California Statewide Certified Development Corporation

“Carlo samson and craig samson - family relationship”

“The form 990 is reviewed by the cfo/coo and ceo. The board received a copy of the final return via the board portal before the return was filed with 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 meets to review and determine compensation for the ceo annually, using comparability data compiled by a third-party independent compensation consultant per sba requirements. The meeting was contemporaneously documented. This process was most recently undertaken in 2020 with approval by the full board of directors. Compensation for the cfo/coo is also based on an analysis by a third-party compensation consultant. The salary is approved by the ceo and reviewed by the board on an annual basis. All other key employee compensation is based on industry and market analysis, approved by the ceo and reviewed annually by the board, per sba requirements.”

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