Stadium Managers Scholarship Foundation

“The organization has a contract with diversified management services, inc. For management services, including supervising, planning and executing the financial operations and exempt functions of the organization. Diversified management services, inc. Employs jeana schultz, who is the executive director for stadium managers scholarship foundation. For calendar year 2024, jeana's portion of compensation and benefits from diversified management services, inc. That related to her services for stadium managers scholarship foundation totaled 2,503.”

“During the year, the foundation amended its bylaws for the following significant items: - revised the number of directors to be not fewer than one nor more than seven and that each director shall hold office for a term of three (3) years. Following the initial three (3) year term, a director may be elected for a subsequent term of one (1), two (2), or three (3) years. - changed the president's ex-officio position to that of a voting director. - upon expiration of the president's term, the past president shall be a voting member of the board for one year after their term as president. - clarified that the secretary and treasurer positions are two separate positions but may be held by the same person.”

“The form 990 is presented at a board meeting for the board to review and approve.”

“Any member of the sma foundation board, any committee or staff who is an officer, board member, a committee member or staff member of any other related organization shall disclose to the sma foundation any personal interest that he or she may have in any matter pending before the sma foundation and shall refrain from participation in any decision on such matter. The decision on any potential conflicts of interest must be made and/or ratified by the full board. All board members, committee members, or staff must complete and sign a conflict of interest statement annually.”

“The organization provides the bylaws, articles of incorporation, and financial statements upon request. These documents are available for the same period of time as described in internal revenue code section 6104(d) for other public disclosure documents.”

“Provide financial assistance (scholarship grants) to persons pursuing undergraduate and graduate studies at an accredited college or university that will prepare them for a career in the stadium management industry or related fields. The scholarship foundation will provide this assistance to individuals who demonstrate academic ability, industry experience, community service participation, and financial need.”