Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
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Total |
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Calendar year
(or fiscal year beginning in)
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(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 107,368,944 | 118,583,279 | 115,586,281 | 120,916,787 | 125,691,888 | 588,147,179 |
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf .... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | 923,692 | 459,765 | 448,978 | 393,957 | 380,868 | 2,607,260 |
| 4 | Total. Add lines 1 through 3 | 108,292,636 | 119,043,044 | 116,035,259 | 121,310,744 | 126,072,756 | 590,754,439 |
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | 590,754,439 | |||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 108,292,636 | 119,043,044 | 116,035,259 | 121,310,744 | 126,072,756 | 590,754,439 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 518,933 | 455,427 | 670,658 | 1,081,732 | 1,419,881 | 4,146,631 |
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | 67,694 | 36,343 | 109,057 | 385,403 | 113,780 | 712,277 |
| 11 | Total support. Add lines 7 through 10 | 595,613,347 | |||||
Calendar year (or fiscal
year beginning in) ![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2024 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2024 |
(iii) Distributable Amount for 2024 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2024 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2024 (reasonable cause required-- explain in Part VI).
See instructions. |
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| 3 Excess distributions carryover, if any, to 2024: | ||||
| a From 2019....... | ||||
| b From 2020....... | ||||
| c From 2021....... | ||||
| d From 2022....... | ||||
| e From 2023....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2024 distributable amount | ||||
|
i
Carryover from 2019 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2024 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2024 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2024, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2024. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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7 Excess distributions carryover to 2025. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2020..... | ||||
| b Excess from 2021..... | ||||
| c Excess from 2022..... | ||||
| d Excess from 2023..... | ||||
| e Excess from 2024..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| Software ID: | |
| Software Version: |
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| SCHEDULE E, PART I, LINE 3 | THROUGH THE SCHOOL MANAGEMENT ORGANIZATIONS AND APPLICATION PROCESS, THE FOUNDATION FULLY DISCLOSES ITS NONDISCRIMINATORY POLICY TO ALL POTENTIAL STUDENTS. COPIES OF THE POLICY ARE AVAILABLE UPON REQUEST. |
| SCHEDULE E, PART I, LINE 6 | THE FOUNDATION RECEIVES FEDERAL AND STATE GOVERNMENTAL FUNDS PASSED THROUGH CHICAGO PUBLIC SCHOOLS TO ASSIST IN THE FOUNDATION'S EFFORTS TO PROVIDE A FREE EDUCATION, OPEN TO THE PUBLIC, AND AVAILABLE TO ANY CITY OF CHICAGO STUDENT. |
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| Return Reference | Explanation |
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| PART IV LINE 24C - TAX-EXEMPT BONDS: | A TRUSTEE DOES MAINTAIN A DEBT SERVICE RESERVE FUND AND A CAPITALIZED INTEREST FUND FOR TAX-EXMPT BONDS, BUT SINCE THESE FUNDS ARE NOT USED TO DEFEASE ANY TAX-EXEMPT BONDS, THE ORGANIZATION HAS ANSWERED "NO" TO #24C. |
