Long Beach State Foundation

“The audit committee reviews the form 990 at a scheduled meeting. Prior to filing, the board is provided with a complete copy of the form 990.”

“Each board member shall initially and annually thereafter receive, review, complete, sign, and return a related party questionnaire and conflict of interest certification. The organization encourages the prompt disclosure of any such conflict, real or perceived, to the ceo for review and determination. In the case of the ceo, disclosure shall be made to the board chair for review and determination consistent with this policy statement. The conflict of interest policy was originally adopted in 2011 as part of the original by-laws. The foundation has continued to enhance the policy. Form 990, part vi, section b, lines 13 and 14 the 49er foundation adopted the university's whistleblower policy and developed a records retention schedule when the foundation was formally created.”

“The organization does not have any employee compensation policies in place because it does not have any employees.”

“The form 990, financial statements, conflict of interest policy, and governing documents are posted to the organization's website.”

“Csulb 49er foundation does not file any form w-2 for employees due to the fact that they are paid from the payroll of csulb and csulb research foundation. The salaries and wages and related employee expenses are allocated between the entities based on the employee's time spent on work for each activity.”

“Payments to csulb and csulb research fdn. For salaries & wages: program service expenses 1,203,225. Management and general expenses 154,459. Fundraising expenses 261,945. Total expenses 1,619,629. Payments to csulb and csulb research fdn. For other employee benefits: program service expenses 328,718. Management and general expenses 61,503. Fundraising expenses 38,399. Total expenses 428,620. Payments to csulb and csulb research fdn. For pension plan accruals: program service expenses 0. Management and general expenses 6,974. Fundraising expenses 7,699. Total expenses 14,673. Payments to csulb and csulb research fdn. For payroll taxes: program service expenses 18. Management and general expenses 5,616. Fundraising expenses 7,278. Total expenses 12,912.”