Community Foundation of Northeast Alabama

“THE BYLAWS WERE AMENDED.”

“Board members are provided copies prior to the board meeting where the ceo and cfo 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 approve 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 is 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.”

“Hr services: program service expenses 7,086. Management and general expenses 5,375. Fundraising expenses 152. Total expenses 12,613. Security monitoring: program service expenses 321. Management and general expenses 132. Fundraising expenses 56. Total expenses 509. Technology: program service expenses 16,133. Management and general expenses 3,978. Fundraising expenses 1,989. Total expenses 22,100.”

“Printing: program service expenses 9,950. Management and general expenses 4,107. Fundraising expenses 1,737. Total expenses 15,794. Continuing education: program service expenses 7,257. Management and general expenses 2,995. Fundraising expenses 1,267. Total expenses 11,519. Contract labor: program service expenses 3,418. Management and general expenses 6,347. Fundraising expenses 0. Total expenses 9,765. Repairs and maintenance: program service expenses 5,808. Management and general expenses 1,768. Fundraising expenses 842. Total expenses 8,418. Website: program service expenses 5,300. Management and general expenses 2,188. Fundraising expenses 925. Total expenses 8,413. In-kind: program service expenses 2,880. Management and general expenses 1,189. Fundraising expenses 503. Total expenses 4,572. Postage and shipping: program service expenses 1,937. Management and general expenses 675. Fundraising expenses 323. Total expenses 2,935. Miscellaneous: program service expenses 204. Management and general expenses 84. Fundraising expenses 35. Total expenses 323.”

“The foundation has not changed either the oversight or selection process since the prior return.”