Sigma Alpha Mu Fraternity Inc

“Form 990, part vi, line 6 to be eligible for membership, a person has to be a male student who attends any university, college or professional school which has a local chapter of the fraternity, or any member of the teaching staff at such institution, provided further that such a student or member of the teaching staff is of good moral character, and respects the ideals and traditions of the fraternity. In addition, alumni of such institutions of learning are eligible for membership as provided per the organization's constitution. No member of any other social collegiate fraternity shall be eligible for membership in this fraternity, provided, however that this provision shall not be construed to limit the organization's constitution. There are three levels of membership: undergraduate fraters, alumni fraters, and faculty fraters. All undergraduate fraters shall consist of those fraters attending a college or university where there is located a chapter of the fraternity, and of graduate members attending a college or university where there is located a chapter of the fraternity, who have declared to the octagon their intention of continuing or of becoming members of the chapter there located. All undergrauate fraters attending an institution where there is a chapter of the fraternity are members of that chapter. Sufficient and proper grounds being presented to the octagon, any undergraduate member not otherwise entitiled to alumni status may, at the discretion of the octagon and with the consent of the chapter and chapter advisor, be transferred to alumni status. Inactive status in not recognized. The second level of membership is alumni fraters. Upon graduation or upon leaving college before graduation, an undergraduate frater shall automatically be transferred to alumni status. Upon returning to college where there is an established chapter, he becomes and remains an undergraduate frater until he obtains a degree. The third level of membership is facualty fraters. Facualty fraters shall consist of such duly elected members of the teaching staff at the institutuion at which a chapter is located as may possess the requisite qualifications for membership in the fraternity. A chapter may propose to the octagon candidates for admission into the fraternity as faculty fraters and that chapter, upon receiving permission from the octagon, may initiate such candidates on behalf of the octagon. Upon initiation, faculty fraters assume the status of alumni fraters.”

“Form 990, part vi, line 7a at the annual convention, members elect eight consuls which consist of seven alumni members and one young alumnus consul. The young alumus consul must have been a graduate of his host institution for at least one year, and fewer than five years. Each consul shall serve two year terms. The consuls are chosen from four candidates each year for two year terms, in alternating terms.”

“From 990, part vi, line 11b after receipt of the return, it will be forwarded electronically to board members and officers for their comments within ten days. The form 990 is prepared by an independent cpa firm. A draft of the 990 is forwarded to the organization for reivew by management. Then a copy of the form 990 is forwarded to the board for review before the return is filed.”

“Form 990, part vi, line 12c all officers and board members are required to sign an annual declaration of any conflicts of interest. Management monitors all transactions during the year and alerts the board of directors for their review and approval of any transactions that have a potential for a conflict of interest.”

“Form 990, part vi, line 15 the salary of the executive director is a decision made by the executive committee based on the organization's situation and salary comparability data. Other officers and other employees' salaries are approved by the executive committee based on recommendations of the executive director.”

“Form 990, part vi ,line 19 copies of governing documents, conflict of interest policy, and financial statements shall be made available, upon request, in a timely manner, and subject to the charges permitted by law, to any individuals who request it.”