Who is on the Board of Governors?
The CaFFE officers and other current Board members are listed in the CaFFE Board file.
Who is on bank account?
- David Mullens, DPM, Esq, Chairman
Mel Barton, DPM, Treasurer
Randall J Sarte, DPM, FACFAS, Asst. Treasurer
Dr. Randy Sarte, CCPM 1972 Alum and Immediate Past-Chairman CaFFE, presents the 2010 CaFFE scholarship check for CSPM to Dr. Sharon Diaz, President Samuel Merritt University at the 2010 CPMA House of Delegates meeting.
How and who and when are contributions made to fund?
Contributions to CaFFE are credited to the various scholarship funds as requested by the contributors.
CaFFE then invests these contributions and from their earnings, distributes funds for scholarships from the various endowed scholarship funds. See letter to CSPM of distributions this past year of $42,000.00 plus matching grants of $22,000 from PMEAC.
Contributions are deductible for federal income tax purposes. The California Foundation for Excellence in Podiatric Medicine is tax exempt under Section 501(c)(3) of the Internal Revenue Code.
How is fund invested, type of accounts, interest bearing?
The money is invested by our broker at Stifel Nicolaus & Company, Inc with our recommendation of safety and return. See CaFFE Investment Policy in Members pages.
The account consists of bonds, stocks, mutual funds and money market. See brokerage account statements in Members pages.
Is everything current with IRS filings?
Yes. A copy of our 990 filing is available to our members on request. We are a 501©(3) corporation, registered in California.
Does our Foundation pay for bookkeeping services and 990 filings?
Yes.
Does the Foundation have insurance coverage for its officers?
Yes.