University of Massachusetts Amherst Alumni Association Inc

“The members of the executive committee can act on behalf of the board members in between meetings.”

“All alumni are considered general members of the alumni association. Sustaining, life and legacy membership levels are also available to alumni based on the cumulative total of their membership investments.”

“Sustaining members in good standing, and life members and legacy members of the alumni association are entitled to vote on any matter or to serve on the board of directors. A sustaining member is in good standing when said member has paid all required dues on a current annual basis as defined by the board.”

“The audit committee reviews and approves the form 990 and distributes this to the board of directors for consideration prior to the filing date. Directors are afforded an opportunity within a set timeframe to address any questions they have on the form 990 to the audit committee.”

“Annually, the president of the association or his/her designee sends to all directors a copy of the conflict of interest policy, along with a conflict of interest disclosure statement to be completed and returned. The disclosure statement says that the person signing: a. Has received a copy of the conflict of interest policy; b. Has read and understands the policy; c. Has agreed to comply with the policy; and d. Understands that the association is a chartiable organization and in order to maintain its federal tax exemption it must engage primary in activities which accomplish one or more of its tax-exempt purposes. Receipts of all signed statements are tracked by staff member and president follows up on any statements that are missing.”

“As of 4/30/23, the executive director and other key employees of the alumni association were employed by the university of massachusetts amherst foundation, inc. (umaf). Prior to this date, these individuals were employed by the university of massachusetts amherst. Umaf,as a supporting organization to the university of massachusetts amherst, follows the university's compensation guidelines which includes using comparability data of similar educational organizations.”

“The alumni association's governing documents are available online through our website and the secretary of the commonwealth's website. The conflict of interest policy and financial statements are available to the public by request.”

“The interim executive director's salary was paid by an unrelated tax exempt organization. The compensation and benefits included in part vii reflect her entire w-2 compensation of which only 15% represents her time spent on the university of massachusetts alumni association.”

“The organization's finance and audit committee is responsible for the oversight of the annual audit and the selection of the independent auditor. These processes have not changed during the tax year.”