Purchase College Foundation Inc C/O Suny Purchase

“Prior to filing form 990, it is provided electronically to the members of the board of directors for their personal review and questioning. Subsequently, and prior to the filing of the purchase college foundation form 990, the performing arts center foundation form 990, and the purchase college foundation housing corporation form 990 (the principal affiliates), the combined audit committee will conduct a review of all three forms 990 with the auditors and tax preparers present and participating with management in the presentation of these filings.”

“The conflict of interest policy provides for annual written acknowledgement by each trustee or officer that each has read and is familiar with the conflict-of-interest policy and as to whether or not the trustee or officer has a conflict of interest. If a conflict exists, the complete details of the conflict are to be described in writing and submitted to the board chair or the president. The board chair or president shall refer the issue to the executive committee, or other board committee (the 'body') having decision-making authority over the substantive matter in question. The trustee or officer who discloses a direct or indirect financial interest in a proposed or existing contract, transaction or arrangement may make a presentation and respond to questions by the body, but after such presentation, he or she shall leave the meeting during the discusion of, and vote on, the contract, transaction or arrangement that results in the conflict of interest. Each year at the board of trustees' annual meeting, the conflict-of-interest policy is distributed and written acknowledgments submitted. During the course of the year, financial results and transactions are reviewed for reasonableness and appropriateness, including with regard to any potential for there being a conflict.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code by posting it on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request at 735 anderson hill road, purchase, ny 10577.”

“Performer fees: program service expenses 1,047,346. Management and general expenses 24,460. Fundraising expenses 0. Total expenses 1,071,806. Purchased college services: program service expenses 463,851. Management and general expenses 0. Fundraising expenses 0. Total expenses 463,851. Consultants: program service expenses 202,729. Management and general expenses 33,398. Fundraising expenses 78,685. Total expenses 314,812. Other professional fees: program service expenses 68,168. Management and general expenses 0. Fundraising expenses 41,154. Total expenses 109,322.”

“There is one audit committee for purchase college foundation, performing arts center foundation, and purchase college foundation housing corp. Each of the related organizations' board is represented on this committee.”