2018-11-13T12:32:12-06:00 2017-12-31 203992693 RANDY WALKER & CO 7800 IH 10 WEST STE 505 SAN ANTONIO TX 78230 990 2017-01-01 412046295 THE CITIZENS FOUNDATION USA CITI 8887293022 2425 TOUHY AVENUE ELK GROVE VILLAGE IL 60007 ARIF GAFUR PRESIDENT 8887293022 2018-11-13 1 RANDY L WALKER CPA P00963779 2103669430 23.116.216.57 2018-11-13 09:23:41 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6565F551AD94B86FE1FFF6B2A41D26030FB74064 2017 2019-02-21 02:37:17Z ARIF GAFUR 2425 TOUHY AVENUE ELK GROVE VILLAGE IL 60007 9032668 0 X WWW.TCFUSA.ORG X 2002 IL TCF, USA PROVIDES QUALITY EDUCATION FOR UNDER PRIVILEGED CHILDREN IN PAKISTAN. THE GOAL IS TO BUILD CIVIL SOCIETY AND PROMOTE EQUALITY. 13 13 11 175 0 0 8577707 8395717 0 0 12824 75783 0 0 8590531 8471500 8304719 8494428 0 0 269095 285306 0 0 377173 431333 373680 9005147 9153414 -414616 -681914 3724719 3078685 12397 44019 3712322 3034666 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. 0 0 1887355 1824001 CAMPUS CONSTRUCTION:IN 2017, TCF-USA ACHIEVED A MAJOR MILESTONE BY BUILDING 23 NEW PRIMARY AND SECONDARY SCHOOL UNITS AND TRANSFORMING THE LIVES OF UP TO 4,000 CHILDREN. THIS HELPED TO 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. SINCE INCEPTION IN 2002, TCF-USA HAS BUILT A TOTAL OF 230 SCHOOLS UNITS. THESE SCHOOLS ARE LOCATED IN ALL FOUR PROVINCES OF PAKISTAN. OUR SCHOOLS ARE BUILT IN THE HEART OF URBAN SLUMS AND REMOTE VILLAGES TAKING EDUCATION TO THE VERY DOORSTEP OF THE VULNERABLE CHILDREN WE SERVE. A COMPLETE LIST OF TCF-USA BUILT SCHOOLS IS AVAILABLE ON OUR WEBSITE WWW.TCFUSA.ORG. TCF-USA ENCOURAGES SUPPORTERS TO VISIT A SCHOOL TO OBSERVE CHILDREN AT WORK, BENEFITTING FROM THE GENEROUS GIFT OF EDUCATION FROM DONORS. OUR SCHOOLS OFFER A SAFE AND SECURE ENVIRONMENT TO CHILDREN AS THEY COME FROM UNDERSERVED COMMUNITIES. WITH THE QUALITY EDUCATION PROVIDED TO THEM BY TRAINED TEACHERS IN PURPOSE-BUILT SCHOOLS, BRIGHT CLASSROOMS WITH A LIBRARY, AND COMPUTER AND SCIENCE LABS, THEY ARE ENSURED EQUAL OPPORTUNITIES IN LIFE. TCF'S ALL-FEMALE FACULTY OF 12,000 TEACHERS IS AN INCENTIVE TO FAMILIES TO ENROLL GIRLS IN OUR SCHOOLS. CURRENTLY, WE HAVE A 50% GIRLS' ENROLLMENT IN TCF SCHOOLS. AN ALL WOMEN WORKFORCE EMPOWERS WOMEN IN THE COMMUNITY AND THE TEACHERS SERVE AS ROLE MODELS, MOTIVATING, TRAINING AND COUNSELLING THEM THROUGH VOCATIONAL TRAINING PROGRAMS. 