Clarence Day Foundation

“The following directors are employed by the supported organization: robert m. Fockler, mack e. Mccaul, jr. And wesley tomlinson larue. These class i directors of the organization are therefore not technically considered independent. However, as representatives of the supported organization, they ensure that the organization's mission is carried out.”

“The foundation distributes the form 990 return to its directors via email prior to its filing. The directors review it and respond to the treasurer with any questions or concerns. If the treasurer does not have any unanswered inquiries after a reasonable period of time, then he will consider this as approval for the form 990 to be filed.”

“Conflict of interest form 990, part vi, line 12a on an annual basis, all directors are required to review the conflict of interest policy and sign it to acknowledge intent of compliance.”

“The foundation does not have any paid staff. All compensated officers are employed by the related supported organization.”

“The foundation's form 990 return is maintained in the organization's office. This document is available upon request. Additionally, it is also available on the web site www.guidestar.org.”

“The foundation's governing documents, policies, and financial statements are maintained in the organization's office. These documents are available upon request.”

“The foundation is not audited as a separate entity. However, it is subject to audit during the combined audit of the supported organization and its affiliated organizations. These audited statements were reviewed in detail by the supported organization's audit committee, and subsequently accepted by the supported organization's directors. An unqualified opinion was issued by the independent accounting firm that performed the audit. These are the same procedures as prior year.”