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 1A | ARTICLE VI FRATERNITY COUNCIL: THE ADMINISTRATION OF THE AFFAIRS OF THE FRATERNITY SHALL BE VESTED IN THE TRUSTEES KNOWN AS THE FRATERNITY COUNCIL, WHO ARE ELECTED OFFICERS OF THE FRATERNITY. IN THE INTERIM BETWEEN GENERAL CONVENTIONS, FRATERNITY BUSINESS AND PROPERTY SHALL BE MANAGED BY OR UNDER THE DIRECTION OF THE FRATERNITY COUNCIL, EXCEPT WHERE THE LAW, THE FRATERNITY ARTICLES OF INCORPORATION, BYLAWS OR STANDING RULES REQUIRE THAT AN ACTION BE AUTHORIZED BY THE GENERAL CONVENTION. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE FRATERNITY HAS A TOTAL MEMBERSHIP OF MORE THAN 320,927 WOMEN INITIATED SINCE ITS FOUNDING, WITH 139 ACTIVE COLLEGIATE CHAPTERS IN THE UNITED STATES AND CANADA AND MORE THAN 226 ALUMNAE ASSOCIATIONS WORLDWIDE. ELECTIONS ARE HELD ANNUALLY IN THE SPRING, WITH THE COUNCIL/DISTRICT DIRECTORS INSTALLED AT THE FOLLOWING CONVENTION. |
| FORM 990, PART VI, SECTION A, LINE 7A | SEE NARRATIVE FOR PART VI, SECTION A, LINE 6. |
| FORM 990, PART VI, SECTION A, LINE 7B | SEE NARRATIVE FOR PART VI, SECTION A, LINE 6. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE 990 IS REVIEWED BY MANAGEMENT AND BY COUNCIL. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE FRATERNITY COUNCIL, FRATERNITY FINANCE COMMITTEE MEMBERS, MANAGERS AND OFFICERS REVIEW THE CONFLICT OF INTEREST POLICY ANNUALLY. EACH COUNCIL MEMBER, FINANCE COMMITTEE MEMBER, MANAGER AND OFFICER INDICATES WHETHER THERE ARE ANY CONFLICTS AND THESE CONFLICTS ARE REVIEWED BY THE COUNCIL. IF ANY CONFLICTS EXIST, THAT INDIVIDUAL DOES NOT PARTICIPATE IN THE DECISION INVOLVING THE RELATED PARTY. |
| FORM 990, PART VI, SECTION B, LINE 15 | IN FY 2022, THE ORGANIZATION REVIEWED AND APPROVED THE EXECUTIVE DIRECTOR'S COMPENSATION UTILIZING SALARY SURVEYS THAT INCLUDED SIMILAR ORGANIZATIONS IN THEIR DELIBERATION PROCESS. THE ORGANIZATION DOES NOT HAVE ANY OTHER OFFICERS OR KEY EMPLOYEES. THEREFORE, LINE 15B HAS BEEN ANSWERED "NO" PER THE FORM 990 INSTRUCTIONS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2022. |
| FORM 990, PART VI, SECTION C, LINE 18 | THE 990, AUDITED FINANCIAL STATEMENTS AND OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST AND AFTER THE BOARD OF TRUSTEES HAVE REVIEWED THE REQUEST FOR APPROVAL. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS MAY BE MADE AVAILABLE UPON REQUEST AND AFTER COUNCIL APPROVAL. |
| FORM 990, PART XI, LINE 9: | ADOPTION OF ASC 842 - DEFERRED RENT 371,312. |
| FORM 990 PART XI LINE 9 | THE ORGANIZATION PREVIOUSLY HAD DEFERRED RENT FROM INITIAL ABATED COSTS THAT WAS RECOGNIZED INTO RETAINED EARNINGS FOR $371,312. |
| FORM 990, PART XII, LINE 2C: | THE FINANCIAL STATEMENTS WERE INDEPENDENTLY AUDITED BY CLIFTONLARSONALLEN, LLP. |
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