Jewishcolumbus

“The Chief Financial Officer and the Chief Executive Officer review a draft of the federal Form 990 and recommend any changes to the tax preparer. The revised federal Form 990 is then distributed to the Finance Committee for final review. The full board is provided with a copy of federal Form 990 prior to filing with the IRS.”

“In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the trustees and members of committees with board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. The conflict of interest policy is provided to all board members at the beginning of each fiscal year. Each officer, trustee and member of a committee with board delegated powers shall annually sign a statement which affirms such person: A. Has received a copy of the conflict of interest policy, B. Has read and understands the policy, C. Has agreed to comply with the policy, and D. Understands the foundation is charitable and in order to maintain its federal tax exemption must engage primarily in activities which accomplish its tax-exempt purposes. If the Board or Committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the Board or Committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate corrective action.”

“Compensation is reviewed by JewishColumbus' Volunteer Personnel Committee and then approved by the Board of Directors. The Finance Committee reviews salary levels of agency executives with comparable endowment programs through the use of federal Forms 990 and published nonprofit salary guides. Budget is subsequently acted upon by Executive Committee and Board.”

“Copies of governing documents, conflict of interest policy, and audited financial statements are available to the general public upon written or verbal request to JewishColumbus for the same period of time as set forth in the Internal Revenue Code section 6104(d).”