5490486 5470829 ANNUAL OPERATING EXPENSES OF SCHOOLS: IN 2017, TCF-USA RAISED FUNDS FOR THE OPERATIONS OF 165 TCF-USA BUILT SCHOOLS PLUS AN ADDITIONAL 183 GOVERNMENT ADOPTED SCHOOLS, UNDER AN ONGOING TCF INITIATIVE. GENEROUS CONTRIBUTIONS FROM 4,000+ TCF-USA DONORS MADE IT POSSIBLE FOR OVER 45,000 CHILDREN TO ATTEND SCHOOL, HELP PROVIDE FREE UNIFORMS AND HIGH-QUALITY TEXTBOOKS TO THEM. OPERATIONAL EXPENSES OF RUNNING THE SCHOOL EFFICIENTLY WITH A PRINCIPAL, TRAINED TEACHERS, AND ADMIN STAFF IS COVERED BY THE SUPPORT, INCLUDING THE PICK AND DROP OF ALL FEMALE TEACHERS TO TCF SCHOOLS LOCATED, MAINLY, IN DIFFICULT TO ACCESS AREAS OF THE CITIES OR VILLAGES. SUPPORT ALSO INCLUDES IMPORTANT INCENTIVES PROVIDED TO STUDENTS IN THE FORM OF SCHOLARSHIPS. IN 2017, A TOTAL OF 24 STUDENTS WERE PROVIDED SCHOLARSHIPS FROM TCF-USA. THESE SCHOLARSHIPS INCENTIVIZE STUDENTS AND, BOOSTS SELF-CONFIDENCE AND OPEN DOORS TO HIGHER EDUCATION. THE DESERVING STUDENTS BECOME ROLE MODELS NOT ONLY WITHIN THEIR OWN FAMILIES AND SCHOOLS, BUT WITHIN THE LARGER COMMUNITY. IN ADDITION, TCF-USA PROVIDED VOCATIONAL TRAINING SUPPORT TO 2 SCHOOLS IN 2017. THIS SUPPORT ENSURES THAT WOMEN IN THE COMMUNITY LEARN SKILLS SUCH AS SEWING, BASIC MATH AND READING WHICH ENABLES THEM TO FOCUS ON NEW GOALS OF INCOME GENERATION AND MICROENTERPRISE, ALLEVIATING POVERTY AND ENHANCING SELF-ESTEEM. 1201044 1199598 TCF-USA SUPPORTS THE EFFORTS OF TCF-PAKISTAN BY CONTRIBUTING TOWARDS THE ENDOWMENT OF TCF-USA BUILT SCHOOLS. IN 2017, WE WERE SUCCESSFUL IN ENDOWING FULLY 5 TCF SCHOOLS AND INITIATED THE PROCESS OF PARTIALLY ENDOWING 5 ADDITIONAL TCF SCHOOLS. THIS ENSURES LONG-TERM SUSTAINABILITY FOR TCF SCHOOLS AND HELPS US TO CONTINUE, YEAR AFTER YEAR, TO PROVIDE QUALITY EDUCATION TO THE UNDERPRIVILEGED CHILDREN. A HIGH-PERFORMING SCHOOL KEEPS CHILDREN MOTIVATED AND LEADS TO HIGHER NUMBERS OF STUDENTS GRADUATING. SINCE TCF'S INCEPTION 24 YEARS AGO, WE HAVE BEEN WITNESS TO LIFE-CHANGING SUCCESS STORIES OF OUR GRADUATES, PURSUING HIGHER EDUCATIONAL AND PROFESSIONAL CAREERS AT EMINENT UNIVERSITIES AND COMPANIES. TCF HAS BUILT AND OPERATED 1,482 SCHOOL UNITS AND CONTINUES TO BE ONE OF THE FOREMOST CHARITIES IN SOUTH ASIA. IT HAS WON RECOGNITION AND LEADING AWARDS FOR ITS IMPORTANT WORK IN THE FIELD OF EDUCATION. LAST YEAR, TCF RECEIVED THE 2017 UNESCO LITERACY AWARD FOR ITS "AAGAHI" ADULT EDUCATION PROGRAM FOR WOMEN. IN 2016, MICHELLE OBAMA'S OFFICE REACHED OUT TO TCF ON BEHALF OF THE "LET GIRLS' LEARN INITIATIVE & USAID". TCF HAS BEEN RECOGNIZED BY THE CLINTON GLOBAL INITIATIVE, PARTICIPATED AT THE WORLD ECONOMIC FORUM, RECEIVED THE SOCIAL ENTREPRENEUR AWARDS FROM THE SKOLL FOUNDATION AND THE SCHWAB FOUNDATION AND THE RAMON MAGSAYSAY AWARD, ASIA'S EQUIVALENT TO THE NOBEL PRIZE. 