2017-01-20T12:05:34-06:00 2016-09-30 ERNST & YOUNG US LLP TWO NORTH CENTRAL AVENUE STE 2300 PHOENIX AZ 85004 990 2015-10-01 942850977 Helios Education Foundation % MICHAEL CHESIN HELI 6023812260 2415 E CAMELBACK ROAD Suite 500 PHOENIX AZ 85016 MICHAEL S CHESIN SR. 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DURING FY16, THE FOUNDATION PROVIDED $17.4 MILLION IN GRANTS TO ITS SUPPORTED CLASS OF ARIZONA AND FLORIDA EDUCATIONAL ORGANIZATIONS. HELIOS EDUCATION FOUNDATION DESIGNATES ITS SUPPORTED CHARITIES BY CLASS OR PURPOSE AND SATISFIES THE TYPE I "RELATIONSHIP TEST" BY ENSURING THAT A MAJORITY OF ITS BOARD OF DIRECTORS ARE ELECTED OR APPOINTED BY REPRESENTATIVES OF THE CLASS OF CHARITIES IT SUPPORTS. HELIOS EDUCATION FOUNDATION OPERATES FOR THE BENEFIT ONLY OF ORGANIZATIONS WITHIN ITS DESIGNATED CLASS (EDUCATIONAL ORGANIZATIONS LOCATED IN ARIZONA AND FLORIDA), WHICH APPOINT A MAJORITY OF THE BOARD OF DIRECTORS OF HELIOS EDUCATION FOUNDATION. false true false false 0 true 100000 false 0 true 4884 false 0 false 0 104884 false SCHEDULE C, PART II-B, LINE 1E The Foundation supported Proposition 123 which settled a long standing school funding lawsuit and provided $3.5 billion of support for Arizona Public Schools over the next 10 years. SCHEDULE C, PART II-B, LINE 1G LINE 1G CONSISTS OF Consulting expense along with Foundation staff salary and travel costs associated with meeting with state legislators regarding funding of Florida Education Organizations. 2550424 5649366 8199790 1831958 1831958 870000 290722 213964 946758 972930 766958 205972 87515 76113 11402 11195880 HEDGE FUNDS - ALT. STRATEGIES 102106554 F 102106554 0 0 X 46026624 43984186 43984186 2042438 1488861 -13775 1475086 3517524 25643320 3281 3281 25640039 1488861 1488861 27128900 SCHEDULE D, PART X, LINE 2 THE FOUNDATION ADOPTED THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740-10), WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE FOUNDATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. THE FOUNDATION FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. GENERALLY, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR THE YEARS BEFORE 2012. SCHEDULE D, PART XI, LINE 4B RENTAL EXPENSES (OLYMPUS PROPERTIES II) $ (13,775) SCHEDULE D, PART XII, LINE 2D CANCELLED AND TERMINATED GRANTS FROM PRIOR YEARS $(10,494) RENTAL EXPENSES (OLYMPUS PROPERTIES II) $ 13,775 _________ TOTAL $ 3,281 Central America and the Caribbean Investments 102106554 102106554 102106554 true false true false false false true Arizona Academic Decathlon 6010 N 10th Way Phoenix AZ 85004 860508608 501(c)(3) 10000 EDUCATION/STRATEGIC Arizona Commission for Postsecondary Edu 2020 N Central Ave Phoenix AZ 85004 866004791 GOVERNMENT 26661 EDUCATION/STRATEGIC Arizona Community Foundation 2201 E Camelback Rd Phoenix AZ 85016 860348306 501(c)(3) 203367 EDUCATION/STRATEGIC Arizona Diamondbacks Foundation 401 E Jefferson St Phoenix AZ 85004 860901615 501(c)(3) 9000 EDUCATION/STRATEGIC Arizona Grantmakers Forum 2201 E Camelback Rd Phoenix AZ 85016 861040394 501(c)(3) 17190 EDUCATION/STRATEGIC Arizona School Boards Association 2100 N Central Ave Phoenix AZ 85004 860288067 501(c)(3) 13000 EDUCATION/STRATEGIC Arizona Science