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 1 | THE EXECUTIVE COMMITTEE IS AUTHORIZED TO CONDUCT ASSOCIATION BUSINESS AS NEEDED. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE ALUMNI ASSOCIATION EXECUTIVE DIRECTOR IN CONJUNCTION WITH THE FOUNDATION'S ACCOUNTING STAFF REVIEWS THE FORM 990 IN DETAIL BEFORE IT IS FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12 | A CONFLICT OF INTEREST ARISES IN ANY SITUATION IN WHICH A MEMBER OF THE BOARD AND HIS OR HER IMMEDIATE FAMILY IS INVOLVED IN A FINANCIAL OR BUSINESS, AND/OR RELATIONSHIP WHICH COULD ADVERSELY AFFECT HIS OR HER JUDGMENT WITH RESPECT TO THE BUSINESS OF THE ASSOCIATION, OR OTHERWISE DIMINISH THE INTEREST OF THE ASSOCIATION. WHEN SUCH A CONFLICT ARISES, THE INDIVIDUAL WITH THE CONFLICT IS EXPECTED TO DISCLOSE IN WRITING THE EXISTENCE OF THE CONFLICT PRIOR TO MAKING OR PARTICIPATING IN ANY BOARD DECISION INVOLVING THE SITUATION IN WHICH THE CONFLICT OF INTEREST EXISTS. THE EXECUTIVE COMMITTEE OF THE BOARD WILL REVIEW THE WRITTEN DISCLOSURE AND DECIDE WHETHER SUCH A CONFLICT DISQUALIFIES THE INDIVIDUAL FROM FURTHER PARTICIPATION IN THE SITUATION. IN MOST INSTANCES, IT IS ANTICIPATED THAT THE DISCLOSURE ITSELF, ALONG WITH NONPARTICIPATION IN ANY DISCUSSION OR DECISION WITH RESPECT TO A CONFLICT OF INTEREST, WILL BE SUFFICIENT. EACH SITUATION WILL BE HANDLED ON A CONFIDENTIAL BASIS. DISCUSSION AND DELIBERATION ARE DOCUMENTED IN THE BOARD MINUTES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS FINANCIAL STATEMENT AND GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
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