Golden West College Foundation

“There shall be an executive committee with a membership to be composed of the chair of the board, president, vice president, treasurer, executive secretary, and president of the college. 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.”

“The organization does not have a sub committee to act on its behalf.”

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

“Officers and directors completed conflict of interest questionnaires electronically during the fiscal year ended june 30, 2024, however, not all forms were collected. Golden west college foundation (gwcf) 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 gwcf in the last six months. Gwcf also requires all directors to annually sign a statement affirming (a) receipt of gwcf conflict of interest policy (b) understanding of the policy and (c) agreement with the policy. When an issue arises concerning any potential conflict of interest either with staff or a director(s) of the foundation board either the chair of the board or the executive director, directs the affected staff or board director to withdraw from any and all discussions about the issue and if it involves a board director asks the board director to excuse themselves from the decision making and implementation processes.”

“The officers are compensated by the related organization which uses comparable data, review by the board and contemporaneous data to establish the compensation.”

“The foundation has its form 990 available on its own website, but the form 1023 is only available upon request.”

“The foundation makes its governing documents, conflict of interest policy and financial statements available for public inspection upon request.”

“The related organization participates in the public employee retirement system of california and state teachers retirement system, defined benefit plans, due to the size and varied participants in this plan the actuarial value is not calculated on a per employee basis. No amount is included in column f for a reasonable estimate of the increase in actuarial value.”

“Change in value for fccc investment 15,074.”