Center 600 E Washington St Phoenix AZ 85004 860390558 501(c)(3) 40000 EDUCATION/STRATEGIC ASU FDN for a New American University 300 East University Dr Tempe AZ 85281 866051042 501(c)(3) 169260 EDUCATION/STRATEGIC Be A Leader Foundation 1715 W N Ave Phoenix AZ 85021 550850279 501(c)(3) 381000 EDUCATION/STRATEGIC Center for the Future of Arizona 541 E Van Buren Phoenix AZ 85004 820538372 501(c)(3) 82500 EDUCATION/STRATEGIC Central Florida Foundation 800 North Magnolia Ave Orlando FL 32803 593182886 501(c)(3) 10000 EDUCATION/STRATEGIC Chicanos Por La Causa 1112 East Buckeye Rd Phoenix AZ 85034 860227210 501(c)(3) 22000 EDUCATION/STRATEGIC Children's Action Alliance 4001 N 3rd St Phoenix AZ 85012 860594785 501(c)(3) 154100 EARLY GRADE SUCCESS City Center for Collaborative Learning 47 E Pennington St Tucson AZ 85701 030504763 501(c)(3) 40000 EDUCATION/STRATEGIC College Success Arizona 4040 E Camelback Rd Phoenix AZ 85018 202366755 501(c)(3) 206450 POSTSECONDARY Diocesan Council-St Vincent De Paul PO Box 13600 Phoenix AZ 85002 860096789 501(c)(3) 13000 EDUCATION/STRATEGIC Empower College Prep 5757 N Central Ave Phoenix AZ 85012 900717690 501(c)(3) 10000 EDUCATION/STRATEGIC Expect More Arizona PO Box 16088 Phoenix AZ 85011 453681012 501(c)(3) 2132950 COLLEGE & CAREER Flagstaff Chamber of Commerce FDN 101 West Route 66 Flagstaff AZ 86001 273133456 501(c)(3) 80000 INNOVATIVE Florida Chamber Foundation 136 S Bronough St Tallahassee FL 32301 596209605 501(c)(3) 45300 POSTSECONDARY Florida Education Foundation 325 W Gaines St Tallahassee FL 32399 592718509 501(c)(3) 7500 EDUCATION/STRATEGIC Florida Philanthropic Network 1211 N Westshore Blvd Tampa FL 33607 201328734 501(c)(3) 416560 COLLEGE & CAREER Florida State University Foundation 2010 Levy Ave Tallahassee FL 32306 596152180 501(c)(3) 26600 EDUCATION/STRATEGIC Florida TaxWatch 106 North Bronough St Tallahassee FL 32301 591918055 501(c)(3) 8425 COLLEGE & CAREER Genesis City 525 E McDowell Rd Phoenix AZ 85004 860739107 501(c)(3) 61425 EDUCATION/STRATEGIC Glazer Children's Museum 110 W Gasparilla Plaza Tampa FL 33602 592637851 501(c)(3) 19900 EDUCATION/STRATEGIC Grantmakers for Education 851 SW 6th Ave Portland OR 97205 330919329 501(c)(3) 8000 EDUCATION/STRATEGIC Hillsborough Education Foundation 2306 N Howard Ave Tampa FL 33607 592883361 501(c)(3) 45000 EDUCATION/STRATEGIC International Econ Development Council 734 15th S NW Washington DC 20005 520887806 501(c)(3) 17500 EDUCATION/STRATEGIC Junior League of Tampa 87 Columbia Dr Tampa FL 33606 590693993 501(c)(3) 14800 EDUCATION/STRATEGIC Kiwanis Club Of Scottsdale PO Box 4094 Scottsdale AZ 85261 742565255 501(c)(3) 25000 POSTSECONDARY Lawton Chiles Foundation 12008 Miccosukee Rd Tallahassee FL 32309 593400148 501(c)(3) 41400 EDUCATION/STRATEGIC Live the Solution 1517 N Wilmot Rd Tucson AZ 85712 261151754 501(c)(3) 8400 EDUCATION/STRATEGIC Maricopa Community Colleges Foundation 2419 West 14th St Tempe AZ 85281 860327449 501(c)(3) 51500 EDUCATION/STRATEGIC NALEO Educational Fund 1122 W Washington Blvd Los Angeles CA 90015 521212849 501(c)(3) 130000 COLLEGE & CAREER Orlando Repertory Theatre 1001 E Princeton St Orlando FL 32803 591056385 501(c)(3) 1590000 EARLY GRADE