2024-04-23T14:21:51+00:00 2023-12-31 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2023-01-01 364334358 Illinois Clean Energy Community Foundation ILLI 3123725191 2 N LaSalle Street 1140 Chicago IL 606024041 Dennis OBrien Executive Director 3123725191 2024-04-23 true Dennis OBrien 999009999 true MALLORY FAIRLESS P01321579 3128997000 2023 2023-04-26 12:10:37Z Dennis OBrien 2 N LaSalle Street 1140 Chicago IL 606024041 75557885 false X www.illinoiscleanenergy.org X 1999 IL Illinois Clean Energy Community Foundation is established to support programs & projects that improve energy efficiency, develop renewable resources, and preserve natural areas and wildlife habitats in Illinois. 5 5 8 1 0 0 0 502361 0 1925885 14887520 0 2428246 14887520 24935644 9204293 0 1152493 1194293 0 0 525365 571005 26613502 10969591 -24185256 3917929 75831384 68476795 115059 94820 75716325 68381975 Illinois Clean Energy Community Foundation (The Foundation) is a 501(c)(4) not-for-profit organization established in December 1999 to support programs & projects that improve energy efficiency, develop renewable resources, and preserve natural areas and wildlife habitats in Illinois. The Foundation provides financial support and assistance to public or private entities in Illinois for programs and projects that benefit the public by supporting projects that improve Illinois environmental quality. false false 7288720 6374646 0 NATURAL AREAS - THE NATURAL AREAS PROGRAM IS ESTABLISHED TO PRESERVE AND ENHANCE NATURAL HABITATS AND WILDLIFE AREAS IN ILLINOIS BY GOVERNMENT AGENCIES AND NONPROFIT ORGANIZATIONS THROUGHOUT THE STATE. FOUNDATION GRANTS SUPPORT LAND ACQUISITION, PLANNING EFFORTS LEADING TO LAND ACQUISITION, NONPROFIT CAPACITY BUILDING AND HABITAT RESTORATION. During the year, we paid out 55 grants providing over $6 Million to Illinois nonprofit organizations, schools, municipalities and other local and state government agencies. 2783343 2434286 0 ENERGY EFFICIENCY -THE ENERGY EFFICIENCY PROGRAM IS ESTABLISHED TO ADVANCE THE GOAL OF MAKING ENERGY EFFICIENCY THE NORM IN PUBLIC FACILITIES OPERATED BY GOVERNMENT AGENCIES AND NONPROFIT ORGANIZATIONS THROUGHOUT THE STATE. THE FOUNDATION HAS DEVELOPED A SET OF "GREEN BUILDING" PROGRAMS AND GRANT PROGRAMS TO SUPPORT ENERGY EFFICIENT LIGHTING UPGRADES, ENERGY EFFICIENT BUILDING DESIGN AND COMMISSIONING, LEADING-EDGE ENERGY EFFICIENCY BUILDING SYSTEMS AND TECHNOLOGIES, ENERGY EFFICIENT BUILDING CODES AND BUILDING PUBLIC DEMAND FOR ENERGY EFFICIENCY. During the year, we paid out 5 grants providing over $2.4 Million to Illinois nonprofit organizations, schools, municipalities and other local and state government agencies. 452053 395361 0 RENEWABLE ENERGY - THE RENEWABLE ENERGY PROGRAM IS ESTABLISHED TO SUPPORT THE DEVELOPMENT OF CLEAN, RENEWABLE ENERGY GENERATION IN ILLINOIS BY GOVERNMENT AGENCIES AND NONPROFIT ORGANIZATIONS THROUGHOUT THE STATE. BY FUNDING A VARIETY OF TECHNOLOGIES OPERATING IN DIFFERENT SETTINGS, AND INCREASINGLY REQUIRING THE REPORTING AND PUBLIC SHARING OF PERFORMANCE INFORMATION, THE FOUNDATION IS PROVIDING A VALUABLE SERVICE TO THIS EMERGING AND RAPIDLY EXPANDING TECHNOLOGY FIELD. GRANT PROGRAMS SUPPORT WIND ENERGY AT BOTH THE FEASIBILITY AND INSTALLATION STAGES, SOLAR ENERGY AT BOTH THE GENERATION AND EDUCATIONAL SCALES AS WELL AS ADVANCING THE DEVELOPMENT OF RENEWABLE ENERGY RESOURCES. During the year, we paid out 22 grants providing over $395,000 to Illinois nonprofit organizations, schools, municipalities and other local and state government agencies. 