2026-03-02T20:53:29-06:00 2025-06-30 473535842 DAVIS FARR LLP 18201 VON KARMAN AVE SUITE 1100 IRVINE CA 92612 990 2024-07-01 455191270 DISCOVERY SCIENCE CENTER OF LOS ANGELES DISC 7149135022 11800 FOOTHILL BLVD SYLMAR CA 91342 NANCEE CHRISTIANSON CFO 7149135022 2026-03-02 1 1 JENNIFER FARR P00743254 9494742020 2024 2025-03-06 01:10:19Z NANCEE CHRISTIANSON 11800 FOOTHILL BLVD SYLMAR CA 91342 10109926 0 X WWW.DISCOVERYCUBE.ORG X 2012 CA TO INSPIRE AND EDUCATE YOUNG MINDS THROUGH ENGAGING SCIENCE BASED PROGRAMS AND EXHIBITS. 17 16 104 173 0 0 3594174 6985321 2192610 2258633 102630 43220 420644 86843 6310058 9374017 0 0 0 0 4527552 4439075 0 0 344221 2887674 3564279 7415226 8003354 -1105168 1370663 18316197 20517968 2727700 3558808 15588497 16959160 WE INSPIRE AND EDUCATE YOUNG MINDS THROUGH ENGAGING SCIENCE-BASED PROGRAMS AND EXHIBITS TO CREATE A MEANINGFUL IMPACT ON THE COMMUNITIES WE SERVE. 0 0 5438328 1303149 DISCOVERY SCIENCE CENTER - TO PROVIDE A WORLD CLASS, HANDS-ON EDUCATIONAL SCIENCE CENTER DESIGNED TO INSPIRE A FASCINATION WITH SCIENCE AND MATH AND LAY A FOUNDATION FOR FUTURE ACHIEVEMENT IN THESE AREAS. 881796 340713 EDUCATION OUTREACH - OUR GOAL IS TO COMPLEMENT ELEMENTARY CURRICULUM WITH HANDS ON INSTRUCTION IN SCIENCE AND INSPIRE CHILDREN TO PURSUE FURTHER EDUCATION IN SCIENCE. THE EDUCATION DEPARTMENT SERVES OVER 350,000 CHILDREN IN THE ORANGE COUNTY, RIVERSIDE, SAN BERNADINO, SAN DIEGO, VENTURA, AND LOS ANGELES AREAS. DISCOVERY CUBE CONNECT - THE CUBE STUDIOS WAS CREATED TO VIRTUALIZE OUR INTERACTIVE EDUCATIONAL PROGRAMS AND PROVIDE IN CLASS AND AFTER SCHOOL PROGRAMMING THROUGH PARTNERSHIPS WITH SCHOOL DISTRICTS AND WATER AND WASTE AGENCIES. 614771 FIELD TRIPS TO DISCOVERY SCIENCE CENTER - PROVIDE SCIENCE FIELD TRIPS TO ALMOST 68,000 STUDENTS IN THE LOS ANGELES UNIFIED SCHOOL DISTRICT AND LOCAL PRIVATE SCHOOLS TO COMPLEMENT THE CALIFORNIA ELEMENTARY EDUCATION CURRICULUM. 6320124 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 44 0 104 1 0 0 0 0 0 0 0 0 0 0 X 17 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 CA X X THE ORGANIZATION 7149135022 2500 N MAIN STREET SANTA ANA CA 92705 JOE ADAMS CHIEF EXECUTIVE OFFICER 13.00 27.00 X X 243271 493913 24154 PEDRAM SALIMPOUR MD CHAIR 4.00 X X 0 0 0 THE HONORABLE WENDY GREUEL VICE CHAIR 0.50 X X 222330 0 0 TIM GASPAR SECRETARY 0.50 X X 0 0 0 CANISE ARRENDONDO TREASURER 1.00 X X 0 0 0 CHRISTINE SARKISSOF MEMBER 1.00 X 0 0 0 KELLY CHEESEMAN MEMBER 1.00 X 0 0 0 JENNIFER POPE MEMBER 0.50 X 0 0 0 MELANIE COTO MEMBER 0.50 X 0 0 0 JENNIFER GARCIA MEMBER 0.50 X 0 0 0 SARAH PATTERSON MEMBER 0.50 X 0 0 0 ANTHONY MUELLER MEMBER 0.50 X 0 0 0 RENEE VALDES MEMBER 0.50 X 0 0 0 JOHN WILMARTH MEMBER 0.50 X 0 0 0 KARA CORWIN MEMBER 0.50 X 0 0 0 BRANDON YOUNG MEMBER 0.50 X 0 0 0 BRIAN DIAMOND