2022-11-10T09:54:13-06:00 2021-12-31 203992693 RANDY WALKER & CO 7800 IH 10 WEST STE 505 SAN ANTONIO TX 78230 990 2021-01-01 412046295 THE CITIZENS FOUNDATION USA CITI 8887293022 2900 WILCREST DR 225 HOUSTON TX 77042 ARIF GAFUR PRESIDENT & DIRECTOR 8887293022 2022-11-04 1 ARIF GAFUR 999009999 RANDY L WALKER CPA P00963779 2103669430 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z X ARIF GAFUR 2900 WILCREST DR 225 HOUSTON TX 77042 20150739 0 X WWW.TCFUSA.ORG X 2002 IL TCF, USA PROVIDES QUALITY EDUCATION FOR UNDERPRIVILEGED CHILDREN IN PAKISTAN. THE GOAL IS TO BUILD CIVIL SOCIETY AND PROMOTE EQUALITY. 13 13 14 200 0 0 15132430 19826048 0 0 22963 90476 0 0 15155393 19916524 11575147 17372448 0 0 586571 639956 0 0 1213615 557767 779350 12719485 18791754 2435908 1124770 6662711 7765514 177546 155124 6485165 7610390 X TCF-USA PROVIDES QUALITY EDUCATION FOR UNDERPRIVILEGED CHILDREN IN PAKISTAN. THE GOAL IS TO BUILD CIVIL SOCIETY AND PROMOTE GENDER EQUALITY. AN ALL-FEMALE FACULTY ENCOURAGES PARENTS TO ENROLL THEIR GIRLS, WHILE SIMULTANEOUSLY CREATING EMPLOYMENT OPPORTUNITIES AS TEACHERS AND PRINCIPALS FOR THOUSANDS OF WOMEN. TCF GRADUATES ARE PROVIDED SUPPORT FOR COLLEGE AND VOCATIONAL TRAINING. 1 0 8349344 8349344 ANNUAL OPERATING EXPENSES OF SCHOOLS: IN 2021, TCF-USA RAISED 7.98M USD FROM USA DONORS FOR THE OPERATIONAL SUPPORT OF TCF PAKISTAN SCHOOLS IN PAKISTAN, INCLUDING MULTIYEAR SUPPORT, EDUCATING UNDERPRIVILEGED CHILDREN. OPERATIONAL EXPENSES OF RUNNING THE SCHOOL EFFICIENTLY WITH A PRINCIPAL, TRAINED TEACHERS, AND ADMIN STAFF IS COVERED BY THE SUPPORT, INCLUDING THE PICK UP AND DROP OFF OF FEMALE TEACHERS TO TCF PAKISTAN SCHOOLS LOCATED, MAINLY, IN DIFFICULT TO ACCESS AREAS OF THE CITIES OR VILLAGES.HIGHER EDUCATION SCHOLARSHIPS WORTH 0.29M USD WERE ALSO PROVIDED TO SUPPORT STUDENTS. THESE SCHOLARSHIPS INCENTIVIZE STUDENTS AND BOOSTS SELF-CONFIDENCE AND OPEN DOORS TO PROMISING OPPORTUNITIES. THESE AWARDED STUDENTS BECOME ROLE MODELS NOT ONLY WITHIN THEIR OWN FAMILIES AND SCHOOLS, BUT WITHIN THE COMMUNITIES. 7676363 7623779 CAMPUS CONSTRUCTION:IN 2021, TCF-USA SUPPORTED BUILDING NEW PRIMARY AND SECONDARY SCHOOL UNITS BY RAISING FUND AMOUNTING TO 7.62M USD. THIS HELPED CREATE EDUCATIONAL OPPORTUNITIES FOR UNDERPRIVILEGED CHILDREN IN THE MOST IMPOVERISHED AND REMOTE REGIONS OF PAKISTAN. EACH OF THESE SCHOOLS HAVE A CAPACITY OF 180 STUDENTS. 1399325 1399325 ENDOWMENTS FOR FUTURE OPERATION OF SCHOOLS: TCF-USA SUPPORTS THE EFFORTS OF TCF PAKISTAN BY CONTRIBUTING TOWARDS THE ENDOWMENT OF TCF-USA BUILT SCHOOLS. IN 2021, TCF-USA RAISED 1.39M USD UNDER ENDOWMENT FUNDS. THIS ENSURES LONG-TERM SUSTAINABILITY FOR TCF PAKISTAN SCHOOLS AND HELPS US TO CONTINUE, YEAR AFTER YEAR, TO PROVIDE QUALITY EDUCATION TO THE UNDERPRIVILEGED CHILDREN. 