University of California Press Foundation

“The taxpayer's accounting firm forwarded the form 990 to university of california press foundation, who forwarded it to its finance committee and board of trustees for their review prior to filing the form 990. Trustees and committee members were encouraged to review the form 990 and to forward their questions to university of california press foundation or the accounting firm to be addressed.”

“University of california press foundation requires an annual affirmation that all trustees have received, read, understand, and agree to comply with the conflict of interest policy. In addition, the policy requires that trustees annually disclose any financial interest through business, investment, or family as described in the policy and that they immediately disclose any new such interests that arise at any time of the year. Trustees' disclosure must be made immediately upon the occurrence of any event requiring disclosure under this policy and before the consideration of an affected transaction or arrangement, if not previously disclosed in the most recent annual disclosure statement. Upon any such disclosure, the trustee shall leave the governing board and/or committee while the remaining trustees determine if a conflict of interest exists. If the governing board or committee determines the trustee has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“The review and approval of compensation for uc press employees is a multi-level process. Vacant positions are classified and assigned to a pay grade by the university of california office of the president compensation staff. Within that pay grade, uc press has the discretion to determine salaries based on the market, individual qualifications, equity within the salary grade for like positions within uc press. Supervisors in consultation with their manager make a recommendation to the senior management team. Depending on the salary grade for the position, the salary is either approved by the senior manager or the director.”

“The governing documents, conflict of interest policy, and financial statements are provided to the public on request for the same period of time set forth in sec. 6104(d).”

“Accrual to cash adjustment 35,108.”