Housatonic Community College Foundation Inc

“Housatonic community college foundation has its form 990 prepared by an outside accounting firm and has establsihed a review process to ensure that the information reported is complete and accurate. The form 990, once completed, is distributed to management and the board of directors in draft form to be reviewed, after review and any questions are answered, form 990 is filed with the state and federal governments.”

“Each director, principal officer, and member of a committee with board delegated powers shall annually sign a statement which affirms that such person: (a) has received a copy of the conflict of interest policy; (b) has read and understands the policy; and (c) has agreed to comply with the policy. In connection with any actual or possible conflict of interest, an interested person must disclose the existence and nature of his or her financial interest or conflict of loyalty to the directors and members of committees with board delegated powers considering the proposed transaction or arrangement. Upon disclosure of a financial interest, the interested person shall leave the board or committee meeting while the financial interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists by a two-thirds vote.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is also posted on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request or by calling the organization directly. A financial summary is also included in the annual report.”

“Its mission is to solicit, secure, and manage contributions from the private sector through philanthropic individuals, corporations, and foundations for the benefit of the college. Today, hccf works in partnership with the college to bring a broad range of scholarships and grants to men and women from the greater bridgeport area who have the desire to learn and the determination to build a better life. Hcc continues to thrive in its role as a dynamic and supportive academic institution. As hcc has grown, so has hccf. Hccf strives to develop new sources of funding in an effort to meet the growing financial challenges presented by a thriving community college dedicated to educational access and success. Fundraising efforts are focused on increasing accesss and retention for low-income, historically marginalized students.”

“The organization has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process did not change from the prior year.”