MEMBER 0.50 X 0 0 0 NANCEE CHRISTIANSON CHIEF FINANCIAL OFFICER 13.00 27.00 X 98482 199946 20660 LACY WHITE CHIEF OF STAFF 13.00 27.00 X 83962 170468 8148 TINA ROLEWICZ VICE PRESIDENT OF EDUCATIO 13.00 27.00 X 68140 138344 20825 ROXANNE GONZALES VICE PRESIDENT, EXHIBITS A 13.00 27.00 X 63509 128942 4752 ANA M LAUNES VICE PRESIDENT, STRATEGIC 13.00 27.00 X 50164 101848 19142 WHYTE CHERIE RAYA VICE PRESIDENT OF HUMAN RE 13.00 27.00 X 61620 125106 14606 LUIS M ALMONTE EXECUTIVE DIRECTOR LOS ANG 40.00 X 232575 0 9655 1124053 1358567 121942 3 0 1 0 THE HONORABLE WENDY GRUEL 4804 LAUREL CANYON BLVD 749 STUDIO CITY CA 91607 MANAGEMENT CONSULTING SERVICES 222330 PEBBLE BEACH RESORTS PO BOX 1522 PEBBLE BEACH CA 93953 GOLF EVENT 144032 2 489960 716470 4335734 1443157 6985321 ADMISSIONS 900099 1303149 1303149 FIELD TRIPS & OTHER EVENTS 900099 955484 955484 2258633 43220 43220 3000 0 3000 3000 3000 153451 716470 399790 -246339 -246339 603292 336119 267173 267173 MISC REVENUE 900099 63009 63009 63009 9374017 2591815 0 -203119 454870 277912 107141 69817 3311761 2667674 550649 93438 20129 15928 3245 956 459338 360926 79567 18845 192977 150998 33659 8320 14068 172 9520 4376 293635 3594 198703 91338 338646 25152 308109 5385 526 182 344 381027 366249 7103 7675 2525 1287 1238 4563 3044 1519 43606 41915 813 878 1137624 1093500 21209 22915 EXHIBITS & PROGRAM EXPE 917411 916966 445 SUPPLIES, MATERIALS, & 230479 202220 12013 16246 OTHER 200169 192405 3732 4032 8003354 6320124 1339009 344221 2608908 2932822 457820 231480 80359 218057 60737 73239 337853 359359 41139237 24436226 14770520 16703011 18316197 20517968 665901 1085350 357655 1016284 1704144 1457174 2727700 3558808 X 15130677 16727680 457820 231480 15588497 16959160 18316197 20517968 1370663 0 X X 0 1 X 1 0 X 2385336 6231618 6960963 3594174 6985321 26157412 67505 571517 1565377 2485640 2525806 7215845 2452841 6803135 8526340 6079814 9511127 33373257 65913 26500 224800 206400 95951 619564 20000 97500 122500 37660 1615951 1893611 85913 124000 347300 244060 1711902 2513175 30860082 34 10486 99054 46220 155794 34 10486 99054 46220 155794 6760 84423 58888 65133 63009 278213 2459601 6887592 8595714 6244001 9620356 33807264 0.91280 0.95540 0.00460 0.00380 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17949312 6844694 11104618 1203945 1042389 161556 21985980 16549143 5436837 16703011 DUE TO RELATED PARTY 957782 SBA LOAN 499392 1457174 X 9374017 0 9374017 0 9374017 8003354 0 8003354 0 8003354 PART X, LINE 2: THE ORGANIZATION HAS QUALIFIED FOR TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND SECTION 23701D OF THE REVENUE AND TAXATION CODE OF THE STATE OF CALIFORNIA AND, GENERALLY, IS SUBJECT TO STATE AND FEDERAL INCOME TAXES ON ANY NET INCOME THAT IS DERIVED FROM A TRADE OR BUSINESS, REGULARLY CARRIED