FORM 990 - ORGANIZATION'S MISSION |
TO FOSTER THE STUDY OF BUSINESS IN UNIVERSITIES, TO ENCOURAGE SCHOLARSHIP, SOCIAL ACTIVITY AND THE ASSOCIATION OF STUDENTS FOR THEIR MUTUAL ADVACEMENT BY RESEARCH AND PRACTICE. THE FRATERNITY ALSO PROMOTES A CLOSER AFFLIATION BETWEEN THE COMMERCIAL WORLD AND STUDENTS OF COMMERCE, AND TO FURTHER A HIGHER STANDARD OF COMMERCIAL ETHICS AND CULTURE AND THE CIVIC AND COMMERCIAL WELFARE OF THE COMMUNITY. |
FORM 990, PAGE 1, PART I, LINE 6 |
VOLUNTEERS PROVIDE ADVICE AND SUPPORT TO COLLEGIATE CHAPTERS, ALUMNI SUPPORT, CONTINUING EDUCATION AND HOLD SEMINARS AND CONFERENCES. |
FORM 990, PAGE 6, PART VI, LINE 6 |
GEOGRAPHICALLY BASED CHAPTERS SELECT MEMBERS FROM THOSE WHO EXPRESS INTEREST. ONCE INITIATED INTO ORGANIZATION, INDIVIDUALS ARE LIFETIME MEMBERS. |
FORM 990, PAGE 6, PART VI, LINE 7A |
COLLEGIATE AND ALUMNI CHAPTERS SELECT A REPRESENTAIVE TO THE GRAND CHAPTER, THE SUPREME GOVERNING BODY, WHICH SELECTS MEMBERS OF THE 10 PERSON BOARD OF DIRECTORS. |
FORM 990, PAGE 6, PART VI, LINE 7B |
THE ELECTED BOARD OF DIRECTORS MUST ACT WITHIN THE PARAMETERS OF BYLAWS AND MUST HAVE CERTAIN ACTS RATIFIED BY THE GRAND CHAPTER. |
FORM 990, PAGE 6, PART VI, LINE 11B |
THE ELECTED NATIONAL VICE PRESIDENT-FINANCE, CHAIR OF THE FINANCE COMMITTEE, REVIEWS THE FORM 990 PRIOR TO FILING. |
FORM 990, PAGE 6, PART VI, LINE 12C |
ANNUAL DISCLOSURE FORM MUST BE SUBMITTED AND SIGNED. THOSE NOTING CONFLICTS ARE COUNSELED ON APPROACH TO TAKE WITH CONFLICTING AREAS BY THE GRAND PRESIDENT. |
FORM 990, PAGE 6, PART VI, LINE 15A |
THE BOARD OF DIRECTORS ESTABLISHES AND REVIEWS COMPENSATION BY REFERENCING INDUSTRY-SPECIFIC AND GENERAL ASSOCIATION COMPARATIVE INFORMATION. |
FORM 990, PAGE 6, PART VI, LINE 19 |
THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC ON THE ORGANIZATION'S WEBSITE. FINANCIALS STATEMENTS ARE AVAILABLE ON REQUEST FROM THE NATIONAL HEADQUARTERS. |
FORM 990, PART XI, LINE 9 |
GAIN FROM REDUCTION IN DEFERRED COMP. PLAN LIAB. 90,307 |