Mt Hood Community College

“The Executive Committee has broad authority to act on behalf of the Board during the interim between meetings of the Foundation Board subject to the direction and control of the Foundation Board. The Executive Committee is comprised of the Foundation President, the Foundation Vice President, the Foundation Secretary, the Foundation Treasurer, the immediate past president and two current members elected by the Foundation Board to serve on the Executive Committee. There are no members of the Executive Committee that are not also members of the governing body.”

“The Finance Committee (FC) reviews the Form 990 tax document. Once the Form 990 is reviewed and approved, the FC recommends the Board of Directors accepts and approves the return. The President of the Foundation signs the Form 990 and any other required forms after the final approval.”

“Board members and the Foundation Executive Director are required to complete a conflict-of-interest statement annually. The conflict-of-interest policy covers the officers and director of the Foundation. Once a conflict of interest is determined to exist, disclosure of the financial interest, all material facts, and any necessary discussion with the interested person is completed, they leave the Board or committee meeting while the determination of the conflict of interest is discussed and voted upon. The remaining Board or committee members decide if a conflict of interest exists. If the board or committee has reasonable cause to believe a member has failed to disclose a conflict of interest, the member has an opportunity to explain the failure to disclose. After hearing the response of the member and making further investigation, and it is determined that a failure to disclose has occurred, disciplinary and corrective action will be taken.”

“Comparability data includes external market information of comparable organizations, most recently conducted in 2014. Since then, salary has been adjusted in accordance with Mt. Hood Community College's compensation practices for management staff. In 2017, Human Resources made recommendations regarding reclassification/change in salary range for the Executive Director position. These recommendations were reviewed and approved by MHCC's Vice President of Finance and Administration in accordance with Mt. Hood Community Colleges guidelines on position reclassification for management employees. There is documentation of the deliberation and decision regarding the position reclassification in 2017. Since that time, adjustments to the Executive Director's pay have been in line with the annual and cost of living increases afforded to all management employees. The Foundation does not have employees, and the Executive Director's salary is paid by Mt. Hood Community College District, an unrelated organization.”

“The documents are available upon request.”

“Income Tax Basis”