TY 2020 Form 990 Schedule O

Instrumentl eFile RenderObject ID: 202113199349322086 - Rendered 2024-04-27 TIN: 56-6037615

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Open to Public
Inspection

Name of the organization

THE WINSTON-SALEM FOUNDATION

Employer identification number

56-6037615

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 7A	THE ORGANIZATION'S BOARD CONSISTS OF 13 VOTING MEMBERS, EIGHT OF WHICH ARE ELECTED BY COMMUNITY OFFICIALS NAMED IN THE ORGANIZATION'S GOVERNING DOCUMENTS. THE REMAINING FIVE MEMBERS ARE ELECTED AT-LARGE BY THE OTHER VOTING MEMBERS.
FORM 990, PART VI, SECTION B, LINE 11B	A COPY OF THE FORM 990 WAS PROVIDED TO EACH VOTING MEMBER PRIOR TO THE EXTENDED FILING DATE FOR REVIEW, QUESTIONS AND COMMENTS.
FORM 990, PART VI, SECTION B, LINE 12C	THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY WHICH IS REVIEWED, ACCEPTED, AND SIGNED BY EACH OFFICER AND VOTING BOARD MEMBER ON AN ANNUAL BASIS. PURSUANT TO THIS POLICY, EACH OFFICER AND BOARD MEMBER WILL RECUSE THEMSELVES FROM ANY DISCUSSION AND VOTE FOR WHICH A CONFLICT FOR THEMSELVES OR THEIR FAMILY EXISTS. DETERMINATIONS OF WHETHER A CONFLICT EXISTS ARE MADE AT A MANAGEMENT, BOARD MEMBER, OFFICER, AND INDIVIDUAL LEVEL.
FORM 990, PART VI, SECTION B, LINE 15	THE PRESIDENT'S SALARY IS DETERMINED BY THE BUDGET AND PERSONNEL SUBCOMMITTEE (BPSC) AND APPROVED BY THE FULL BOARD. COMPARABILITY DATA IS REVIEWED FOR APPROPRIATENESS PRIOR TO APPROVAL, AND THE APPROVED SALARY IS SIGNED BY THE CHAIR OF THE BPC. SALARIES FOR OTHER STAFF MEMBERS ARE BASED UPON A POOLED ALLOCATION APPROVED BY THE BPSC, WITH INDIVIDUAL AMOUNTS ESTABLISHED BY THE PRESIDENT BASED UPON COMPARABILITY DATA AND PERFORMANCE EVALUATIONS.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE ON THE ORGANIZATION'S WEB SITE OR UPON REQUEST AT THE ADMINISTRATION OFFICES.
FORM 990, PART XII, LINE 2C, OVERSIGHT OF AUDITED FINANCIAL STATEMENTS:	THE ORGANIZATION HAS AN AUDIT COMMITTEE RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND PREPARATION OF THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS. PART OF THEIR REVIEW PROCESS INCLUDES A REVIEW OF THE ORGANIZATION'S SEPARATE, UNCONSOLIDATED FINANCIALS STATEMENTS ON WHICH THE FORM 990 IS BASED. THE AUDIT COMMITTEE ANNUALLY SELECTS THE INDEPENDENT AUDITOR TO BE UTILIZED. THE ORGANIZATION'S FULL BOARD ALSO APPROVES THE CONSOLIDATED FINANCIAL STATEMENTS ON RECOMMENDATION FROM THE AUDIT COMMITTEE.

Return Reference

Explanation

FORM 990, PART VI, SECTION A, LINE 7A

THE ORGANIZATION'S BOARD CONSISTS OF 13 VOTING MEMBERS, EIGHT OF WHICH ARE ELECTED BY COMMUNITY OFFICIALS NAMED IN THE ORGANIZATION'S GOVERNING DOCUMENTS. THE REMAINING FIVE MEMBERS ARE ELECTED AT-LARGE BY THE OTHER VOTING MEMBERS.

FORM 990, PART VI, SECTION B, LINE 11B

A COPY OF THE FORM 990 WAS PROVIDED TO EACH VOTING MEMBER PRIOR TO THE EXTENDED FILING DATE FOR REVIEW, QUESTIONS AND COMMENTS.

FORM 990, PART VI, SECTION B, LINE 12C

THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY WHICH IS REVIEWED, ACCEPTED, AND SIGNED BY EACH OFFICER AND VOTING BOARD MEMBER ON AN ANNUAL BASIS. PURSUANT TO THIS POLICY, EACH OFFICER AND BOARD MEMBER WILL RECUSE THEMSELVES FROM ANY DISCUSSION AND VOTE FOR WHICH A CONFLICT FOR THEMSELVES OR THEIR FAMILY EXISTS. DETERMINATIONS OF WHETHER A CONFLICT EXISTS ARE MADE AT A MANAGEMENT, BOARD MEMBER, OFFICER, AND INDIVIDUAL LEVEL.

FORM 990, PART VI, SECTION B, LINE 15

THE PRESIDENT'S SALARY IS DETERMINED BY THE BUDGET AND PERSONNEL SUBCOMMITTEE (BPSC) AND APPROVED BY THE FULL BOARD. COMPARABILITY DATA IS REVIEWED FOR APPROPRIATENESS PRIOR TO APPROVAL, AND THE APPROVED SALARY IS SIGNED BY THE CHAIR OF THE BPC. SALARIES FOR OTHER STAFF MEMBERS ARE BASED UPON A POOLED ALLOCATION APPROVED BY THE BPSC, WITH INDIVIDUAL AMOUNTS ESTABLISHED BY THE PRESIDENT BASED UPON COMPARABILITY DATA AND PERFORMANCE EVALUATIONS.

FORM 990, PART VI, SECTION C, LINE 19

THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE ON THE ORGANIZATION'S WEB SITE OR UPON REQUEST AT THE ADMINISTRATION OFFICES.

FORM 990, PART XII, LINE 2C, OVERSIGHT OF AUDITED FINANCIAL STATEMENTS:

THE ORGANIZATION HAS AN AUDIT COMMITTEE RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND PREPARATION OF THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS. PART OF THEIR REVIEW PROCESS INCLUDES A REVIEW OF THE ORGANIZATION'S SEPARATE, UNCONSOLIDATED FINANCIALS STATEMENTS ON WHICH THE FORM 990 IS BASED. THE AUDIT COMMITTEE ANNUALLY SELECTS THE INDEPENDENT AUDITOR TO BE UTILIZED. THE ORGANIZATION'S FULL BOARD ALSO APPROVES THE CONSOLIDATED FINANCIAL STATEMENTS ON RECOMMENDATION FROM THE AUDIT COMMITTEE.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2020

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