| FORM 990, PART VI, SECTION B, LINE 11B |
PRIOR TO FILING, THE STAFF OF THE FOUNDATION REVIEWS THE 990 WITH THE FINANCE AND AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE FILING IS THEN POSTED AND MADE AVAILABLE FOR THE ENTIRE BOARD ON THE FOUNDATION'S SECURE WEB PORTAL FOR REVIEW BEFORE IT IS FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C |
ALL BOARD MEMBERS, OFFICERS, AND SENIOR STAFF MUST REVIEW THE CONFLICT OF INTEREST POLICY AND COMPLETE A QUESTIONNAIRE ON AN ANNUAL BASIS. THE FOUNDATION KEEPS COPIES OF COMMITTEE MEMBERS' RESPONSES ON FILE. THE QUESTIONNAIRE ADDRESSES RELATIONSHIPS WITH EMPLOYEES, INVESTMENTS, AND INTERESTS OF THE BOARD THAT COULD CREATE CONFLICT OF INTEREST ISSUES. THE BOARD AND STAFF RESPONSES ARE REVIEWED FOR POTENTIAL ISSUES BY MANAGEMENT. BEFORE PHILANTHROPY COMMITTEE MEETINGS TO APPROVE DISCRETIONARY GRANTS, THE FOUNDATION STAFF PROVIDES EACH COMMITTEE MEMBER A DISCLOSURE FORM LISTING ALL OF THE ORGANIZATIONS THAT ARE BEING CONSIDERED FOR GRANTS AT THAT MEETING. THE COMMITTEE MEMBERS ARE INSTRUCTED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST INCLUDING INVOLVEMENT AS A BOARD MEMBER OR ADVISORY MEMBER, FAMILY INVOLVEMENT, OR OTHER INVOLVEMENTS WITH THE LISTED ORGANIZATIONS. THE STAFF OR BOARD MEMBER WHO HAS A CONFLICT WILL BE EXCLUDED FROM PARTICIPATING IN DELIBERATIONS AND DISCUSSIONS CONCERNING THESE ORGANIZATIONS. |
| FORM 990, PART VI, SECTION B, LINE 15 |
COMMUNITIES FOUNDATION OF TEXAS'S PRESIDENT AND CEO IS THE TOP MANAGEMENT OFFICIAL OF THE ORGANIZATION AND THEIR COMPENSATION PACKAGE IS REVIEWED AND DECIDED UPON ANNUALLY BY THE BOARD OF DIRECTORS. INFORMATION IS GATHERED BY THE HR DIRECTOR VIA SURVEYS OF SIMILAR ORGANIZATIONS WITH COMPARABLE ASSET SIZE AND REGIONAL LOCATION. IN ADDITION, CEO COMPENSATION DATA IS GATHERED FROM THE 990S OF COMPARABLE COMMUNITY FOUNDATIONS. THIS INFORMATION IS REVIEWED BY AN INDEPENDENT EXTERNAL CONSULTANT WHO ANALYZES THE COMPENSATION IN RELATION TO THE MARKET. IN ADDITION, THE PRESIDENT AND CEO COMPLETES A SUMMARY OF PERFORMANCE OVER THE PRIOR YEAR. THE RESULTS OF THESE ACTIVITIES ARE GIVEN TO THE EXECUTIVE COMMITTEE OF THE BOARD, WHICH ACTS AS A COMPENSATION COMMITTEE. THE CHAIRMAN CONVENES AN EXECUTIVE SESSION OF THE BOARD OF TRUSTEES, AND COPIES OF THE ANALYSIS COMPLETED BY THE STAFF AND THE INDEPENDENT CONSULTANT, AS WELL AS THE PERFORMANCE SUMMARY PROVIDED BY THE PRESIDENT AND CEO, ARE DISTRIBUTED. AFTER REVIEW AND DISCUSSION, THE BOARD DETERMINES THE PRESIDENT AND CEO'S COMPENSATION FOR THE FOLLOWING FISCAL YEAR. THIS PROCESS IS DOCUMENTED AND HAS NOT CHANGED FROM PRIOR YEAR. OFFICERS, KEY EMPLOYEES AND ALL OTHER STAFF RECEIVE ANNUAL PERFORMANCE EVALUATIONS FROM THEIR IMMEDIATE SUPERVISOR USING THE BUDGETARY GUIDELINES APPROVED BY THE BOARD OF TRUSTEES. SALARY ADJUSTMENTS AND BONUS PAYMENTS, IF ANY, ARE APPROVED BY THE PRESIDENT AND CEO OF THE ORGANIZATION BASED ON THESE EVALUATIONS. EXTERNAL SALARY SURVEYS ARE ALSO UTILIZED IN THIS PROCESS TO ASSIST IN DETERMINING ANY ADJUSTMENTS THAT MIGHT NEED TO BE MADE BASED ON CURRENT MARKET TRENDS. THIS PROCESS IS DOCUMENTED AND HAS NOT CHANGED FROM PRIOR YEAR. |
| FORM 990, PART VI, SECTION C, LINE 19 |
THE ANNUAL AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE FOUNDATION'S WEBSITE. THE CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE NOT PUBLICLY AVAILABLE. |
| FORM 990, PART XI, LINE 9: |
CHANGE IN SPLIT-INT AGREEMENT 1,596,995. CHANGE IN LIFE INSURANCE 24,784. FUNDS HELD FOR OTHERS -15,173,763. |
Attach to Form 990 or 990-EZ.