Cal Poly Pomona Foundation Inc

“The draft return is reviewed by the enterprise foundation management team, followed by the cfo vice president of finance at the university. It is then presented to the finance & investment committee for acceptance and then forwarded to the board for final acceptance before filing.”

“The organization regularly and consistenly monitors and enforces compliance with it's conflict of interest policy. The policy does require an annual disclosure, with signature, that could give rise to conflicts of interest of family and business relationships among officers, directors, trustees and key employees.”

“The compensation (including benefits) of the organization's executive director and chief financial officer is subject to the foundation's executive compensation policy # 126. The board of directors reviews the compensation of the executive director and chief financial officer as follows: the board shall consider the compensation of comparable employment positions paid by comparable organizations. The board shall also take into account any other relevant information and factors in determining the reasonableness of executive compensation. The minutes shall reflect the consideration of the board as to the issue of executive compensation. Only those members of the board who are free of conflicts of interest may be involved in evaluation of executive compensation. The board shall undertake this review process upon the hiring of a new employee for executive director and chief financial officer, and upon the modification of the compensation for such position, but in no case less than annually. Form 990, part vi, line 15b - compensation process for officers: all employees have a written job description for which their performance is measured annually using a rating scale system. Both the employee and reporting supervisor have an opportunity to provide input on the annual evaluation, and a review of each evaluation is completed by reporting supervisor's manager. The overall point value is one source of input for the rate of increase, if any. Compensation comparability is completed by using the aoa compensation survey, which includes as many as 50 positions from other csu auxiliaries, and also includes a review of the published csu salary letters and their respective written job descriptions and current market data. This analysis is conducted independently within human resources and the resulting data along with the organization's historical practices are used to develop the salary ranges, which are ultimately reviewed and approved by the board of directors, and documented accordingly.”

“The foundation's governing documents, conflict of interest policies and audited financial statements are available to the public on the foundation's website, intranet site and upon request.”