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 6 | MEMBERSHIP CONSISTS OF MALES REGISTERED IN ANY COLLEGE OR UNIVERSITY, WITH A CHAPTER OF THE FRATERNITY. ALUMNI MEMBERS MEMBERS OF THE FRATERNITY WHO ARE NOT ACTIVE MEMBERS OF AN UNDERGRADUATE CHAPTER AND ARE BONA FIDE RESIDENTS OF LOCALITIES IN WHICH AN ALUMNI CHAPTER IS LOCATED. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. MANAGEMENT REVIEWS A DRAFT OF THE AUDIT PRIOR TO SHARING WITH THE AUDIT COMMITTEE OF THE FRATERNITY. THE AUDIT COMMITTEE REVIEWS AND MAKES RECOMMENDATIONS TO THE BOARD OF REGENTS FOR APPROVAL. THE BOARD OF REGENTS RECEIVES IT FOR REVIEW AND SUBSEQUENT APPROVAL. ONCE APPROVED BY THE BOARD OF REGENTS, STAFF WILL WORK WITH THE THIRD PARTY ACCOUNTING FIRM TO FILE THE RETURN. |
| FORM 990, PART VI, SECTION B, LINE 12C | EVERY BOARD MEMBER AND EVERY MANAGEMENT STAFF EMPLOYEE SIGNS A CONFLICT OF INTEREST STATEMENT AT A MINIMUM OF ONCE A YEAR. ALSO, WHEN A NEW BOARD MEMBER OR MANAGEMENT STAFF PERSON IS ADDED, THAT PERSON SIGNS A CONFLICT OF INTEREST STATEMENT. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE PRIMARY SOURCE OF COMPARATIVE COMPENSATION DATA COMES FROM THE ANNUAL ASSOCIATION COMPENSATION AND BENEFITS STUDY FROM THE AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES AND THE CENTER FOR ASSOCIATION LEADERSHIP. THE MEMBERS OF THE FRATERNITY'S EXECUTIVE COMMITTEE ALSO CONSULT WITH THEIR OWN EXPERIENCE WITHIN THEIR RESPECTIVE ORGANIZATIONS AND RELATED INDUSTRIES. THE EXECUTIVE COMMITTEE THEN DELIBERATES AND VOTES ON COMPENSATION TO BE PAID TO THE EXECUTIVE DIRECTOR. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS, POLICIES, FINANCIAL STATEMENTS AND 990/990-T/STATE INCOME TAX RETURNS ARE MADE AVAILABLE TO THE PERSON WHO REQUESTS THEM AS LONG AS THE REQUEST FOR COPIES IS A VALID AND REASONABLE REQUEST. ANY REQUEST THAT APPEARS TO BE, OR IS, HOSTILE IN NATURE IS DELAYED UNTIL ORGANIZATION MANAGEMENT AND/OR OFFICERS HAVE CONSULTED WITH LEGAL COUNSEL TO DETERMINE THE ACTION TO TAKE. |
| FORM 990, PART XII, LINE 2C: | THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
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