Cta Foundation for Teaching and Learning

“As board members of california teachers academy ("cta"), david b. Goldberg, ernest t. Boyd, and leslie littman have an employment relationship with each other, as they were officers and employees of cta during the tax year.”

“The form 990 is prepared by an independent public accounting firm based on audited financial statements. The final draft of the 990 is reviewed by the accounting manager. A copy of the 990 is provided to the board of directors prior to filing.”

“Employees of the related organization are required to disclose to the organization and the california teachers association any current or contemplated activity, interest or relationship of the employee's or immediate family member which might create or appear to create a conflict of interest under the terms and provision of the policy.”

“The organization's operations are managed by the employees of the california teachers association. The management compensation policy is adopted by the california teachers association board of directors and reviewed annually. Compensation adjustments for officers and managers are based on change to the average teacher salary in the state of california.”

“The organization makes its exemption status materials and the irs form 990 for the most recent three years available to the public upon request.”

“Section 1.263(a)-1(f) de minimis safe harbor election organization is making the de minimis safe harbor election under treas. Reg. 1.263(a)-1(f) for all eligible amounts paid or incurred during the taxable year. Section 1.263(a)-3(n) capitalization election organization hereby elects to capitalize repair and maintenance costs under treas. Reg. 1.263(a)-3(n). The costs were incurred during the taxable year in the electing organization trade or business and the electing organization treats such costs as capital expenditures on its books and records.”

“Ftl does not have its own employees. Certain cta employees allocate a portion of their time on administrative work for the ftl. The salary and benefits costs reported in part ix represent the pro rata costs of these cta employees allocable to ftl.”