Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | THE BYLAWS OF THE CORPORATION WERE AMENDED TO CHANGE THE FOLLOWING: 1. MEMBERS - THE CORPORATION SHALL HAVE ONE VOTING MEMBER, WHICH SHALL BE ALPHA GAMMA DELTA FRATERNITY HOUSING CORPORATION. THE VOTING MEMBER SHALL EXERCISE ITS MEMBERSHIP RIGHTS THROUGH ITS BOARD OF DIRECTORS, EXCEPT AS OTHERWISE PROVIDED IN THE BYLAWS, ARTICLES OF INCORPORATION, OR THE BYLAWS OF THE VOTING MEMBER. 2. BOARD OF DIRECTORS - THE AFFAIRS OF THE CORPORATION SHALL BE MANAGED, CONTROLLED, AND CONDUCTED BY, AND UNDER THE SUPERVISION OF, THE BOARD OF DIRECTORS, SUBJECT TO THE PROVISIONS OF THE ARTICLES OF INCORPORATION, THE BYLAWS, THE CONSTITUTION, STANDING RULES AND POLICIES OF THE ALPHA GAMMA DELTA FRATERNITY, AND APPLICABLE LAW. THE BOARD OF DIRECTORS SHALL HAVE ELEVEN MEMBERS; PROVIDED HOWEVER, THAT AT ALL TIMES THE MAJORITY OF THE DIRECTORS SHALL BE APPOINTED BY THE VOTING MEMBER. OF THE TOTAL NUMBER OF DIRECTORS, THE BOARD OF DIRECTORS SHALL HAVE SEVEN APPOINTED DIRECTORS WHO SHALL BE MEMBERS OF ALPHA GAMMA DELTA FRATERNITY WHO ARE IN GOOD STANDING. IN ADDITION, THE BOARD OF DIRECTORS SHALL HAVE FOUR VOTING MEMBERS WHO SHALL SERVE BY VIRTUE OF THEIR POSITION. 3. VOTING - EACH DIRECTOR PRESENT AT A BOARD MEETING SHALL BE ENTITLED TO ONE VOTE ON EACH QUESTION THAT COMES BEFORE A MEETING OF THE DIRECTORS. THE ACT OF A MAJORITY OF THE VOTING DIRECTORS PRESENT AT A MEETING AT WHICH A QUORUM IS PRESENT SHALL BE THE ACT OF THE BOARD OF DIRECTORS. 4. NET INCOME - ALL INCOME THAT THE CORPORATION COLLECTS FROM PROPERTY THAT IT OWNS SHALL BE TRANSFERRED TO THE VOTING MEMBER, AN ORGANIZATION DESCRIBED IN CODE SECTION 501(C)(7). |
| FORM 990, PART VI, SECTION A, LINE 7A | THE BOARD OF DIRECTORS OF ALPHA GAMMA DELTA FRATERNITY, ALSO KNOWN AS ITS INTERNATIONAL COUNCIL, SHALL ELECT THE DIRECTORS OF THE CORPORATION BY MAJORITY VOTE OF THE INTERNATIONAL COUNCIL. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE BOARD OF DIRECTORS ARE PROVIDED WITH A COPY OF THE FORM 990 TO REVIEW PRIOR TO FILING THE RETURN. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND TAX RETURNS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | CAPITAL DISTRIBUTION -2,363,119. RESTATEMENT OF NET ASSETS -182,669. |
| FORM 990, PART XII, LINE 2C: | THE ORGANIZATION'S BOARD OF DIRECTORS IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT PROCESS AS WELL AS SELECTION OF AN INDEPENDENT ACCOUNTANT |
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