ON, AND NOT IN FURTHERANCE OF THE PURPOSE FOR WHICH THE ORGANIZATION WAS GRANTED EXEMPTION. NO INCOME TAX PROVISION HAS BEEN RECORDED FROM ANY UNRELATED TRADE OR BUSINESS. IN THE OPINION OF MANAGEMENT, UNRELATED BUSINESS INCOME, IF ANY, IS NOT MATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. THE ORGANIZATION FOLLOWS THE PROVISIONS OF FASB ASC TOPIC 740, INCOME TAXES, WHICH PROVIDES STANDARDS FOR ESTABLISHING, CLASSIFYING, AND DISCLOSING ANY TAX PROVISION FOR UNCERTAIN TAX PROVISIONS. AS OF JUNE 30, 2025, THE ORGANIZATION HAS CONCLUDED THAT THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF TAX ASSETS OR LIABILITIES OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION HAS RECOGNIZED NO INTEREST OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS GALA 714680 637970 76710 4000 70724 33618 81555 CHAIRMAN'S CUP 155241 78500 76741 645 178901 30347 869921 716470 153451 4645 249625 33618 81555 30347 399790 -246339 X 0 0 0 0 0 0 0 0 0 JOE ADAMS CHIEF EXECUTIVE OFFICER 202793 411731 40478 82182 0 0 2737 5557 5234 10626 251242 510096 0 0 NANCEE CHRISTIANSON CHIEF FINANCIAL OFFICER 89527 181766 8955 18180 0 0 2740 5562 4078 8280 105300 213788 0 0 LACY WHITE CHIEF OF STAFF 75402 153090 8560 17378 0 0 2689 5459 0 0 86651 175927 0 0 LUIS M ALMONTE EXECUTIVE DIRECTOR LOS ANG 232575 0 0 0 0 0 0 0 9655 0 242230 0 0 0 TINA ROLEWICZ VICE PRESIDENT OF EDUCATIO 68140 138344 0 0 0 0 2506 5088 4366 8865 75012 152297 0 0 THE HONORABLE WENDY GREUEL VICE CHAIR 222330 0 0 0 0 0 0 0 0 0 222330 0 0 0 WHYTE CHERIE RAYA VICE PRESIDENT OF HUMAN RE 61620 125106 0 0 0 0 1126 2286 3694 7500 66440 134892 0 0 ROXANNE GONZALES VICE PRESIDENT, EXHIBITS A 63509 128942 0 0 0 0 1568 3184 0 0 65077 132126 0 0 ANA M LAUNES VICE PRESIDENT, STRATEGIC 50164 101848 0 0 0 0 2065 4192 4252 8633 56481 114673 0 0 PART I, LINE 3 COMPENSATION IS PAID BY DISCOVERY SCIENCE CENTER OF ORANGE COUNTY, A RELATED ORGANIZATION. SCHEDULE J, PART I, LINE 3 COMPENSATION BY THE RELATED ENTITY FOR ITS PRESIDENT AND VICE PRESIDENT OF FINANCE IS DETERMINED BY AN EXECUTIVE COMMITTEE COMPRISED OF BOARD MEMBERS OF THE RELATED PARTY. THE EXECUTIVE COMMITTEE MEETS ANNUALLY TO REVIEW COMPENSATION OF THE PRESIDENT AND VICE PRESIDENT OF FINANCE. THE EXECUTIVE COMMITTEE USES COMPARABILITY DATA IN DETERMINING COMPENSATION AS WELL AS TAKE INTO CONSIDERATION THE FINANCIAL AND OPERATING PERFORMANCE OF THE RELATED PARTY. COMPENSATION BY THE RELATED PARTY FOR OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE RELATED PARTY'S PRESIDENT AND VICE PRESIDENT OF FINANCE. THE RELATED PARTY'S PRESIDENT AND VICE PRESIDENT OF FINANCE MEET ANNUALLY TO DETERMINE COMPENSATION OF OTHER OFFICERS AND EMPLOYEES IN A MANNER SIMILAR TO THAT OF THE EXECUTIVE COMMITTEE DISCUSSED ABOVE. SCHEDULE J, PART II WE HAVE A