Queens College Foundation Inc.

“Amber guth and celeste guth have a family relationship.”

“The form 990 was prepared by an independent accounting firm in conjunction with the foundation's financial department. A copy of the draft form 990 is first distributed to the audit committee for review and approval and then circulated to the full board of trustees for discussion and comment. Each board member is provided ample opportunity to comment on the information contained in the 990 prior to its filing with the internal revenue service.”

“Conflict of interest policy enforcement and monitoring: each officer, director, trustee, and key employee of the foundation is required to annually disclose any conflicts of interest that arise by virtue of their employment, board service, or position with the foundation. The foundation monitors compliance with its conflict of interest policy through an annual questionnaire/disclosure statement that is distributed to these individuals. Potential conflicts are investigated immediately.”

“Process for determining compensation: the foundation does not compensate any of the individuals reported in part vii of the form 990. All officer compensation is paid by a related organization, queens college. Queens college is a municipal employer and all officer salaries are governed by contracts negotiated between the state, new york city and trade municipal unions.”

“Public disclosure of documents: the foundation makes its form 990 available to the public by retaining a copy at its place of business. The form 990 is likewise published on the internet at www.guidestar.org. The foundation's financial statements, governing documents and conflict of interest policy will be available to the public upon request and at management's discretion.”

“Whistleblower and retention policies the foundation is serviced by individuals that are compensated by a related party, queens college , and by an unrelated third party, the research foundation of the city of new york. All individuals providing services to the foundation operate under the whistleblower policy and document retention policy of the organization from which they hail.”

“The foundation's primary purpose is to solicit, manage, and administer contributions made by private donors to the college. As an integral part of its mission of maintaining and strengthening the academic excellence of the college, the foundation administers funds, the proceeds of which are used to support the college's services and activities not fully funded by state and city tax levies, as well as educational needs such as scholarships, special academic programs and other activities. The foundation also manages restricted and endowed gift accounts and allocates such income as prescribed by the respective donors.”

“Other program fees: program service expenses 974,439. Management and general expenses 0. Fundraising expenses 0. Total expenses 974,439. Stipends: program service expenses 520,868. Management and general expenses 0. Fundraising expenses 0. Total expenses 520,868. Other consulting fees: program service expenses 1,014,690. Management and general expenses 236,705. Fundraising expenses 0. Total expenses 1,251,395.”