California Academy of Sciences

“The form 990 is prepared by rsm us llp ("rsm") based on information provided by the organization's staff. Prior to filing with the irs, the form 990 is distributed to management and the board of trustees for their review.”

“Persons covered: the code of conduct, conflict of interest and confidentialty policy shall apply to the conduct of any "interested person", and any transaction or arrangement with an "interested person." an "interested person" is a trustee, an officer, an executive director, a highly compensated employee, a substantial contributor or a member of a committee with board-delegated powers who has a direct or indirect "financial interest." determination of conflicts: any questions with regard to a particular circumstance or occurance should be addressed to the chair of the audit committee, who may consult with legal counsel as appropriate. Actual conflicts reviewed: as soon as is practicable after determining that a potential conflict of interest exists, the board shall deliberate the matter, and the potentially interested person, after supplying such information as the board shall request, shall recuse himself or herself. Restrictions imposed: require that the interested person leave the meeting during the discussion of, and the vote on, the transaction or arrangement that may create the conflict of interest.”

“The executive director's performance is reviewed annually. The executive director is the only staff member with an employment contract, and that agreement stipulates the executive director's salary, bonus(es), and raises. Executive director pay is negotiated with the board chair and approved by the executive committee of the board. Executive director compensation data is reviewed for legal consistency with executive compensation consultants for compensation standards. This process was last completed january, 2023. Other officers and key employees receive raises consistent with practices for all staff. Compensation studies for these positions and all staff may be conducted by executive compensation consultants to support any compensation recommendations.”

“The conflict of interest policy and financial statements are posted on the organization's website. Governing documents are available upon request for the same period of disclosure as set forth in section 6104(d).”

“Change in value of investments held 68,957. Beginning in the year ended june 30, 2025, the academy revised the presentation of endowment support for current operations on its audited financial statements. This change affects presentation only and does not impact total changes in net assets. Comparative amounts on the statements of activities have been reclassified to conform to the current presentation. These presentation changes to the audited financial statements do not affect amounts reported on form 990.”

“The process for overseeing the audit of the financial statements and selection of an independent accountant that audited the financial statements has been consistent with prior years.”