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 at a board meeting. 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 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.”

“On an annual basis, the executive cormmittee of the board completes an employee review of the executive director. The review process is managed by the vice-president. A comprehensive review document is used that involves a report on results of the prior period by the employee followed by an assessment by the executive committee with input from the entire board of trustees. In circumstances where the executive cormmittee 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. It has been the practice of the executive committee to meet, but not exceed, the median salary of peer community foundations based on asset size and geography.”

“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 requester will be charged a reasonable fee for the cost of copying, plus postage. Additionally, these documents will be available on the foundation's website at www.bluemountainfoundation.org. 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. Blue mountain community foundation has an independent financial audit performed annually. Audits for the current and prior year are available for review. Please contact us. Our financial statements are currently audited by anastasi, moore & martin, pllc of spokane, washington. The foundation does submit its irs form 990 on a timely basis. The most current irs form 990, or any other irs filing such as irs form 990-t that bmcf might file, is available for review on its website at http://www.bluemountainfoundation.org/finances or to request a copy, contact us. The foundation's governing documents are available for public inspection upon request.”

“Change in value of split-interest agreements -70,205. Agency fund contributions -895,563. Agency fund net investment activity -214,634. Agency fund grants 486,897.”

“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.”