North Valley Community Foundation

“The foundation amended its articles of incorporation and bylaws to change the purpose statement. Formerly the specific purpose was "to advance the educational, sociological and cultural interests of the communities within the northern california valley area." the specific purpose was expanded as follows: the specific purposes include without limitation the following: 1) to promote and facilitate philanthropy, social action and community engagement 2) to offer planned giving services to individuals, families, businesses, financial advisors and nonprofit agencies 3) to serve as a neutral convener for community concerns and issues 4) to manage "endowments," "donor advised," "nonprofit incubator and other funds created by individuals, families, businesses and organizations or public agencies for the purpose of furthering charitable, educational or religious activities 5) to facilitate and provide grants to qualified nonprofit organizations for charitable, educational or religious purposes without regard to geographic boundaries 6) to encourage, inspire and mobilize social good in northern california and around the globe”

“Several staff members participate in preparation of information contained in the form 990. The ceo, cfo and general counsel review the return after preparation by the cpa firm.”

“The foundation's conflict of interest policy covers both staff and board members. The foundation generally relies on individuals subject to the conflict of interest policy to disclose any conflicts and abstain from participating in the discussion except to provide material details. Individuals with a potential conflict abstain from voting on matters where a conflict exists. Remaining board members will determine if a conflict exists. If other individuals are aware of a conflict, they are asked to raise the issue with the individual having a conflict. The meeting minutes record when covered individuals abstain from discussions or decisions due to a conflict of interest.”

“The cfo (now vice president, administration and finance) is responsible for reviewing comparable data for our president and ceo from community foundation information gathered annually. The board of directors is provided with data and recommendations for compensation for the president and ceo, and must approve any changes. The deliberation and decision are contemporaneously documented. Salaries and wages for other employees are reviewed once a year at the anniversary date of their hire. An overall evaluation of compensation levels and benefits is performed every 2-3 years by comparing our pay and benefits to national surveys of nonprofits and foundations. This assessment was performed in 2018 and will be performed again during fy2021.”

“A statement is published on the the foundation's website that the governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“Following the camp fire disaster we became a recipient of significant donations which resulted in setting up a greatly expanded grantmaking effort including program officers.”