Friedkin Conservation Fund

“The following officers and directors of the organization (Thomas Dan Friedkin, Marcus A. Watts, Kimberley A. Jacobson, Maria S. Rivera, and Joshua R. Holm) had a business relationship with one another. All persons were officers in the same business entity in 2015.”

“Form was reviewed by the Tax Senior Manager and Senior Counsel. Emails were sent to accounting, legal, and payroll departments to ask for assistance with some of the questions. A copy of the return was provided to all current members of the governing board.”

“The organization makes its governing documents and financial statements available to the public upon written request.”

“A Conflict of Interest Policy (the "Policy") with an effective date of November 1, 2011, was adopted by unanimous written consent of the Board of Directors. The entity monitors and enforces compliance with the Policy by requiring directors and officers to sign annual statements affirming their receipt of a copy of the Policy, that the Policy has been read and understood, and that the Policy and purpose of the organization's activities will be complied with. In addition, periodic reviews are conducted to ensure operations are conducted in a manner consistent with the organization's charitable purposes and to ensure that the organization does not engage in activities that could jeopardize its tax-exempt status.”

“A written whistleblower policy and a written document retention and destruction policy were adopted with an effective date of November 1, 2011.”

“Based on legal advice from outside consultants, the organization withdrew from the following states during 2015: al, ak, ar, co, ct, fl, il, me, ma, mn, nc, nd, oh, ok, or, sc, ut, wa, and wi. The organization is not required to provide a copy of the 2015 form 990 to these states. At the end of 2015, the organization was registered with the following states: ca, nv, and tx. A copy of the 2015 form 990 is required to be filed with california. Nevada and texas do not require the organization to provide a copy of the 2015 form 990.”

“2015 members of the board of directors: marcus a. Watts 01/01/2015 - 06/12/2015 thomas d. Friedkin 01/01/2015 - 12/31/2015 kimberley a. Jacobson 01/01/2015 - 06/12/2015 eric f. Williamson 06/13/2015 - 12/31/2015 joshua r. Holm 06/13/2015 - 12/31/2015”

“On may 10, 2015 the organization received an unusual grant of a helicopter with fair market value of $440,000. The organization received an appraisal and completed form 8283, which was provided to the donor. The organization was unaware of the requirement to complete form 1098-c at the time of the donation and inadvertently failed to complete form 1098-c by the required due date. Form 1098-c will be filed by the organization and provided to the donor after the filing date of this form 990.”