Orange Coast College Foundation

“There shall be an executive committee with a membership to be drawn solely from the board of directors as follows: chair, and vice chair, president of the college, secretary, treasurer, past chair, chair of the marine programs committee and executive director. The executive committee shall have the power to act on behalf of the board of directors in all matters authorized by the nonprofit public benefit corporation law.”

“A draft copy of the form 990 and its related schedules are submitted to the executive board for review before filing.”

“Orange coast college foundation (occf) requires all employees to disclose, at least annually, all sources of income from compensation or from ownership of every outside entity that (a) sold, supplied or provided services (b) operated a competing enterprise or (c) provided goods or services to occf in the last six months occf also requires all directors to annually sign a statement affirming (a) receipt of occf conflict of interest policy (b) understanding of the policy and (c) agreement with the policy. Possible conflict of interest matters are brought to the foundation executive committee (which includes the president of the college) for discussion and review. If the conflict of interest matter can't be resolved via executive committee action, outside counsel and advisement are sought as necessary.”

“Line 15a is answered no because coast community college district is the sole member and common paying agent for orange coast community college foundation. Therefore the top management officials are employed and compensated by coast community college district (cccd). Line 15b is answered no in accordance with the irs form 990 instructions because salary is paid and determined by a related party, coast community college district (cccd). Cccd is the sole member and officers are employed and paid by cccd.”

“The forms 990 and 990-t are available on the organization's website, but the form 1023 is only available upon request.”

“The organization's governing documents, conflict of interest of policy and financial statements are available on the organization's website.”

“Organization reimburses the related organization for compensation. The organization does not issue w-2's they are issued by the related organization.”

“Service other : program service expenses 93,527. Management and general expenses 63,368. Fundraising expenses 0. Total expenses 156,895. Comissions/broker fees : program service expenses 375,146. Management and general expenses 0. Fundraising expenses 0. Total expenses 375,146. Contract services: program service expenses 288,927. Management and general expenses 0. Fundraising expenses 0. Total expenses 288,927.”

“Change in split-interest agreement 176,383. Change in beneficial interest in assets 1,756.”