2024-02-15T21:03:44-05:00 2022-12-31 843187635 Conner & Associates LLC 20 3rd Street SW Ste 306 Winter Haven FL 33880 990 2022-01-01 591819213 POLK STATE COLLEGE FOUNDATION INC POLK 999 AVENUE H NE WINTER HAVEN FL 33881 CINDY BAKER CHIEF FINANCIAL 8632923749 2024-02-15 false CINDY BAKER Kevin J Conner P01880238 8632684374 2024-02-15 0 00 AAL1 IAL1 2022 2023-04-26 12:10:37Z JEFF BALDWIN 3144826 false X WWW.POLK.EDU/FOUNDATION X 1976 FL POLK STATE COLLEGE FOUNDATION WORKS IN TANDEM WITH POLK STATE COLLEGE TO HELP IT MEET ITS HALLMARKS AND COMMITMENT TO THE COMMUNITY OF ACCESS AND AFFORDABILITY TO HIGHER EDUCATION. SEE SCHEDULE O. 23 23 0 45 0 0 1198423 3144826 0 3138022 -4234897 -38100 0 4298345 -1090071 1165621 1294198 0 0 0 11333 778447 801983 1944068 2096181 2354277 -3186252 44521399 40305491 565481 747436 43955918 39558055 X POLK STATE COLLEGE FOUNDATION WORKS IN TANDEM WITH POLK STATE COLLEGE TO HELP IT MEET ITS HALLMARKS AND COMMITMENT TO THE COMMUNITY OF ACCESS AND AFFORDABILITY TO HIGHER EDUCATION. SEE SCHEDULE O. false false 1497009 1294198 THE POLK STATE COLLEGE FOUNDATION ASSISTS MORE THAN 1,000 STUDENTS ANNUALLY THROUGHAWARDING MORE THAN $1 MILLION IN SCHOLARSHIPS. THE MAJORITY OF SCHOLARSHIP AWARDSARE DONOR DIRECTED AND HELP LIFT UP STUDENTS THROUGHOUT THE COLLEGE POPULATION. FIRST GENERATION, ALLIED HEALTH, PUBLIC SAFETY, ATHLETICS, THE ARTS AND EMERGENCY SCHOLARSHIPS ARE A FEW EXAMPLES OF DONOR DESIGNATIONS. IN ADDITION TO TRADITIONAL AND NON-TRADITIONAL SCHOLARSHIP AWARDS, THE FOUNDATION HAS A POPULAR ELEMENTARY SCHOLARSHIP PROGRAM, WHERE AT LEAST ONE GRADUATE OF EVERY ELEMENTARY SCHOOL IN POLK COUNTY IS AWARDED A SCHOLARSHIP TO ATTEND POLK STATE UPON GRADUATION FROM HIGH SCHOOL.THE FOUNDATION ALSO HELPS TO ELEVATE THE COLLEGE THROUGH AN ENDOWED TEACHING CHAIRPROGRAM THAT HONORS DISTINGUISHED FACULTY. (CONTINUED ON SCHEDULE O) 1497009 true true false true false false false true false true false false false true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 30 0 0 false false false false false true true false false false false false false X 23 23 false false false false false false false true true false false true true true true true true false false false X CINDY BAKER CPA 8632923749 999 AVENUE H NE WINTER HAVEN FL 33881 X SUMMER ROTH BOARD MEMBER 0.25 0.00 X 0 0 0 CHRISTINE SAMUEL BOARD MEMBER 0.50 0.00 X 0 0 0 WENDY VENTORS BOARD MEMBER 0.50 0.00 X 0 0 0 KATHLEEN MUNSON BOARD MEMBER 0.25 0.00 X 0 0 0 JASON PENROD BOARD MEMBER 0.25 0.00 X 0 0 0 NICK PLOTT BOARD MEMBER 0.50 0.00 X 0 0 0 MICHELLE LEDFORD BOARD MEMBER 0.25 0.00 X 0 0 0 BETH LUCKET BOARD MEMBER 0.25 0.00 X 0 0 0 MARK TURNER BOARD MEMBER 0.25 0.00 X 0 0 0 STACEY HEACOCK WEEKS BOARD MEMBER 0.25 0.00 X 0 0 0 SCOTT HART BOARD MEMBER 0.25 0.00 X 0 0 0 JENNIFER