17425032 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 20 0 1 14 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 1 0 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 IL NJ X X X SALMAN HASAN 8887293022 2900 WILCREST DR 225 HOUSTON TX 77042 JAWAID EKRAM DIRECTOR 2.00 X 0 0 0 MASOOMA BHAIWALA DIRECTOR FROM JUNE 2021 1.00 X 0 0 0 ABDULLAH JAFARI DIRECTOR 20.00 X 0 0 0 SHIMMI KIDWAI DIRECTOR 1.00 X 0 0 0 AZHAR HAMEED DIRECTOR 1.00 X 0 0 0 AMJAD NOORANI DIRECTOR 1.00 X 0 0 0 EJAZ A SHAMEEM DIRECTOR 1.00 X 0 0 0 KASHMALA SHARIF DIRECTOR 1.00 X 0 0 0 HAROON ISMAIL DIRECTOR FROM JAN 2020 1.00 X 0 0 0 ADIL NAJAM DIRECTOR FROM JUN 2020 1.00 X 0 0 0 HAJI MODY DIRECTOR & SECRETARY 2.00 X X 0 0 0 FARAZ KHAN DIRECTOR & TREASURER 2.00 X X 0 0 0 ARIF GAFUR PRESIDENT & DIRECTOR 40.00 X X 0 0 0 FAKHIA RASHID COO & DEVELOPMENT MANAGER 40.00 X 100300 0 0 DANIAL NOORANI DIRECTOR DEVELOPMENT 40.00 X 51200 0 0 RAYOMAND GHADIALI CFO 30.00 X 48647 0 0 SALMAN HASAN CEO FROM APRIL 2021 40.00 X 0 0 0 200147 0 0 1 0 0 0 0 2542746 121397 17161905 717129 19826048 90476 90476 234215 2542746 234215 0 19916524 0 0 90476 17372448 17372448 200147 18013 20015 162119 394115 34571 39546 319998 45694 6610 39084 159423 32987 126436 278109 972 277137 81913 21025 60888 34735 5340 29395 3906 3838 68 5650 394 5256 2774 2774 3341 3074 267 CONTRIBUTIONS PROC. FEE 111861 111861 PRINTING, POSTAGE AND D 63171 133 63038 MARKETING - GALA 18169 101 18068 UNCOLLECTABLE EXPENSE 16298 16298 18791754 17425032 153107 1213615 667756 643591 5264043 6415455 53087 23238 33670 27606 6459 6064 465489 443648 205877 209350 0 24168 6662711 7765514 50546 155124 127000 0 177546 155124 X 3133358 1187160 3351807 6423230 6485165 7610390 6662711 7765514 1124770 455 0 X X 0 1 X 1 0 X 8395717 10080513 11059741 15132430 19826048 64494449 8395717 10080513 11059741 15132430 19826048 64494449 5809306 58685143 75783 32060 51626 22963 90476 272908 64767357 0.90610 0.96020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 613874 79286 693160 571497 42377 613874 502110 69387 571497 546584 -44474 502110 1042167 80042 500000 72000 3625 546584 0.89180 0.10820 1 0 28176 23232 4944 5494 4374 1120 6064 X 19953453 455 36474 36929 19916524 0 19916524 18828228 36474 36474 18791754 0 18791754 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT CONSISTS OF INVESTMENT FUNDS ESTABLISHED FOR SUPPORTING ONGOING OPERATIONS AND MAINTENANCE OF SCHOOLS BUILT IN THE AREA IMPACTED BY THE 2005 EARTHQUAKE IN PAKISTAN. INVESTMENT AND SPENDING POLICY. THE ORGANIZATION HAS ADOPTED INVESTMENT POLICIES, APPROVED