Whale Foundation Inc

“- REVIEW OF FORM 990 After the Form 990 is drafted and reviewed by the organizations outside accountant, then reviewed by the Executive Director responsible for the bookkeeping in detail along with the detailed workpapers. It is then sent to the entire Board of Directors for their review before being finalized and e-filed.”

“- CONFLICT OF INTEREST POLICY The organization has a written Conflict of Interest policy. It is reviewed and signed annually by members of the Board, as well as new board members if installed mid-year. Any potential conflicts of interested are documented. If board members have a conflict, they are excused from voting on any related matter.”

“- COMPENSATION The compensation of the organizations sole employee, the Executive Director, is reviewed and voted upon annually by the Board of Directors at the time of the annual budget approval, along with comparisons to compensation levels at organizations of a similar size. Board members serve without compensation, as volunteers.”

“- The organizations governing documents, conflict of interest policy and financial statements are made available to the public upon request.”

“see Schedule O Grants and allocations 0, Program service expenses 1,500”

“Activity Health insurance stipends, Grantee 10 river guides, Cash Grant 6,750, Relationship”

“Activity Educational scholarships, Grantee 7 river guides, Cash Grant 12,500, Relationship”

“Conferences, conventions, and meetings 691”

“Supplies 1,270”

“Counseling fees 40,843”

“Medical fees paid for constituents 484”

“Training 604”

“Dues subscriptions 248”

“Investment fees 2,682”

“Insurance 680”

“Merchant service fees 1,751”

“Realized unrealized losses on investments see Schedule O for explanation 42,678”

“Rounding 1”

“Inventories merchandise, calendars Beginning of year 1,700, End of year 1,300”

“Prepaid expenses Beginning of year 0, End of year 741”

“Accounts payable accured payroll tax liabilities Beginning of year 13,124, End of year 8,356”

“PRIMARY EXEMPT PURPOSE The Whale Foundation was created in honor of Curtis Whale Hansen to provide confidential access to mental and physical health care professionals and a network of support services designed to restore, promote, and celebrate the well-being of the Grand Canyon river guiding community. The organization celebrated its 26th year in 2022. Services provided include a confidential 24/7 helpline, mental health referrals and counseling, medical/physical health care screening and annual health fair, assistance with medical lab fees and medical insurance premiums, educational scholarships, financial assistance during the Covid-19 pandemic and subsequent economic downturn, career mentorship and several annual community events. The organization benefits from the services of at least 37 volunteers, including all board members the value of these services is not reflected in the financial statements. For more information, please visit www.whalefoundation.org.”

“PROGRAM ACCOMPLISHMENTS - MENTAL HEALTH SUPPORT The Whale Foundation offers free, confidential counseling services to individuals in the Grand Canyon river guiding community to address some of the challenges and uncertainties facing many river guides. In recent years, our clients have seen professional counselors for help with family/interpersonal issues, substance abuse concerns, anxiety and depression, grief or loss, on river and work related issues and transition issues. During the year 2022, 44 clients sought assistance through the confidential 24/7 helpline staffed by licensed counselors. Many were then referred to licensed, case management counselors. On-going counseling sessions with 14 counselors totaled 318 hours during the year, without charge to clients, an increase over the prior year. The organization received reduced rates from the counseling professionals. Quarterly articles describing these available services and the other services described below were published throughout the year in Grand Canyon River Guides publication, Boatmans Quarterly Review. In 2022, four out of 14 of the organizations long-time counselors retired the organization was able to recruit new counselors and now has a core network of 17 counselors available for Whale Foundation clients.”

“PROGRAM ACCOMPLISHMENTS - MEDICAL/PHYSICAL HEALTH SUPPORT The Whale Foundation offers an annual health fair with physical health screenings, in addition to health insurance stipends for individuals. Due to the Covid-19 pandemic, the health fair was planned but cancelled for 2022. Normally it is held during the annual March Guides Training Seminar at Marble Canyon, AZ, hosted by Grand Canyon River Guides, a nonprofit organization, with over 70 clients participating in free physical health screenings provided by a dozen health care professionals. Usually over 4000 of these services were provided without charge to the organization and are reflected in the financial statements. Clients receive follow-up lab work at no charge. During 2022, 10 clients received health insurance stipends, a signifcant increase from the prior year, totaling 6750 to help secure and maintain health insurance policies.”

“PROGRAM ACCOMPLISHMENTS - EDUCATIONAL SUPPORT Since 2004, the Whale Foundation has offered annual educational scholarships, named in honor of iconic river guide Kenton Grua, to Grand Canyon river guides seeking to further their education outside of the field of guiding, whether for a degree, certification or course. In 2022, the organization awarded scholarships of 2,500 each to seven guides, totaling 12,500 up from three guides and 7500 in the prior year.”

“PROGRAM ACCOMPLISHMENTS - OUTREACH/OTHER PROGRAMS The organization continued to maintain its website and improve the information available to its constituents. The organization continued its JEDI work, holding another Point Positive workshop for the guiding community in March 2022.”

“- OTHER EXPENSES Realized unrealized investment losses 42,678 represents the total net loss in investment value, for 2022 for both net realized and unrealized losses on investments for the year. The organization is unable to break out realized from unrealized as the investment reports of the brokerage firm do not include this level of detail and have not provide it upon request. The majority of this net loss is believed to be unrealized and is not unexpected, given the over 19 drop in the SP 500 during 2022. Typically, this amount would be included on Part I, Line 4 Investment Income or line 8 Other revenue, however the tax software would not allow the electronic filing of the return with a negative number on either of those lines.”