Autm Foundation

“The organization has delegated control over management duties customarily performed by or under the direct supervision of officers, directors, or trustees to kelly markey of kelmar group consulting, inc. The organization has a signed consulting agreement to this effect.”

“The organization was founded in 2007 but had little to no activity for the past several years. The bylaws were rewritten in 2016 to provide more detail on the governance structure.”

“The organization's bylaws provide that two directors are to be appointed by the board of directors of the association of university technology managers, a related organization.”

“The organization does not have any committees with authority to act on behalf of the governing body.”

“A completed copy of form 990 will be reviewed by the treasurer. A copy will also be distributed for review to each of the board members.”

“Compensation was reviewed and approved by the autm association board (a related party).”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Management and consulting: program service expenses 32,095. Management and general expenses 35,081. Fundraising expenses 27,510. Total expenses 94,686.”

“The following changes were made to the amended return: - part iv-line 17, part ix-line 11e and schedule g part i - the organization determined there were no fees paid to a professional fundraiser, rather the fees were for consulting services related to fundraising. Therefore, the $24,000 consulting fees were moved from column d, line 11e to column d, line 11g. In addition, schedule g was no longer required to be filed.”