Foundation for California Community

“California community colleges board of governors has the right to appoint and remove foundation board members.”

“The organization has no such committees. Therefore, there were no meetings to document.”

“Form 990 will be reviewed by the foundation's officers and board of directors prior to filing with the irs.”

“Board members, officers, vice presidents and certain executive staff employees receive a copy of the conflict of interest policy. Annual disclosures are filled out. When a conflict of interest is disclosed, the legal department reviews all disclosures and makes an initial determination as to whether a conflict of interest exists. Certain sensitive matters are taken to the board of directors.”

“Compensation is established and periodically reviewed using comparable market data as published by various third party sources. During fiscal year 2016, a compensation review was prepared and reviewed by the board of directors. The compensation review included individual officer compensation as well as key employees and position groupings, as compared to comparable market data obtained from six different industry sources.”

“The foundation's governing documents, conflict of interest policy and financial statements are made available to the public upon request.”

“As the official foundation of the california community colleges' board of governors and chancellor's office, the foundation is a unique 501(c)(3) nonprofit organization that provides effective services and innovative solutions for the largest higher education system in the nation. Foundation programs reach all 113 california community colleges and 72 districts, and are designed to benefit students, colleges, college foundations, and the system as a whole, helping to improve higher education opportunities throughout the state. In doing our work we seek out opportunities to help facilitate collaboration, accelerate innovation, and increase system-wide resources through a variety of ways, including entrepreneurial programs, philanthropy, and state and federal grants and contracts. As we near the midpoint of our second decade, we are focused on providing centralized support and enhancing our ability to respond quickly to the needs of the system.”

“Other consultants: program service expenses 4,191,909. Management and general expenses 244,545. Fundraising expenses 0. Total expenses 4,436,454.”

“Neither the process for oversight of the financial statement audit nor the process for the selection of an independent accountant has changed from the prior year.”