San Antonio Area Foundation

“The executive committee is composed of the officers of the foundation: the board chair, the immediate past chair, the vice chair, the president, the treasurer, and the secretary. In addition, the chair may appoint additional directors to the executive committee. The executive committee shall exercise the powers of the board of directors in the interval between meetings of the board, provided, however, that it shall have no power to revoke any prior policy of the foundation which has been established by the board, and its powers may be further limited by the board of directors at any time.”

“A detailed review of the form 990 was performed by the san antonio area foundation's audit committee. All committee members received a copy of the form 990. Once accepted by the audit committee, a copy of the form 990 was provided to each member of the board of directors before filing with the irs.”

“The san antonio area foundation has a written conflict of interest policy that requires all members of the board of directors to annually disclose potential conflicts of themselves and their family members on a questionnaire. The questionnaires are reviewed for conflicts. Any questionnaires that disclose potential conflicts are brought before the board of directors for review. No member with a financial conflict shall evaluate or vote on any matter in which he or she has a financial conflict of interest and shall not use his or her personal influence with other responsible members to approve or disapprove any action by the foundation related to the matter. Members who have an emotional conflict of interest or an apparent conflict of interest may continue to participate in the discussion and may vote on the matter if no financial conflict of interest exists provided that the member first discloses his or her emotional or apparent conflict of interests.”

“The san antonio area foundation uses the ceo evaluation form received from the council on foundations. The foundation provides the evaluation document along with the accomplishment report to each member of the board of directors for completion. All replies are sent directly to a single member of the governance committee to compile in a report for the committee chair to review. The governance committee chair meets with the board chair to review the compilation. The compilation is then presented to the remaining members of the board of directors in an executive session. The board chair meets with the ceo to address any issues. In regard to other officers and key employees, the ceo prepares a human resources analysis that includes a council on foundations compensation summary with the most recently available base salaries. The ceo uses this information to make salary recommendations for all staff, which are reviewed and approved by the finance committee and the board of directors.”

“The foundation makes its governing documents and conflict of interest policy available to the public upon request. The audited financial statements, form 990 and quarterly investment reports are available on the foundation's website.”

“Change in value of split interest -527,013. Transfers 179,751. Transfer of beneficial interest in john l. Santikos trust -2,564,566. Closing out of unicity net assets 8,482. Other adjustment -32,034.”

“The financial statements were audited on a consolidated basis. The audit committee assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed from prior year.”