2025-11-17T16:53:04-06:00 2024-12-31 420714325 RSM US LLP 19026 RIDGEWOOD PKWY STE 400 SAN ANTONIO TX 78259 990 2024-01-01 746065414 SAN ANTONIO AREA FOUNDATION SANA 2102252243 155 CONCORD PLAZA DR 301 SAN ANTONIO TX 78216 APRIL HANSARD CHIEF FINANCIAL OFFICER 2102252243 2025-11-13 1 0 JOSEPHINE BEHREND P00715390 2108286281 2025-11-13 2024 2025-03-06 01:10:19Z NADEGE SOUVENIR 155 CONCORD PLAZA DR 301 SAN ANTONIO TX 78216 308108013 0 3910 X WWW.SAAFDN.ORG X 1964 TX THE SAN ANTONIO AREA FOUNDATION SERVES AS YOUR MOST TRUSTED AND IMPACTFUL PHILANTRHOPIC PARTNER. THE AREA FOUNDATION STRIVES TO CLOSE OPPORTUNITY GAPS FOR THOSE WHO NEED IT MOST. 14 14 54 498 0 0 48473321 44881873 1815873 2133543 16722546 58590114 764538 2424306 67776278 108029836 36301564 44323810 0 0 5304259 5885823 0 0 589701 5368601 6245842 46974424 56455475 20801854 51574361 594225008 640685033 27667752 21480795 566557256 619204238 X TO SERVE AS YOUR MOST TRUSTED AND IMPACTFUL PHILANTHROPIC PARTNER. 1 0 48439147 44323810 2160279 THE SAN ANTONIO AREA FOUNDATION HELPS PEOPLE MAKE MEANINGFUL GIFTS TO IMPROVE THE QUALITY OF LIFE TODAY AND FOR GENERATIONS TO COME. THE AREA FOUNDATION PROVIDES A SIMPLE, POWERFUL, AND HIGHLY PERSONAL APPROACH TO GIVING, SO CONTRIBUTIONS CAN HAVE AN EVERLASTING IMPACT ON THE COMMUNITY. THE AREA FOUNDATION CONTRIBUTES THROUGH GRANTS AND SCHOLARSHIPS FUELED BY DONORS, HELPS NONPROFITS FURTHER AND STRENGTHEN THEIR MISSION, AND PROVIDES LEADERSHIP FOR KEY COMMUNITY ISSUES. 48439147 1 1 0 0 0 1 0 1 1 1 1 1 0 0 1 1 0 1 0 0 1 1 1 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 78 0 1 54 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X APRIL HANSARD 2102252243 155 CONCORD PLAZA DR 301 SAN ANTONIO TX 78216 ALEX PEREZ CHAIRMAN 2.00 2.00 X X 0 0 0 GENERAL TOM HILL PAST CHAIR 2.00 2.00 X X 0 0 0 BARBARA BARBIE O'CONNOR CHAIR-ELECT (UNTIL 10/4/2024) 2.00 2.00 X X 0 0 0 SUZANNE WADE VICE CHAIR 2.00 2.00 X X 0 0 0 SARAH HARTE SECRETARY 2.00 2.00 X X 0 0 0 MICHAEL BOLNER TREASURER 2.00 2.00 X X 0 0 0 MARI AGUIRRE RODRIGUEZ DIRECTOR 1.00 1.00 X 0 0 0 YONNIE BLANCHETTE DIRECTOR 1.00 1.00 X 0 0 0 JORGE ELIZONDO DIRECTOR 1.00 1.00 X 0 0 0 BLAKE HASTINGS DIRECTOR (UNTIL 5/4/2024) 1.00 1.00 X 0 0 0 ROBERT HERNANDEZ DIRECTOR 1.00 1.00 X 0 0 0 DAVID KOMET DIRECTOR 1.00 1.00 X 0 0 0 DEBBIE SEROT DIRECTOR 1.00 1.00 X 0 0 0 GURPAUL SINGH DIRECTOR 1.00 1.00 X 0 0 0 DR MORRIS STRIBLING DIRECTOR 1.00 1.00 X 0 0 0 HARRY W WOLFF JR DIRECTOR 1.00 1.00 X 0 0 0 NADEGE SOUVENIR CHIEF EXECUTIVE OFFICER 44.00 4.00 X 338055 0 26840 ARENDA BURNS CHIEF OPERATING OFFICER 44.00 4.00 X 254421 0 36152 LISA BRUNSVOLD CHIEF DEVELOPMENT OFICER 44.00 4.00 X 312075 0 29172 