| FORM 990, PART VI, SECTION A, LINE 4 | BYLAWS WERE UPDATED DURING FISCAL YEAR 2025, SEE CHANGES BELOW: ARTICLE V, SECTION 2: THE NUMBER OF DIRECTORS SHALL BE NOT LESS THAN SEVEN (7) OR MORE THAN TWENTY (20). THE BOARD OF DIRECTORS SHALL ALWAYS INCLUDE ONE PARENT OR GUARDIAN OF A STUDENT CURRENTLY ENROLLED AT A CICS CAMPUS. THE NUMBER OF DIRECTORS MAY BE DECREASED TO NOT LESS THAN SEVEN (7) OR INCREASED TO ANY NUMBER NOT TO EXCEED TWENTY (20) BY THE DIRECTORS WITHOUT AMENDMENT OF THESE BYLAWS. ARTICLE V, SECTION 3: 4 REGULAR ANNUAL MEETINGS OF THE BOARD OF DIRECTORS SHALL BE HELD EACH FISCAL YEAR. ARTICLE VI, SECTION 4: THE CHAIR SHALL SERVE AS THE PRINCIPAL GOVERNANCE OFFICE OF THE FOUNDATION, RESPONSIBLE FOR PROVIDING LEADERSHIP TO THE BOARD OF DIRECTORS AND ENSURING THE BOARD FULFILLS ITS RESPONSIBILITIES IN OVERSEEING THE FOUNDATION. THE CHAIR ACTS AS THE PRIMARY LIAISON BETWEEN THE BOARD AND THE CEO. |
| FORM 990, PART VI, SECTION A, LINE 8B | THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FINANCE COMMITTEE ASSISTS IN PREPARING AND THEN REVIEWS A DRAFT OF FORM 990 THAT IS INITIALLY PREPARED BY THE FOUNDATION'S CPA FIRM. A FINAL COPY OF FORM 990 IS PROVIDED TO THE FULL BOARD PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | PROCEDURES A. PRIOR TO BOARD OR COMMITTEE ACTION ON A CONTRACT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST, A BOARD MEMBER OR KEY EMPLOYEE WHO HAS A CONFLICT OF INTEREST AND WHO IS IN ATTENDANCE AT THE MEETING SHALL DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. SUCH DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. IF BOARD MEMBERS ARE AWARE THAT STAFF OR OTHER VOLUNTEERS HAVE A CONFLICT OF INTEREST, RELEVANT FACTS SHOULD BE DISCLOSED BY THE BOARD MEMBER OR BY THE INTERESTED PERSON IF INVITED TO THE BOARD MEETING AS A GUEST FOR PURPOSES OF DISCLOSURE. B. IN THE EVENT THAT ANY BOARD MEMBER OR KEY EMPLOYEE FAILS TO DISCLOSE RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH HE OR SHE IS INVOLVED THAT COULD BE, CONTRIBUTE TO OR BE PERCEIVED AS A CONFLICT OF INTEREST, AND SUCH POTENTIAL CONFLICT OF INTEREST IS OTHERWISE BROUGHT TO THE ATTENTION OF ANY BOARD MEMBER, IT MUST PROMPTLY BE DISCLOSED TO THE BOARD PRESIDENT. UPON INVESTIGATION AND REVIEW OF THE POTENTIAL CONFLICT OF INTEREST, THE BOARD PRESIDENT AND ANY DESIGNATED COMMITTEE WILL DETERMINE IF THE POTENTIAL CONFLICT NEEDS TO BE ADDRESSED AND BRING SUCH ISSUES TO THE BOARD IF REQUIRED. THE BOARD WILL THEN DETERMINE IF ACTION NEEDS TO BE TAKEN BASED ON THE NATURE OF THE CONFLICT DISCOVERED. C. A BOARD MEMBER OR KEY EMPLOYEE WHO PLANS NOT TO ATTEND A MEETING AT WHICH HE OR SHE HAS REASON TO BELIEVE THAT THE BOARD OR COMMITTEE WILL ACT ON A MATTER IN WHICH THE PERSON HAS A CONFLICT OF INTEREST SHALL DISCLOSE TO THE CHAIR OF THE MEETING ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. THE CHAIR SHALL REPORT THE DISCLOSURE AT THE MEETING AND THE DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. D. A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN OR BE PERMITTED TO HEAR THE BOARD'S DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. E. SUCH PERSON SHALL NOT ATTEMPT TO EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE THE MEETING. F. A PERSON WHO HAS A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION THAT WILL BE VOTED ON AT A MEETING SHALL NOT BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM FOR PURPOSES OF THE VOTE. G. THE PERSON HAVING A CONFLICT OF INTEREST MAY NOT VOTE ON ANY RELATED CONTRACT OR TRANSACTION AND SHALL NOT BE PRESENT IN THE MEETING ROOM WHEN SUCH VOTE IS TAKEN, UNLESS THE VOTE IS BY SECRET BALLOT. SUCH PERSON'S INELIGIBILITY TO VOTE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. FOR PURPOSES OF THIS PARAGRAPH, A MEMBER OF THE BOARD OF CHICAGO INTERNATIONAL CHARTER SCHOOL HAS A CONFLICT OF INTEREST WHEN HE OR SHE STANDS FOR ELECTION AS AN OFFICER OR FOR RE-ELECTION AS A MEMBER OF THE BOARD OF DIRECTORS. H. IN CONNECTION WITH A CONTRACT OR TRANSACTION IN WHICH A BOARD MEMBER OR KEY EMPLOYEE HAS A CONFLICT OF INTEREST, SUCH INTERESTED PERSONS SHALL NOT (A) NEGOTIATE, PREPARE, AUTHORIZE OR APPROVE THE CONTRACT OR TRANSACTION; (B) AUTHORIZE OR APPROVE PAYMENT UNDER THE CONTRACT OR TRANSACTION; (C) AUDIT