Humboldt State University Sponsored Programs Foundation

“The board of directors has an executive committee comprised of the officers of the board and the chairs of the finance committee, personnel committee, and governance committee. The executive committee's responsibilities include acting on behalf of the board of directors when authorized by resolution of the board to do so, provided that such action is reported by the president at the earliest possible time.”

“The board of directors includes the president of humboldt state university, the vice presidents of the university or their designees, and the dean for research and graduate studies. The board of directors also includes the following individuals appointed by the university president: one director from among the deans of the colleges and library, seven faculty directors, two enrolled full-time student directors (one undergraduate and one graduate), one or more community directors, and additional directors from among university personnel or community members to provide appropriate legal, financial and regulatory expertise.”

“Amendments to the articles of incorporation and bylaws require approval of the president of humboldt state university.”

“The form 990 was reviewed by the executive director of humboldt state university sponsored programs foundation as well as by the finance officer prior to the form 990 being filed.”

“Humboldt state university sponsored programs foundation reviews transactions and monitors activity on a regular basis for conflict of interest items that may arise.”

“The executive director reports to the dean of research of the campus and compensation is determined based on campus compensation policies. Key employees' compensation is determined by campus compensation policies.”

“The organization's governing documents, conflict of interest policy and financial statements are all available to the public through humboldt state university sponsored programs foundation's website.”

“Sub-contracts-level 1: program service expenses 317,928. Management and general expenses 0. Fundraising expenses 0. Total expenses 317,928. Sub-contracts-level 2: program service expenses 5,189,718. Management and general expenses 577,000. Fundraising expenses 0. Total expenses 5,766,718. Counseling services: program service expenses 232,778. Management and general expenses 0. Fundraising expenses 0. Total expenses 232,778. Contractual services: program service expenses 381,080. Management and general expenses 45,546. Fundraising expenses 0. Total expenses 426,626. Special consultant: program service expenses 95,688. Management and general expenses 0. Fundraising expenses 0. Total expenses 95,688.”

“The process and methods used by the foundation to select the independent auditor have not changed.”