SHARED SERVICE ARRANGEMENT BETWEEN DSCOC AND DSCLA AND MANY OF OUR SENIOR EXECUTIVES AND KEY EMPLOYEES, INCLUDING OUR CEO, MANAGE BOTH ENTITIES. USING AN ESTIMATE BASED ON ACTUAL TIME SPENT IN SUPPORT OF A LOCATION, 33% OF THE CEO'S REPORTED BASE COMPENSATION, INCLUDING SOME BENEFITS IN 2023 ON HIS W-2, WERE PAID BY DSCLA AND REPORTED IN THESE FINANCIAL STATEMENTS. THE HONORABLE WENDY GREUEL MEMBER OF THE BOARD 240330 CONSULTING SERVICES PROVIDED 0 FORM 990, PART VI, SECTION B, LINE 11B DSCLA'S TAX RETURNS ARE REVIEWED BY THE CFO PRIOR TO FILING. THE FORM 990 IS MADE AVAILABLE TO DSCLA'S BOARD OF DIRECTORS AND AUDIT COMMITTEE FOR THEIR REVIEW PRIOR TO FILING IF REQUESTED. FORM 990, PART VI, SECTION B, LINE 12C DISCOVERY CUBE LOS ANGELES (DCLA) CONFLICT OF INTEREST POLICY PURPOSE THE PURPOSE OF THE CONFLICT OF INTEREST POLICY IS TO PROTECT THE DISCOVERY CUBE LOS ANGELES' (DCLA) INTEREST WHEN IT IS CONTEMPLATING ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN OFFICER OR A MEMBER OF THE BOARD OF DIRECTORS (BOARD) OF DCLA OR MIGHT RESULT IN A POSSIBLE EXCESS BENEFIT TRANSACTION. THIS POLICY IS INTENDED TO SUPPLEMENT BUT NOT REPLACE ANY APPLICABLE STATE AND FEDERAL LAWS GOVERNING CONFLICT OF INTEREST APPLICABLE TO NONPROFIT AND CHARITABLE ORGANIZATIONS. DEFINITIONS 1. INTERESTED PERSON ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST, AS DEFINED BELOW, IS AN INTERESTED PERSON. NOTE: SECTION 5.02(C) OF THE DCLA BY-LAWS LIMITS THE NUMBER OF BOARD MEMBERS WHO ARE INTERESTED PERSONS TO BE NO MORE THAN FOUR OF THE PERSONS SERVING ON THE BOARD. 2. FINANCIAL INTEREST A PERSON HAS A FINANCIAL INTEREST IF THE PERSON HAS, DIRECTLY OR INDIRECTLY, THROUGH BUSINESS, INVESTMENT, OR FAMILY: AN OWNERSHIP OR INVESTMENT INTEREST IN ANY ENTITY WITH WHICH DCLA HAS ENTERED INTO A TRANSACTION OR ARRANGEMENT, A COMPENSATION ARRANGEMENT WITH DCLA OR WITH ANY ENTITY OR INDIVIDUAL WITH WHICH DCLA HAS ENTERED INTO A TRANSACTION OR ARRANGEMENT, OR A POTENTIAL OWNERSHIP OR INVESTMENT INTEREST IN, OR COMPENSATION ARRANGEMENT WITH, ANY ENTITY OR INDIVIDUAL WITH WHICH DCLA IS NEGOTIATING A TRANSACTION OR ARRANGEMENT. COMPENSATION INCLUDES DIRECT AND INDIRECT REMUNERATION AS WELL AS GIFTS OR FAVORS THAT ARE IN EXCESS OF $10,000 PER YEAR. DOES A FINANCIAL INTEREST BY AN INTERESTED PERSON AUTOMATICALLY CONSTITUTE A CONFLICT OF INTEREST? NO, A FINANCIAL INTEREST IS NOT NECESSARILY A CONFLICT OF INTEREST. A PERSON WHO HAS A FINANCIAL INTEREST MAY HAVE A CONFLICT OF INTEREST ONLY IF DCLA'S AUDIT COMMITTEE DECIDES THAT A CONFLICT OF INTEREST EXISTS. THE FOLLOWING ACTIVITIES ARE DEFINED BY DCLA TO BE POTENTIAL CONFLICTS OF INTEREST, BUT THAT CONFLICTS OF INTEREST ARE NOT LIMITED TO THE FOLLOWING SITUATIONS: WHERE A DIRECTOR MAKES A DECISION OR DOES AN ACT MOTIVATED BY