SUCCESS Partnership for Economic Innovation 2 N Central Ave Phoenix AZ 85004 474623504 501(c)(3) 450000 INNOVATIVE Phoenix Final Four Local Org Committee 2001 N 3rd St Phoenix AZ 85004 474226409 501(c)(3) 500000 EARLY GRADE SUCCESS Stand for Children - Arizona 649 N 4th Ave Phoenix AZ 85003 521957214 501(c)(3) 1055000 COLLEGE & CAREER Starting Right Now 5328 Primrose Lake Circle Tampa FL 33647 263725699 501(c)(3) 5300 EDUCATION/STRATEGIC Take Stock in Children 8600 NW 36th St Miami FL 33166 593331584 501(c)(3) 3570000 COLLEGE & CAREER Tampa Bay Sports Commission 401 E Jackson St Tampa FL 33602 593468367 501(c)(3) 300000 COLLEGE & CAREER Tampa General Hospital Foundation PO Box 1289 Tampa FL 33601 237354477 501(c)(3) 10000 EDUCATION/STRATEGIC Teach for America - Phoenix 3030 N Central Ave Phoenix AZ 85012 133541913 501(c)(3) 2763815 COLLEGE & CAREER TGEN Foundation 445 N 5th St Phoenix AZ 85004 331092191 501(c)(3) 60000 POSTSECONDARY Tucson Festival of Books 1209 E University Tucson AZ 85721 262145432 501(c)(3) 14000 EDUCATION/STRATEGIC Tucson Values Teachers 3497 N Campbell Ave Tucson AZ 85719 264637708 501(c)(3) 14680 EDUCATION/STRATEGIC United Way Miami-Dade 3250 SW 3rd Avenue Miami FL 33129 590830840 501(c)(3) 10000 EDUCATION/STRATEGIC United Way Suncoast 5201 W Kennedy Blvd Tampa FL 33609 593725701 501(c)(3) 10954 EDUCATION/STRATEGIC University of Arizona Foundation 1111 N Cherry Ave Tucson AZ 85721 866050388 501(c)(3) 25000 EDUCATION/STRATEGIC University of Florida Foundation 1938 W University Ave Gainesville FL 32603 590974739 501(c)(3) 9875 EDUCATION/STRATEGIC University of South Florida Foundation 4202 E Fowler Ave Tampa FL 33620 590879015 501(c)(3) 2088316 COLLEGE & CAREER Valencia College Foundation 1768 Park Ctr Dr Orlando FL 32835 237442785 501(c)(3) 100000 POSTSECONDARY Valle Del Sol 3807 N 7th Street Phoenix AZ 85014 860251255 501(c)(3) 9064 EDUCATION/STRATEGIC Valley of the Sun United Way 3200 E Camelback Rd Phoenix AZ 85018 860104419 501(c)(3) 54326 EDUCATION/STRATEGIC WEDU-TV 1300 North Blvd Tampa FL 33607 590840626 501(c)(3) 55000 EDUCATION/STRATEGIC 56 SCHEDULE I, PART I, LINE 2 SEE SCHEDULE O SCHEDULE I, PART II, COLUMN (H) SEE SCHEDULE O X X true true X X X false false false false false false false true false PAUL LUNA PRESIDENT & CEO 360847 0 35000 0 48173 0 26500 0 57205 0 527725 0 0 0 VINCENT ROIG CHAIRMAN 194571 0 25000 0 5858 0 0 0 39741 0 265170 0 0 0 BARBARA RYAN THOMPSON EXECUTIVE VICE PRESIDENT & COO 259592 0 25000 0 19747 0 26500 0 22985 0 353824 0 0 0 MICHAEL CHESIN SR VICE PRESIDENT & CFO 210847 0 20000 0 17584 0 25103 0 56740 0 330274 0 0 0 IAN SMITH SR VICE PRESIDENT & CCO 167296 0 3000 0 797 0 17109 0 18953 0 207155 0 0 0 LINDA THOMPSON SR VP & CHIEF IMPACT OFFICER 190886 0 2500 0 13164 0 20796 0 38949 0 266295 0 0 0 CHARLES HOKANSON SVP & CHIEF POLICY OFFICER 192297 0 2500 0 669 0 19547 0 26311 0 241324 0 0 0 KAREN ORTIZ VP & PROGRAM DIRECTOR 156148 0 2609 0 8080 0 16744 0 16089 0 199670 0 0 0 STACY CARLSON VP & PROGRAM DIRECTOR 154912 0 2609 0 -4062 0 16020 0 30476 0 199955 0 0 0 BRAULIO COLN VP & PROGRAM DIRECTOR 149700 0 609 0 1091 0 15430 0 42016 0 208846 0 0 0 PAUL PERRAULT VP & Director of Research 111948 0 650 0 2720 