California Statewide Certified Development Corporation

“Alexander globa and patricia griffin globa - family relationship”

“The organization's management reviews the form 990 prior to filing with the irs. The board receives a copy of the final filed return after it is submitted to the irs”

“Each director, principal officer and member of a committee with governing board or delegated powers shall sign a statement attesting to the fact that he/she: - has received a copy of the conflict of interest policy. - has read and understands the policy. - has agreed to comply with the policy. - understands the organization is a non-profit corporation and in order to maintain its federal tax exemption, it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. In connection with an actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board-delegated powers considering the proposed transaction or arrangement. No transaction of the organization shall be voidable by reason of the fact that any director or officer of the organization has an interest in the concern with which such transaction is entered into, provided: a) the interest of such officer or director is fully disclosed to the board of directors. B) such transaction is duly approved by the board of directors not so interested or connected as being in the best interests of the organization. C) payments to the interested officer or director are reasonable and do not exceed fair market value, the governing board or committee shall determine whether the organization can obtain, with reasonable efforts, a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. D) no interested officer or director may vote or lobby on the matter or be counted in determining the existence of a quorum at the meeting at which such transaction may be authorized. The minutes of meetings at which such votes are taken shall record such disclosure, abstention, and rationale for approval.”

“The board of directors met to review executive compensation comparability data compiled by an independent consultant to determine the compensation packages for the chief executive officer and the president with the meeting contemporaneously documented. This process was most recently undertaken in december 2017 with final approval made in march 2018 by the full board of directors.”

“The organization's governing documents, conflict of interest policy and financial statements are not made available to the public.”