El Paso Community Foundation

“The audited financial statements and Form 990 are reviewed by the El Paso Community Foundation (EPCF) audit committee. Before filing, a copy of Form 990 is made available for its review to each Director a few days prior to the scheduled Board meeting. At such meeting, the Form 990 is presented by the auditor and internal accountant of EPCF for review and discussion.”

“At the EPCFs annual meeting, each Director and committee member is provided with the policy and a form to complete and disclose all relationships and activities that might cause conflict.”

“The Executive Review Committee of EPCF evaluates the Presidents performance annually. It also reviews the Presidents job description with the President. The committee uses comparable data from other foundations to recommend a compensation package to the Board of Directors.”

“The Executive Review Committee of EPCF also evaluates and reviews the performance of all other officers and key employees in accordance with the Presidents recommendations and utilizing comparable data from other foundations and similar organizations and recommends a compensation package to the Board of Directors. The Board of Directors' decision is documented in its meeting minutes.”

“EPCF makes available its Audited Financial Statements through its website. Governing documents, Conflict of Interest Policy, Form 990 and Form 990-T are made available upon written or verbal request.”

“Journalism Pilot Program with various strategies to help preserve and protect high-quality, fact-based and trusted journalism and local newsrooms.”

“OTHER PROGRAM SERVICES 4: Coronavirus Relief Programs - The Foundation launched a COVID-19 Vaccine Education campaign to help mitigate the spread of COVID-19 and raise awarness for vaccine access in our region. Continued providing meals to clinicians and other healthcare workers and providing assistance to displaced food industry workers. The foundation responded to the negative economic impact that COVID-19 caused by providing forgivable and zero-interest rate loans to eligible FASTER Program applicants. OTHER PROGRAM SERVICES 5: The Teacher Pipeline Fund supports the work of a El Paso Teacher Preparation Community of Practice created to ensure an equitable education system that meets the needs of all students in the region. The goal is for 100% of new teachers hired by districts in the El Paso region must be trained in sustainable, high-quality programs, and those teachers must be effective and retained. The initiative includes four strategic areas: recruitment into the profession, high quality teacher preparation programs, a year-long paid residency, and early career teacher mentorship.Expenses: $830,127, including grants of $776,000. OTHER PROGRAM SERVICES 6: Journalism Pilot Program with various strategies to help preserve and protect high-quality, fact-based and trusted journalism and local newsrooms.Expenses: $273,823, including grants of $245,000.”

“Losses from uncollectible pledges from prior years = -$277500”