FASKING BOARD MEMBER 0.25 0.00 X 0 0 0 MATT MUCCI BOARD MEMBER 0.50 0.00 X 0 0 0 NIKKI HAYDE BOARD MEMBER 0.25 0.00 X 0 0 0 DR ANGELA GARCIA FALCONETTI DIRECTORPRESIDENT 0.50 0.00 X 0 0 0 ERIC JOHNSON PAST CHAIR 0.25 0.00 X 0 0 0 JENNIFER KINCART JOHNSON BOARD MEMBER 0.25 0.00 X 0 0 0 GARRETT KENNY BOARD MEMBER 0.25 0.00 X 0 0 0 REX JACKSON BOARD MEMBER 0.25 0.00 X 0 0 0 DAVID FISHER VICE CHAIR 0.50 0.00 X X 0 0 0 GRETA DUPUY CHAIR 0.50 0.00 X X 0 0 0 BO BOYTE DEVELOPMENT CHAIRSECRETARY 0.50 0.00 X X 0 0 0 JENNIFER HALL TREASURER 0.50 0.00 X X 0 0 0 JEFF BALDWIN EXECUTIVE DIRECTOR 50.00 0.00 X 0 0 0 CINDY BAKER CHIEF FINANCIAL OFFICER 50.00 0.00 X 0 0 0 0 0 0 0 false false false WHITIS CONSULTING LLC 207 WEST PARK AVENUE SUITE A Tallahassee FL 32301 LOBBYING 120000 120001 3129046 15780 3144826 4234897 -4234897 -4234897 -4234897 -1090071 -4234897 0 0 1294198 1294198 52439 52439 120000 108000 6000 6000 356882 356882 91841 91841 2363 2363 95143 95143 59392 2970 53452 2970 23923 23923 2096181 1497009 587839 11333 2472323 2381248 66395 792129 24480 30095 116336 173012 40989458 35483906 60278 2237230 44521399 40305491 139757 747436 423547 2177 565481 747436 X 1462482 1708025 42493436 37850030 43955918 39558055 44521399 40305491 X -3186252 -1211611 X false true X true false X 1770136 1863911 1322767 1198423 3144826 9300063 1770136 1863911 1322767 1198423 3144826 9300063 1714814 7585249 781249 648071 497943 752101 -4234897 -1555533 3149 429 6537 10115 7754645 0.97820 0.70510 X Other income Part II line 10 or Part III line 12 MISCELLANEOUS INCOME2018 AMOUNT: $ 3,1492019 AMOUNT: $ 4292020 AMOUNT: $6,537 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 120000 false false 120000 false Activities to influence legislation (Part II-B, lines 1a - 1h) LOBBYIST AND CONSULTANT HIRED TO REPRESENT THE INTEREST OF POLK STATE COLLEGE. X false 37621889 1981413 -7482398 559929 31560975 34137822 185637 4165220 866790 37621889 32243113 52599 2617718 749966 25642 34137822 26697291 1165044 5470431 1089653 32243113 29030090 160633 -1602131 838907 52394 26697291 0.03460 0.56770 0.39770 false false OTHER ASSETS 2237230 2237230 X Collections descriptions (Part III, line 4) COLLECTIONS AND RELATION TO EXEMPT PURPOSEPAINTINGS HAVE BEEN DONATED TO THE FOUNDATION AND THEY ARE ON DISPLAY AT THE COLLEGE. THE VALUE OF THE PAINTINGS IS $32,782. THE PAINTINGS ARE CONSIDERED WORKS OF ART WITH INEXHAUSTABLE LIVES. THE PAINTINGS RELATE TO THE ARTISTIC PROGRAMS OFFERED TO THE STUDENTS OF POLK STATE COLLEGE, FOR WHICH THE FOUNDATION PROVIDES FUNDING AND OTHER ASSISTANCE. Endowment funds intended uses (Part V, line 4) THE FOUNDATIONS ENDOWMENT FUNDS ARE INTENDED TO PROVIDE A PERMANENT SOURCE OF INCOME FOR THE FULFILLMENT OF THE FOUNDATIONS MISSION. THE ENDOWMENT FUNDS PRINCIPAL IS