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FORM 990, PART VI, SECTION B, LINE 11B | THE TAXPAYER'S ACCOUNTING FIRM FORWARDED THE FORM 990 TO THE CONTROLLER. THE CONTROLLER AND THE CFO REVIEWED THE RETURN AND FORWARDED THE FORM 990 TO THE OTHER BOARD MEMBERS PRIOR TO FILING. IF THE BOARD MEMBERS HAD QUESTIONS, THE CFO OR THE ACCOUNTING FIRM ADDRESSED THE QUESTIONS BEFORE SUBMITTING THE FORM 990 TO THE IRS. |
FORM 990, PART VI, SECTION B, LINE 12C | EBCF ANNUALLY DISTRIBUTES QUESTIONNAIRES OF CONFLICT OF INTEREST POLICY TO OFFICERS AND DIRECTORS. THEY RETURN THE QUESTIONNAIRES AND CONFIRM IN WRITING THEIR CONFLICT OF INTEREST STATUS. EAST BAY COMMUNITY FOUNDATION REQUIRES ITS DIRECTORS AND OFFICERS TO DISCLOSE ALL INTERESTS THAT THEY OR THEIR FAMILY MEMBERS HAVE IN OTHER FOR-PROFIT OR NONPROFIT ENTITIES OR INTERESTS THAT MIGHT EXIST AMONG DIRECTORS AND OFFICERS WHERE IT IS FORESEEABLE THAT THE FOUNDATION MAY ENTER INTO A CONTRACT OR AWARD A GRANT OR HAVE OTHER BUSINESS OR FINANCIAL DEALINGS WITH THE ENTITY. THIS SHALL INCLUDE, BUT NOT BE LIMITED TO, FINANCIAL INTERESTS, OFFICER POSITIONS, DIRECTORSHIPS, AND OTHER SIMILAR SUBSTANTIAL INTERESTS IN ANY SUCH ENTITIES. IF A CONFLICT ARISES, BOARD COMMITTEES CONSIDER THE NATURE OF THE CONFLICT AND DETERMINE IF IT WILL BE WAIVED. IF NOT WAIVED, THE TRANSACTION IN DISPUTE CAN BE VOIDED AND THE PERSON RESPONSIBLE CAN BE HELD LIABLE FOR DAMAGES TO THE FOUNDATION. THE FOUNDATION IS ALWAYS FREE TO SEVER ITS RELATIONSHIP WITH PERSONS WHO VIOLATE ITS POLICIES. |
FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION IS BASED ON HISTORICAL PRACTICE OF THE FOUNDATION AND MARKET RATES FOR COMPARABLE POSITIONS IN THE FIELD AND REGION BY UTILIZING COMPENSATION SURVEY OR STUDY. THE COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR IS SUBJECT TO APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. |
FORM 990, PART VI, SECTION C, LINE 19 | FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF TIME SET FORTH IN SEC. 6104(D). |
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