0 10930 0 41814 0 168062 0 0 0 SCHEDULE J, PART I, LINE 1A BOARD MEMBERS MAY TRAVEL "FIRST CLASS" FOR FOUNDATION-RELATED BUSINESS IF THE TRAVEL TIME EXCEEDS THREE HOURS. ON OCCASION, FOUNDATION STAFF TRAVELING WITH A BOARD MEMBER ON FLIGHTS EXCEEDING THREE HOURS MAY BE UPGRADED TO "FIRST CLASS." COMPANION TRAVEL IS PROVIDED IN LIMITED CIRCUMSTANCES AND IS REPORTED AS TAXABLE INCOME TO THE INDIVIDUAL. SCHEDULE J, PART I, LINE 7 DISCRETIONARY BONUSES WERE AUTHORIZED BY THE BOARD FOR CERTAIN INDIVIDUALS BASED ON PERFORMANCE. FORM 990, PART III, LINE 4A HELIOS EDUCATION FOUNDATION'S PURPOSE IS TO CREATE OPPORTUNITIES FOR INDIVIDUALS IN ARIZONA AND FLORIDA TO SUCCEED IN POSTSECONDARY EDUCATION BY SUPPORTING EDUCATIONAL ORGANIZATIONS LOCATED IN ARIZONA AND FLORIDA. THE FOUNDATION INVESTS ITS KNOWLEDGE, EXPERTISE AND RESOURCES ACROSS THE EDUCATIONAL CONTINUUM TO ADVANCE STUDENT ACADEMIC PREPAREDNESS AND TO FOSTER COLLEGE-GOING CULTURES. ULTIMATELY, THE GOAL IS TO ENSURE THAT EVERY STUDENT GRADUATES FROM HIGH SCHOOL READY FOR COLLEGE AND CAREER AND GOES ON TO COMPLETE A HIGH-QUALITY POSTSECONDARY CERTIFICATE OR DEGREE. THE FOUNDATION'S COMMITMENT TO EDUCATION IS LONG-TERM AND ITS FINANCIAL SUPPORT IS FOCUSED ON BUILDING SUSTAINABLE PROGRAMS AT EDUCATIONAL ORGANIZATIONS, WHILE IMPACTING THE EDUCATIONAL SUCCESS OF STUDENTS. DURING FY16, HELIOS EDUCATION FOUNDATION PROVIDED $17.4 MILLION IN GRANTS TO EDUCATIONAL ORGANIZATIONS LOCATED IN ARIZONA AND FLORIDA; PROVIDED FUNDING TO SUPPORT SCHOOLS AND UNIVERSITIES; AND PROVIDED FUNDING TO A VARIETY OF OTHER EDUCATIONAL ORGANIZATIONS FOR THE PURPOSE OF IMPROVING THE CONDITIONS OF AND ACCESS TO EDUCATION. HELIOS VIEWS COLLABORATION AND PARTNERSHIP AS CRITICAL TO CULTIVATING INNOVATIVE IDEAS AND DEVELOPING SOLUTIONS TO THE COMPLEX CHALLENGES FACING EDUCATION. THROUGH COLLABORATION, STRATEGIC PARTNERSHIPS, AND INVESTMENTS, HELIOS HAS IDENTIFIED EARLY GRADE SUCCESS, COLLEGE AND CAREER READINESS AND POSTSECONDARY COMPLETION AS THE THREE MOST CRITICAL REFORM. PRIORITIES IN ACHIEVING OUR LONG-TERM GOAL. 1) EARLY GRADE SUCCESS - HELIOS IS PARTNERING TO ENSURE CHILDREN IN ARIZONA AND FLORIDA, AGES BIRTH TO EIGHT, ENTER KINDERGARTEN PREPARED TO SUCCEED AND ARE READING AT GRADE LEVEL BY THE END OF THIRD GRADE. 2) COLLEGE AND CAREER READINESS - WE STRIVE FOR ALL ARIZONA AND FLORIDA HIGH SCHOOL GRADUATES TO BE PREPARED TO ENTER THE WORKFORCE OR CREDIT-BEARING COLLEGE COURSES. 3) POSTSECONDARY COMPLETION - HELIOS IS FOCUSED ON HELPING MORE TRADITIONALLY UNDERSERVED STUDENTS IN ARIZONA AND FLORIDA ACCESS, PERSIST AND ATTAIN A HIGH-QUALITY POSTSECONDARY CERTIFICATE OR DEGREE. FORM 990, PART VI, LINE 2 JANE ROIG AND VINCENT ROIG HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, LINE 11B THE FOUNDATION'S SENIOR STAFF AND BOARD OF DIRECTORS (ALL VOTING MEMBERS OF THE GOVERNING BODY) REVIEW AND APPROVE THE FORM 990 PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. THERE ARE SEVERAL REVIEW AND DUE DILIGENCE STEPS THAT OCCUR PRIOR TO THE BOARD RECEIVING THE COMPLETED FORM 990 FOR ITS CONSIDERATION. THE FOUNDATION'S FORM 990 IS PREPARED, REVIEWED AND APPROVED IN THE FOLLOWING MANNER: 1) THE FOUNDATION'S FORM 990 IS PREPARED BY A CERTIFIED PUBLIC ACCOUNTING FIRM IN CONJUNCTION WITH THE FOUNDATION'S CHIEF FINANCIAL OFFICER AFTER COMPLETION OF THE ANNUAL AUDITED FINANCIAL STATEMENTS. THE FORM 990 IS THEN SHARED WITH INDEPENDENT TAX COUNSEL FOR REVIEW AND COMMENT. 