INVESTED AND NOT SPENT. THE INCOME GENERATED FROM THE INVESTMENTS OF PRINCIPAL IS USED FOR THE FOUNDATIONS PURPOSES RELATED TO THE COLLEGE, INCLUDING ALLOCATIONS THAT ARE TRANSFERRED INTO RESTRICTED FUNDS FOR SCHOLARSHIPS AND AWARDS, COLLEGE PROPERTY AND EQUIPMENT, AND OTHER PROGRAM EXPENDITURES. THE EARNINGS ARE ALLOCATED PURSUANT TO FINANCIAL POLICIES ESTABLISHED BY THE FOUNDATIONS BOARD OF DIRECTORS. Other revenues not included on Form 990 (Part XI, line 2d) COLLECTION RECOVERIES 7,994.SCHOLARSHIP REFUNDS -5,234.TOTAL TO SCHEDULE D, PART XI, LINE 2D 2,760. Other expenses not included on Form 990 (Part XII, line 2d) UNCOLLECTIBLE PLEDGES 3,770. Other expenses included on Form 990 (Part XII, line 4b) SCHOLARSHIP REFUNDS 5,234. Footnote for uncertain tax position under FIN 48 (Part X) THE FOUNDATION IDENTIFIES AND EVALUATES UNCERTAIN TAX POSITIONS, IF ANY, AND RECOGNIZES THE IMPACT OF UNCERTAIN TAX POSITIONS FOR WHICH THERE IS A LESS THAN MORE-LIKELY-THAN-NOT PROBABILITY OF THE POSITION BEING UPHELD WHEN REVIEWED BY THE RELEVANT TAXING AUTHORITY. SUCH POSITIONS ARE DEEMED TO BE UNRECOGNIZED TAX BENEFITS AND A CORRESPONDING LIABILITY IS ESTABLISHED ON THE STATEMENT OF FINANCIAL POSITION. THE FOUNDATION HAS NOT RECOGNIZED A LIABILITY FOR UNCERTAIN TAX POSITIONS. IF THERE WERE AN UNRECOGNIZED TAX BENEFIT, THE FOUNDATION WOULD RECOGNIZE INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. Form 990 governing body review Part VI line 11 THE FORM 990 IS PREPARED BY THE ORGANIZATIONS PUBLIC ACCOUNTING FIRM BASED ON DATA SUPPLIED BY THE ORGANIZATION. ONCE A REVIEW IS PERFORMED BY MANAGEMENT OF THE ORGANIZATION, THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR FINAL REVIEW AND APPROVAL. Conflict of interest policy compliance Part VI line 12c 1. PRESUMED CONFLICTS OF INTEREST: FOR PURPOSES OF THIS POLICY, A CONFLICT OF INTEREST IS PRESUMED TO ARISE WHEN THE FOUNDATION HAS OR IS CONSIDERING A TRANSACTION OR OTHER BUSINESS RELATIONSHIP WITH A DIRECTOR A DIRECTORS FAMILY MEMBER (DEFINED TO INCLUDE A SPOUSE, CHILD OR HOUSEHOLD MEMBER) OR WITH AN OUTSIDE ENTITY IN WHICH THE DIRECTOR OR FAMILY MEMBER HAS A MATERIAL FINANCIAL INTEREST. A FINANCIAL INTEREST IS PRESUMED TO BE MATERIAL IF IT ENTAILS: ANY OWNERSHIP OR INVESTMENT INTEREST (INCLUDING STOCK, OPTIONS, A PARTNERSHIP INTEREST OR ANY OTHER OWNERSHIP OR INVESTMENT INTEREST) VALUED AT MORE THAN $10,000, EXCEPT EQUITY IN A PUBLICLY TRADED COMPANY AMOUNTING TO LESS THAN A FIVE (5) PERCENT OWNERSHIP INTEREST IN THE COMPANY; RECEIPT OF NON-DIVIDEND COMPENSATION (INCLUDING SALARY, CONSULTING FEES, ROYALTY PAYMENTS OR OTHER REMUNERATION)OF MORE THAN $10,000 IN ANY 12-MONTH PERIOD IN THE PAST THREE YEARS, OR THE EXPECTATION OF SUCH COMPENSATION IN THE FUTURE; REAL PROPERTY, PERSONAL PROPERY, INTELLECTUAL