The Fertel Foundation

“Upon completion of the final draft of form 990, a copy of the draft is sent to each member of the board with the instructions and time frame for submitting questions or comments. At the completion of the review, any approved modifications are incorporated into the final form 990 and it is filed with the irs.”

“The foundation annually requires all employees and trustees to disclose any potential personal or business associations which could be perceived as a conflict of interest. Throughout the year trustees are reminded to disclose any new relationships where a conflict of interest may be present. New trustees and new employees are also required to attend an orientation where this specific topic is discussed.”

“Presently this organization does not pay any compensation to any individual. However, the executive committee of the board of the greater new orleans foundation meets annually to review the compensation of the president and ceo,the senior management of the foundation, and any individual paid by the supporting organization. The review consists of comparisons to other non profits in the field and in the geographical area. The committee also reviews annual compensation surveys and overall market trends in the industry. This information is contemporaneously documented in the written minutes of meetings held.”

“The foundation follows the policies and procedures of the supported organization, the greater new orleans foundation (gnof). This form as well as various policies and procedures are made available to the general public upon request. Gnof notifies the public of this option in various mailings and publications throughout the year.”

“In the organizational documents for the fertel foundation there is a requirement that the president and ceo of the greater new orleans foundation ("gnof"), the type i-supported organization, to serve on its board. Andrew kopplin, the president and ceo of gnof, is compensated by gnof as an employee of gnof. This related salary information is reported on form 990, part vii, columns e and f and in schedule j part ii.”

“Consulting fees for conference: program service expenses 43,632. Management and general expenses 0. Fundraising expenses 0. Total expenses 43,632.”

“During 2018, the fertel foundation signed a financing agreement with beyond a reasonable doubt, llc for the making of a documentary. The principal loan amount to beyond a reasonable doubt, llc is $50,000. This financing agreement represents a loan to beyond a reasonable doubt, llc and does not represent an ownership interest in the llc. The organization has consistently issued grants or made investments that focus on public interest areas such as education, the arts, and social justice, and views this loan as an impact investment in the area of public education. The investment aligns with both the fertel foundation's mission and the mission of gnof, the supported organization, "to drive positive impact through philanthropy, leadership, and action in the greater new orleans region".”

“This process has not changed from the prior year.”