Connect Foundation

“Form 990 is first reviewed by the organization's accounting department and audit committee where it is compared against audited financial statements. Form 990 is then forwarded to the ceo for his review, with emphasis on non-financial information contained in the tax return. Once authorized by the ceo, the form 990 is sent to the audit committee for approval. Once approved, it is distributed to the full board for comments. Lastly, the tax preparer is notified that the form 990 is ready to be filed.”

“When a perceived conflict exists and is not raised, it is addressed with the individual and the individual is asked to abstain from voting or performing actions that would create a conflict.”

“A compensation committee made up of executives from various professions evaluate the ceo's salary annually. They compare his salary to comparable non-profit companies in the region using the "charity navigator ceo compensation study" the ceo's salary is adjusted upward based on meeting certain milestones, and can be deferred upon agreement by the ceo and the board.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. The form 990 is also available on www.guidestar.com.”

“Frameworks workshops these workshops are half-day, professional development programs structured to provide an overview of business basics through 'fundamentals': a vocabulary, foundation and 'framework' in which business leadership can be built around, and 'advanced workshops': a focused and detailed look at specialized and industry specific topics customized to fit the needs of a start-up company”

“Connect with connect connect with connect is a science and technology networking event that is normally held two to three times a year that features technology exhibits and enables entrepreneurs, researchers, capital providers and professional services providers to network in order to create new partnerships, expand their networks and see the latest innovations from the san diego region. The organization did not hold this even during the past year.”

“There have been no changes from the prior year by organization's committee that assumes responsiblity for oversight of the audit of the organization's financial statements and selection of an independent accountant.”