PROPERTY OR ANY OTHER INTEREST VALUED AT $10,000 OR MORE; A POSITION OF REAL OR APPARENT AUTHORITY IN AN OUTSIDE ENTITY, SUCH AS DIRECTOR, OFFICER, DIRECTOR, OR PARTNER. A DIRECTOR IS NOT DEEMED TO HAVE A MATERIAL FINANCIAL INTEREST IN A PUBLICLY TRADED ENTITY BY REASON OF AN INVESTMENT IN THAT ENTITY BY ANOTHER PUBLICLY TRADED ENTITY, SUCH AS THROUGH A MUTUAL FUND, OF WHICH THE DIRECTOR DOES NOT CONTROL INVESTMENT DECISIONS. A CONFILICT OF INTEREST MAY ALSO ARISE WHEN A DIRECTOR OR FAMILY MEMBER HAS OR IS CONSIDERING AN INVESTMENT IN AN ENTITY, SUCH AS A FUND OR PARTNERSHIP, THAT IS NOT PUBLICLY TRADED AND IN WHICH THE FOUNDATION HAS OR IS CONSIDERING AN INVESTMENT. BECAUSE SUCH PARALLEL INVESTMENTS MAY CREATE AT LEAST AN APPEARANCE THAT THE DIRECTOR IS BENEFITING FROM THE FOUNDATIONS PARTICIPATION IN THE ENTITY, DIRECTORS SHOULD PROMPTLY DISCLOSE TO THE BOARD ANY MATERIAL FINANCIAL INTEREST IN ANY SUCH ENTITY IN WHICH THE DIRECTOR OTHERWISE KNOWS THE FOUNDATION HAS OR IS CONSIDERING AN INVESTMENT. ORDINARILY, THE DIRECTOR SHOULD NOT PARTICIPATE IN ANY DECISION OF THE BOARD OR OF ANY BOARD COMMITTEE REGARDING SUCH INVESTMENT BY THE FOUNDATION; SUCH PARTICIPATION MAY, HOWEVER, BE PERMITTED UPON A FINDING, BY VOTE OF TWO-THIRDS OF THE DIRECTORS PRESENT AT A DULY CONSTITUTED BOARD MEETING, THAT THE INTEREST OF THE FOUNDATION FULLY WARRANT SUCH PARTICIPATION. 2. DISCLOSURE OF FINANCIAL INTEREST: A DIRECTOR WHO HAS A KNOWN MATERIAL FINANCIAL INTEREST IN A PENDING OR PROPOSED TRANSACTION OR BUSINESS ARRANGEMENT INVOLVING THE FOUNDATION SHALL PROMPTLY DISCLOSE TO THE BOARD THE EXISTENECE OF THE INTEREST AND OTHER MATERIAL INFORMATION THAT THE DIRECTOR MAY HAVE REGARDING THE TRANSACTION OR ARRANGEMENT. IN ADDITION, EACH DIRECTOR SHALL ANNUALLY SIGN AND SUBMIT TO THE SECRETARY OF THE FOUNDATION A STATEMENT DISCLOSING ALL MATERIAL FINANCIAL INTERESTS, KNOWN TO THE DIRECTOR, OF THE DIRECTOR OR A FAMILY MEMBER, IN ANY OUTSIDE ENTITY WITH WHICH THE DIRECTOR KNOWS THE FOUNDATION HAS OR IS CONSIDERING A TRANSACTION OR OTHER BUSINESS RELATIONSHIP, OR AFFIRMING THAT THE DIRECTOR KNOWS OF NO SUCH INTERESTS. 3. DETERMINATION WHETHER CONFLICT OF INTEREST EXISTS: THE SECRETARY SHALL REVIEW ANNUAL DISCLOSURE STATEMENTS TO DETERMINE WHETHER A MATERIAL FINANCIAL INTEREST HAS BEEN DISCLOSED. IF A MATERIAL FINANCIAL INTEREST HAS BEEN DISCLOSED, THE SECRETARY SHALL PROMPLTY SUBMIT TO THE CHAIR OF THE BOARD FINANCE COMMITTEE OR, IF THE INTERESTS INVOVLE THE CHAIR OF THE FINANCE COMMITTEE, ANOTHER MEMBER OF THE FINANCE COMMITTEE, SUCH DISCLOSURE FORMS TOGETHER WITH ANY ADDITIONAL INFORMATION ABOUT THE CURRENT OR PROPOSED TRANSACTION OR BUSINESS RELATIONSHIP THAT MAY GIVE RISE TO A CONFLICT OF INTEREST THAT THE SECRETARY IN CONSULTATION WITH THE FINANCE COMMITTEE