FORM 990, PART VI, SECTION B, LINE 11B |
THE WVUP FOUNDATION TREASURER REVIEWS THE INFORMATION INCLUDED IN FORM 990 FOR ACCURACY. UPON COMPLETION OF THE REVIEW, THE TREASURER OR OTHER APPOINTED OFFICER SIGNS THE FORM 990 AND SUBMITS IT TO THE INTERNAL REVENUE SERVICE. PRIOR TO SUBMISSION, THE TREASURER CONTACTS THE PREPARER WITH ANY QUESTIONS OR CONCERNS IDENTIFIED DURING THEIR REVIEW. |
FORM 990, PART VI, SECTION B, LINE 11B |
THE ORGANIZATION'S 990 IS PREPARED BY A CPA FIRM. THE PRESIDENT & CEO REVIEWS THE RETURN BEFORE SIGNING AND SUBMITTING THE 990. |
FORM 990, PART VI, SECTION B, LINE 12C |
ANNUALLY, THE BOARD OF DIRECTORS DISTRIBUTES AND DISCUSSES ITS CONFLICT OF INTEREST POLICY. BOARD MEMBERS AND EMPLOYEES ARE REQUIRED TO ACKNOWLEDGE THEIR RECEIPT AND UNDERSTANDING OF THE POLICY AND THEIR RESPONSIBILITY FOR NOTIFYING THE BOARD IF A CONFLICT WERE TO ARISE. ANY BOARD MEMBER WHO HAS A CONFLICT OF INTEREST IS REQUIRED TO RECUSE THEMSELVES FROM ANY VOTES REGARDING SUCH ISSUES. |
FORM 990, PART VI, SECTION B, LINE 15 |
ANNUALLY, THE BOARD OF DIRECTORS CONSIDERS THE SALARY PAID TO ITS EXECUTIVE DIRECTOR. WHEN CONSIDERING THE SALARY, THE BOARD UTILIZES ITS AFFILIATION WITH WEST VIRGINIA UNIVERSITY AND OTHER STATE UNIVERSITIES BY SURVEYING THE SALARIES PAID TO THEIR FOUNDATION EXECUTIVES. THESE FACTORS PLUS THE FINANCIAL STABILITY OF WVU AT PARKERSBURG FOUNDATION ARE CONSIDERED IN SETTING THE EXECUTIVE DIRECTOR'S SALARY. |
FORM 990, PART VI, SECTION C, LINE 18 |
COPIES OF THE WVU-P FOUNDATION'S POLICIES ARE MAINTAINED IN THE FOUNDATION'S ADMINISTRATIVE OFFICES AND ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AS REQUIRED BY THE IRC REGULATIONS. |
FORM 990, PART VI, SECTION C, LINE 19 |
COPIES OF THE WVU-P FOUNDATION'S POLICIES ARE MAINTAINED IN THE FOUNDATION'S ADMINISTRATIVE OFFICES AND ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AS REQUIRED BY THE IRC REGULATIONS. |
FORM 990, PART XI, LINE 2C |
THE ORGANIZATION DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR FOR THE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. |