Sands Family Supporting Foundation Inc

“Richard sands, president, and robert sands, vice president, are brothers. Abigail bennett is the niece of richard sands and robert sands.”

“Employees of rochester area community foundation perform certain administrative functions for the organization.”

“The finance committee members of rochester area community foundation, an affiliated organization (racf), are each emailed a copy of the form 990 prior to the 990 being filed. They are given approximately two weeks to review the document. During that time they ask the senior vice president and cfo any questions or concerns they have about the 990. The senior vice president and cfo addresses and resolves all questions and issues on the 990. The individual finance committee members submit their approval by email. Once approved by all finance committee members, the form 990 is emailed to the racf board of directors for their review. The form 990 is also emailed to the sands family supporting foundation's board of directors for their review. The form 990 is discussed at the next racf board meeting prior to the form 990 being filed. It is a separate agenda item for the racf board meeting, giving the members an opportunity to discuss any questions that they might have.”

“Officers, directors, key employees and staff are required annually to complete a "conflict of interest" form. This form asks the individual to disclose all current positions or relationships in which they are involved or which may pose a potential conflict of interest, and shall further disclose any subsequently established relationship that may be perceived to be a potential conflict of interest. It is our policy that throughout the year at board and committee meetings that all conflicts of interest, including potential interests, shall be disclosed, and that directors and committee members shall refrain from voting upon any board or committee action involving the entity with which there may be a conflict.”

“The senior vice president and cfo provides compensation history and salary/benefit comps from local and national peers to the executive committee. An executive session of the executive committee is followed by a meeting with board member to share performance review. Chair prepares salary recommendation for executive committee. Full executive committee ratifies salary recommendation; chair communicates in writing to board member and senior vice president and cfo.”

“The governing documents, conflict of interest policy and financial statements of the organization are available to the public on request. In addition, our financial statements and form 990 are available on our website www.racf.org.”

“The rochester area community foundation's audit committee is responsible for the review and approval of the audited financial statements.”

“Sands family supporting, inc. Is an affiliate of rochester area community foundation (racf). As such, a single financial statement audit is performed on rochester area community foundation and its affiliates. Therefore, the information provided is based upon sands family supporting foundation, inc. As if a stand-alone financial statement of this entity was prepared.”