APRIL HANSARD CHIEF FINANCIAL OFFICER 44.00 4.00 X 217032 0 31986 RYAN LUGALIA-HOLLON CHIEF IMPACT OFFICER 44.00 4.00 X 53568 0 3214 JANE PACCIONE MANAGING DIRECTOR OF COLLECTIVE IMPACT 40.00 1.00 X 131564 0 7945 JENNIFER COOK DIRECTOR OF STRATEGY AND IMPACT 40.00 1.00 X 167129 0 27718 LORI MADLA EXECUTIVE ASSISTANT (UNTIL 8/14/24) 40.00 1.00 X 319417 0 9979 ELISE PARMA ACCOUNTING MANAGER 38.00 6.00 X 121820 0 14432 HERNAN ROZEMBERG EXECUTIVE DIRECTOR OF MARKETING AND COMMUNICATIONS 40.00 1.00 X 117683 0 19403 2032764 0 206841 16 0 1 0 NEPC LLC 255 STATE ST BOSTON MA 02109 INVESTMENT MANAGEMENT 360728 RSM US LLP 19026 RIDGEWOOD PKWY STE 400 SAN ANTONIO TX 78259 PROFESSIONAL SERVICES 324107 CREWCIAL PARTNERS LLC 810 SEVENTH AVE 32ND FL NEW YORK NY 10019 INVESTMENT MANAGEMENT 213594 KITTLEMAN AND ASSOCIATES LLC 200 S WACKER DR 31ST FL CHICAGO IL 60606 PROFESSIONAL SERVICES 106667 4 2533653 11345660 675803 30326757 3117064 44881873 ADMIN FEE REVENUE 900099 1977128 1977128 PROGRAM REVENUE 900099 156415 156415 2133543 18318420 18318420 1746012 1746012 211200 0 211200 211200 211200 240187525 199915085 746 40272440 -746 40271694 40271694 602704 2533653 162346 440358 440358 OTHER INCOME 900099 26736 26736 26736 108029836 2160279 0 60987684 36083150 36083150 8031416 8031416 209244 209244 1302515 240234 909696 152585 3806055 1356738 2200157 249160 224335 82461 126994 14880 184048 70573 105471 8004 368870 124867 218407 25596 162954 17661 145293 269450 6645 262805 1344456 1344456 1100440 575674 524766 110212 4409 105803 231168 55358 126328 49482 575558 393787 163370 18401 27450 27450 954999 369732 529607 55660 112705 18360 94345 252706 193742 58964 91563 10494 79489 1580 96815 391 96424 EVENT EXPENSES 644578 475699 168879 DUES & SUBSCRIPTIONS 83724 29332 54392 REPAIRS AND MAINTENANCE 76222 29449 42983 3790 MEALS & ENTERTAINMENT 71238 18146 42529 10563 39604 14135 25469 56455475 48439147 7426627 589701 5587180 6601868 53052086 55385534 8046817 5614178 559180 599208 441842 315220 807321 248157 623603 559164 329031300 358571752 192341889 208997794 4541111 4040315 594225008 640685033 1210875 1123717 945487 744355 38206 20621 20650198 15115150 139642 122697 4683344 4354255 27667752 21480795 X 226644764 244208419 339912492 374995819 566557256 619204238 594225008 640685033 X 51574361 -1531016 2603637 X X 0 1 X 1 0 X 59985164 58884959 51862762 48473321 44881873 264088079 59985164 58884959 51862762 48473321 44881873 264088079 76484714 187603365 8331791 9855250 14800036 16117002 20275632 69379711 1517011 431383 9974 0 0 1958368 12840 290 89392 164230 26736 293488 335719646 0.55880 0.52770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 181 0 