10524116 false false false false false false false false false true false false false true true true false false false false false false false false false false true false true false false false false false false false false false false false false false false false false true 17 0 true 8 true false false false false false false false false X 5 5 false false false false true true false true false false false true true true true true true true false false IL X Don Ocwieja 3123725191 2 N LASALLE ST SUITE 1140 Chicago IL 606024041 Gerald Adelmann Acting Chair thru Jan 2023, Vice Chair from Jan 2023 6.0 X X 20000 0 0 John McDermott Secretary thru April 2023, Treasurer from April 2024 6.0 X X 20000 0 0 Patricia Murphy Trustee thru April 2023, Secretary from April 2023 6.0 X X 20000 0 0 Sean Vinck Treasurer thru Jan 2023 Chairman from Jan 2023 8.0 X X 24583 0 0 Rachel Bold Trustee 6.0 X 20000 0 0 Dennis F O'Brien Executive Director 40.0 X 210000 0 10000 Donald L Ocwieja Managing Director of Accounting and Operations 40.0 X 173760 0 12089 Gabriela Martin Program Director 32.0 X 161574 0 24534 649917 0 46623 3 false true false 0 0 0 0 0 0 0 1952946 1952946 0 0 73604939 60670365 12934574 0 12934574 12934574 0 0 0 0 0 14887520 0 0 14887520 9204293 9204293 324583 222979 101604 726044 505867 220177 36539 29231 7308 43939 35151 8788 63188 44222 18966 19896 15905 3991 31734 15867 15867 133074 133074 31470 24753 6717 0 25689 20573 5116 78785 73995 4790 192263 153810 38453 15474 13145 2329 2904 2904 5838 4670 1168 31427 21608 9819 Dues and Subscriptions 2253 1911 342 Repairs and Maintence 198 158 40 0 0 0 0 10969591 10524116 445475 0 3195768 5856995 7267737 9622074 0 0 0 0 19677 19545 265118 240200 30755 24918 65047844 52685800 0 0 269603 267463 75831384 68476795 42624 21175 0 0 72435 73645 115059 94820 X 75716325 68381975 75716325 68381975 75831384 68476795 X 3917929 -11157169 -95110 X false true X true false 5400 5400 0 149024 130506 18518 110694 104294 6400 24918 Compensated Absences 73645 73645 X 3502167 -11157169 -95110 -11252279 14754446 133074 0 133074 14887520 10836517 0 0 10836517 133074 0 133074 10969591 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Foundation received a determination letter from the Internal Revenue Service in 2001 recognizing the exemption from federal income taxes on income related to its exempt purpose under Section 50l(c)4 of the Internal Revenue Code. Accordingly, no provision for income taxes has been made on the financial statements. Current accounting standards require the Foundation to disclose the amount of potential benefit or obligation to be realized as a result of an examination performed by a taxing authority. For the years ended December 31, 2023 and 2022, management has determined that the Foundation does not have any tax positions that result in any uncertainties regarding the possible impact on the Foundation's financial statements. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 CHANGE ACCURED INTEREST - -95110 true Ballard Family Nature Center Inc 5253 E US Hwy 40 Altamont IL 62411 371389458 501(c)(3) 5696 Stewardship of Ballard Nature Center Board of Trustees of the University of Illinois 506 S Wright Street Urbana IL 618013620 376000511 501(c)(3) 75000 RENU-House Solar Decathlon Board of Trustees of the University of Illinois 506 S Wright Street Urbana IL 618013620 376000511 501(c)(3) 15000 RENU-House Solar Decathlon Board of Trustees of the University of Illinois 506 S Wright Street Urbana IL 618013620 376000511 501(c)(3) 60000 RENU-House Solar Decathlon Bremen Community School District #228 15233 Pulaski Road Midlothian IL 60445 366008136 GOV 6400 K-12 1 kW Educational PV System Bremen Community School District #228 17401 S