Golf Charitable Foundation of Greater Des Moines

“Kristi knous, dan houston and mary coffin have a business relationship since they all serve in an officer and/or board member position at the community foundation of greater des moines, a related organization.”

“The classic operates under an agreement with an event management company for tournament management and bookkeeping services. The agreement was renewed, extending the expiration date to july 31, 2028. The management and bookkeeping fees were $24,500 per month during the fiscal year ended july 31, 2023. The classic also reimburses the management company for the actual salaries of the management company's core tournament staff, plus 25% for employer provided benefits. In addition, the management company receives a bonus equal to 20% of the net operating income as defined in the agreement of the classic. Total management fees paid under this agreement were $979,908 for the fiscal year ended july 31, 2023.”

“The board of directors are nominated by the governance and nominating committee and formally appointed by the governing body of the community foundation of greater des moines.”

“The form 990 is prepared by an independent cpa firm with information provided by the management company of the organization, eventive sports. The form 990 goes through a review process by the executive vp of finance and his team to ensure it is completed consistently with the books and records his team oversees. The form 990 is provided to the finance committee for their review. The finance committee is delegated with the authority by the board of directors to oversee and approve the form 990. Once completed, the full board of directors is provided a copy of the form 990 at its next regularly scheduled board meeting.”

“The organization has a conflict of interest policy that covers any director, officer or member of the board or committee. All covered individuals are required to disclose any actual or possible conflict of interest to the directors and members considering the proposed transaction or arrangement. After disclosure, and after any discussion with the individual, the individual must leave the board or committee meeting while the determination of a conflict is discussed and voted upon.”

“The organization makes its governing documents, conflict of interest policy, and financial statements (audited) available to the general public upon request and at the discretion of the organization.”