Dutchess Community College Association Inc.

“The form 990 is reviewed by the association's board of directors. Any questions or comments are relayed to the association's executive director, who will then forward those questions to the accountants who prepared the return.”

“To protect the integrity of the decision-making process of the board of directors, and to ensure that the constituents have confidence in the integrity of the board, all board members are required to make full disclosure of interests, relationships, and holdings annually that could potentially result in a conflict of interest. During any decision-making process, board members are required to disclose any interest in a transaction or purchase where the board member, including their business or other non-profit affiliates, family members, employer (other than dutchess community college) or close associates, may receive a financial benefit or gain. After disclosure, the board member will abstain from voting on any action to be taken regarding said transaction or purchase. The conflict of interest statement is signed by each board member, and kept on file with the secretary of the association.”

“Compensation for all employees, including the executive director of the association are approved by the board of directors and are based on comparable salaries provided to dutchess community college employees through union contracts and management confidential guidelines.”

“The association's form 990 is available for public inspection as required under section 6104 of the internal revenue code by posting it on guidestar.org and other similar types of websites. The financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request at 53 pendell road, poughkeepsie, new york 12601, or by calling the organization directly at 845-431-8000.”

“Casual labor: program service expenses 83,078. Management and general expenses 0. Fundraising expenses 0. Total expenses 83,078. Service contracts: program service expenses 428,461. Management and general expenses 37,300. Fundraising expenses 0. Total expenses 465,761.”

“Change in fair value of interest rate swap agreement 331,658.”

“Procedures related to the oversight of the annual audit of the financial statements and the selection of the independent accountant have not changed from the prior year.”