Pulaski Rd Country Club Hills IL 60478 366008136 GOV 6400 K-12 1 kW Educational PV System Bremen Community School District #228 6111 W 175 St Tinley Park IL 60477 366008136 GOV 6400 K-12 1 kW Educational PV System Buffalo Grove Park District 530 Bernard Dr Buffalo Grove IL 60089 362697723 GOV 13319 Pollinator Meadow Habitats at the Buffalo Grove Park District Burr Ridge Community Consolidated School District 180 15W451 91st Street Burr Ridge IL 60527 366004535 GOV 6400 K-12 1 kW Educational PV System Campton Township 4N498 Town Hall Road St Charles IL 60175 366007836 GOV 1608979 Goldenstein Farm Land Acquisition of Campton Township, Kane County (124.5 acres) Campton Township Open Space Foundation 902 S Randall Rd Suite C-340 St Charles IL 60174 822174280 501(c)(3) 5121 Public Amenities and Event at Poynor Dog Park. Project would include preparation of site, drilling of a non-potable well, and installation of a sealed pump at the dog park. Citizens For Conservation Inc 459 W Hwy 22 Lake Barrington IL 600107505 237106675 501(c)(3) 195500 Acquisition of Hill 'N Dale Preserve - Advancing Wetlands Conservation (232.56 acres) Clifftop Nfp PO Box 121 Maeystown IL 622560131 261882018 501(c)(3) 5205 Public Amenities and Events at Stormant-Hauss Nature Preserve College of DuPage Foundation 425 Fawell Blvd Glen Ellyn IL 60137 237011835 501(c)(3) 5000 Public Amenities and Events at College of DuPage Natural Areas Community College District 535 1600 E Golf Road Des Plaines IL 60016 362681999 GOV 12601 People and Pollinators: Raising Awareness by Increasing Pollinator Habitat in our Communities Community Development Corporation Of Pembroke Hopkins Park PO Box 253 Hopkins Park IL 60944 824485492 501(c)(3) 279392 Pembroke Land & Heritage Trails (41 acres) Community High School District 218 12700 S Sacramento Ave Blue Island IL 60406 366004409 GOV 6400 K-12 1 kW Educational PV System Forest Preserve District of Cook County 536 N Harlem Avenue River Forest IL 60305 366006543 GOV 2474000 Acquisition of Old Sutton Parcel to link Spring Lake and Horizon Farm Forest Preserves (44 acres) Forest Preserve District of Cook County 536 N Harlem Avenue River Forest IL 60305 366006543 GOV 10324 Trailside Nature Center/Thatcher Woods Pollinator Garden Forest Preserve Friends Foundation PO Box 1040 Mahomet IL 618531040 371111088 501(c)(3) 6758 Lake of the Woods Pollinator Meadows Foundation for Environmental Education PO Box 340581 Columbus OH 432340581 311426752 501(c)(3) 5250 2020-2021 Workshop/Data Support for K-12 Solar Schools Program Foundation for Environmental Education PO Box 340581 Columbus OH 432340581 311426752 501(c)(3) 8000 ICECF Small-Scale Solar PV for K-12 Schools Grant Program Foundation for Environmental Education PO Box 340581 Columbus OH 432340581 311426752 501(c)(3) 20000 ICECF K-12 Schools Grant Program Field Support Foundation for Environmental Education PO Box 340581 Columbus OH 432340581 311426752 501(c)(3) 12000 ICECF Small-Scale Solar PV for K-12 Schools Grant Program Foundation for Environmental Education PO Box 340581 Columbus OH 432340581 311426752 501(c)(3) 10950 2020-2021 Workshop/Data Support for K-12 Solar Schools Program Foundation for Environmental Education PO Box 340581 Columbus OH 432340581 311426752 501(c)(3) 8470 2020-2021 Workshop/Data Support for K-12 Solar Schools Program Foundation for Environmental Education PO Box 340581 Columbus OH 432340581 311426752 501(c)(3) 8000 ICECF K-12 Schools Grant Program Field Support Foundation for Environmental Education PO Box 340581 Columbus OH 432340581 311426752 501(c)(3) 8000 ICECF Small-Scale Solar PV for K-12 Schools Grant Program