BELIEVES MAY BE INFORMATIVE. THE FINANCE COMMITTEE SHALL REVIEW THE MATTER AND DETERMINE WHETHER THERE IS A CONFLICT OF INTEREST. IF THE INTERESTS BEING REVIEWED INVOLVE A MEMBER OF THE FINANCE COMMITTEE, THE MEMBER SHALL NOT PARTICIPATE IN OR BE PRESENT DURING THE COMMITTEES CONSIDERATION OF THE MATTER EXCEPT AS REQUESTED BY THE COMMITTEE TO ANSWER QUESTIONS OR PROVIDE INFORMATION. THE FINANCE COMMITTEE MAY REVIEW SUCH INFORMATION AS IT DEEMS PERTINENT, INCLUDING POSING QUESTIONS TO THE INTERESTED DIRECTOR INVOLVED. IF THE FINANCE COMMITTEE DETERMINES THAT THERE IS A CONFLICT OF INTEREST, IT SHALL SO ADVISE THE INTERESTED DIRECTOR, WHO SHALL HAVE AN OPPORTUNITY TO ADDRESS THE MATTER WITH THE FINANCE COMMITTEE. IF THE FINANCE COMMITTEE OR THE DIRECTOR INVOLVED BELIEVES THAT TO DO SO IS INDICATED, THE MATTER MAY BE REFERRED TO THE BOARD. IF A CONFLICT OF INTEREST DETERMINATION IS REFERRED TO THE BOARD, EITHER FOLLOWING REVIEW BY THE FINANCE COMMITTEE OR IF DISCLOSURE IS MADE IN THE FIRST INSTANCE TO THE BOARD (FOR EXAMPLE, WHERE A DIRECTOR BECOMES AWARE OF A POSSIBLE CONFLICT OF INTEREST DURING OR JUST BEFORE A MEETING OF THE BOARD), UNLESS THE DIRECTOR ELECTS RECUSAL, THE BOARD SHALL DECIDE WHETHER A CONFLICT OF INTEREST EXISTS. THE BOARD MAY QUESTION THE INTERESTED DIRECTOR, AND THE DIRECTOR SHALL HAVE AN OPPORTUNITY TO ADDRESS TO THE BOARD WHETHER THERE IS A CONFLICT. THE INTERESTED DIRECTOR SHALL LEAVE THE BOARD MEETING WHILE THE DISINTERESTED MEMBERS OF THE BOARD DETERMINE, BY MAJORITY VOTE, WHETHER THE FINANCIAL INTEREST GIVES RISE TO A CONFILCT OF INTEREST. IF IT IS DETERMINED THAT NO CONFLICT OF INTEREST EXISTS, THE INTERESTED DIRECTOR MAY REJOIN THE MEETING AND PARTICIPATE FULLY IN THE DISCUSSION OF AND VOTE ON THE PROPOSED TRANSACTION OR ARRANGEMENT. 4. CONSIDERATION OF MATTERS INVOLVING CONFLICT OF INTEREST: IF THE BOARD DETERMINES THAT A DIRECTOR HAS A CONFLICT OF INTEREST IN A MATTER BEFORE THE BOARD, THE BOARD MAY PERMIT THE INTERESTED DIRECTOR TO MAKE A PRESENTATION REGARDING THE MATTER, BUT THE INTERESTED DIRECTOR SHALL BE REQUIRED TO LEAVE THE MEETING PRIOR TO THE DISCUSSION OF, AND THE VOTE ON, THE PROPOSED TRANSACTION OR ARRANGEMENT. THE BOARD SHALL APPROVE THE TRANSACTION OR ARRANGEMENT ONLY UPON A FINDING, BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS, THAT THE TRANSACTION OR ARRANGEMENT IS IN THE FOUNDATIONS BEST INTEREST, IS FOR THE FOUNDATIONS BENEFIT, AND IS FAIR AND REASONABLE TO THE FOUNDATION. THE BOARD MAY ENGAGE SUCH CONSULTANTS AS IT DEEMS NECESSARY OR USEFUL TO ASSIST ITS DETERMINATION OF THESE ISSUES. 