BY THE BOARD OF DIRECTORS AND INVESTMENT COMMITTEE, FOR ENDOWMENT ASSETS. THE ORGANIZATION WILL INVEST ONLY IN LOW-RISK, CONSERVATIVE INVESTMENT VEHICLES IN ORDER TO MAINTAIN THE PURCHASING POWER OF CURRENT ASSETS AND FUTURE CONTRIBUTIONS IN RELATION TO COST INCREASES AND INFLATION AND MAXIMIZE RETURN WITHIN REASONABLE AND PRUDENT LEVELS OF RISK. INVESTMENT ASSETS ARE INVESTED IN A WELL-DIVERSIFIED ASSET MIX, WHICH INCLUDES EQUITY AND DEBT SECURITIES THAT ARE MANAGED BY THE ORGANIZATION'S INVESTMENT COMMITTEE TO PREVENT EXPOSING THE FUND TO UNACCEPTABLE LEVELS OF RISK. WITH REGARDS TO RETURNS ON ENDOWMENTS, THE ORGANIZATION HAS ADOPTED A SPENDING POLICY WHICH WILL APPLY TO ALL ENDOWED FUNDS UNLESS A PARTICULAR DONOR HAS OTHERWISE STIPULATED SPENDING RESTRICTIONS. THE ORGANIZATION WILL NOT SPEND RETURNS FROM THE ENDOWMENT IF IT FALLS BELOW THE ORIGINAL ENDOWMENT AMOUNT. MANAGEMENT, WITH APPROVAL FROM THE INVESTMENT COMMITTEE, HAS DISCRETION OVER HOW AND WHETHER OR NOT SURPLUS RETURNS ARE USED. PART X, LINE 2: THE ORGANIZATION APPLIES THE PROVISIONS OF FASB ASC TOPIC 740, INCOME TAXES, (FORMERLY FASB INTERPRETATION NO. 48 (FIN 48), ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES - AN INTERPRETATION OF FASB STATEMENT NO. 109), WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FIN 48 ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURES AND TRANSITION. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. 0 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 1 2 PROGRAM SERVICES BUILDING & OPERATING; SCHOOLS (KG-10); CONSTRUCTION, OPERATION, ENDOWMENTS 17372448 1 2 0 0 1 2 17372448 0 17372448 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, SCHOOL OPERATION 7982931 WIRE TRANSFER 0 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, SCHOOL CONSTRUCTION 7623779 WIRE TRANSFER 0 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, SCHOOL ENDOWMENT 1399325 WIRE TRANSFER 0 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, SCHOLARSHIPS 280927 WIRE TRANSFER 0 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, VOCATIONAL TRAINING 65430 WIRE TRANSFER 0 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, SCHOLARSHIPS 18724 WIRE TRANSFER 0 2 0 0 0 0 0 0 PART I, LINE 2: THE CITIZENS FOUNDATION, USA (TCF-USA) MAINTAINS A HIGH LEVEL OF TRANSPARENCY IN ALL ITS FINANCIAL AND GOVERNANCE DEALINGS AND ADHERES TO A STRICT "DUE DILIGENCE" PROCESS. TO ADDRESS THE US GOVERNMENT'S CONCERN REGARDING ENHANCED SCRUTINY FOR FUNDS THAT GO OUTSIDE THE U.S., ALL RECIPIENTS OF TCF-USA FUNDS HAVE BEEN SELECTED BASED ON THE SECULAR AND SCIENTIFIC EDUCATION THEY ARE PROVIDING TO NEEDY CHILDREN IN SOUTH ASIA. TCF,USA TAKES