2) UPON COMPLETION OF THE REVIEW BY INDEPENDENT TAX COUNSEL, THE CHIEF FINANCIAL OFFICER REVIEWS THE FORM 990 AND RELATED SCHEDULES WITH SENIOR STAFF WHICH INCLUDES THE PRESIDENT AND CHIEF EXECUTIVE OFFICER, THE CHIEF OPERATING OFFICER, THE CHIEF IMPACT OFFICER, THE CHIEF POLICY OFFICER, AND THE CHIEF COMMUNICATIONS OFFICER. 3) FOLLOWING THE REVIEW AND CONCURRENCE BY SENIOR STAFF, THE FORM 990 IS REVIEWED WITH THE FOUNDATION'S AUDIT COMMITTEE. THE AUDIT COMMITTEE IS A REGULAR STANDING COMMITTEE OF THE BOARD OF DIRECTORS, AND IT IS CHARGED WITH REVIEWING THE FORM 990. A FULL COPY OF THE FORM 990 AND RELATED SCHEDULES IS PROVIDED TO ALL MEMBERS OF THE AUDIT COMMITTEE AS WELL AS ALL MEMBERS OF THE BOARD OF DIRECTORS (ALL VOTING MEMBERS OF THE GOVERNING BODY) IN ADVANCE OF THE REVIEW MEETING IN ORDER TO GIVE THE AUDIT COMMITTEE MEMBERS AND BOARD MEMBERS AMPLE TIME FOR REVIEW. ONCE THE AUDIT COMMITTEE IS SATISFIED WITH THE FORM 990, IT APPROVES THE FORM 990 AND RECOMMENDS IT TO THE FULL BOARD OF DIRECTORS FOR APPROVAL AND FILING. 4) FOLLOWING APPROVAL AND RECOMMENDATION BY THE AUDIT COMMITTEE, THE BOARD OF DIRECTORS TAKES ACTION ON THE FORM 990. THE CHAIR OF THE AUDIT COMMITTEE PROVIDES THE BOARD OF DIRECTORS WITH AN OVERVIEW OF THE FORM 990 REVIEW CONDUCTED BY THE AUDIT COMMITTEE AND RECOMMENDS APPROVAL BY THE BOARD OF DIRECTORS. IF REQUIRED, THE BOARD OF DIRECTORS MAY FURTHER REVIEW THE FORM 990 AND ENGAGE IN ADDITIONAL DISCUSSIONS. ONCE THE BOARD OF DIRECTORS IS SATISFIED WITH THE FORM 990, IT VOTES ON APPROVAL AND ACCEPTANCE. ONCE APPROVED, SENIOR STAFF IS DIRECTED TO FILE THE FORM 990 WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, LINE 12C THE FOUNDATION HAS CREATED A COMPREHENSIVE CONFLICT OF INTEREST POLICY FOR THE ENTIRE ORGANIZATION. THE CONFLICT OF INTEREST POLICY IS MONITORED AND ENFORCED AT TWO DISTINCT LEVELS OR TIERS WITHIN THE FOUNDATION. THESE TIERS ARE: - BOARD MEMBERS AND OFFICERS - INTERESTED PERSONS - FOUNDATION STAFF - NON-INTERESTED PERSONS THE PRIMARY DISTINGUISHING FACTOR BETWEEN THE TIERS IS WHETHER THE PERSON IS CONSIDERED AN "INTERESTED PERSON." AN INTERESTED PERSON IS DEFINED AS ANY INDIVIDUAL, RELATED PARTY, OR ENTITY IN A POSITION TO EXERCISE CONTROL OR INFLUENCE OVER THE FOUNDATION, INCLUDING, WITHOUT LIMITATION, DIRECTORS, OFFICERS AND MEMBERS OF A COMMITTEE WITH BOARD DELEGATED POWERS, WHO HAVE A DIRECT OR INDIRECT FINANCIAL OR BENEFICIAL INTEREST IN A TRANSACTION WITH THE FOUNDATION. BOARD MEMBERS AND OFFICERS - INTERESTED PERSON: EVERY EMPLOYEE, OFFICER AND BOARD MEMBER RECEIVES A COPY OF THE FOUNDATION'S CONFLICT OF INTEREST POLICY. THE POLICY IS AVAILABLE AND INCORPORATED INTO THE FOUNDATION'S EMPLOYEE HANDBOOK. THE POLICY IS REVIEWED AND SHARED WITH ALL EMPLOYEES (INCLUDING OFFICERS) EVERY JANUARY. ADDITIONALLY, THE BOARD OF DIRECTORS DISCUSS AND REVIEW THE POLICY ANNUALLY. - MONITORING. THE FOUNDATION, IN CONJUNCTION WITH ITS TAX ADVISOR, HAS DEVELOPED AND CUSTOMIZED A COMPREHENSIVE CONFLICT