California Masonic Foundation

“The senior accountants prepare the form 990 supporting schedules/data, then the controller reviews the schedules/data and submits to the tax consultant for preparation of the form 990. The tax consultant submits the completed 990 to the controller and cfo for review and approval. Cfo and tax consultant presented the form 990 to the audit committee for final approval. The form is then posted to an internal website accessible to all voting members of the board. Once approved, the cfo signs the form 990 and files with the irs.”

“As required, annually, each member of the board executes and signs a conflict of interest disclosure statement. In this statement, the board and the board level committee discloses known, existing, potential and possible conflicts of interest. If no such interests or activities exist, the party writes the word "none" in the space provided. In addition, these statements are updated when an interested party subsequently becomes a matter of board action. The interested party discloses the circumstances to the president of the board of directors. In the event the interested party in question is the president of the board, the potential conflict is disclosed to the full board. The conflict of interest disclosure statement for board and non-board committee members is submitted to the president of the board for review. The plans for mitigation of any conflict relating to board members or non-board committee members are presented by the president to the board and the grand master. Following their review, all conflict of interest disclosure statements are kept on file with the grand secretary.”

“The audited financial statements, governing/organizing documents, and conflict of interest policy are available at the corporate office.”

“All other fees for services: program service expenses 28,629. Management and general expenses 2,826. Fundraising expenses 15,934. Total expenses 47,389. Columbia lodge restoration: program service expenses 395,874. Management and general expenses 0. Fundraising expenses 0. Total expenses 395,874. Scholarship administration fee: program service expenses 50,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 50,000.”