Gcc Foundation Inc.

“The board of directors has, by resolution adopted by a majority of the directors then in office, designated two (2) or more directors of the corporation to constitute an Executive Committee which, to the extent provided in the resolution and consistent with applicable law, shall have and exercise all of the authority of the board of directors in the management of the corporation's affairs during intervals between the meetings of the board of directors. The Chairman, by virtue of his or her position, shall serve as a member of the Executive Committee. The Executive Committee shall be subject to the authority and supervision of the board of directors.”

“Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990 is then provided to the board of directors prior to filing with the IRS.”

“The organization requires all officers and board members to annually complete and sign a conflict of interest questionnaire. The Board Chairman is responsible for reviewing the signed statements and ensuring that interested persons are in compliance with the conflict of interest policy. The Executive Committee reviews the Board Chairman's signed statement. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship.”

“The Executive Director's compensation is determined by the independent members of the board of directors and the Board Chairman is responsible for his review. Comparability data is used in determining compensation and this process is documented in the HR files. Form 990, Part VII, Section B, Line 15b: The organization does not compensate any other officers or key employees. Therefore, this line was answered "no" in accordance with the instructions.”

“The governing documents, conflict of interest policy, and financial statements are available upon request.”

“The Executive Director is compensated by an unrelated organization, Reliant Mission, Inc (Reliant). Reliant files all required payroll information returns as required by the IRS. As such, due to common paymaster rules as instructed by the IRS, the number of employees reported represent the number of employees who work for the filing organization but are compensated by an unrelated organization. GCC Foundation reimburses Reliant in full for the Executive Director's compensation and the reimbursements are reported on 990, Part VII, Section A and 990, Part IX, Line 5.”

“The Foundation prepares its financial statements using the modified cash basis of accounting. Under the modified cash basis of accounting, contributions and revenues are reported when received rather than when earned, and expenses are reported when paid rather than when the obligation is incurred.”