Brent Eley Foundation

“The board president, Donn Eley, and board member, Linda Eley, are spouses.”

“During 2016, the Foundation's and Center's bylaws were amended in an effort to evolve the documents to reflect the more advanced organizational structure (with more clearly defined board and staff functions), and to conform them to current Colorado law and best practices. Various changes were made, including the following: -All prior amendments were consolidated and incorporated into the main documents, through the process of "amendment and restatement". -Several unnecessary provisions were eliminated. -A clarification was made that both documents may be amended either by the Center's board of directors with the Foundation's approval, or by the Foundation unilaterally. -The requirement for and formalities associated with an annual member meeting were eliminated, to streamline how decisions can be made by the Foundation as the sole voting member of the Center. -The provisions regarding the number, election and staggered terms of directors, and how and when vacancies are filled, have been simplified and made more flexible. The provisions around the timing of board meetings and notices have been clarified and conformed to the Foundation's bylaws. -The Center's board has been given greater flexibility in how it can take action. Specifically, directed proxies will be allowed, as well as written action in lieu of a meeting by less than unanimous consent and participation. -A clarification has been made that directors must be volunteers, whether they are providing services as a director or as a board officer. -More description has been added to some of the officer descriptions.”

“The completed 990 and schedules are reviewed by Brent Eley Foundation's Controller, Brent Eley Foundation's Executive Director, the President and Treasurer of the Foundation, and Brent Eley Foundation's Internal Affairs Committee. Following this review, a copy is given to each voting member of the board of directors before its submission to the IRS.”

“At an annual meeting, the members of the board of directors review the conflict of interest policy statement and state any potential conflicts of interest according to the policy. They are asked to sign a policy statment annually disclosing any existing conflicts of interest and the mitigating steps being implemented to resolve the conflicts, or confirming that there are no conflicts of interest. Employees are also asked to complete and sign a conflict of interest questionnaire upon hire and on an annual basis thereafter. Compliance with the policy is monitored by the Executive Director.”

“Comparable data from the annual wages and salary survey published by the Colorado Non-profit Association is used to determine salaries of incoming staff. This report is categorized by size of organization, budget, job description and is used regularly to determine base salaries. Staff salaries are determined by the Executive Director in consultation with the President of the Foundation. The Executive Director's salary is determined by the Board of Directors who based compensation on performance and on that of similar positions at other organizations of similar size and budget in the community.”

“The Foundation's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“There were no changes in the organization's audit oversight or selection process during the year.”