19593778 0 21120264 0 157935793 0 1 1 X X X 0 0 1 X 155939793 3177386 37631182 5607455 11168 4799256 186330482 134707543 3232666 26339887 4221640 32117 4086546 155939793 150646811 1579591 -10121125 2191727 74964 5131043 134707543 124130243 10544776 23008256 2206041 59651 4770772 150646811 114041874 24087 17399606 2468427 53863 4813036 124130241 0.00479 0.93531 0.05990 1 1 1 150000 150000 272090 41036 231054 241306 149078 92228 143925 58043 85882 559164 BENEFICIAL INTEREST IN PERPETUAL TRUST 185345769 F MINERAL INTERESTS 16651961 F PARTNERSHIP INVESTMENTS 6259394 F REAL ESTATE 740670 F 208997794 OPERATING LEASE LIABILITIES 4354255 4354255 X PART III, LINE 4: THE FOUNDATION SERVES AS TRUSTEE OF A TRUST WHICH OWNS A BUILDING THAT HOUSES AN ART SCHOOL AND ARTWORK COLLECTION. THIS COLLECTION IS PRESERVED, UNENCUMBERED, AND CANNOT BE DISPOSED OF FOR FINANCIAL GAIN. THE FOUNDATION RECORDS ADDITIONS AND DELETIONS OF THE COLLECTION IN THE STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS. AS SUCH, THE COLLECTION IS RECORDED AT A NOMINAL VALUE OF $1 IN THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION. PART IV, LINE 2B: IN ACCORDANCE WITH ACCOUNTING STANDARDS, IF A NOT-FOR-PROFIT ORGANIZATION ESTABLISHES A FUND AT A COMMUNITY FOUNDATION WITH ITS OWN FUNDS AND SPECIFIES ITSELF AS THE BENEFICIARY OF THAT FUND, THE COMMUNITY FOUNDATION MUST ACCOUNT FOR THE TRANSFER OF SUCH ASSETS AS A LIABILITY. THE FOUNDATION REFERS TO SUCH FUNDS AS AGENCY FUNDS. THE FOUNDATION MAINTAINS LEGAL OWNERSHIP OF AGENCY FUNDS AND, AS SUCH, CONTINUES TO REPORT THE FUNDS AS ASSETS OF THE FOUNDATION. HOWEVER, IN ACCORDANCE WITH THIS STANDARD, A LIABILITY HAS BEEN ESTABLISHED FOR THE FAIR MARKET VALUE OF THE FUNDS. PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS ARE INTENDED TO BE USED FOR GRANT MAKING PURPOSES IN PERPETUITY. PART X, LINE 2: ASC TOPIC 740 PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE FINANCIAL STATEMENTS. THIS REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE FOUNDATION'S TAX RETURN TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED WHEN CHALLENGED OR WHEN EXAMINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE LIKELY THAN NOT THRESHOLD WOULD BE RECORDED AS A TAX ASSET OR LIABILITY IN THE CURRENT YEAR. MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION N/A 200744 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION N/A 8500 0 0 0 0 0 0 209244 0 209244 NORTH AMERICA GENERAL SUPPORT 8500 WIRE TRANSFER 0 N/A N/A EUROPE (INCLUDING ICELAND & GREENLAND) GENERAL SUPPORT 45360 WIRE TRANSFER 0 N/A N/A EUROPE (INCLUDING ICELAND & GREENLAND) GENERAL SUPPORT 30424 WIRE TRANSFER 0 N/A N/A EUROPE (INCLUDING ICELAND & GREENLAND) GENERAL SUPPORT 37800 WIRE TRANSFER 0 N/A N/A EUROPE (INCLUDING ICELAND & GREENLAND) GENERAL SUPPORT 68040 WIRE TRANSFER 0 N/A N/A 5 0 SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 6 19120 WIRE TRANSFER N/A N/A 0 0 0 0 0 0 PART I, LINE 2: THE FOUNDATION VERIFIES THE GRANTEE'S ELIGIBILITY FOR THE GRANTS/ASSISTANCE, INCLUDING 501(C)(3) STATUS OR ITS EQUIVALENT. 