Foundation for Environmental Education PO Box 340581 Columbus OH 432340581 311426752 501(c)(3) 10855 2020-2021 Workshop/Data Support for K-12 Solar Schools Program Foundation for Environmental Education PO Box 340581 Columbus OH 432340581 311426752 501(c)(3) 8000 ICECF K-12 Schools Grant Program Field Support Franklin Creek Conservation Association 1893 Twist Rd Franklin Grove IL 610319315 363168007 501(c)(3) 12137 Stewardship of Franklin Creek State Natural Area Friends of Nachusa Grasslands 8772 South Lowden Road Franklin Grove IL 610319617 263303031 501(c)(3) 21000 Stewardship of Nachusa Grasslands - Holland Savanna Unit & Big Jump Savanna/Prairie Unit Friends of Nachusa Grasslands 8772 South Lowden Road Franklin Grove IL 610319617 263303031 501(c)(3) 9000 Stewardship of Stone Barn Savanna - West Holland Savanna Friends of the Chicago River 411 S Wells Suite 800 Chicago IL 60607 363559764 501(c)(3) 25000 Stewardship of Harms Woods Friends of The Forest Preserves 411 S Wells Street Suite 300 Chicago IL 606073901 364519273 501(c)(3) 21000 Stewardship of Little Red School House Oak Woodland (#8280) Friends of The Forest Preserves 411 S Wells Street Suite 300 Chicago IL 606073901 364519273 501(c)(3) 21000 Stewardship of Forest Glen Woods (#8279) Friends of The Forest Preserves 411 S Wells Street Suite 300 Chicago IL 606073901 364519273 501(c)(3) 6000 Stewardship of the Spring Creek Forest Preserve Complex and Grassy Lake Forest Preserve (#8203) Grand Prairie Friends Po Box 36 Urbana IL 618030036 371159051 501(c)(3) 5371 Parking and Trails at Edna Edwards Burnett Land & Water Reserve (80 acres) Granite City Housing Authority 2517 Nameoki Road Granite City IL 62040 376001425 GOV 104592 Net Zero Energy PHIUS Certified Affordable Housing Residence Heartlands Conservancy 29 E Main St Belleville IL 62220 371273869 501(c)(3) 252200 Acquisition of Illinois Chorus Frog Habitat in the Poag SandTerrace INAI site (40 acres) Hinsdale Adventist Academy 630 E Hickory Hinsdale IL 60521 364090219 501(c)(3) 6400 K-12 1 kW Educational PV System Illinois Audubon Society Po Box 2547 Springfield IL 627082547 366065870 501(c)(3) 27300 Acquisition of Zellhofer Properties (133 acres) Illinois Audubon Society Po Box 2547 Springfield IL 627082547 366065870 501(c)(3) 24744 Stewardship of Gremel Nature Preserve: A Legacy Project of Illinois Clean Energy Community Foundation - INAI Sedge Meadow Illinois Audubon Society Po Box 2547 Springfield IL 627082547 366065870 501(c)(3) 5000 Stewardship of 770 Westleigh Irons Oaks Foundation 20000 Western Ave Olympia Flds IL 604611207 363028756 501(c)(3) 5500 Public Amenities and Events at Irons Oaks Environmental Learning Center Jo Daviess Conservation Foundation Inc Po Box 216 Elizabeth IL 610280216 363913497 501(c)(3) 20000 Preserving More Natural Areas and Native American Cultural Heritage in the Driftless Region of NW Illinois Klehm Arboretum & Botanic Garden Inc 2715 S Main St Rockford IL 61102 363676875 501(c)(3) 43436 Klehm Arboretum Visitor Center - 29.5kW PV System Lake Bluff Open Lands Association PO Box 449 Lake Bluff IL 60044 363111442 501(c)(3) 21000 Stewardship of the Skokie River Prairie Land and Water Reserve Lake County Forest Preserve District 1899 West Winchester Road Libertyville IL 60048 366009339 GOV 233600 Acquisition to Increase Wadsworth Savanna Forest Preserve (18.62 acres) Land Conservancy Of Mchenry County Po Box 352 Woodstock IL 600980352 363727476 501(c)(3) 6286 Restoration of Crowley Road Oaks - Remnant Oak Woodland Lincolnwood School District 74 6855 N Crawford Avenue Lincolnwood IL 60712 366004292 GOV 6400 K-12 1 kW Educational PV System McHenry County