Future Citizens Foundation DBA the First Tee of Monterey

“The organization conducts a golf tournament at pebble beach golf course. A director of the organization is also a shareholder of pebble beach company.”

“The 990 was reviewed by key board members before being filed”

“The board and management sign and review signed conflict of interest statements”

“Management and the board compare salary rates in their organization with those of similar organizations to develop compensation policies and rates, which are then approved at board meeting”

“Managment and the board compare salary rates in their organization with those of similar organizations to develop compensation policies and rates, which are then approved at board meeting”

“Governing documents, policies and financial statements are available upon request”

“Client Note 1 - 990-T Support, Part II, Line 29 SupportSalaries & Wages $ 35,843Repairs & Maintenance $ 15,428Depreciation $ 1,509Lease Expense $ 6,125Insurance $ 3,004Other Operating Expense $ 5,742Supplies $ 1,441Professional Fees $ 8,751Training $ 79Travel $ 113Miscellaneous $ 6,102Utilities $ 3,191 Total Deductions $ 87,328”

“OTHER PROGRAM SERVICES 4: Pay It Forward Scholarship and Mentoring Program: On February 2, 2013, the California State University Monterey Bay through its University Corporation (UCMB) transferred to FCF all rights, title or interest in the Pay It Forward Scholarship and Mentoring Program (PIF). This included all rights in names or styles relating to the program, it being the intent of the parties that FCF shall own outright the interest, rights and assets belonging to the program. Additionally, for a period of four years after the transfer date, and thereafter, subject to termination upon the giving of one years prior written notice, UCMB agrees to continue to provide funding for administrative services for the program, consistent with the current level of funding, but not to exceed $110,000 per year. This permits all funds raised by FCF for the program to be granted 100 percent to student scholarships.Each student receives a $20,000 PIF scholarship at $5,000 per year for four years and is required to:Stay on a four-year graduation trackMaintain at least a 2.5 grade point averageMeet personally with his/her community mentor at least once a monthParticipate in each of 10 monthly program meetingsSpend at least five hours each month tutoring and mentoring younger students, primarily through TFTMCBe the first generation of their family to attend collegeWith the new incoming students selected, there will be 56 student receiving scholarships in the next 2017-2018 school year. As of May 2017, 52 students have graduated under the PIF program, for 71% graduation rate. Of those graduated, 24 (46%) did so with honors 10 Cum Laude, 10 Magna Cum Laude, and 3 Summa Cum Laude. OTHER PROGRAM SERVICES 5: Taylor Farms Center for Learning:In February 2014, the FCF board approved funds to construct a 5,000 sq. ft. center for learning on the FCF campus in Salinas. Construction of the center began in March 2016 and FCF took occupancy in September 2016. The center was constructed at a cost of $1.2M and was completed on-time and under budget. The Center provides a continuum of services for the youth served helping each define success on their own terms. The continuum touches each part of their life from elementary school through college. To support the mission of to offer young people of Monterey County opportunities for a better future the Center offers programs in three primary focus areas of: Academia, STEM, and Life Exploration and Preparation.The ages served by the Center For Learning are 7 22 and the specific groups include, The First Tee of Monterey County Participants, the Pay It Forward Scholarship and Mentoring Program scholars and their mentees and, alumni of The First Tee of Monterey County that may not be college ready or are still exploring lifes options.The FCF launched a capital campaign to fund the building and to recompense the funds drawn from the long-term account. For a donation of $750,000 the center was named the Taylor Farms Center For Learning. At year-end 2016, FCF had raised $1,770,000 in direct contributions and pledges.”