TY 2020 Form 990 Schedule O

Instrumentl eFile RenderObject ID: 202220139349300717 - Rendered 2024-05-06 TIN: 58-1723645

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

COMMUNITY FOUNDATION
OF GREATER MEMPHIS INC

Employer identification number

58-1723645

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 2	SEVERAL COMMUNITY FOUNDATION OF GREATER MEMPHIS, INC. STAFF MEMBERS SERVE ON THE BOARDS OF ORGANIZATIONS THAT ARE AFFILIATED OR SUPPORTING ORGANIZATIONS OF THE COMMUNITY FOUNDATION OF GREATER MEMPHIS, INC. ALL COMMUNITY FOUNDATION OF GREATER MEMPHIS, INC. STAFF MEMBERS RECEIVE THEIR ENTIRE COMPENSATION FROM THE PARENT ORGANIZATION (COMMUNITY FOUNDATION OF GREATER MEMPHIS, INC.).
FORM 990, PART VI, SECTION B, LINE 11B	THE FOUNDATION DISTRIBUTES THE FORM 990 RETURN TO ITS DIRECTORS VIA EMAIL PRIOR TO ITS FILING. THE DIRECTORS REVIEW IT AND RESPOND TO THE TREASURER WITH ANY QUESTIONS OR CONCERNS. IF THE TREASURER DOES NOT HAVE ANY UNANSWERED INQUIRIES AFTER A REASONABLE PERIOD OF TIME, THEN HE WILL CONSIDER THIS AS APPROVAL FOR THE FORM 990 TO BE FILED.
FORM 990, PART VI, SECTION B, LINE 12C	THE FOUNDATION HAS A WRITTEN CONFLICT OF INTEREST POLICY. ON AN ANNUAL BASIS, ALL DIRECTORS ARE REQUIRED TO REVIEW THE POLICY AND SIGN IT TO ACKNOWLEDGE INTENT ON COMPLIANCE. IN THE EVENT OF A CONFLICT, THE CONFLICTED PERSON IS RECUSED FROM ALL DISCUSSION AND ANY VOTE ON THE MATTER INVOLVED.
FORM 990, PART VI, SECTION B, LINE 15	COMPENSATION FOR THE PRESIDENT IS DETERMINED BY THE INDEPENDENT EXECUTIVE COMMITTEE. COMPENSATION FOR ALL OTHER EMPLOYEES IS DETERMINED BY THE PRESIDENT AND IS BASED ON JOB PERFORMANCE, SALARY COMPARABILITY STUDIES AND OTHER ECONOMIC FACTORS. FOR ALL POSITIONS, THE MEAN AND MEDIAN SALARY FOR THE MOST SIMILAR POSITION AS DEFINED BY THE COUNCIL ON FOUNDATION'S SALARY SURVEY IS CONSULTED. DISCUSSIONS REGARDING SALARIES ARE DOCUMENTED."
FORM 990, PART VI, SECTION C, LINE 18	THE FOUNDATION'S FORM 990 RETURN IS MAINTAINED IN THE ORGANIZATION'S OFFICE. THIS DOCUMENT IS AVAILABLE UPON REQUEST.
FORM 990, PART VI, SECTION C, LINE 19	THE FOUNDATION'S GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE MAINTAINED IN THE ORGANIZATION'S OFFICE. THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. ADDITIONALLY, SOME GOVERNING DOCUMENTS CAN BE OBTAINED AT THE ORGANIZATION'S WEBSITE.
FORM 990, PART XI, LINE 9:	LIFE INSURANCE PROCEEDS 20,957. CSV INCOME 196,504.
FORM 990, PART XI, LINE 2C:	THE PROCESS FOR OVERSITE OF THE AUDIT HAS NOT CHANGED FROM THE PREVIOUS YEAR.

Return Reference

Explanation

FORM 990, PART VI, SECTION A, LINE 2

SEVERAL COMMUNITY FOUNDATION OF GREATER MEMPHIS, INC. STAFF MEMBERS SERVE ON THE BOARDS OF ORGANIZATIONS THAT ARE AFFILIATED OR SUPPORTING ORGANIZATIONS OF THE COMMUNITY FOUNDATION OF GREATER MEMPHIS, INC. ALL COMMUNITY FOUNDATION OF GREATER MEMPHIS, INC. STAFF MEMBERS RECEIVE THEIR ENTIRE COMPENSATION FROM THE PARENT ORGANIZATION (COMMUNITY FOUNDATION OF GREATER MEMPHIS, INC.).

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

THE FOUNDATION DISTRIBUTES THE FORM 990 RETURN TO ITS DIRECTORS VIA EMAIL PRIOR TO ITS FILING. THE DIRECTORS REVIEW IT AND RESPOND TO THE TREASURER WITH ANY QUESTIONS OR CONCERNS. IF THE TREASURER DOES NOT HAVE ANY UNANSWERED INQUIRIES AFTER A REASONABLE PERIOD OF TIME, THEN HE WILL CONSIDER THIS AS APPROVAL FOR THE FORM 990 TO BE FILED.

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

THE FOUNDATION HAS A WRITTEN CONFLICT OF INTEREST POLICY. ON AN ANNUAL BASIS, ALL DIRECTORS ARE REQUIRED TO REVIEW THE POLICY AND SIGN IT TO ACKNOWLEDGE INTENT ON COMPLIANCE. IN THE EVENT OF A CONFLICT, THE CONFLICTED PERSON IS RECUSED FROM ALL DISCUSSION AND ANY VOTE ON THE MATTER INVOLVED.

FORM 990, PART VI, SECTION B, LINE 15

COMPENSATION FOR THE PRESIDENT IS DETERMINED BY THE INDEPENDENT EXECUTIVE COMMITTEE. COMPENSATION FOR ALL OTHER EMPLOYEES IS DETERMINED BY THE PRESIDENT AND IS BASED ON JOB PERFORMANCE, SALARY COMPARABILITY STUDIES AND OTHER ECONOMIC FACTORS. FOR ALL POSITIONS, THE MEAN AND MEDIAN SALARY FOR THE MOST SIMILAR POSITION AS DEFINED BY THE COUNCIL ON FOUNDATION'S SALARY SURVEY IS CONSULTED. DISCUSSIONS REGARDING SALARIES ARE DOCUMENTED."

FORM 990, PART VI, SECTION C, LINE 18

THE FOUNDATION'S FORM 990 RETURN IS MAINTAINED IN THE ORGANIZATION'S OFFICE. THIS DOCUMENT IS AVAILABLE UPON REQUEST.

FORM 990, PART VI, SECTION C, LINE 19

THE FOUNDATION'S GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE MAINTAINED IN THE ORGANIZATION'S OFFICE. THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. ADDITIONALLY, SOME GOVERNING DOCUMENTS CAN BE OBTAINED AT THE ORGANIZATION'S WEBSITE.

FORM 990, PART XI, LINE 9:

LIFE INSURANCE PROCEEDS 20,957. CSV INCOME 196,504.

FORM 990, PART XI, LINE 2C:

THE PROCESS FOR OVERSITE OF THE AUDIT HAS NOT CHANGED FROM THE PREVIOUS YEAR.

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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