Conservation Foundation Lost Valley Visitor Center 7210 Keystone Rd Richmond IL 600981108 364340160 501(c)(3) 190152 Camp Lakota Pothole Wetlands Project Addition (+/- 40 acres) Middle Rock Conservation Partners 8772 S Lowden Rd Franklin Grove IL 61031 821530110 501(c)(3) 21000 Restoration of the Samuel & Edna Hill Preservation Site Natural Land Institute 320 S Third St Rockford IL 61104 362478025 501(c)(3) 154000 Clay Woods Addition to Lind-McGeachie Woods Preserve (20.09 acres) Natural Land Institute 320 S Third St Rockford IL 61104 362478025 501(c)(3) 9010 Acquisition of Kenney Woods Addition to Lind-McGeachie Preserve (36 acres) Natural Land Institute 320 S Third St Rockford IL 61104 362478025 501(c)(3) 11000 Pollinator Meadow Conversion at Lind-McGeachie Woods Preserve Natural Land Institute 320 S Third St Rockford IL 61104 362478025 501(c)(3) 221010 Acquisition of Kenney Woods Addition to Lind-McGeachie Preserve (36 acres) Natural Land Institute 320 S Third St Rockford IL 61104 362478025 501(c)(3) 10000 NLI Strategic Land & Water Conservation Plan North Elementary School 9500 Gage Avenue Franklin Park IL 60131 366004302 GOV 10302 North Elementary School Pollinator Garden Ogle Natural Areas Alliance 7993 N River Rd Byron IL 61010 873611741 501(c)(3) 97980 Acquisition of River Dr. Property - Byron, IL (14 acres) Park District of Oak Park 218 Madison St Oak Park IL 60302 366006028 GOV 1067194 Oak Park Net Zero Energy Community Recreation Center Parklands Foundation Po Box 12 Normal IL 617610012 376075466 501(c)(3) 5226 Public Amenities for Hayes Woods Preserve Parklands Foundation Po Box 12 Normal IL 617610012 376075466 501(c)(3) 5500 Public Amenities and Events at Lexington Preserve Prairie State Conservation Coalition PO Box 2547 Springfield IL 62708 202692546 501(c)(3) 18000 PSCC - Growing Leadership, Diversifying Membership, and Completing the Strategic Plan River Trails School District 26 1211 N Wheeling Rd Mount Prospect IL 60056 366003301 GOV 800000 Park View School Net Zero Energy Renovation Saint Joseph School 4824 Highland Avenue Downers Grove IL 60515 362272363 501(c)(3) 200000 St. Joseph School Net Zero Energy Addition The Conservation Foundation 10S404 Knoch Knolls Rd Naperville IL 605655447 237221206 501(c)(3) 50000 Acquisition of Aux Sable Creek Addition- Trotter/Schuneman Parcel (20 acres) The Conservation Foundation 10S404 Knoch Knolls Rd Naperville IL 605655447 237221206 501(c)(3) 9611 Acquisition of Harper's Farm in Ottawa along Illinois River (92 acres) The Conservation Fund 550 West Washington Street Suite 201 Chicago IL 60606 521388917 501(c)(3) 150925 Acquisition under Illinois Working Lands, Water and Wildlife Partnership (300 acres of purchased natural areas conservation easement) The French International School of Chicago Inc 1929 West Wilson Ave Chicago IL 60640 364002001 GOV 6400 K-12 1 kW Educational PV System The Friends Of The Forest Preserve District Of Dupage County 3S580 Naperville Rd Wheaton IL 601898761 452343580 501(c)(3) 25000 Stewardship of Churchill Woods - Babcock Grove The Wetlands Initiative 53 W Jackson Blvd Ste 1015 Chicago IL 606043658 363942451 501(c)(3) 9000 Stewardship of the Dixon Waterfowl Refuge - Violet Meadow Tract Village of Buffalo Grove 46 Raupp Blvd Buffalo Grove IL 600892199 362525051 GOV 7074 Native Area Restoration and Pollinator Project Village of Port Byron Illinois 120 S Main St P O Box 438 Port Byron IL 61275 366006053 GOV 262500 Port Byron Waste Water Treatment Facility - Net Zero Energy Wheeling Community Consolidated School District 21 1001 W Dundee Road Wheeling IL 60090 366005681 GOV 6400 K-12 1 kW Educational