| FORM 990, PART VI, SECTION B, LINE 11B |
IN 2020, ONE DONOR REQUESTED THAT THEIR CONTRIBUTION NOT BE DISCLOSED TO THE ENTIRE BOARD, THEREFORE A COMPLETE COPY OF THE DRAFT WAS NOT PROVIDED TO THE BOARD. A DRAFT OF THE FORM 990, WITHOUT THIS DONOR'S INFORMATION, AND APPLICABLE SCHEDULES ARE PROVIDED TO EACH MEMBER OF THE COMMUNITY FOUNDATION'S BOARD OF GOVERNORS FOR REVIEW BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. IT IS REVIEWED BY THE COMMUNITY FOUNDATION'S CHIEF FINANCIAL OFFICER, VICE PRESIDENT, FINANCE AND CONTROLLER, AND THE PRESIDENT & CHIEF EXECUTIVE OFFICER. |
| FORM 990, PART VI, SECTION B, LINE 12C |
EACH GOVERNOR IS REQUESTED TO PROVIDE ANNUALLY TO THE PRESIDENT OF THE FOUNDATION A LIST OF OFFICES AND DIRECTORSHIPS HE OR SHE HOLDS IN CHARITABLE AND BUSINESS ORGANIZATIONS AND TO IDENTIFY HIS OR HER PLACE OF EMPLOYMENT OR PRINCIPAL BUSINESS ACTIVITY. IN THE EVENT THE FOUNDATION IS CONSIDERING A GRANT TO, THE PROCUREMENT OF SERVICES FROM OR ANY OTHER TRANSACTION OR ARRANGEMENT WITH AN ENTITY IN WHICH A GOVERNOR, OR A MEMBER OF A GOVERNOR'S IMMEDIATE FAMILY, IS AN OFFICER, DIRECTOR OR IS EMPLOYED, DIRECTLY OR INDIRECTLY, THE GOVERNOR SHALL SO INFORM THE BOARD AND REFRAIN FROM VOTING ON THE MATTER. AT THE DISCRETION OF THE CHAIR, THE GOVERNOR MAY BE EXCUSED FROM BOARD DISCUSSION ON THIS MATTER. THIS PROCEDURE SHALL ALSO BE APPLICABLE TO COMMITTEES OF THE BOARD. |
| FORM 990, PART VI, SECTION B, LINE 15 |
THE FOUNDATION HAS ESTABLISHED SALARY GRADES AND RANGES, WITH THE GUIDANCE OF AN INDEPENDENT HR CONSULTING FIRM, WHICH TAKE INTO CONSIDERATION PUBLISHED COMPENSATION STUDIES AND OTHER DATABASES, WHICH INCLUDE COMPENSATION DATA SPECIFIC TO NONPROFIT AND TAX-EXEMPT ORGANIZATIONS. THE FOUNDATION PROVIDES COMMUNITY FOUNDATION SALARY SURVEY INFORMATION, AS WELL AS SALARY INFORMATION FOR LARGE NONPROFITS IN THE REGION, TO BOARD LEADERSHIP EACH YEAR. BOARD LEADERSHIP REVIEWS AND PROVIDES A RECOMMENDATION TO THE BOARD FOR THE PRESIDENT & CHIEF EXECUTIVE OFFICER'S (CEO) COMPENSATION INCREASE. THE FOUNDATION'S CEO DETERMINES COMPENSATION FOR THE FOUNDATION'S SENIOR TEAM. THE CEO, THE CHIEF OPEARATING OFFICER, AND THE DIRECTOR OF HUMAN RESOURCES REVIEW COMMUNITY FOUNDATION COMPARABLE SALARY INFORMATION AS WELL AS LOCAL COMPARATIVE SALARY INFORMATION BEFORE APPROVING ANNUAL SALARIES. |
| FORM 990, PART VI, SECTION C, LINE 19 |
THE COMMUNITY FOUNDATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE COMMUNITY FOUNDATION OFFICES. |
| FORM 990, PART XI, LINE 9: |
PV DISCOUNT OF FUTURE GRANTS PAYABLE -120,401. BOOK/TAX DIFFERENCE - THE RICHMOND FUND K-1 62,884,787. UNRESTRICTED SUPPORT -1,187,406. FASB 136 - LIABILITY CHANGE 1,982,382. AGENCY FUNDS -535,419. |
| THE RICHMOND FUND, LP - PASS-THROUGH ENTITY FOOTNOTE: |
ALL FORM 5471 FILING REQUIREMENTS WILL BE SATISFIED BY THE FOLLOWING FORM 1065 FILER: THE RICHMOND FUND, LP, 6806 PARAGON PLACE, SUITE 290, RICHMOND, VA 23230; EIN: 26-1501561 THE FORM 1065 WILL BE FILED AT THE INTERNAL REVENUE SERVICE CENTER IN OGDEN, UT 84201-0011. |
Attach to Form 990 or 990-EZ.