THE FOLLOWING STEPS FOR DUE DILIGENCE: - COMPLETE BACKGROUND CHECK FOR THE GRANTEE ORGANIZATION'S BOARD AND STAFF MEMBERS USING OFAC LIST. THIS CHECK IS MADE PRIOR TO GRANTING ANY FUNDS. - OBTAINS AN EQUIVALENCY AFFIDAVIT FROM THE FOREIGN CHARITY SHOWING THAT IT'S EQUIVALENT TO A US CHARITY. - FOR PROJECT-RELATED GRANTS, OBTAIN A DETAILED PROPOSAL WITH TIMELINES AND PERIODIC UPDATES UNTIL COMPLETION. - OBTAINS AUDITED ANNUAL REPORTS. ALL TCF SCHOOLS ARE INTERNALLY AUDITED AT LEAST ONCE EACH YEAR AND TCF ACCOUNTS ARE AUDITED BY CHARTERED ACCOUNTING FIRMS OF INTERNATIONAL REPUTE. - OBTAINS BY-LAWS AND ARTICLES OF INCORPORATION OF GRANTEE ORGANIZATION. - SUBMISSION OF ACCEPTANCE AND SIGNED AGREEMENT AS PART OF THE GRANT LETTER BY THE CHIEF EXECUTIVE OFFICER OF THE GRANTEE ORGANIZATION COMPLYING WITH TERMS REGARDING PURPOSE, PUBLICITY, REPORTING, ACCOUNTS, PROHIBITED ACTIVITIES, OVERSIGHT AND COMPLIANCE. - TCF SCHOOLS ARE VISITED PERIODICALLY BY MEMBERS OF THE BOARD OF DIRECTORS AND MANAGEMENT OF TCF-USA AS WELL AS USA DONORS. PART III ACCOUNTING METHOD: FORM 990, SCHEDULE F, PART I, LINE 3, COLUMN (A) REGION: SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, PAKISTAN, AND SRI LANKA. SPECIAL EVENTS 2776961 2542746 234215 234215 2776961 2542746 234215 234215 234215 0 X 47 717129 FAIR MARKET VALUE 0 0 0 PART I, COLUMN (B): THE CITIZENS FOUNDATION, USA (TCF-USA) IS REPORTING THE NUMBER OF CONTRIBUTIONS IN PART I, COLUMN (B). FORM 990, PART I, LINE 1 TCF-USA SUPPORTS THE PRIMARY AND SECONDARY EDUCATION OF CHILDREN IN THE URBAN SLUMS AND POOR RURAL AREA OF PAKISTAN. TCF-USA SUPPORTS SPECIFIC PROGRAMS, INITIATIVES AND PROJECTS OF ITS IMPLEMENTATION PARTNER, THE CITIZENS FOUNDATION (TCF) IN PAKISTAN. TCF HAS BUILT AND OPERATES 1,833 PURPOSE-BUILT SCHOOLS PROVIDING QUALITY EDUCATION TO 280,000 CHILDREN, WITH AN ALL-FEMALE FACULTY OF 12,000+ TEACHERS. TCF-USA DONORS HAVE CONTRIBUTED TO BUILD AND PROVIDE ONGOING SUPPORT OF OVER 249 OF THESE ELEMENTARY & SECONDARY SCHOOLS. IN 2021, BESIDES BUILDING SEVERAL NEW SCHOOLS, TCF-USA ALSO PROVIDED SUPPORT FUNDS TO EDUCATE SOME 65,000+ CHILDREN IN THE TCF SCHOOL NETWORK, PLUS AWARDING UNIVERSITY/COLLEGE SCHOLARSHIPS FOR MANY OF THE GRADUATES OF TCF SCHOOLS. TCF-USA ALSO SUPPORTED THE UNESCO CONFUCIUS PRIZE WINNING ADULT LITERACY PROGRAM AAGAHI. THIS PROGRAM ENABLES WOMEN FROM THE SCHOOL COMMUNITIES TO LEARN TO READ, WRITE AND DO BASIC ARITHMETIC IN 3 MONTHS. TCF-USA ALSO FUNDED THE CONSTRUCTION AND OPERATION OF 4 WATER PURIFICATION PLANTS THAT PROVIDED SAFE DRINKING WATER FOR OUR STUDENTS AND THE COMMUNITY IN THE VICINITY OF THE SCHOOLS. TCF-USA FUNDED WOMEN EMPOWERMENT VOCATIONAL TRAINING