Rose Community Foundation

“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. 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. Conflicts of interest that are cleared are documented in the relevant committee meeting minutes. On an annual basis, each committee chair provides the Board Assistant Secretary with a written description of any conflicts of interest and the procedures followed to address them, in accordance with this policy, to be maintained on file.”

“A detailed, written description of each conflict of interest and the procedures followed to clear the conflict are provided annually to the Audit Committee for review. On an annual basis, the Audit Committee makes a report to the Board of Trustees 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. Other employees' compensation is budgeted through a board-approved percentage pool. Allocation of this pool is determined by the CEO, with input from department managers, based on an evaluation of market comparability and individual performance relative to established annual goals and objectives.”

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

“Agency Contributions -1,606,219. Agency Distributions and Expenses 1,629,974.”