OF INTEREST AND RELATED PARTY TRANSACTION QUESTIONNAIRE. THIS QUESTIONNAIRE ADDRESSES AND ALIGNS WITH THE KEY GOVERNANCE AND POLICY QUESTIONS ASKED IN THE FORM 990. THE QUESTIONNAIRE IS REVIEWED AND UPDATED ANNUALLY. ALL FOUNDATION OFFICERS AND BOARD MEMBERS ARE REQUIRED TO ANSWER THE QUESTIONNAIRE ON AN ANNUAL CYCLE COMMENCING IN JANUARY. ADDITIONALLY, EACH OFFICER AND BOARD MEMBER UPON COMPLETION SIGNS AN ACKNOWLEDGEMENT OF DUTIES, CONFLICTS OF INTEREST POLICY AND CONFIDENTIALITY STATEMENT. KEY ELEMENTS OF OUR CONFLICT OF INTEREST POLICY AND BEST PRACTICES OF THE FOUNDATION INCLUDE THE FOLLOWING PROTOCOLS: - DUTY TO DISCLOSE. AN INTERESTED PERSON MUST DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST TO THE BOARD AND/OR MEMBER OF PERTINENT COMMITTEES OF THE BOARD THAT ARE CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. - DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS. A DETERMINATION OF WHETHER THE CONFLICT EXISTS IS MADE BY THE BOARD OR RELEVANT COMMITTEE OF THE BOARD. - PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST: * IN THE CASE OF AN ACTUAL CONFLICT OF INTEREST, AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE OF THE BOARD CONCERNING THE TRANSACTION, BUT MAY NOT PARTICIPATE IN ANY DELIBERATION OR VOTE OR FUTURE MEETINGS DURING THE DISCUSSION OF, DELIBERATIONS ABOUT, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. * IF APPROPRIATE, A DISINTERESTED PERSON OR COMMITTEE MAY BE APPOINTED TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION. IF A MORE ADVANTAGEOUS TRANSACTION IS NOT NECESSARILY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE MAY DETERMINE WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE FOUNDATION'S BEST INTEREST. * THE INTERESTED PERSON SHALL NOT INFLUENCE OR ATTEMPT TO INFLUENCE THE DECISIONS OF THE BOARD OR COMMITTEE CONSIDERING THE TRANSACTION. - VIOLATIONS OF THE CONFLICTS OF INTEREST POLICY. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT AN INTERESTED PERSON HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE INTERESTED PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD THE INTERESTED PERSON AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF THE BOARD OR COMMITTEE DETERMINES THAT THE INTERESTED PERSON HAS IN FACT FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FOUNDATION STAFF - NON-INTERESTED PERSON: ON AN ANNUAL BASIS AND AS PART OF NEW HIRE ORIENTATION ALL FOUNDATION STAFF (INCLUDING OFFICERS) ARE MADE AWARE OF AND BRIEFED ON THE FOUNDATION'S CONFLICT OF INTEREST POLICY. THE POLICY IS INCLUDED IN THE EMPLOYEE HANDBOOK. EVERY JANUARY, ALL EMPLOYEES SIGN A STATEMENT ACKNOWLEDGING THAT THEY HAVE READ, UNDERSTAND AND AGREE TO COMPLY WITH THE FOUNDATION'S CONFLICT OF INTEREST POLICY. - MONITORING. EVERY JANUARY EACH EMPLOYEE (INCLUDING OFFICERS) PREPARES AND SIGNS AN ANNUAL CONFIDENTIALITY AND CONFLICT OF INTEREST DISCLOSURE STATEMENT. THE STATEMENT ADDRESSES THE EMPLOYEE'S DUTY TO DISCLOSE ANY POTENTIAL OR ACTUAL DUALITY OF INTEREST OR CONFLICT OF INTEREST. ALL EMPLOYEES ARE REQUIRED TO MAKE PROMPT AND FULL DISCLOSURE IN WRITING TO THEIR MANAGER OF ANY POTENTIAL SITUATION WHICH MAY INVOLVE A CONFLICT OF INTEREST. - PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST. EMPLOYEES