FORM 990, PART VI, SECTION A, LINE 3 |
EFFECTIVE SEPTEMBER 1, 2013, THE ASSOCIATION BECAME A UNIVERSITY-AFFILIATED ORGANIZATION. ON AUGUST 27, 2013, THE ASSOCIATION AND THE UNIVERSITY (COLLECTIVELY, THE "PARTIES") SIGNED A SUPPORT ORGANIZATION AGREEMENT (THE "AGREEMENT"). THE AGREEMENT IS FOR A PERIOD OF FIVE YEARS, EFFECTIVE SEPTEMBER 1, 2013, AND DEFINES THE RELATIONSHIP BETWEEN THE PARTIES OVER THAT PERIOD. THE AGREEMENT MAY BE TERMINATED BY EITHER PARTY WITH 90 DAYS WRITTEN NOTICE. THE UNIVERSITY WILL OPERATE AND MANAGE THE ALUMNI RELATIONS PROGRAM AND THE ASSOCIATION WILL ACT AS AN ADVISORY BODY TO THE UNIVERSITY ON ALUMNI RELATIONS, PROVIDE MANPOWER FROM ALUMNI TO ADVANCE THE GENERAL WELFARE AND OBJECTIVES OF THE UNIVERSITY AND ITS ALUMNI, AND ACT AS A POLITICAL ADVOCATE ON BEHALF OF THE ALUMNI. THE ASSOCIATION WILL REMAIN A NONPROFIT, TAX-EXEMPT CORPORATION AND CONTINUE TO OVERSEE ITS CURRENT ENDOWMENTS. CONTROL AND DISPOSITION OF THE ASSOCIATION'S ASSETS WILL REMAIN WITH THE ASSOCIATION AND ITS BOARD OF DIRECTORS. DURING 2014, ALL EMPLOYEES OF THE ASSOCIATION BECAME EMPLOYEES OF THE UNIVERSITY. PERSONNEL SERVICES PROVIDED BY CERTAIN EMPLOYEES TO THE ASSOCIATION HAVE BEEN REFLECTED AS IN-KIND UNIVERSITY SERVICES ON THE AUDITED STATEMENT OF FUNCTIONAL EXPENSES, INCLUDING $35,599 OF COMPENSATION PAID TO MICHAEL L. PEDE, PRESIDENT AND CEO. |
FORM 990, PART VI, SECTION B, LINE 11 |
THE COMPLETED FORM 990 IS GIVEN TO THE EXECUTIVE COMMITTEE TO REVIEW ON BEHALF OF THE GOVERNING BODY PRIOR TO PROVIDING A COPY TO THE BOARD AND FILING WITH THE IRS. |
FORM 990, PART VI, SECTION B, LINE 12C |
BOARD MEMBERS ARE ANNUALLY ASKED TO DISCLOSE ANY POTENTIAL CONFLICTS AND THE CEO IS ASKED TO MONITOR THESE POTENTIAL CONFLICTS AND REPORT BACK TO THE BOARD. |
FORM 990, PART VI, SECTION B, LINE 15 |
EFFECTIVE SEPTEMBER 1, 2013, THE ASSOCIATION BECAME A UNIVERSITY-AFFILIATED ORGANIZATION. DURING 2014, ALL EMPLOYEES OF THE ASSOCIATION BECAME EMPLOYEES OF THE UNIVERSITY. PERSONNEL SERVICES PROVIDED BY CERTAIN EMPLOYEES TO THE ASSOCIATION HAVE BEEN REFLECTED AS IN-KIND UNIVERSITY SERVICES ON THE AUDITED STATEMENT OF FUNCTIONAL EXPENSES. |
FORM 990, PART VI, SECTION C, LINE 19 |
DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. |
FORM 990, PART IX, LINE 11G |
LEASED EMPLOYEE SERVICES: PROGRAM SERVICE EXPENSES 15,096. MANAGEMENT AND GENERAL EXPENSES 18,870. FUNDRAISING EXPENSES 3,774. TOTAL EXPENSES 37,740. CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 937. FUNDRAISING EXPENSES 72,332. TOTAL EXPENSES 73,269. |