Rose Community Foundation

“The Form 990, including all required schedules, is provided to the Board of Trustees (all of which are voting members) prior to being filed with the IRS. The Foundation asks the members to submit any questions or comments regarding the form 990 within a specified time period prior to the date the return is to be filed. The Foundation's Form 990 is prepared by an independent CPA firm, and the Foundation conducts a thorough review of the return prior to being filed with the IRS. The CFO and staff perform a detail review of all amounts and disclosures in the return and then present an overview of the return to the President & CEO and the Audit Committee. The return will be amended if any changes are deemed necessary as a result of this process.”

“A detailed, written description of each conflict of interest and the procedures followed to clear the conflict are provided annually to the Board of Directors for review. On an annual basis, the Board Secretary makes a report to the Audit Committee with respect to all the current and material actual or potential conflicts of interest known to them and of any actions that have been taken or that they recommend be taken to ensure compliance with this policy.”

“On an annual basis, Chair of the Board of Trustees presents his/her assessment of the President & CEO's performance as compared to the goals and objectives that were established at the beginning of the year. Based on the conclusions of this assessment, along with comparative salary information on both a local and national level from both formal and informal surveys, the Board Chair recommends a salary level to be taken to the Board of Trustees for approval. This practice was updated in 2019. Other employees are budgeted at a board approved percentage along with other salaries and then determined by the CEO by evaluating both market and performance as compared to the goals and objectives that were established at the beginning of the year.”

“The Foundation's Conflict of Interest Policy, 990, and financial statements are available upon request as well as posted on the Foundation's website at www.rcfdenver.org.”

“When the Foundation unveiled our new strategic plan in January 2020, we also announced we would be pausing our grantmaking for at least two quarters so we could operationalize the new plan. But 2020 required something different of us. As the reality and magnitude of the COVID-19 pandemic revealed itself, we shifted our energy and our resources to an equity-driven, multi-phase, multi-faceted response to the health and economic impacts of the pandemic, prioritizing the communities who were most disparately affected. And as the nationwide reckoning around systemic racism gave rise to opportunities and momentum around racial justice, we targeted our grantmaking strategies to support BIPOC-led/serving organizations in our region working toward racial justice and equity across a wide range of issue areas. We also increased our longstanding responsive grant support to local Jewish nonprofits. Additionally, as the Foundation began operationalizing our new strategic plan, we also made proactive transition grants to longstanding grantees.”

“Agency Contributions -2,050,932. Agency Distributions and Expenses 2,003,248.”