FORM 990, PART VI, SECTION B, LINE 11B |
RETURN IS REVIEWED BY THE AUDIT COMMITTEE AND A COPY IS PROVIDED TO THE BOARD BEFORE FILING. |
FORM 990, PART VI, SECTION B, LINE 12C |
ANNUAL CONFLICT OF INTEREST FORMS ARE SIGNED BY BOARD MEMBERS. |
FORM 990, PART VI, SECTION B, LINE 15 |
THE BOARD CHAIRMAN FORMED A COMMITTEE INCLUDING PEOPLE NOT ON THE BOARD, REVIEWED DATA FROM FOUNDATIONS, AND MADE RECOMMENDATIONS TO THE EXECUTIVE COMMITTEE AND BOARD. |
FORM 990, PART VI, SECTION C, LINE 19 |
ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON OUR WEBSITE, CACFONLINE.ORG, OR UPON REQUEST. |
FORM 990, PART X, BEGINNING OF YEAR BALANCES |
PRIOR PERIOD ADJUSTMENT - CORRECTION OF AN ERROR DURING 2020, THE FOUNDATION DETERMINED IT DID NOT PROPERLY ACCOUNT FOR CERTAIN CONDITIONAL GRANTS DURING 2019 AND PRIOR. ACCORDINGLY, IN THE ACCOMPANYING 2019 FINANCIAL STATEMENTS, THE PREVIOUSLY REPORTED 2019 BEGINNING NET ASSETS WERE INCREASED BY $1,356,994, GRANT EXPENSE WAS DECREASED BY $405,588, AND GRANTS PAYABLE BALANCES WERE DECREASED BY $1,762,582 TO REFLECT THIS RESTATEMENT. THE 2019 ENDING NET ASSETS WERE INCREASED BY $1,762,582 TO REFLECT THE CUMULATIVE IMPACT OF THE ERROR. DURING 2020, THE FOUNDATION DETERMINED IT DID NOT PROPERLY ACCOUNT FOR THE TERMINATION OF A BENEFICIAL INTEREST IN TRUST DURING 2019 TOTALING $2,649,823. ACCORDINGLY, IN THE ACCOMPANYING 2019 FINANCIAL STATEMENTS, THE PREVIOUSLY REPORTED 2019 BENEFICIAL INTERESTS IN TRUSTS WAS DECREASED, INVESTMENTS WERE INCREASED, NET ASSETS RELEASED FROM RESTRICTION WAS INCREASED, NET ASSETS WITH DONOR RESTRICTION WAS DECREASED, AND NET ASSETS WITHOUT DONOR RESTRICTION WAS INCREASED BY THE SAME AMOUNT. |
FORM 990, PART XI, LINE 9: |
CHANGE IN VALUE SPLIT INTEREST AGREEMENTS 8,514,462. INCOME FROM PASSTHROUGH ENTITY -3,189,370. |