Eden Area Foundation Inc

“Two members of the Board of Directors are married to each other; Scott and Patricia (Pepper) Swanson. Patricia Swanson is employed as Associate Minister by Eden United Church of Christ (a related entity).”

“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, 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-filed 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 they are available for viewing as electronic copies) and are also available for a physical inspection at the organization's office in hayward, california.”

“Client Note 1 - INVESTMENTS-----------Investment accounts consist of the following at June 30, 2015 and 2014: June 30, 2015 June 30, 2014 --------------------- --------------------- Cost Fair Cost Fair Basis Value Basis Value --------- --------- --------- ---------Brandes EM $ 300,441 $ 283,934 $ - $ -Brandes Global 321,201 303,553 305,816 335,236Eagle 309,224 292,235 278,220 304,984Hansberger 335,717 317,272 291,402 319,435Invesco/Accuvest 327,047 309,078 289,120 316,933Madison 757,743 716,110 660,679 724,235Parametric EAFE 319,025 301,496 286,461 314,019Parametric R3 1,916,513 1,811,214 1,974,624 2,164,580Liquid Alternatives 521,633 492,973 459,106 503,272Pimco Bond Account 772,125 729,702 659,306 722,731 --------- --------- --------- ---------Total investments $5,880,669 $5,557,567 $5,204,734 $5,705,425 ========= ========= ========= =========Investment income (comprised of interest and dividends) amounted to $129,616 and $141,052 for the years ended June 30, 2015 and 2014, respectively. Investment management fees amounted to $61,449 and $57,738 for the years ended June 30, 2015 and 2014, respectively. Unrealized gains (losses) amounted to ($324,536) and $510,343 for the years ended June 30, 2015 and 2014, 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).”