are asked to review the conflict of interest policy and to return their signed certifications before the start of their committee work each year and those certifications are also retained. At any meeting, board or committee, members who believe they may have a conflict are required to verbally express their potential conflict in the presence of the group and a record of that expression is made in the official minutes of that particular meeting. In any cases where a potential conflict exists, those members are not allowed to vote on the issue about which a conflict may exist and their absenteeism from the vote is noted in the official minutes of that particular meeting.”

“Annually, the process for determining the compensation of the executive director includes a review of the council on foundation's compensation survey data for community foundations that compares the foundation director's compensation against those of community foundations of similar size, structure, and geographic part of the country. In addition, data is gathered on the compensation of other individuals in similar roles in approximately ten different wv and oh community foundations, private foundations, nonprofit organizations, and other like positions, for the purpose of making a local-level comparison, to balance information gleaned from the national council on foundations survey data. A personnel/finance committee of five persons including the foundation chairman, and four knowledgeable board members independently reviews this data and applies it in the process of deliberating and determining what to recommend to the board of directors for its consideration.”

“Parkersburg area community foundation's governing documents, conflicts of interest policy, and financial statements are made available to the public upon request. In addition, our financial statements are made available to the public through their publication in our annual report, 2300 copies of which are distributed annually, as well as when we file annually as a charitable organization with the west virginia secretary of state's office.”

“Independent accountant selection for annual audit: the committee selection process for the independent accountant engagement selection has not changed from the prior year.”