WITH A CONFLICT OF INTEREST QUESTION SHOULD SEEK ADVICE FROM MANAGEMENT. PRIOR TO ENGAGING IN ANY ACTIVITY, TRANSACTION, OR RELATIONSHIP THAT MAY GIVE RISE TO A CONFLICT OF INTEREST, EMPLOYEES MUST SEEK REVIEW FROM THEIR MANAGERS OR THE HUMAN RESOURCE DEPARTMENT. THE PRESIDENT AND CHIEF EXECUTIVE OFFICER WILL MAKE THE FINAL DETERMINATION IF THE MATTER REMAINS UNRESOLVED. ANY VIOLATION OF THIS POLICY WILL SUBJECT THE EMPLOYEE OF THE FOUNDATION TO DISCIPLINARY ACTION UP TO AND INCLUDING TERMINATION. FORM 990, PART VI, LINES 15A & 15B COMPENSATION FOR THE FOLLOWING POSITIONS IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS ANNUALLY. CHAIRMAN OF THE BOARD TREASURER SECRETARY PRESIDENT AND CHIEF EXECUTIVE OFFICER EXECUTIVE VICE PRESIDENT AND CHIEF OPERATING OFFICER SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER THERE IS NO ADDITIONAL COMPENSATION PAID TO BOARD MEMBERS WHO ALSO SERVE AS CORPORATE OFFICERS. THE MOST RECENT FORMAL COMPENSATION STUDY WAS CONDUCTED BY AN INDEPENDENT OUTSIDE CONSULTING FIRM IN 2015. - THE PROCESS FOR DETERMINING SENIOR STAFF COMPENSATION COMMENCES WITH AN ANNUAL PERFORMANCE REVIEW FOR EACH POSITION. - SALARY RANGES FOR EACH POSITION ARE DETERMINED BY THE FOUNDATION'S PARTICIPATION AND REVIEW OF MULTIPLE SALARY SURVEYS FOR COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED INDIVIDUALS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED LIKE-KIND ORGANIZATIONS. THE FOUNDATION HAS ALSO ENGAGED AN INDEPENDENT COMPENSATION CONSULTANT TO STUDY AND ASSIST IN DETERMINING APPROPRIATE COMPENSATION RANGES FOR ALL STAFF POSITIONS. - THE BOARD REVIEWS PERFORMANCE, THE SALARY SURVEYS, AND ANY OTHER COMPARABILITY DATA. ANY RECOMMENDED ADJUSTMENT IS DISCUSSED AND APPROVED BY THE BOARD OF DIRECTORS. - CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DISCUSSION AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT ARE REFLECTED IN THE BOARD MINUTES. FORM 990, PART VI, LINE 19 THE FOLLOWING FOUNDATION DOCUMENTS ARE NOT REQUIRED TO BE MADE AVAILABLE TO THE GENERAL PUBLIC. - GOVERNING DOCUMENTS - FINANCIAL STATEMENTS - CONFLICT OF INTEREST POLICY CERTAIN DOCUMENTS AND FINANCIAL INFORMATION MAY BE FOUND THROUGH OTHER SOURCES SUCH AS THE ARIZONA CORPORATION COMMISSION OR GUIDESTAR. FORM 990, PART XI, LINE 9 CANCELLED AND TERMINATED GRANTS FROM PRIOR YEARS $10,494 SCHEDULE I, PART I, LINE 2 PRIOR TO AWARDING AND PAYING A GRANT, THE FOLLOWING DOCUMENTS ARE COLLECTED AS PART OF THE DUE DILIGENCE AND OVERSIGHT PROCEDURES: - MOST RECENT AUDITED FINANCIAL STATEMENTS, IF APPLICABLE - MOST RECENT MANAGEMENT LETTER (OR A STATEMENT FROM THE AUDITOR ATTESTING THAT NO MANAGEMENT LETTER WAS ISSUED) - MOST RECENT IRS FORM 990, MATCHING AUDITED FINANCIAL STATEMENTS - CURRENT BOARD OF DIRECTORS ROSTER INCLUDING NAMES, AFFILIATIONS, LENGTHS OF SERVICE AND POSITIONS HELD - STAFF PROFILES AND/OR RESUMES OF THOSE WHO WILL BE DIRECTLY INVOLVED IN THE IMPLEMENTATION OF THE PROJECT - A BRIEF DESCRIPTION OF ANY PENDING LEGAL ACTION TO WHICH THE ORGANIZATION IS A PARTY OR A LETTER VALIDATING THAT THERE IS NO CURRENT LITIGATION IN WHICH THE ORGANIZATION IS INVOLVED. - STATEMENT VERIFYING THAT THE ORGANIZATION HAS