PROGRAMS FOR TCF ALUMNA AND THE WOMEN OF SEVERAL COMMUNITIES SERVED BY OUR SCHOOLS. SUPPORTING FUNDS TO HELP COVID IMPACTED COMMUNITIES AND FAMILIES WERE ALSO DISTRIBUTED IN 2021. SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION THE CITIZENS FOUNDATION, USA 2900 WILCREST DR., SUITE 225 HOUSTON, TX 77042 EMPLOYER IDENTIFICATION NUMBER: 41-2046295 FOR THE YEAR ENDING DECEMBER 31, 2021 THE CITIZENS FOUNDATION, USA IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263 A)-1(F). FORM 990, PART III, LINE 2 DIGITAL LITERACY PROGRAM (DLP) WAS PILOTED DURING THE PANDEMIC. THE NEED EXISTS FOR STUDENTS TO BE UPDATED WITH MODERN DIGITAL TOOLS IN ORDER TO THRIVE IN THE FAST-GROWING TECHNOLOGICAL WORLD AND LEARN TO THINK LOGICALLY AND SOLVE PROBLEMS USING THOSE MODERN DIGITAL TOOLS. STUDENTS ATTEND LECTURES BASED ON NEW IN-HOUSE CREATED TEXTBOOKS WITH PRIMARY FOCUS BEING ON THE FIVE MAIN STUDENT LEARNING OUTCOMES NAMELY, COMPUTATIONAL THINKING, PROGRAMMING, COMPUTER SYSTEMS, DIGITAL CITIZENSHIP AND IT SKILLS. EARLY YEARS' RE-DESIGN (EYRD) WAS PILOTED IN 2017 WITH AN AIM TO RE-DESIGN EARLY YEARS AND PRIMARY SCHOOL EDUCATION TO SUPPORT THE DEVELOPMENT OF THE WHOLE CHILD AND 21ST CENTURY SKILLS. AN EYRD SCHOOL IS A FUNCTIONING SCHOOL WHERE A DEDICATED TEAM CREATES AND TESTS CURRICULAR COMPONENTS SUCH AS STORY TIME, SNACK TIME, OR FITNESS TIME THAT ARE INTENDED TO BE, REPLACING THE CURRENT, TRADITIONAL TEXTBOOK-BASED MODEL. EVALUATION OF THIS MODEL EXAMINES, AMONG OTHER THINGS: CHANGES IN EMPATHY, CREATIVITY, AND PROBLEM-SOLVING AMONGST STUDENTS, AND PRINCIPALS AND TEACHERS' PERCEPTIONS OF THE MEANING AND IMPORTANCE OF LIFE SKILLS. IN 2021, TCF PAKISTAN KICK OFF THE PROCESS OF RE-DESIGNING THE SCHOOLS AND SCALING THIS PROGRAM AIMING TO FINISH THIS PROCESS BY 2022. REMEDIATION PROGRAMS HAVE BEEN INTRODUCED IN 2021 PRIMARILY TO CATER TO THE POST COVID LEARNING GAPS. AAGHAAZ (NEW BEGINNING) IS AIMED AT TAKING MAJORITY OF STUDENTS IN A CLASS THROUGH REMEDIAL LESSONS WHEN THEY ARE FALLING BELOW THE BASELINE IN TERMS OF FOUNDATION SKILLS. IT IS DESIGNED FOR 8 WEEKS WITH POST PROGRAM EVALUATION. URAAN (TAKING FLIGHT) IS AIMED AT INDIVIDUAL LEARNING NEEDS OF A STUDENT. POST PROGRAM EVALUATION RESULTS INDICATES THE STUDENT'S LEARNING LEVELS AND HIS/HER PROGRESS. FORM 990, PART VI, SECTION A, LINE 2 DANIAL NOORANI, DIRECTOR DEVELOPMENT AND AMJAD NOORANI, DIRECTOR, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 THE BOARD APPROVED THE FOLLOWING CHANGE TO THE BYLAWS ON OCTOBER 2, 2021: ARTICLE IV: COMMITTEES OF THE BOARD AND AUXILIARY BOARDS SECTION 4.4 TITLES AND FUNCTIONS OF STANDING COMMITTEES (E) THE GRANT COMMITTEE SHALL BE RESPONSIBLE FOR DEVELOPING AND STEERING THE EFFORTS RELATED TO SECURING GRANTS FROM PRIVATE, COMMUNITY AND CORPORATE FOUNDATION. THE GRANT COMMITTEE WILL PROVIDE OVERSIGHT AND ADVICE ON THE PEOPLE, PROCESSES AND TOOLS REQUIRED TO EFFECTIVELY ENGAGE FOUNDATIONS. SECTION 4. 