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501(C)(3) 8000 0 N/A N/A GENERAL SUPPORT MUSICA SACRA SAN ANTONIO 8907 WICKFIELD SAN ANTONIO TX 78217 453851875 501(C)(3) 8000 0 N/A N/A GENERAL SUPPORT TEXAS CAVALIERS CHARITABLE FOUNDATION 909 NE LOOP 410 STE 903 SAN ANTONIO TX 78209 742546003 501(C)(3) 8000 0 N/A N/A GENERAL SUPPORT TRI CITY ANIMAL SANCTUARY PO BOX 194 SOMERSET TX 78069 421589520 501(C)(3) 8000 0 N/A N/A GENERAL SUPPORT TRL PRODUCTIONS 250 SOUTHILL RD SAN ANTONIO TX 78201 811376877 501(C)(3) 8000 0 N/A N/A GENERAL SUPPORT SUMMIT COUNTY FAMILY RESOURCE CENTER(FAMILY AND INTERCULTURAL RESOURCE CTR) PO BOX 1636 SILVERTHORNE CO 80498 841252900 501(C)(3) 8000 0 N/A N/A GENERAL SUPPORT SAVE THE CHILDREN FEDERATION INC 501 KINGS HWY E STE 400 FAIRFIELD CT 06825 060726487 501(C)(3) 8000 0 N/A N/A GENERAL SUPPORT LOS COMPRADRES DE SAN ANTONIO MISSIONS NATIONAL HISTORICAL PARK (MISSION HE PO BOX 14704 SAN ANTONIO TX 78204 742308287 501(C)(3) 7750 0 N/A N/A GENERAL SUPPORT TAKES SO LITTLE 427 EVANS AVE SAN ANTONIO TX 78209 831659654 501(C)(3) 7500 0 N/A N/A GENERAL SUPPORT ZACHARY SCOTT THEATRE CENTER 202 S LAMAR AUSTIN TX 78704 741369410 501(C)(3) 7500 0 N/A N/A GENERAL SUPPORT SAN ANTONIO CITY WIDE NSBE JR CHAPTER 9934 AUTUMN DAWN CONVERSE TX 78109 260799649 501(C)(3) 7500 0 N/A N/A GENERAL SUPPORT EAGLES FLIGHT ADVOCACY & OUTREACH 26520 FIRE DANCE SAN ANTONIO TX 78006 471777957 501(C)(3) 7500 0 N/A N/A GENERAL SUPPORT AMERICAN ARTISTS PROJECT 10708 NATICK LANE AUSTIN TX 78739 842629187 501(C)(3) 7500 0 N/A N/A GENERAL SUPPORT J STREET EDUCATION FUND INC PO BOX 66073 WASHINGTON DC 20035 202777557 501(C)(3) 7500 0 N/A N/A GENERAL SUPPORT COLLABORATIVE RESEARCH FOUNDATION 1790 HOLLY STAR DR TYLER TX 75703 922232673 501(C)(3) 7450 0 N/A N/A GENERAL SUPPORT TEXAS BIOMEDICAL FORUM PO BOX 6648 SAN ANTONIO TX 78209 237080207 501(C)(3) 7300 0 N/A N/A GENERAL SUPPORT INCARNATION MINISTRIES CORP 600 N BROAD ST UNIT 5 3181 MIDDLETOWN DE 19709 880954345 501(C)(3) 7200 0 N/A N/A GENERAL SUPPORT ST PAUL'S EPISCOPAL CHURCH 1018 E GRAYSON ST SAN ANTONIO TX 78208 741207558 501(C)(3) 7018 0 N/A N/A GENERAL SUPPORT CHARITY BALL ASSOCIATION OF SAN ANTONIO PO BOX 2357 SAN ANTONIO TX 782982357 741488436 501(C)(3) 7000 0 N/A N/A GENERAL SUPPORT ST MARKS