Community Foundation of Northeast Alabama

“Jennifer s. Maddox, president & ceo of the foundation, is a minority shareholder in a board member's (tommie goggans) company.”

“Board members are provided copies prior to the board meeting where the ceo and accounting firm present a copy of the form 990 for detailed review by the organization's board prior to filing.”

“The foundation has a conflict of interest policy and disclosure form that is completed for all volunteers and staff regardless of the capacity of their service. The form includes a signature that confirms that they have read and will adhere to the policy. In addition, every board meeting and most committee meetings begin with a review of the conflict of interest policy and asks each participant to fully disclose any conflict or bias that they have with any agenda item.”

“The compensation recommendations are reviewed annually by the board of trustees. The review consists of: 1) review by the finance and investment committee of the actual compensation budgeted compared with the proposed amount 2) review of actual compensation in comparison to other staff 3) observing comparable salary data from the council of foundations, for other foundations in the u.s. The compensation approval is documented in the board minutes, as well as, the recommendation to approval in committee minutes.”

“The foundation makes its form 990 available for public inspection at the offices of the foundation m-f 8 a.m. To 5 p.m., as well as, on the foundation's website and guidestar in pdf format. The foundation does not have a copy of its form 1023. The foundation tried to obtain a copy from the irs but the irs has destroyed all records prior to 1940. The foundation's form 1023 would be dated 1938.”

“The foundation makes its governing documents and financial statements available for public inspection at the offices of the foundation m-f 8 a.m. To 5 p.m. And on the foundation's website and guidestar in pdf format.”

“Repairs and maintenance: program service expenses 15,622. Management and general expenses 3,844. Fundraising expenses 2,755. Total expenses 22,221. Equipment and supplies : program service expenses 14,712. Management and general expenses 3,471. Fundraising expenses 2,480. Total expenses 20,663. Printing : program service expenses 8,242. Management and general expenses 1,996. Fundraising expenses 1,436. Total expenses 11,674. Continuing education: program service expenses 8,481. Management and general expenses 600. Fundraising expenses 438. Total expenses 9,519. Dues and subscriptions: program service expenses 5,938. Management and general expenses 1,264. Fundraising expenses 910. Total expenses 8,112. Telephone: program service expenses 4,257. Management and general expenses 1,048. Fundraising expenses 751. Total expenses 6,056. Website: program service expenses 2,572. Management and general expenses 633. Fundraising expenses 454. Total expenses 3,659. Miscellaneous: program service expenses 3,340. Management and general expenses 32. Fundraising expenses 0. Total expenses 3,372. Postage and shipping: program service expenses 1,821. Management and general expenses 448. Fundraising expenses 321. Total expenses 2,590. In-kind: program service expenses 953. Management and general expenses 0. Fundraising expenses 0. Total expenses 953. Security monitoring: program service expenses 332. Management and general expenses 82. Fundraising expenses 59. Total expenses 473.”

“Neither the oversight or selection process has changed during the current tax year.”