The Hunter College Foundation Inc

“The audit committee of the board of trustees reviews the form 990 with management and auditors and approves the form 990 for filing. Following audit committee approval and prior to filing, a copy of the form 990 is electronically delivered to each member of the board of trustees.”

“The conflict of interest and disclosure policy is distributed to board members at the initial meeting of the year. The board members review the conflict of interest and disclosure policy, sign the conflict of interest and disclosure policy annual statement and return the forms to the foundation. These forms are then reviewed by the audit committee. The conflict of interest policy covers any interested person who is a trustee, officer, key employee or member of a committee with powers delegated by the foundation's board. An interested person will disclose any potential conflict of interest to the executive committee and to the board or committee considering the proposed transaction or arrangement. The executive committee will determine whether a conflict of interest exists. After the interested person discloses the potential conflict of interest and all material facts, the interested person shall leave the executive committee meeting and the executive committee members shall decide and vote on whether a conflict of interest exists. If there is a potential conflict of interest, an interested person may make a presentation at the board or committee meeting but will then leave the meeting before the discussion and vote on the transaction or arrangement involving the possible conflict of interest. The chair of the board or committee will, if appropriate, appoint a disinterested person or committee to investigate alternatives.”

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

“Consulting : program service expenses 851,879. Management and general expenses 16,909. Fundraising expenses 102,327. Total expenses 971,115. Honorarium and temporary : program service expenses 1,032,945. Management and general expenses 16,778. Fundraising expenses 4,908. Total expenses 1,054,631.”

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