Blue Mountain Community Foundation

“After completion of the irs form 990, it is circulated to the audit committee for review prior to submission and later made available to the board of trustees via email. However, in order to preserve donor anonymity, schedule b is not included in the copy provided to the audit committee or the board.”

“The implementation of the conflict of interest policy begins with a written disclosure by all foundation trustees, officers, employees, and volunteers. Then, in a matter where a decision is to be made that involves a disclosed conflict, a discussion takes place to decide how the matter proceeds. The conversation centers on whether the person with a conflict will participate in the discussion and/or the decision. Once a fair process is determined in keeping with the policy, then a group decision is made. The matter is recorded in the minutes of the meeting.”

“Typically on an annual basis, the executive committee of the board completes an employee review of the president/ceo. A comprehensive review process is used which involves a report by the ceo on results of the prior period and an assessment by the executive committee with input from, or full assessment from, the entire board of trustees. In circumstances where the executive committee believes that a change in compensation is appropriate, it is first determined whether there is capacity in the budget to make any increase. Then, the executive committee uses salary data gathered from local sources and the council on foundation's salary and benefits survey.”

“Blue mountain community foundation will make available for public inspection the last three years of its tax documents, including internal revenue service forms 990 and 990-t (if applicable). The copies available for public inspection will not include any support schedules with contributors' names. If the request for any of these documents is made in person, the requested documents will be provided on the day of the request, if possible. If the request is in writing (including email), copies will be provided within 30 days of the request. The requestor will be charged a reasonable fee for the cost of copying, plus postage. Additionally, the current and prior year 990 and 990-t (if applicable) are made available on the foundations website at https://www.bluemountainfoundation.org/finances/audits-and-990/. An organization is only required to make its form 1023 available to the public if it filed for exemption after 7/15/1987, or if it filed for exemption prior to 7/15/1987 and had a copy of its form 1023 at 7/15/1987. The foundation applied for tax exempt status in 1986 and does not have a copy of its form 1023 available. As such, it is not required to make a copy of its form 1023 available for public inspection.”

“Blue mountain community foundation has an independent financial audit performed annually. Annual audited financial statements for the current and prior year are currently made available for review on our website at https://www.bluemountainfoundation.org/finances/audits-and-990/. Our financial statements are currently audited by cordell, neher & company, pllc of wenatchee, washington. The foundation reserves the right to amend any policy, procedure, or agreement which, in the sole discretion of the foundation's board of trustees, should be changed.”

“The audit committee is responsible for the selection of the independent auditors as well as overseeing the audit of the financial statements. The policies and procedures to accomplish these tasks have not changed from the prior year.”

“Change in value of split interest agreements -358,516. Fas 136 agency related transactions -1,200,596.”