EPISCOPAL CHURCH ENDOWMENT FUND PO BOX 2950 SAN ANTONIO TX 782992950 746031980 501(C)(3) 7000 0 N/A N/A GENERAL SUPPORT CAPITAL OF TEXAS PUBLIC TELECOMMUNICATIONS COUNCIL (AUSTIN PBS KLRU-TV) PO BOX 7158 AUSTIN TX 787137158 757126012 501(C)(3) 7000 0 N/A N/A GENERAL SUPPORT FISHER HOUSE FOUNDATION INC 12300 TWINBROOK PKWY STE 410 ROCKVILLE MD 20852 113158401 501(C)(3) 6762 0 N/A N/A GENERAL SUPPORT MID-TEXAS SYMPHONY SOCIETY INC 1000 W COURT ST 3216 SEGUIN TX 78155 742003063 501(C)(3) 6634 0 N/A N/A GENERAL SUPPORT SAN FERNANDO CATHEDRAL 115 MAIN PLAZA SAN ANTONIO TX 78205 741400826 501(C)(3) 6148 0 N/A N/A GENERAL SUPPORT FRIENDS OF CIBOLO WILDERNESS (CIBOLO CENTER FOR CONSERVATION) 140 CITY PARK RD BOERNE TX 78006 742564700 501(C)(3) 6145 0 N/A N/A GENERAL SUPPORT GOLDEN MANOR 13409 NW MILITARY HWY STE 210 SAN ANTONIO TX 78231 746061449 501(C)(3) 6122 0 N/A N/A GENERAL SUPPORT FRIENDS OF HOSPICE SAN ANTONIO INC PO BOX 40487 SAN ANTONIO TX 782290487 742608764 501(C)(3) 6000 0 N/A N/A GENERAL SUPPORT ALAMEDA COUNTY COMMUNITY FOOD BANK INC PO BOX 2599 OAKLAND CA 94614 942960297 501(C)(3) 6000 0 N/A N/A GENERAL SUPPORT AMERICAN JEWISH JOINT DISTRIBUTION COMMITTEE INC PO BOX 4124 NEW YORK NY 10163 131656634 501(C)(3) 6000 0 N/A N/A GENERAL SUPPORT FRIENDS OF CHRISTUS SANTA ROSA FOUNDATION 100 NE LOOP 410 STE 706 SAN ANTONIO TX 782164738 742723391 501(C)(3) 6000 0 N/A N/A GENERAL SUPPORT RAUL JIMENEZ ANNUAL THANKSGIVING FUND 8700 CROWNHILL BLVD STE 802 SAN ANTONIO TX 78209 742231894 501(C)(3) 6000 0 N/A N/A GENERAL SUPPORT OLMOS ENSEMBLE PO BOX 701864 SAN ANTONIO TX 782701864 742711997 501(C)(3) 6000 0 N/A N/A GENERAL SUPPORT JLF TEXAS (OLAMI) 2025 GUADALUPE STREET 250 AUSTIN TX 78705 833040034 501(C)(3) 6000 0 N/A N/A GENERAL SUPPORT EPISCOPAL DIOCESE OF WEST TEXAS PO BOX 6885 SAN ANTONIO TX 78209 741143118 501(C)(3) 5984 0 N/A N/A GENERAL SUPPORT ENTERTAINMENT INDUSTRY FOUNDATION 10880 WILSHIRE BLVD STE 1400 LOS ANGELES CA 90024 951644609 501(C)(3) 5500 0 N/A N/A GENERAL SUPPORT STANFORD UNIVERSITY PO BOX 20466 STANFORD CA 94309 941156365 501(C)(3) 5500 0 N/A N/A GENERAL SUPPORT TEXAS DIAPER BANK 1803 GRANDSTAND DR SAN ANTONIO TX 78238 742886380 501(C)(3) 5275 0 N/A N/A GENERAL SUPPORT MEDECINS SANS FRONTIERS USA INC (DOCTORS WITHOUT BORDERS USA) 40 RECTOR ST FL 16 NEW YORK NY 10006 133433452 501(C)(3) 5250 0 N/A N/A GENERAL SUPPORT YOUNG LIFE - SAN ANTONIO CENTRAL 452 1150 N LOOP 1604 W STE 108-615 SAN ANTONIO TX 78248 840385934 501(C)(3) 5250 0 N/A N/A GENERAL SUPPORT BCFS HEALTH AND HUMAN SERVICES 1506 BEXAR CROSSING SAN ANTONIO TX 78232 741260710 501(C)(3) 5081 0 N/A N/A GENERAL SUPPORT 373 6 SCHOLARSHIP GRANTS 1766 6855683 