Dallas College Foundation Inc

“The executive committee shall at a minimum consist of the chairman, chair-elect, secretary, treasurer, immediate past chairman, chairman of the investment committee (if not named in the previous group), and six at-large directors. To ensure continuity, when feasible, the incoming chair will be recommended/approved by the leadership committee one year prior to his/her assuming duties. The chairman of the dallas college (the college) board of trustees and the chancellor of the college shall be non-voting, ex-officio members of the executive committee. The executive committee shall have and may exercise all of the authority and powers of the board of directors in the business and affairs of the foundation. The foregoing shall not be construed as authorizing action by the executive committee with respect to any action which, by statute, the articles of incorporation or these bylaws, is required to be taken by vote or a specified proportion of the number of directors fixed by these bylaws, or any other action required or specified by the texas non-profit corporation act or other applicable laws or by these bylaws or by the articles of incorporation to be taken by the board of directors as such. The designation of the executive committee and the delegation thereto of authority shall not operate to relieve the board of directors or any member thereof any responsibility imposed upon it or him by law. Members of the executive committee shall be appointed by the board of directors at its annual meeting and, unless sooner discharged by affirmative vote of the directors, shall hold office until their respective successors are appointed and qualify or until their earlier respective deaths, resignation, retirements or disqualifications.”

“The director of finance works with an independent accounting firm to complete and review the form 990 and related schedules. The board treasurer then reviews the document and it is made available to the full board prior to its submission to the irs.”

“On an annual basis, all board members must sign a conflict of interest statement disclosing any potential conflict of interest. Statements are reviewed by the director of finance and business affairs of the foundation. Any matter of question or interpretation that arises relating to the policy is referred to the executive director for decision and/or referral to the board of directors for decision, where appropriate. A determination is made and communicated with necessary individuals if any action must occur.”

“The foundation's financial statements, governing documents, and conflict of interest policy are available upon request.”

“Consulting fees: program service expenses 390,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 390,000. Professional services: program service expenses 0. Management and general expenses 842,585. Fundraising expenses 0. Total expenses 842,585.”

“The organization has not changed either its oversight process or selection process during the tax year.”