Community Foundation of Jackson Hole

“A limited number of unrelated current and former directors have business relationships with each other, such as serving on common boards and having ownership interests in the same business entities. With the exception of standard business accounts held at local banks, none of the entities through which these directors have business relationships engaged in any transactions with the foundation. One current director is employed by a related organization.”

“The foundation's director of finance & operations and executive vice president-cfo work closely with the foundation's auditors to prepare the form 990. The director of finance & operations, executive vice president-cfo, and the audit committee subsequently review the final draft for accuracy and completeness. Prior to filing the form 990, the executive vice president-cfo provides a copy to the directors. To facilitate its review, the executive vice president-cfo walks through the form 990 final draft at a board meeting, highlighting any items of note or changes from the prior year and addressing any questions that arise.”

“All foundation staff, directors and committee members complete a conflict of interest policy & disclosure form annually. The form includes a copy of the conflict of interest policy and form for disclosing any potential conflicts. The forms are collected and reviewed by the foundation's executive vice president-cfo. Potential staff conflicts must be approved by the foundation's executive committee. Board members and committee members self-regulate and monitor each other, along with staff input. Individuals with a conflict of interest are prohibited from participating in deliberation and voting. Individuals with conflicts recuse themselves when necessary, with such action noted in meeting minutes.”

“The president's performance and compensation are reviewed at least annually by the foundation's compensation committee. Compensation is based upon the foundation's approved compensation philosophy and includes a review of the council on foundation's annual salary survey, the most recent nonprofit salary survey for jackson hole, and current knowledge of compensation levels for leaders of other local nonprofits. The achievement of agreed upon goals for the prior year, both quantitative and qualitative in nature driven by the foundation's long-range plan, is also taken into consideration. The compensation committee recommends any merit bonus for the prior year and compensation for the coming year to the executive committee for approval. All board members have an opportunity to review and discuss the executive committee's compensation recommendations during a board meeting executive session. Compensation for the executive vice president-cfo and vice president-philanthropic services is determined and approved by the president using a similar format.”

“The foundation's form 990 is available upon request from the foundation and on guidestar. Its availability is noted on the foundation's website and in the annual report. The foundation's audited financial statements are available upon request and are posted on the foundation's website. The governing documents, form 1023, conflict of interest policy, and other board-approved policies are also available upon request.”

“UBI FROM K-1S -17,749.”

“The process has not changed from the process used in prior years.”