A CURRENT OFFICE OF FOREIGN ASSETS CONTROL (OFAC) COMPLIANCE POLICY, AN EQUAL EMPLOYMENT OPPORTUNITY POLICY, AND AN ANTI-DISCRIMINATION POLICY THAT MEET LOCAL, STATE AND FEDERAL REQUIREMENTS AND WITH WHICH THE ORGANIZATION IS IN FULL COMPLIANCE. - 501(C)(3) DETERMINATION LETTER - ARTICLES OF INCORPORATION - ORGANIZATIONAL BY-LAWS IN ADDITION, APPLICANTS MAY SUBMIT THE FOLLOWING ATTACHMENTS IF THEY FEEL IT STRENGTHENS THE PROPOSAL AND/OR CLARIFIES THE INFORMATION: - LOGIC MODEL - STRATEGIC PLAN - BUSINESS PLAN - MEMORANDUMS OF UNDERSTANDING (MOUS) - INTERGOVERNMENTAL AGREEMENTS (IGAS) - LETTERS OF SUPPORT - ANNUAL REPORT - RECENT, RELEVANT PUBLICATIONS - PROPOSAL BUDGET WORKSHEET (PROVIDED TO HELIOS EDUCATION FOUNDATION FOR MULTI-YEAR GRANTS) FINANCIAL DOCUMENTS ARE ANALYZED FOR RISK AND APPROPRIATENESS BY THE SR VICE PRESIDENT AND CHIEF IMPACT OFFICER. DATA OUTSIDE OF THE NORM IS REFERRED TO THE FOUNDATION'S CHIEF FINANCIAL OFFICER; LIKEWISE, LEGAL DOCUMENTS ARE REVIEWED BY THE SR VICE PRESIDENT AND CHIEF IMPACT OFFICER AND REFERRED TO THE CHIEF OPERATING OFFICER FOR REVIEW AND FINAL DISPOSITION. ONCE A GRANT HAS BEEN AWARDED, A CUSTOMIZED CONTRACT IS DEVELOPED AND EXECUTED. CONTRACTS GENERALLY CONTAIN CUSTOMIZED DELIVERABLES INCLUDING INTERIM REPORTING, SITE VISITS, AND FINAL REPORT. DELIVERABLES ARE ENTERED INTO A TRACKING DATABASE AND MONITORED FOR COMPLIANCE. THE PROGRAM SPECIALIST, THE PROGRAM VICE PRESIDENT AND/OR THE SR VICE PRESIDENT AND CHIEF IMPACT OFFICER MONITORS GRANT COMPLIANCE AND PROACTIVELY ADDRESSES ANY GRANT EXCEPTIONS. SCHEDULE I, PART II, COLUMN (H) AS DESCRIBED IN PART III OF THE FORM 990, HELIOS EDUCATION FOUNDATION FOCUSES ITS COMMUNITY INVESTMENTS ACROSS THREE PRIORITY AREAS: 1) EARLY GRADE SUCCESS; 2) COLLEGE AND CAREER READINESS; AND 3) POSTSECONDARY COMPLETION. EARLY GRADE SUCCESS - PREPARING CHILDREN AGES 0-8 TO ENTER KINDERGARTEN READY TO SUCCEED AND READ AT GRADE LEVEL BY THE END OF THIRD GRADE THROUGH: - FOSTERING COLLABORATIVE AND SUSTAINABLE EARLY CHILDHOOD EDUCATION SYSTEMS - IMPROVING ACCESS AND QUALITY OF EARLY CHILDHOOD PROFESSIONAL DEVELOPMENT - BRIDGING EARLY CHILDHOOD AND K-3 EDUCATION COLLEGE AND CAREER READINESS - ENSURING ARIZONA AND FLORIDA HIGH SCHOOL GRADUATES ARE PREPARED TO ENTER THE WORKFORCE OR CREDIT-BEARING COLLEGE COURSES WITHOUT REMEDIATION. - IMPROVING ACADEMIC RIGOR AND RELEVANCE - EMBEDDING A COLLEGE-GOING CULTURE BY FOSTERING HIGH EXPECTATIONS AND ENGAGING COMMUNITIES POSTSECONDARY COMPLETION - HELPING TRADITIONALLY UNDERSERVED STUDENTS IN ARIZONA AND FLORIDA ACCESS, PERSIST AND ATTAIN A HIGH-QUALITY POSTSECONDARY CERTIFICATE OR DEGREE. - STRUCTURING SUPPORTS TO FACILITATE SUCCESSFUL TRANSITION TO CREDIT BEARING COURSES - CONSTRUCTING SCHOLARSHIPS TO SUPPORT PERSISTENCE AND COMPLETION - FOCUSING SUPPORTS AND GUIDANCE ON CERTIFICATE AND DEGREE PATHWAYS INNOVATIVE - PROGRAMS ALIGNED TO THE VALUES, VISION AND MISSION OF THE FOUNDATION THAT FALL OUTSIDE OF OUR OTHER PRIORITY AREAS. OLYMPUS PROPERTIES I LLC 2415 E CAMELBACK RD STE 500 PHOENIX AZ 85016 942850977 REAL ESTATE AZ 0 5649366 HELIOS OLYMPUS PROPERTIES II LLC 2415 E CAMELBACK RD STE 500 PHOENIX AZ 85016 942850977 REAL ESTATE AZ 3833 5261742 HELIOS