HARDSHIP GRANTS 2296 1175733 PART I, LINE 2: THE FOUNDATION FIRST VERIFIES THE GRANTEE'S ELIGIBILITY FOR THE GRANTS/ASSISTANCE, INCLUDING 501(C)(3) STATUS OR ITS EQUIVALENT. IN ADDITION, ALL RECIPIENTS THAT RECEIVE A COMPETITIVE GRANT IN EXCESS OF $15,000 ARE REQUIRED TO COMPLETE AN EVALUATION EVERY SIX MONTHS UNTIL THE GRANT FUNDS ARE EXPENDED IN FULL. THE EVALUATIONS ARE REVIEWED BY FOUNDATION STAFF. THE FOUNDATION STAFF ANNUALLY MONITORS COMPLIANCE WITH SCHOLARSHIP GRANT AGREEMENTS. X X X 1 0 0 0 0 0 0 0 0 NADEGE SOUVENIR CHIEF EXECUTIVE OFFICER 338055 0 0 0 0 0 18721 0 8119 0 364895 0 0 0 LISA BRUNSVOLD CHIEF DEVELOPMENT OFICER 312075 0 0 0 0 0 19038 0 10134 0 341247 0 0 0 LORI MADLA EXECUTIVE ASSISTANT (UNTIL 8/14/24) 64417 0 0 0 255000 0 4025 0 5954 0 329396 0 0 0 ARENDA BURNS CHIEF OPERATING OFFICER 254421 0 0 0 0 0 15901 0 20251 0 290573 0 0 0 APRIL HANSARD CHIEF FINANCIAL OFFICER 217032 0 0 0 0 0 13549 0 18437 0 249018 0 0 0 JENNIFER COOK DIRECTOR OF STRATEGY AND IMPACT 167129 0 0 0 0 0 10482 0 17236 0 194847 0 0 0 PART I, LINE 4A LORI MADLA RECEIVED A PAYMENT OF $255,000 PURSUANT TO LINE 4A. X 12 3117064 STOCK MARKET QUOTES 0 0 1 1 PART I, COLUMN (B): REPORTING THE NUMBER OF CONTRIBUTIONS. PART I, LINE 32B: NONCASH CONTRIBUTIONS ARE SOLD BY A THIRD PARTY. FORM 990, PART III, LINE 2 THE SAN ANTONIO AREA FOUNDATION PARTICIPATES IN THE FUTURE READY BEXAR COUNTY PLAN, A MULTI-YEAR EDUCATIONAL EFFORT MEANT TO BOOST THE VOLUME OF HIGH SCHOOL GRADUATES GOING TO COLLEGE AND POST-SECONDARY CREDENTIAL, MILITARY, OR VOCATIONAL SCHOOLS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPOSED OF THE OFFICERS OF THE FOUNDATION: THE BOARD CHAIR, THE IMMEDIATE PAST CHAIR, THE VICE CHAIR, THE PRESIDENT, THE TREASURER, AND THE SECRETARY. IN ADDITION, THE CHAIR MAY APPOINT ADDITIONAL DIRECTORS TO THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL EXERCISE THE POWERS OF THE BOARD OF DIRECTORS IN THE INTERVAL BETWEEN MEETINGS OF THE BOARD, PROVIDED, HOWEVER, THAT IT SHALL HAVE NO POWER TO REVOKE ANY PRIOR POLICY OF THE FOUNDATION WHICH HAS BEEN ESTABLISHED BY THE BOARD, AND ITS POWERS MAY BE FURTHER LIMITED BY THE BOARD OF DIRECTORS AT ANY TIME. FORM 990, PART VI, SECTION B, LINE 11B A DETAILED REVIEW OF THE FORM 990 WAS PERFORMED BY THE SAN ANTONIO AREA FOUNDATION'S AUDIT/FINANCE COMMITTEE. ALL COMMITTEE MEMBERS RECEIVED A COPY OF THE FORM 990. ONCE ACCEPTED BY THE AUDIT/FINANCE COMMITTEE, A COPY OF THE FORM 990 WAS PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE SAN ANTONIO AREA FOUNDATION HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT REQUIRES ALL MEMBERS OF THE BOARD OF DIRECTORS TO ANNUALLY DISCLOSE POTENTIAL