California State University

“Significant changes in governing documents on june 2025, the institute board of directors approved the dissolution of the institute, and the remaining cash related the commercial paper was transffered to the csu.”

“Process of reviewing form 990 the board of directors ("the board") has delegated responsibility for reviewing the form 990 to the controller. The senior director and senior financial reporting manager of systemwide financial standards & reporting at the chancellor's office works closely with the external accounting firm, kpmg, which is engaged to prepare the return. After the return is prepared, the controller conducts the final review and the completed form 990 is then made available to the board prior to filing.”

“Monitoring and enforcement of the conflict of interest policy the audit committee reviews and, as necessary, recommends actions related to significant conflicts of interest and related party transactions. Pursuant to the conflicts of interest policy updated and approved february 2014, an annual conflict of interest form, aimed at determining any family and business relationships and transactions or other transactions that may pose a potential conflict, is distributed to all covered persons (i.e., board members, senior financial officers.) the procedures for addressing any conflict of interest includes, but is not limited to, the following: (1) the conflicting interest is fully disclosed to the board; (2) the board discusses the matter in open session, allowing the director whose conduct is at issue to provide explanation; (3) the person with the conflict of interest is excluded from the discussion and approval of such transaction; (4) the board takes action regarding the matter by majority vote; and (5) such action may include validation of the transaction with conditions, censure or removal of the director, rescission of the transaction, or any other action deemed appropriate by the board. Any conflicts that are identified are entered into the board minutes in addition to any resolution to the conflict which has been taken.”

“Disclosure of documents while federal tax laws do not mandate that the organization's governing documents, conflict of interest policy, whistleblower policy, records and retention and destruction policy, and financial statements be made available for public inspection, the organization makes them available upon request.”

“On june 2025, the institute board of directors approved the dissolution of the institute, and the remaining cash related the commercial paper was transffered to the csu.”

“Letter of credit fees: program service expenses 911,542. Management and general expenses 0. Fundraising expenses 0. Total expenses 911,542. Comm paper dealer fees: program service expenses 74,710. Management and general expenses 0. Fundraising expenses 0. Total expenses 74,710. Comm paper rating agency fees: program service expenses 73,250. Management and general expenses 0. Fundraising expenses 0. Total expenses 73,250. Issuing and paying agent fees: program service expenses 28,129. Management and general expenses 0. Fundraising expenses 0. Total expenses 28,129.”