Dutchess Community College Foundation Inc.

“A paper copy of the draft of the form 990 is reviewed by the foundation's audit committee, board of directors and the administration personnel and executives of the foundation prior to filing. If there are any issues or questions, these items will be discussed with the accountants preparing the return. Once these issues and questions are resolved, the board will approve the return and will notify the accountants that it may be filed with the irs.”

“Officers and directors are required to annually affirm compliance with the conflict of interest policy. New appointees are required to acknowledge acceptance of the policy upon appointment. Individuals are required to disclose any conflicts that may exist when matters come up for deliberation or decision, and to recuse themselves from the process wherever a conflict may exist.”

“THE EXECUTIVE DIRECTOR, OFFICERS AND KEY EMPLOYEES ARE NOT COMPENSATED BY THE ORGANIZATION, BUT ARE COMPENSATED BY AN UNRELATED ORGANIZATION, DUTCHESS COMMUNITY COLLEGE. Key employees, whose time is strictly devoted to the Foundation, are covered under a Union Contract. The Executive Director is a management confidential employee of the College. Management confidential salaries are determined by the President and the College Board of Trustees and approved with a board resolution.”

“THE FOUNDATION'S FORM 990 is AVAILABLE for public inspection as required under section 6104 of the internal revenue service code as it is posted on guidestar.org and other similar websites. In addition, Form 1023, as well as the financial statements, conflict of interest policy, articles of incorporation and by-laws are available upon written request of the organization at 53 Pendell Road, Poughkeepsie, NY 12601, or by calling the organization at 845-431-8400.”

“Contractual Labor: Program service expenses 0. Management and general expenses 67,319. Fundraising expenses 4,134. Total expenses 71,453. Strategic Planning Services: Program service expenses 2,300. Management and general expenses 20,010. Fundraising expenses 0. Total expenses 22,310. Maintenance Services: Program service expenses 0. Management and general expenses 5,811. Fundraising expenses 0. Total expenses 5,811.”

“Write-off of uncollectble pledges -11,906.”

“The Audit Committee of the Organization assists the Board of Directors in fulfilling its oversight responsibilities relating to the integrity of the organization's financial statements, its compliance with legal and regulatory requirements, the qualifications, independence and performance of the organization's independent auditors, its Code of Ethics and Business Conduct, and any conflict of interest transactions. This process has not changed from the prior year.”