Augusta Technical College Foundation Inc.

“All trustees of the foundation board may nominate potential trustees to serve on the board. If a nominee is overwhelmingly approved for nomination, the foundation president will extend an invitation to join the foundation board of trustees.”

“The governing board usually presents all bylaw changes, policies additions, deletions or changes, budgets, and extraordinary expenses to the whole foundation board for approval.”

“Once the form 990 has been completed, a copy will be shared with the foundation board for review and approval for submission to the irs by elliott davis decosimo, llc/pllc. Should questions arise, they will be directed to elliott davis decosimo, llc/pllc for clarification.”

“The foundation director collects the data forms and reviews them for any possible conflicts of interest. If a question arises about a potential conflict of interest, it is brought to the attention of the foundation board president to review and decide a course of action.”

“The foundation will establish a public file that will be made available upon request to any written inquiries to review it.”

“Cultivation: program service expenses 0. Management and general expenses 7,288. Fundraising expenses 0. Total expenses 7,288. Family first: program service expenses 0. Management and general expenses 5,661. Fundraising expenses 0. Total expenses 5,661. Tcfa: program service expenses 0. Management and general expenses 3,921. Fundraising expenses 0. Total expenses 3,921. Discretionary expense: program service expenses 0. Management and general expenses 2,384. Fundraising expenses 0. Total expenses 2,384. Professional development: program service expenses 0. Management and general expenses 1,775. Fundraising expenses 0. Total expenses 1,775. Chamber memberships: program service expenses 0. Management and general expenses 1,538. Fundraising expenses 0. Total expenses 1,538. Office supplies: program service expenses 0. Management and general expenses 1,514. Fundraising expenses 0. Total expenses 1,514. Pest control: program service expenses 0. Management and general expenses 826. Fundraising expenses 0. Total expenses 826. Dues and subscriptions: program service expenses 0. Management and general expenses 664. Fundraising expenses 0. Total expenses 664. Postage and shipping: program service expenses 0. Management and general expenses 448. Fundraising expenses 0. Total expenses 448.”

“Impairment loss on fixed assets -175,000. Prior year asset restatement -165,000. Revenue from ptp investment activities -1,000.”