OTHER OR ADDITIONAL CONSIDERATIONS THAN "THE BEST INTERESTS OF DCLA; WHERE A DIRECTOR PERSONALLY CONTRACTS WITH DCLA OR WHERE HE/SHE IS AN OWNER OR DIRECTOR OF AN ENTITY WHICH IS CONTRACTING WITH DCLA; WHERE A DIRECTOR LEARNS OF AN OPPORTUNITY FOR PROFIT THROUGH HIS INVOLVEMENT WITH DCLA, WHICH MAY BE VALUABLE TO HIM/HER PERSONALLY OR TO ANOTHER ORGANIZATION OF WHICH HE/SHE IS A MEMBER, OR TO OTHER PERSONS KNOWN TO THE DIRECTOR; WHERE A DIRECTOR, IN ANY CIRCUMSTANCE AS RELATED TO THE ORGANIZATION, PUTS HIS/HER PERSONAL INTERESTS AHEAD OF THE BEST INTERESTS OF DCLA; WHERE A VOTING MEMBER OF THE GOVERNING BOARD WHO RECEIVES COMPENSATION, DIRECTLY OR INDIRECTLY, FROM DCLA FOR SERVICES VOTES ON MATTERS PERTAINING TO THAT MEMBER'S COMPENSATION; WHERE A VOTING MEMBER OF ANY COMMITTEE WHOSE JURISDICTION INCLUDES COMPENSATION MATTERS AND WHO RECEIVES COMPENSATION, DIRECTLY OR INDIRECTLY, FROM DCLA FOR SERVICES VOTES ON MATTERS PERTAINING TO THAT MEMBER'S COMPENSATION; OR WHERE ANY VOTING MEMBER OF THE BOARD OR ANY COMMITTEE WHOSE JURISDICTION INCLUDES COMPENSATION MATTERS AND WHO RECEIVES COMPENSATION, DIRECTLY OR INDIRECTLY, FROM DCLA, EITHER INDIVIDUALLY OR COLLECTIVELY, PROVIDES INFORMATION TO ANY COMMITTEE REGARDING COMPENSATION. SECTION 5.02(C) OF THE DCLA BY-LAWS REQUIRES THAT ANY INTERESTED PERSON WHO RECEIVES MORE THAN $10,000 FROM DCLA (ETHER PURSUANT TO A CONTRACTUAL RELATIONSHIP OR IN THE FORM OF COMPENSATION) SHALL REQUIRE THE APPROVAL OF THE EXECUTIVE COMMITTEE OF THE BOARD. HOWEVER, ANY VIOLATION OF THE PROVISIONS OF THIS PARAGRAPH SHALL NOT AFFECT THE VALIDITY OR THE ENFORCEABILITY OF ANY TRANSACTION ENTERED INTO BY THE CORPORATION. A DIRECTOR MAY NOT PARTICIPATE IN ANY VOTE ON ANY PROPOSED TRANSACTION WITH ANOTHER ORGANIZATION OR ENTITY OF WHICH SUCH DIRECTOR IS ALSO AN EMPLOYEE, PRINCIPAL OR DIRECTOR. PROCEDURES 1. DUTY TO DISCLOSE IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF THE DCLA AUDIT COMMITTEE WITH THE PROPOSED TRANSACTION OR ARRANGEMENT. A. DISCLOSURE INVOLVING DIRECTORS SHOULD BE MADE TO THE BOARD CHAIR, WHO SHALL BRING THESE MATTERS, IF MATERIAL, TO THE BOARD. B. DISCLOSURE IN THE ORGANIZATION SHOULD BE MADE TO THE PRESIDENT (OR IF SHE OR HE IS THE ONE WITH THE CONFLICT, THEN TO THE BOARD CHAIR), WHO SHALL DETERMINE WHETHER A CONFLICT EXISTS AND IS MATERIAL, AND IF THE MATTERS ARE MATERIAL, BRING THEM TO THE ATTENTION OF THE BOARD CHAIR. 2. DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS AFTER DISCLOSURE OF THE INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE BOARD SHALL DETERMINE WHETHER A CONFLICT EXISTS AND IS MATERIAL, AND IN THE PRESENCE OF AN EXISTING MATERIAL CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO DCLA. 3. