The Foundation at Hearst Castle

“A copy of 990 and supporting material was provided to the executive board ofdirectors prior to filing. Discussion of the return and supporting material wasconducted and approved by unanimous consent of the executive board.”

“It is the continuing responsibility of the board, officers, and management employeesto scrutinize transactions and outside business interests and relationships forpotential conflicts and to immediately make such disclosures. The board shalldetermine whether a conflict exists and is material, and in the presence of anexisting material conflict, whether the contemplated transaction may be authorizedas just, fair, and reasonable to the organization. The decision of the board onthese matters will rest in their sole discretion, and their concern must be thewelfare of friends of hearst castle and the advancement of its purpose.”

“Executive director's salary is determined by the board of directors based onperformance and budget restrictions.”

“In the interest of supporting excellence and encouraging professional growth, thefoundation at hearst castle provides staff with a review after ninety days andthereafter. The review utilizes a predetermined form for the supervisor and aself-evaluation questionnaire for the employee. The supervisor's written assessmentof an employee is reviewed by a board member prior to being presented to the staffperson and a board member observes the review session. The annual review allows fora discussion of strengths, growth potential and suggestions for further professionaldevelopment. In addition, compensation is reviewed and may be adjusted based onmerit and comparable salaries for like work in san luis obispo county, which isdetermined through consultation with the nonprofit support center.”

“Available upon request and on the secretary of state website.”

“No documents available to the public.”

“Rounding = $1”