Eden Area Foundation Inc

“Form 990 is prepared by an outside tax professional. The form is then reviewed bythe organization's management, a member of the board of directors, and the board treasurer. This group of individuals then discusses the contents of the return withthe outside tax professional. After a full review (with modifications wherenecessary), the final version of the tax return is provided to all members of the organization's voting body. The board treasurer authorizes the final form 990 which is then e-file with the internal revenue service.”

“Members OF THE BOARD OF DIRECTORS REVIEW ALL POTENTIAL CONFLICTS OF INTEREST ATLEAST ANNUALLY. ALL of the BOARD MEMBERS ARE REQUIRED TO DISCLOSE (IN WRITING) POTENTIAL CONFLICTS AND ANY RELATED PARTY AFFILIATIONS. LOANS BETWEEN THEORGANIZATION AND MEMBERS OF MANAGEMENT AND THE BOARD ARE STRICTLY PROHIBITED. THEORGANIZATION SEEKS FULL TRANSPARENCY ON ALL RELATIONSHIPS. ANY POTENTIAL CONFLICTS (IN FACT OR APPEARANCE) ARE DISCUSSED OPENLY AND RESOLVED IN ACCORDANCE WITH THE ORGANIZATION'S POLICIES AND PROCEDURES.”

“the Foundation does not employ an executive or top management. Professional services for project coordination, bookkeeping, and secretarial support are seconded through an MOU with Eden United Church of Christ.”

“the Foundation does not employ an executive or top management. Professional services for project coordination, bookkeeping, and secretarial support are seconded through an MOU with Eden United Church of Christ.”

“All of the organization's governing documents, financial statements and other legalfilings are maintained in a secure environment and held available for inspection bytax authorities and the general public. Tax returns are posted annually towww.guidestar.org (where it is available for viewing as an electronic copy) and are also available at the organization's office in hayward, california (for a physical inspection).”

“Client Note 1 - INVESTMENTS-----------Investment accounts consist of the following at June 30, 2014 and 2013: June 30, 2014 June 30, 2013 --------------------- --------------------- Cost Fair Cost Fair Basis Value Basis Value --------- --------- --------- ---------Brandes Global $ 305,816 335,236 337,117 356,089Eagle 278,220 304,984 247,866 261,815Hansberger 291,402 319,435 285,965 302,058Invesco/Accuvest 289,120 316,933 286,543 302,669Madison 660,679 724,235 673,754 711,671Parametric EAFE 286,461 314,019 297,114 313,835Parametric R3 1,974,624 2,164,580 1,761,644 1,860,785Liquid Alts 459,106 503,272 462,442 488,467Pimco Bond Account 659,306 722,731 657,437 694,436 --------- --------- --------- ---------Total investment accounts $ 5,204,734 5,705,425 5,009,882 5,291,825 ========= ========= ========= =========Investment income (comprised of interest and dividends) amounted to $141,052 and $136,712 for the years ended June 30, 2014 and 2013, respectively. Investment management fees amounted to $57,738 and $49,535 for the years ended June 30, 2014 and 2013, respectively. Unrealized gains (losses) amounted to $500,689 and $281,942 for the years ended June 30, 2014 and 2013, respectively.NONCASH CHARITABLE CONTRIBUTIONS--------------------------------EDEN AREA FOUNDATION RECEIVES PRO-BONO SERVICES AND FACILITIES FROM EDEN UNITED CHURCH OF CHRIST IN HAYWARD, CALIFORNIA. THIS TAX RETURN REFLECTS THE ESTIMATED VALUE OF THESE SERVICES WHICH MANAGEMENT HAS VALUED AT $70,000 PER YEAR (PRO-BONO RENT OF $60,000 PER YEAR AND PRO-BONO SERVICES OF $10,000 PER YEAR).”