5. RECORD OF PROCEEDINGS: WHENEVER THE BOARD HOLDS A MEETING AT WHICH A DIRECTORS FINANCIAL INTEREST IN A MATTER IS DISCLOSED, A DETERMINATION REGARDING THE EXISTENCE OF A CONFLICT OF INTEREST IS MADE, OR A TRANSACTION OR ARRANGEMENT WITH RESPECT TO WHICH A DIRECTOR HAS A CONFLICT OF INTEREST IS CONSIDERED, THE BOARDS CONSIDERATION OF THESE ISSUES SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. Governing documents etc available to public Part VI line 19 FORM 990, PART VI, SECTION C, LINE 19: THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, TAX RETURNS, AND OTHER INFORMATION AVAILABLE TO THE PUBLIC UPON REQUEST. NORMALLY, THE FOUNDATION EMAILS THE INFORMATION TO THE PERSON OR ORGANIZATION REQUESTING IT. THE INFORMATION MAY BE VIEWED IN THE FOUNDATION OFFICES OR MAILED, IF PREFERRED BY THE REQUESTING PARTIES. Explanation of other changes in net assets or fund balances Part XI line 9 CHANGE IN VALUE Part III response or note to any other line in Part III FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: SCHOLARSHIPS ARE A KEY WAY THE FOUNDATION ACCOMPLISHES THIS AND, AS SUCH, REMAINS THE FOUNDATIONS NUMBER-ONE FUNDRAISING PRIORITY. THE POLK STATE COLLEGE FOUNDATION IS GOVERNED BY A BOARD OF DIRECTORS COMPRISED OF COMMUNITY LEADERS, AS WELL AS A STRONG MANAGEMENT TEAM TO ENSURE THAT DONATIONS ARE WISELY MANAGED AND LEVERAGED TO MAXIMIZE THE BENEFIT TO THE STUDENTS. GIFTS AT EVERY LEVEL ARE APPRECIATED AND TRULY MAKE A DIFFERENCE IN THE LIVES OF POLK STATE STUDENTS. SOME STUDENTS, INDEED, NEED HELP PAYING FOR THE MAJORITY OF THEIR TUITION, WHILE OTHERS SIMPLY NEED HELP WITH THE COST OF A BOOK TO BE ABLE TO AFFORD TAKING A CLASS AT POLK. FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: POLK STATE COLLEGE HAS BEEN FURTHER STRENGTHENED BY DONOR CONTRIBUTIONS TO THE FOUNDATION FOR FACILITIES, EQUIPMENT, PROGRAMS AND TECHNOLOGY. Part VI response or note to any other line in Part VI FORM 990, PART VI, SECTION A, LINE 1A:THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE OFFICERS OF THE BOARD, THE REPRESENTATIVE OF THE DISTRICT BOARD OF TRUSTEES, AND THE PRESIDENT OF THE COLLEGE (OR THE PRESIDENTS DESIGNEE). THE CHAIR OF THE BOARD SHALL BE CHAIR OF THE EXECUTIVE COMMITTEE. A MAJORITY OF THE EXECUTIVE COMMITTEE PRESENT AT A MEETING SHALL CONSTITUTE A QUORUM FOR THE TRANSACTION OF ANY BUSINESS THAT MAY COME BEFORE THEM. ALL RESOLUTIONS SHALL BE DETERMINED BY A MAJORITY VOTE. THE EXECUTIVE COMMITTEE SHALL MEET AT THE CALL OF THE CHAIR OF THE BOARD. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL POWERS AND AUTHORITY OF THE BOARD SUBJECT ONLY TO THE RESTRICTIONS OR LIMITATIONS SPECIFIED BY THE BYLAWS; HOWEVER, THE EXECUTIVE COMMITTEE SHALL NOT HAVE THE AUTHORITY TO ALTER, AMEND, OR REPEAL THE BYLAWS OR TO SUSPEND OR TERMINATE THE MEMBERSHIP OF ANY DIRECTORS. Part XI response or note to any line in Part XI FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS:UNCOLLECTIBLE PLEDGES: _______________________