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE DCLA AUDIT COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE AUDIT COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE COMMITTEE SHALL DETERMINE WHETHER DCLA CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT NOT PRODUCING A CONFLICT OF INTEREST IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES, THE COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN DCLA'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. THE DECISION OF THE BOARD ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION, AND THEIR CONCERN MUST BE THE WELFARE OF DCLA AND THE ADVANCEMENT OF ITS PURPOSE AND WILL BE DOCUMENTED IN THE MINUTES. 4. VIOLATIONS OF THE CONFLICTS OF INTEREST POLICY IF THE COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. 5. RECORDS OF PROCEEDINGS THE MINUTES OF THE DCLA BOARD AND ALL COMMITTEES WITH BOARD DELEGATED POWERS SHALL CONTAIN: THE NAMES OF THE PERSONS WHO DISCLOSED OR OTHERWISE WERE FOUND TO HAVE A FINANCIAL INTEREST IN CONNECTION WITH AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE NATURE OF THE FINANCIAL INTEREST, ANY ACTION TAKEN TO DETERMINE WHETHER A CONFLICT OF INTEREST WAS PRESENT, AND THE DCLA BOARD'S OR COMMITTEE'S DECISION AS TO WHETHER A CONFLICT OF INTEREST IN FACT EXISTED. THE NAMES OF THE PERSONS WHO WERE PRESENT FOR DISCUSSIONS AND VOTES RELATING TO THE TRANSACTION OR ARRANGEMENT, THE CONTENT OF THE DISCUSSION, INCLUDING ANY ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT, AND A RECORD OF ANY VOTES TAKEN IN CONNECTION WITH THE PROCEEDINGS. 6. ANNUAL DISCLOSURE STATEMENTS EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS DCLA IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. SECTION 9.04 OF THE DSCLA BYLAWS REQUIRES THE FOLLOWING DISCLOSURES OF TRANSACTIONS WITH INTERESTED PERSONS TO BE PROVIDED TO EACH BOARD MEMBER WITHIN 120 DAYS OF DSCLA'S FISCAL YEAR END: A. ANY TRANSACTION(S) TO WHICH DSCLA WAS A PARTY, AND IN WHICH ANY DIRECTOR OR OFFICER OF DSCLA HAD DIRECT OR INDIRECT MATERIAL FINANCIAL INTEREST, IF SUCH TRANSACTION(S) INVOLVED OVER $50,000. FORM 990, PART VI, SECTION C, LINE 19 DSCLA MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC IN THE SAME FASHION AS IT MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC, UPON REQUEST. FORM 990 PART XII LINE 2C THE AUDIT OVERSIGHT PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. DISCOVERY SCIENCE CENTER OF ORANGE COUNTY 2500 N MAIN STREET SANTA ANA CA 92705 330828380 EDUCATION CA 501(C)(3) LINE 7 0 DISCOVERY SCIENCE CENTER LEVERAGE LENDER LLC 2500 N MAIN STREET SANTA ANA CA 92705 330828380 NMTC CA DISCOVERY SCIENCE CENTER OF ORANGE COUNTY INVESTMENT 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 DISCOVERY SCIENCE CENTER OF ORANGE COUNTY E 766967 BOOK DISCOVERY SCIENCE CENTER OF ORANGE COUNTY P 190815 BOOK