Brooklyn College Auxiliary Enterprise Corporation

“The auxiliary's board of directors includes student representatives. Students attending brooklyn college elect the student representatives to sit on the board.”

“A thorough review is conducted by the college's audit committee on behalf of the board members and an electronic copy of the complete filing is made available to each currently active board member prior to filing.”

“A conflict of interest policy statement is completed annually by each director, officer, member of a committee with board delegated powers, and all other persons working on behalf of the corporation in positions of significant responsibility. If the board or committee has reasonable cause to believe a director, officer, committee member, or manager has failed to disclose one or more actual or possible conflicts of interest, it shall inform that individual of the basis for such belief and give him or her an opportunity to explain the alleged failure to disclose. If after hearing the explanation and after making further investigation as warranted by the circumstances, the board of committee decides that the director, officer, committee member, or manager has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“The auxiliary does not compensate any of the individuals reported in part vii of the form 990. All compensation is paid by a related organization, brooklyn college. The compensation of individuals running the auxiliary is set by the college itself and is established in conformity with compensation guidelines established by the city university of new york. These guidelines are compiled with by all the associations and auxiliaries supporting the various cuny colleges.”

“The auxiliary's form 990 is available upon request. The auxiliary's governing documents, policies and financial statements are not ordinarily available to the public but will be available upon request according to management's discretion.”

“Bad debts: program service expenses 0. Management and general expenses 50,000. Fundraising expenses 0. Total expenses 50,000. Special events: program service expenses 0. Management and general expenses 33,382. Fundraising expenses 0. Total expenses 33,382. Equipment: program service expenses 0. Management and general expenses 26,674. Fundraising expenses 0. Total expenses 26,674. Other exp: program service expenses 0. Management and general expenses 23,978. Fundraising expenses 0. Total expenses 23,978. Intercollege transfer: program service expenses 6,840. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,840. Maintenance: program service expenses 0. Management and general expenses 5,090. Fundraising expenses 0. Total expenses 5,090.”

“No changes have taken place during the fiscal year ended june 30, 2024.”