Foundation for Seminole State College of Florida Inc.

“The draft form 990 is presented to the finance committee for review and comments via conference call or in-person before being filed with the internal revenue service.”

“Directors are asked to complete a conflict of interest disclosure statement each year at the annual meeting. The executive assistant for the foundation follows up with members who do not respond by the requested time period. Members are reminded at meetings to abstain from voting if there is a potential conflict of interest and to verbally state that they are abstaining. Any known conflicts are discussed and verbalized prior to decision-making actions.”

“All of the foundation staff are actually employees of seminole state college. The foundation legal entity has no employees. The college follows this process for determining the ceo compensation as of july 20, 2004. The state board of education administrative rule 6a-14 041 authorizes the board of trustees at each college in the florida college system to prescribe contract forms for employees at their respective institutions. Effective july 1, 2006, the seminole state college board of trustees approved the form contract of employment for professional and administrative personnel to be used as the standard for the ceo position. In jan 2008, the seminole state college board of trustees approved a revision to this form, to be effective january 1, 2008. All contracts are approved each year by the board of trustees. The process for determining the compensation for other officers and key employees is once a year. The president shall recommend salary schedules to the board of trustees for its approval. The following salary conditions apply for staff personnel salaries. The college shall consider salaries paid in the community and other institutions for work requiring like responsibility, skill, ability, experience, and authority. The college follows a consistent policy for compensation. Listed below is an excerpt from the official policy and it is further detailed in the annual college salary schedule posted on its website and approved by the college board of trustees each year, with the annual 2022-2023 salary approved march 15, 2023, effective january 1, 2023. This schedule is made available to all college employees creditable experience for full time professionals and administrators. The associate vice-president of human resources may recommend to the president a salary between the minimum and midpoint of the established range for professional and administrative employees. Factors affecting the recommended salary may include experience, qualifications, market conditions, internal equity, etc.”

“Paper and electronic copies of the foundation's governing documents, conflict of interest policy, and form 990 is maintained in the foundation finance office for public viewing and available upon request.”

“To enhance seminole state college of florida's programs and services through the development and management of private contributions and community partnerships. The foundation provides resources that support academic excellence, increased access, and vital community outreach which assist in the advancement of the institution, students, faculty and staff.”