8578885 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 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 18 0 1 11 1 0 0 0 0 0 0 0 0 0 0 X 13 13 1 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 IL NJ X X X RAYOMAND GHADIALI 8887293022 11222 RICHMOND AVENUE SUITE 100 HOUSTON TX 77082 JAWAID EKRAM DIRECTOR 2.00 X 0 0 0 ALIA FAIZ DIRECTOR 1.00 X 0 0 0 ABDULLAH JAFARI DIRECTOR 40.00 X 0 0 0 AZHER KHAN DIRECTOR 1.00 X 0 0 0 TARIQ KHAN DIRECTOR [RESIGNED 12/2017] 1.00 X 0 0 0 HAJI MODY DIRECTOR 2.00 X 0 0 0 SHIMMI KIDWAI DIRECTOR 1.00 X 0 0 0 AZHAR HAMEED DIRECTOR 1.00 X 0 0 0 BARBARA JANES DIRECTOR 1.00 X 0 0 0 EJAZ A SHAMEEM DIRECTOR 1.00 X 0 0 0 ZARRAR SEHGAL PRESIDENT 1.00 X X 0 0 0 FARAZ KHAN TREASURER 2.00 X X 0 0 0 AMJAD NOORANI DIRECTOR/SECRETARY 1.00 X X 0 0 0 ARIF GAFUR DIRECTOR & CEO 40.00 X X 0 0 0 DANIAL NOORANI DIRECTOR DEVELOPMENT 40.00 X 75538 0 0 UNEZA AKHTAR DIRECTOR ADMINISTRATION 40.00 X 58423 0 0 RAYOMAND GHADIALI CFO [12/8/2017 - PRESENT] 40.00 X 1384 0 0 135345 0 0 0 0 0 0 0 2562204 5833513 108459 8395717 75783 75783 561168 2562204 561168 0 8471500 0 0 75783 14400 14400 1380 1380 8478648 8478648 135345 39250 18948 77147 127547 36288 16568 74691 22414 6265 3121 13028 55546 55046 500 48506 1053 47453 21478 12375 9103 18631 3716 14915 5113 5113 24046 2654 15991 5401 1799 1799 1267 1267 5438 5438 CONTRIBUTIONS PROC. FEE 68140 68140 PRINTING, POSTAGE AND D 56091 21247 34844 UNCOLLECTABLE EXPENSE 35674 35674 MARKETING - GALA 31951 31951 9153414 8578885 197356 377173 2237133 2414026 440374 115936 1638 0 20420 18281 3407 2139 897917 395127 144250 151457 3724719 3078685 12397 44019 12397 44019 X 2949470 1719694 687852 1239972 75000 75000 3712322 3034666 3724719 3078685 -681914 4258 0 X X 0 1 X 1 0 X 5406195 7271228 6688670 8577707 8395717 36339517 5406195 7271228 6688670 8577707 8395717 36339517 36339517 14541 17989 9054 12824 75783 130191 2318 17185 19503 36489211 0.99590 0.99710 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2013 AMOUNT: $ 0. 2014 AMOUNT: $ 2,318. 2015 AMOUNT: $ 17,185. 2016 AMOUNT: $ 0. 2017 AMOUNT: $ 0. 1042167 80042 500000 72000 3625 546584 1012254 33747 3834 1042167 1088370 12413 10844 99373 1012254 1050846 8207 29317 1088370 1114584 96666 160404 1050846 0.86280 0.13720 0.00000 1 0 17926 16076 1850 2494 2205 289 2139 X 8511638 4258 45880 -10000 40138 8471500 0 8471500 9189294 35880 35880 9153414 0 9153414 PART V, LINE 4: 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: DONATED USE OF FACILITY INCLUDED IN DIRECT BENEFIT TO DONOR -10,000. 0 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 1 2 PROGRAM SERVICES BUILDING & OPERATING; SCHOOLS (KG-10); CONSTRUCTION, OPERATION, ENDOWMENTS 8478648 1 2 0 0 1 2 8478648 0 8478648 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, SCHOOL OPERATION 5268267 WIRE TRANSFER SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, SCHOOL CONSTRUCTION 1824001 WIRE TRANSFER SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, SCHOOL ENDOWMENT 699598 WIRE TRANSFER SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, SCHOOL ENDOWMENT 500000 WIRE TRANSFER SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, SCHOLARSHIPS 178719 WIRE TRANSFER SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, VOCATIONAL TRAINING 8063 WIRE TRANSFER 1 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. FORM 990, SCHEDULE F, PART I, LINE 3, COLUMN (A) REGION: SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, PAKISTAN, AND SRI LANKA. SCHEDULE F, PART II, LINE 1 SCHOOL ENDOWMENT - $500,000 THE CITIZENS FOUNDATION, USA BOARD APPROVED A WIRE TRANSFER OF FUNDS IN 2013 FOR THE INVESTMENT IN PAKISTANI RUPEE PKR. THE EARNINGS FROM THE INVESTMENT TO BE UTILIZED TOWARDS THE OPERATIONAL SUPPORT AND MAINTENANCE OF THE SCHOOLS BUILT IN THE AZAD JAMMU & KASHMIR AREA IMPACTED BY THE 2005 EARTHQUAKE IN PAKISTAN; THE FUNDS TO BE HELD, INVESTED AND MANAGED BY TCF PAKISTAN AND EARNINGS THEREFROM TO BE UTILIZED TOWARDS THE PURPOSE MENTIONED ABOVE. THE GRANTS TO ENDOWMENT FUNDS FOR SUPPORTING OPERATIONAL COST OF SCHOOLS IS PART OF THE PROGRAM SUPPORTED BY TCF-USA; THE INVESTMENT OF USD 500,000 WOULD BE UTILIZED AS GRANT TO TCF ENDOWMENT FUND SPECIFICALLY FOR THE PURPOSE OF SUPPORTING OPERATIONAL COST OF 2005 EARTHQUAKE AREA SCHOOLS; THE BOARD APPROVED THE GRANT OF USD 500,000 TO THE CITIZENS FOUNDATION (GRANTEE) SPECIFICALLY FOR UTILIZATION TOWARDS ENDOWMENT FUND FOR THE OPERATIONAL SUPPORT AND MAINTENANCE OF THE SCHOOLS THAT WERE BUILT IN THE AREA IMPACTED BY THE 2005 EARTHQUAKE. ADDITIONALLY, THE EARNINGS FROM INVESTMENT FROM THE ENDOWMENT FUND WOULD BE UTILIZED FOR SUPPORTING OPERATIONS AND MAINTENANCE OF SCHOOLS BUILT IN THE AREA IMPACTED BY THE 2005 EARTHQUAKE, WITH THE PRINCIPAL TO REMAIN INVESTED; AND, ON AN ANNUAL BASIS, GRANTEE TO PROVIDE A REPORT AS TO INVESTMENT RETURN FROM THE ENDOWMENT FUND AND UTILIZATION OF EARNINGS TOWARDS THE APPROVED PROGRAM. SPECIAL EVENTS 3123372 2562204 561168 561168 3123372 2562204 561168 561168 561168 0 0 GREATER HOUSTON COMMUNITY FOUNDATION 515 POST OAK BLVD SUITE 1000 HOUSTON TX 77027 237160400 501(C)(3) 14400 HURRICAN HARVEY RELIEF FUND 1 AHMED H AKHTAR FAMILY MEMBER OF UNEZA AKHTAR, DIRECTOR ADMINISTRATION 34654 WAGES 0 X 2176 FAIR MARKET VALUE X 9 106284 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 VI, SECTION A, LINE 2 DANIAL NOORANI, DIRECTOR DEVELOPMENT AND AMJAD NOORANI, DIRECTOR/SECRETARY HAVE A FAMILY RELATIONSHIP. 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 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. SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION THE CITIZENS FOUNDATION, USA 2425 TOUHY AVENUE ELK GROVE VILLAGE, IL 60007 EMPLOYER IDENTIFICATION NUMBER: 41-2046295 FOR THE YEAR ENDING DECEMBER 31, 2017 THE CITIZENS FOUNDATION, USA IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263 A)-1(F).