6 AUXILIARY BOARDS SECTION 4.6.1 THE BOARD OF DIRECTORS SHALL APPOINT TWO MEMBERS OF THE BOARD OF DIRECTORS TO CONCURRENTLY SERVE ON THE AUXILIARY OR ADVISORY BOARDS TO PROVIDE GUIDANCE AND TO SERVE AS A LIAISON BETWEEN THE AUXILIARY AND ADVISORY BOARD AND THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 6 THE CITIZENS FOUNDATION, USA HAS AN INDEPENDENT BOARD OF GOVERNING BODY, SEE 990 PART VII. THE BOARD ELECTS ONE OR MORE OTHER QUALIFIED MEMBERS FROM VARIOUS SOURCES. ALL DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE MAJORITY OF VOTES OF THE MEMBERS IN THE BOARD MEETINGS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD SHALL BY MAJORITY VOTE DESIGNATE A GOVERNANCE & NOMINATING COMMITTEE OF THREE OR MORE MEMBERS, COMPRISING OF AT LEAST TWO DIRECTORS OF THE BOARD. A MEMBER OF THE BOARD, WHOSE TERM OF MEMBERSHIP IS EXPIRING AND WHO IS ELIGIBLE FOR RE-ELECTION, SHALL NOT BE APPOINTED TO THE GOVERNANCE & NOMINATING COMMITTEE. THE GOVERNANCE & NOMINATING COMMITTEE SHALL SUBMIT A SLATE OF CANDIDATES TO THE BOARD FOR ACCEPTANCE AT A REGULAR MEETING OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED FORM 990 IS REVIEWED BY THE CEO, TREASURER AND FINANCE & AUDIT COMMITTEE AND CIRCULATED TO BOARD MEMBERS PRIOR TO FINAL SUBMITTAL. FORM 990, PART VI, SECTION B, LINE 12C THE CITIZENS FOUNDATION HAS INCORPORATED ITS CONFLICT OF INTEREST POLICY IN ARTICLE 9 OF ITS BYLAWS. THE CEO MONITORS THE COMPLIANCE AND ENFORCEMENT OF THE POLICY BY KEY EMPLOYEES, AND THE BOARD PRESIDENT MONITORS AND ENFORCES COMPLIANCE BY THE DIRECTORS, IN ACCORDANCE WITH THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 15 THE CITIZENS FOUNDATION, USA [TCF-USA] BOARD REVIEWS AND APPROVES THE COMPENSATION FOR THEIR CEO AND OTHER KEY EMPLOYEES. TCF-USA USES NON-PROFIT INDUSTRY SALARY BENCHMARKING STUDIES TO ESTABLISH COMPENSATIONS FOR ALL EMPLOYEES. THEY ALSO KEEP CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO DELIBERATIONS REGARDING THE COMPENSATION ARRANGEMENTS. FORM 990, PART VI, SECTION C, LINE 19 THE CITIZENS FOUNDATION, USA [TCF-USA] MAKES AVAILABLE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AT ITS CORPORATE OFFICE. FORM 990, PART XII, LINE 2C THE ORGANIZATION'S PROCESS FOR ASSUMING RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT, REVIEW, OR COMPILATION OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT AUDITOR HAVE NOT CHANGED FROM THE PRIOR YEAR.