PV System Wheeling Community Consolidated School District 21 1050 Plum Grove Circle Buffalo Grove IL 60089 366005681 GOV 6400 K-12 1 kW Educational PV System Wheeling Community Consolidated School District 21 221 South Wolf Road Wheeling IL 60090 366005681 GOV 6400 K-12 1 kW Educational PV System Wilmette Public School District 39 649 Prairie Avenue Wilmette IL 60091 366004267 GOV 6400 K-12 1 kW Educational PV System (#8265) Wilmette Public School District 39 910 Central Avenue Wilmette IL 60091 366004267 GOV 6400 K-12 1 kW Educational PV System (#8267) Wilmette Public School District 39 1101 Dartmouth Street Wilmette IL 60091 366004267 GOV 6400 K-12 1 kW Educational PV System (#8266) Wilmette Public School District 39 600 Romona Road Wilmette IL 60091 366004267 GOV 6400 K-12 1 kW Educational PV System (#8264) Wilmette Public School District 39 620 Locust Road Wilmette IL 60091 366004267 GOV 6400 K-12 1 kW Educational PV System (#8263) 51 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. The Foundation assures its grant funds are used for their intended purpose primarily through making payments only after the grant requirements have been accomplished and documented. The preponderance of grants covers the installation of clean energy technologies or the acquisition of land that lend themselves to this monitoring approach. Where this approach does not apply, performance and related payments are tied to reaching a specific performance benchmark, as noted in the grant agreement, and providing documentation of having attained this benchmark and the use of grant funds to date. In addition, a final report is required from grantees reporting on the outcomes of the project against those anticipated and a detailed report on the use of Foundation funds in support of those outcomes. X X false false false false false false false false false Dennis F O'Brien Executive Director 210000 0 0 0 0 0 10000 0 0 0 220000 0 0 0 Donald L Ocwieja Managing Director of Accounting and Operations 173340 0 0 0 420 0 10000 0 2089 0 185849 0 0 0 Gabriela Martin Program Director 161316 0 0 0 258 0 10000 0 14534 0 186108 0 0 0 Form 990, Part VI, Line 15b PROCESS TO ESTABLISH COMPENSATION OF OTHER OFFICERS OR KEY EMPLOYEES In setting the compensation for the foundation's other officers or key employees, the Exec Director relies on recent compensation studies that provide compensation data for similarly qualified persons in comparable organizations to support its decision-making process. The process for reviewing compensation for the organization's other officers is completed on an annual basis. Form 990, Part VI, Line 6 Classes of members or stockholders The corporation shall have six classes of members, designated Class A, Class B, Class C, Class D, Class E, and Class F. Class A members shall consist of one member, the incumbent Governor of the State of Illinois. Class B members shall consist of one member, the incumbent President of the Illinois Senate. Class C members shall consist of one member, the incumbent Minority Leader of the Illinois Senate. Class D members shall consist of one member, the incumbent Speaker of the Illinois House of Representatives. Class E members shall consist of one member, the incumbent Minority Leader of the Illinois House of Representatives. Class F members shall consist of one member, Commonwealth Edison Company (or its corporate successor). Form 990, Part VI, Line 7a Members or stockholders electing members of governing body Each member is entitled to appoint one trustee to sit on the board of directors. