| Form 990, Part VI, Line 15 Process to Determine Compensation |
The Earlham Foundation does not compensate any officers, directors, or key employees. Compensation reported on Form 990, Part VII and Schedule J is paid by a related organization, Earlham College. Therefore, these questions are answered no in accordance with the instructions. |
| Form 990, Part VI, Line 1a Delegate broad authority to a committee |
The Executive Committee consists of the President, Vice President, Secretary and Treasurer of the Corporation. The Executive Committee has the authority of the Board of Directors in the management of the Corporation's affairs during intervals between the meetings of the Board of Directors. |
| Form 990, Part VI, Line 7a Members or stockholders electing members of governing body |
Western Yearly Meeting of the Religious Society of Friends, Plainfield, Indiana has the power to nominate two Directors to the organization's governing body. Additionally, the Earlham College Board of Trustees has the power to nominate six Directors to the organization's governing body. |
| Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders |
The Earlham College Board of Trustees must approve the organization's Investment Policy Statement. |
| Form 990, Part VI, Line 11b Review of form 990 by governing body |
The Form 990 is prepared by an independent CPA firm. The Associate Controller, Assistant Secretary, and Secretary/Treasurer perform a detailed review. A copy of the Form 990 is provided to each member of the full governing body prior to its filing. |
| Form 990, Part VI, Line 12c Conflict of interest policy |
The Foundation's conflict of interest policy requires that officers and directors disclose any situations that may result in a conflict of interest or the appearance of a conflict of interest. Questionnaires must be completed annually but updated sooner if a person's situation changes. Disclosures are summarized and reviewed by the audit committee of the Earlham Board of Trustees. If an officer or director has a conflict, they will not participate in the decision making process. |
| Form 990, Part VI, Line 19 Required documents available to the public |
The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request. |
| Form 990, Part XI, Line 9 Other changes in net assets or fund balances |
Change in Donor Intent - -8810409; |
| Form 990, Part XII, Line 2c Audit Committee |
The organization's audit committee assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year. |
Attach to Form 990 or 990-EZ.