BILLS OR CLAIMS UNDER THE CONTRACT OR TRANSACTION OR (D) APPOINT A BOARD MEMBER OR KEY EMPLOYEE WHO HAS ANY OF THE POWERS OR DUTIES SET FORTH ABOVE. I. INTERESTED PERSONS WHO ARE NOT MEMBERS OF THE BOARD OF CHICAGO INTERNATIONAL CHARTER SCHOOL, OR WHO HAVE A CONFLICT OF INTEREST WITH RESPECT TO A CONTRACT OR TRANSACTION THAT IS NOT THE SUBJECT OF BOARD ACTION, SHALL DISCLOSE TO THEIR SUPERVISOR, OR THE CHAIR, OR THE CHAIR'S DESIGNEE, ANY CONFLICT OF INTEREST THAT SUCH INTERESTED PERSON HAS WITH RESPECT TO A CONTRACT OR TRANSACTION. SUCH DISCLOSURE SHALL BE MADE AS SOON AS THE CONFLICT OF INTEREST IS KNOWN TO THE INTERESTED PERSON. THE INTERESTED PERSON SHALL REFRAIN FROM ANY ACTION THAT MAY AFFECT CHICAGO INTERNATIONAL CHARTER SCHOOL'S PARTICIPATION IN SUCH CONTRACT OR TRANSACTION. J. IN THE EVENT IT IS NOT ENTIRELY CLEAR THAT A CONFLICT OF INTEREST EXISTS, THE INDIVIDUAL WITH THE POTENTIAL CONFLICT SHALL DISCLOSE THE CIRCUMSTANCES TO THE BOARD PRESIDENT, WHO SHALL DETERMINE WHETHER FULL BOARD DISCUSSION IS WARRANTED OR WHETHER THERE EXISTS A CONFLICT OF INTEREST THAT IS SUBJECT TO THIS POLICY. THE BOARD PRESIDENT SHALL DISCLOSE ANY SUCH CONFLICTS TO THE BOARD SECRETARY. CONFIDENTIALITY EACH BOARD MEMBER AND KEY EMPLOYEE SHALL EXERCISE CARE NOT TO DISCLOSE CONFIDENTIAL INFORMATION ACQUIRED IN CONNECTION WITH DISCLOSURES OF CONFLICTS OF INTEREST OR POTENTIAL CONFLICTS, WHICH MIGHT BE ADVERSE TO THE INTERESTS OF CHICAGO INTERNATIONAL CHARTER SCHOOL. FURTHERMORE, BOARD MEMBERS AND KEY EMPLOYEES SHALL NOT DISCLOSE OR USE INFORMATION RELATING TO THE BUSINESS OF CHICAGO INTERNATIONAL CHARTER SCHOOL FOR THEIR PERSONAL PROFIT OR ADVANTAGE OR THE PERSONAL PROFIT OR ADVANTAGE OF THEIR FAMILY MEMBER(S). REVIEW OF POLICY A. ANNUALLY, EACH BOARD MEMBER AND KEY EMPLOYEE SHALL COMPLETE A DISCLOSURE IN A FORM (TO BE PROVIDED BY CPS ANNUALLY) AND TO BE APPROVED BY THE BOARD IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH HE OR SHE IS INVOLVED THAT COULD BE, CONTRIBUTE TO OR BE PERCEIVED AS A CONFLICT OF INTEREST. SUCH RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES MIGHT INCLUDE SERVICE AS A DIRECTOR OF OR CONSULTANT TO ANOTHER NONPROFIT ORGANIZATION, OWNERSHIP OF A BUSINESS THAT MIGHT PROVIDE GOODS OR SERVICES TO CHICAGO INTERNATIONAL CHARTER SCHOOL, OR A FINANCIAL INTEREST IN ANY DECISION TO BE CONSIDERED BY THE BOARD. ANY SUCH INFORMATION REGARDING THE BUSINESS INTERESTS OF A BOARD MEMBER OR KEY EMPLOYEES, OR A FAMILY MEMBER THEREOF, SHALL BE TREATED AS CONFIDENTIAL AND SHALL GENERALLY BE MADE AVAILABLE ONLY TO THE CEO AND BOARD PRESIDENT, AND ANY COMMITTEE APPOINTED TO ADDRESS CONFLICTS OF INTEREST, EXCEPT TO THE EXTENT ADDITIONAL DISCLOSURE IS NECESSARY IN CONNECTION WITH THE IMPLEMENTATION OF THIS POLICY. IT WILL BE THE RESPONSIBILITY OF THE BOARD MEMBER AND KEY EMPLOYEE TO INFORM THE CHICAGO INTERNATIONAL CHARTER SCHOOL CEO AND BOARD PRESIDENT OF ANY CONFLICT OF INTEREST CHANGES DURING HIS OR HER TERM OF ASSOCIATION WITH CHICAGO INTERNATIONAL CHARTER SCHOOL. B. THE BOARD PRESIDENT AND DESIGNATED COMMITTEE WILL REVIEW THESE DISCLOSURE FORMS ANNUALLY. UPON REVIEW, THE BOARD PRESIDENT AND ANY DESIGNATED COMMITTEE WILL DETERMINE IF THE LISTED CONFLICTS NEED TO BE ADDRESSED AND BRING THESE ISSUES TO THE BOARD IF REQUIRED. THE BOARD WILL THEN DETERMINE IF ACTION NEEDS TO BE TAKEN BASED ON THE NATURE OF THE CONFLICT. |
| FORM 990, PART VI, SECTION B, LINE 15A | A COMPENSATION COMMITTEE, INCLUDING THE BOARD TREASURER AND OTHER DESIGNATED BOARD MEMBERS, REVIEW THE COMPENSATION FOR THE EXECUTIVE DIRECTOR. IN ADDITION, THE FINANCE COMMITTEE REVIEWS THE COMPENSATION OF ALL EMPLOYEES AS PART OF THE ANNUAL BUDGET REVIEW. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE FOUNDATION PROVIDES THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND ANNUAL AUDITED FINANCIAL STATEMENTS UPON REQUEST. |
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