The Marc Foundation

“The Organization has delegated bookeeping and daily operational duties to Marc Community Resources, Inc MCR which employees its Chief Development Officer. This officer received 74,883 in compensation and benefits from MCR for the fiscal year for services performed for the Foundation.”

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

“Enforcing agency policy on conflicts of interest is the responsibility of Marc Community Resources audit committee. This committee 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 that 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.”

“A compensation policy is in place that requires the Executive Committee of Marc Community Resources, Inc supported organization 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 data. Marc Community Resources Executive 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 Forms 990 when requested in writing or in person.”

“Form 990 Part IX, Line 5 During the prior fiscal year ending September 30, 2018, Mr. Norm Duve was employed by the Foundation through a common paymaster agreement with its related entity, Marc Community Resources, Inc. Mr. Duve is listed on Form 990 Part VII as receving compensation from both the Foundation, the filing organization, and Marc Community Resources, a related organization, for the 2018 calendar year. Form 990 Part IX reports compensation for the fiscal year ending September 30, 2019. A contracted service agreement was in place with Marc Community Resources during the fiscal year ending September 30, 2019, and the common paymaster agreement was not utilized. As such, no officer compensation is reported on Form 990 Part IX, Line 5.”

“The Organization did not issue any Forms 1099. The payments for the services were paid through Marc Community Resources Inc. MRC, and therefore they issued the Forms 1099 directly. The Organization reimbursed MRC for these services payments as indicated on Sch R, Part V, Line 24.”

“Column A beginning balance, Line 22 Loans to Disqualified Persons and Line 25 Other Liabilities, was adjusted to reclassify related-party liabilities from Line 22, Loans to Disqualified Persons, to Line 25, Other Liabilities Related parties.”

“Other Contract Services 48,885 Consultants for Program Development, 43,996 Program, -0- Administrative, 4,889 Fundraising 1,540 Videographer, -0- Program, -0- Administrative, 1,540 Fundraising 750 Graphic Design, 675 Program, -0- Administrative, 75 Fundraising.”

“The board of directors of Marc Community Resources the supported organization has a Risk and Audit Committee that is tasked to oversee the consolidated financial statement audit and select the independent auditor.”