Los Angeles Mission College Foundation

“Los angeles mission college foundation's outside cpa firm and the foundation development officer prepare the form 990. The form is then reviewed and approved by the organization's president. The complete form 990 is provided to and reviewed with the entire governing body prior to filing with the irs.”

“All officers, directors and key employees are covered persons under los angeles mission college foundation's conflict of interest policy. Los angeles mission college foundation expects and requires all persons associated with the foundation to conduct the foundation's business with integrity and to maintain a high standard of personal conduct in the affairs of the foundation. Los angeles mission college foundation expects the members of its board of directors (the "board"), its officers and staff, and any standing or special committees or advisory committees (covered persons) which may be created from time to time by the foundation, to recognize and avoid activities or investments which involve, or might appear to involve, a conflict of interest, illegal or unethical activities or which might otherwise be cause for embarrassment to the los angeles mission college foundation. Any exception to the policy must be reported to the chair of los angeles mission college foundation's board or the executive director (in the absence of the chair), and any such exceptions to the policy must be so approved in the manner described in the policy prior to consummation of any part of any transaction affected. All covered persons of the los angeles mission college foundation including anyone paid by the los angeles community college district must obtain the written consent of the chair (or, in the absence of the chair, the executive director) before engaging in an activity which might constitute a violation of the policy. The chair of the los angeles mission college foundation, must obtain approval from the board, or a designated committee of the board, at an open or executive committee meeting in which the los angeles mission college foundation person seeking approval does not participate, before engaging in an activity which might constitute a violation of the policy. Any member of the board who is an interested person will abstain from voting on any proposed agreement and such abstention will be recorded in the minutes of the meeting. In any situation in which a majority of the board members would be disqualified because of this policy, the board, after full disclosure of the potential conflict, may by a majority affirmative vote, suspend the conflict of interest policy and proceed to enter into the agreement. All discussion and action with respect to actual or potential conflicts of interest are duly entered into the minutes of meeting where such an action takes place. Violations of the policy will not only contravene the will of the board, but may also be illegal and possibly result in civil or criminal liability for the involved party. All los angeles mission college foundation persons who violate the policy may be subject to discipline up to and including discharge from a position with los angeles mission college foundation. All individuals covered by this policy are required to attest in writing, on an annual basis, to full compliance with the policy, and to disclose potential conflicts of interest on a timely basis. Violations of the policy are grounds for review of membership up to and including removal from his or her position with los angeles mission college foundation. Signed compliance statements are to be submitted annually by the directors and employees.”

“Governing documents, the conflict of interest policy, and financial statements are available to the public upon request. However, current tax law does not require these documents be provided to the public.”

“The los angles mission college foundation is the support arm of the college and is made up of civic and business leaders, as well as members of the campus community. Our members are strong supporters of community-based education, we believe that a community college education can open many doors and career opportunities for students.”

“The primary purpose of los angeles mission college foundation is to advance the college's education and cultural goals by: 1. Promoting the college in the community; 2. Assisting the college in fulfilling its role of service to the community by providing a continuum of human services to promote long-term family self-sufficiency and increase economic orpportunities to persons of low-to moderate income. Services will include but will not be limited to academic and vocational training, financial literacy education, entrepreneur training, employment assistance, leadership training, counseling, case management services; and to provide assistance to low-income members of the college community as a method by which to advance equity in education, pprovide basic food, and to promote social welfare within the structure allowed by the los angeles community college district.”

“Payroll service fees : program service expenses 0. Management and general expenses 758. Fundraising expenses 0. Total expenses 758.”

“Miscellaneous expense: program service expenses 0. Management and general expenses 4,162. Fundraising expenses 0. Total expenses 4,162.”