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body The foundation did not have any committees with the authority to act on behalf of the governing body. Form 990, Part VI, Line 11b Review of form 990 by governing body The foundation's independent paid tax preparers review the prepared form 990 with the Foundation staff. Subsequent to this review, the Chair of the Foundation's Audit Committee and another Board member review the Form 990. They discuss and resolve any questions or clarifications with Foundation staff. The foundation staff works with its tax preparers to resolve any questions or issues the Audit Committee Chair and the other Board members discover before filing the return. Copies of the final form 990 are distributed to all members of the Foundation's governing body prior to filing with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy The foundation's conflict of interest policy covers all Trustees, Officers, members of a Committee and all employees. Annually, conflict of interest questionnaires are completed by the foundation's interested persons and reviewed by the Executive Director. Any interested person of the Foundation who has a conflict of interest, described in the Foundation's Conflict-of-Interest Policy, must fully disclose such interest to the Foundation's Board of Trustees or appropriate Committee before any discussion or negotiation of such transaction or arrangement. Any person covered by this policy may seek a determination by the Board of Trustees as to whether his or her disclosure shows that a conflict of interest exists or can reasonably be construed to exist. A majority vote of the Trustees present at a Board meeting at which a quorum is present must then determine whether an interest exists or can reasonably be construed to exist after deliberation without the presence of the person requesting the determination. Any Interested person of the Foundation who has either disclosed and declared a conflict of interest, or been determined to have a conflict of interest (or reasonably construed to have an interest) by the Board of Trustees, shall not be present for any discussion or deliberation or vote on such transaction or arrangement; and shall not otherwise use his or her personal influence in connection with such matter. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE COMPENSATION PACKAGE OF THE FOUNDATION'S TOP MANAGEMENT OFFICIAL, EXECUTIVE DIRECTOR DENNIS O'BRIEN, IS OUTLINED IN A WRITTEN EMPLOYMENT CONTRACT. THE MOST RECENT CONTRACT WAS ENTERED INTO DURING July 2019, WITH A TERM THROUGH DECEMBER 2023. THE EXECUTIVE DIRECTOR'S COMPENSATION IS FIXED FOR THE CONTRACT TERM, WHICH BEGAN ON AUGUST 1, 2019. PRIOR TO THIS, THERE WAS A SIMILAR CONTRACT IN PLACE FROM JAN 2017 THROUGH DECEMBER 2019. IN SETTING THE TOP MANAGEMENT OFFICIAL'S COMPENSATION, THE ORGANIZATION'S BOARD RELIES ON RECENT COMPENSATION STUDIES THAT PROVIDE COMPENSATION DATA FOR SIMILARLY QUALIFIED PERSONS IN COMPARABLE ORGANIZATIONS AND TAKE INTO CONSIDERATION HIS JOB PERFORMANCE TO SUPPORT ITS DECISION-MAKING PROCESS. THE TOP MANAGEMENT OFFICIAL'S COMPENSATION ARRANGEMENT IS SUBJECT TO THE INDEPENDENT BOARD'S REVIEW AND APPROVAL, AND NO INDIVIDUALS WHO HAVE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT PARTICIPATE IN THE DELIBERATIONS. THE BOARD ADEQUATELY DOCUMENTS ITS COMPENSATION DETERMINATIONS AND DELIBERATIONS REGARDING COMPENSATION IN THE BOARD PROCEEDINGS ON A TIMELY BASIS. Form 990, Part VI, Line 19 Required documents available to the public Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. These documents are not available to the public at this time. Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN ACCRUED INTEREST - -95110;