Coast Community College District

“The organization does not have a sub committee with authority to act on its behalf.”

“A draft of the form 990 and its related schedules are submitted to foundation management. The draft is updated based on feedback from management prior to filing the return. A final draft of the form 990 and its related schedules are provided to all members of the board.”

“Coast community college district foundation (cccdf) requires all employees to disclose, at least annually, all sources of income from compensation or from ownership of every outside entity that (a) sold, supplied or provided services, (b) operated a competing enterprise or (c) provided goods or services to cccdf in the last six months. Cccdf also requires all directors to annually sign a statement affirming (a) receipt of the cccdf conflict of interest policy, (b) understanding of the policy and (c) agreement with the policy. To ensure the foundation operates in a manner consistent with its not-for-profit purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews are conducted by the executive director and staff of the foundation for submittal to the board of directors. This review is performed during the october semi-annual meeting each year, so that it can be verified as a part of the following year's audit. The periodic reviews, at a minimum, include the following subjects: a. Whether compensation arrangements and benefits are reasonable, based on competent survey information and the result of arm's length bargaining. B. Whether partnerships, joint ventures, and arrangements with management organizations conform to the foundation's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further nonprofit purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction. An interested person must recuse himself or herself from casting any vote and from participating in any further meetings or negotiations with respect to any transactions in which he or she may have financial interest except upon a specific invitation from the board or committee.”

“Line 15a is answered no because coast community college district (cccd) employs and compensates the top management officials line 15b is answered no in accordance with the irs form 990 instructions because salary is paid and determined by a related party, cccd. All officers are employed and paid by cccd.”

“The foundation makes its governing documents, conflict of interest policy and financial statements available for public inspection upon request.”

“The related organization participates in the public employee retirement system of california and state teachers retirement system, defined benefit plans, due to the size and varied participants in this plan the actuarial value is not calculated on a per employee basis. No amount is included in column f for a reasonable estimate of the increase in actuarial value.”

“Organization reimburses the related organization for salaries, w-2' are issued by the related organization.”

“Change in value of split-interest agreement 557. Change in value of coast ccd enterprise, inc. -2,818.”