CONFLICTS OF THEMSELVES AND THEIR FAMILY MEMBERS ON A QUESTIONNAIRE. THE QUESTIONNAIRES ARE REVIEWED FOR CONFLICTS. ANY QUESTIONNAIRES THAT DISCLOSE POTENTIAL CONFLICTS ARE BROUGHT BEFORE THE BOARD OF DIRECTORS FOR REVIEW. NO MEMBER WITH A FINANCIAL CONFLICT SHALL EVALUATE OR VOTE ON ANY MATTER IN WHICH HE OR SHE HAS A FINANCIAL CONFLICT OF INTEREST AND SHALL NOT USE HIS OR HER PERSONAL INFLUENCE WITH OTHER RESPONSIBLE MEMBERS TO APPROVE OR DISAPPROVE ANY ACTION BY THE FOUNDATION RELATED TO THE MATTER. MEMBERS WHO HAVE AN EMOTIONAL CONFLICT OF INTEREST OR AN APPARENT CONFLICT OF INTEREST MAY CONTINUE TO PARTICIPATE IN THE DISCUSSION AND MAY VOTE ON THE MATTER IF NO FINANCIAL CONFLICT OF INTEREST EXISTS PROVIDED THAT THE MEMBER FIRST DISCLOSES HIS OR HER EMOTIONAL OR APPARENT CONFLICT OF INTERESTS. FORM 990, PART VI, SECTION B, LINE 15A THE SAN ANTONIO AREA FOUNDATION USES THE CEO EVALUATION FORM RECEIVED FROM THE COUNCIL ON FOUNDATIONS. THE FOUNDATION PROVIDES THE EVALUATION DOCUMENT ALONG WITH THE ACCOMPLISHMENT REPORT TO EACH MEMBER OF THE BOARD OF DIRECTORS FOR COMPLETION. EACH MEMBER OF THE BOARD OF DIRECTORS ARE VERIFIED TO NOT HAVE A CONFLICT OF INTEREST REGARDING THEIR EVALUATION OR DECISION ON COMPENSATION. ALL REPLIES ARE SENT DIRECTLY TO A SINGLE MEMBER OF THE GOVERNANCE COMMITTEE TO COMPILE IN A REPORT FOR THE COMMITTEE CHAIR TO REVIEW. THE GOVERNANCE COMMITTEE CHAIR MEETS WITH THE BOARD CHAIR TO REVIEW THE COMPILATION. THE COMPILATION IS THEN PRESENTED TO THE REMAINING MEMBERS OF THE BOARD OF DIRECTORS IN AN EXECUTIVE SESSION. THE BOARD CHAIR MEETS WITH THE CEO TO ADDRESS ANY ISSUES. THE EVALUATION DOCUMENTS ARE STORED WITH HUMAN RESOURCES AND THE DELIBERATION OF EXECUTIVE SESSION CAN BE FOUND IN THE MINUTES OF THE SESSION. THE SAN ANTONIO AREA FOUNDATION UTILIZED AN OUTSIDE AGENCY TO DETERMINE THE CEO MARKET COMPENSATION DURING THE HIRING PROCESS OF A NEW CEO IN 2024. IN REGARD TO OTHER OFFICERS AND KEY EMPLOYEES, THE CEO PREPARES A HUMAN RESOURCES ANALYSIS THAT INCLUDES A COUNCIL ON FOUNDATIONS COMPENSATION SUMMARY WITH THE MOST RECENTLY AVAILABLE BASE SALARIES. THE CEO USES THIS INFORMATION TO MAKE SALARY RECOMMENDATIONS FOR ALL STAFF. THIS INFORMATON WAS LAST USED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. THE AUDITED FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE ON THE FOUNDATION'S WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST 2,381,116. CHANGE IN VALUE OF GIFT ANNUITIES 222,521. FORM 990, PART XII, LINE 2C: THE FINANCIAL STATEMENTS WERE AUDITED ON A CONSOLIDATED BASIS. THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. 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