The Marc Foundation

“The Organization has delegated bookkeeping and daily operational duties to Marc Community Resources, Inc.”

“Copies of the 990 and all related schedules are sent out to the entire Board of Directors for review. Any questions the Board might have are directed back to the Chief Financial Officer. The 990 is then discussed at a full board meeting and approved by the Board of Directors.”

“Enforcing the policy on conflicts of interest is the responsibility of the Organizations Board of Directors. The board dedicates one meeting per year to 1 Ensure all conflict of interest statements have been received, 2 Ensure conflicts are fully understood and implications discussed and disposition agreed upon, 3 Ensure the board members with conflicts, if any, follow policy with respect to voting on matters that they may have a conflict with, and 4 Recommend enhancements to existing forms, policies and training related to conflicts of interest.”

“The Organization does not currently have any paid officers or employees. However, a compensation policy is in place that would require the Board as a whole, or the Executive Committee to review the compensation of all officers by comparing their compensation to compensation of individuals in like positions, in like organizations using Forms 990, compensation studies and other available date. The Board or Committee would then approve any changes in compensation based on this information.”

“The Organization will provide in a timely manner, copies of all policies, procedures, annual financial audits and 990s when requested in writing and in person.”

“The Board of Directors are responsible for all business, finances, property, policy and affairs of the Organization”

“Temporarily Restricted Net Assets are net assets subject to donor restrictions that may or will be met by expenditures or actions of the Organization and/or the passage of time. Permanently Restricted Net Asset are net assets whose use is limited by donor-imposed restrictions that neither expire by the passage of time nor can be fulfilled or otherwise removed by action of the Organization. The restrictions stipulate that resources be maintained permanently, but permit the Organization to expend the income generated in accordance with the provisions of the agreements. The Foundation for People with Disabilities net assets have the following restrictions 1 some funds, and their associated investment income, must be used for preschool-aged children and / or adults with severe disabilities who receive services at Marc Community Resources and 2 some funds, with their associated investment income, must be used to provide grants to individuals with disabilities, and their families, as appropriate, for the purchase of adaptive aids, equipment, program materials, and other facilitative devices which support a disabled individuals effort to become more self-sufficient and independent.”

“The Board has directed staff to move the Foundation for People with Disabilities to work towards becoming the benefactor of more planned giving. These expenses were to consultants to help move that process forward.”