Student Lodging Inc.

“Management of the organization was delegated to student services, inc.”

“The organization's bylaws were amended in the reporting year to change the makeup of the board. As a result, millersville university no longer controls the majority of the board members.”

“The 990 is prepared by an independent accounting firm and is reviewed by the chief executive officer and the finance committee before it is filed. A copy of the 990 is also distributed via email to the board of directors for review.”

“Student lodging does not have any employees. However, all board members are monitored by human resources and the personnel committee.”

“At this time, the organization has no paid employees. However, the policy in place for any future paid employees includes recommendations for compensation to top management and key employees being submitted to the finance committee and the finance committee's endorsement being presented to the board of directors for approval.”

“These organizational documents are available for public inspection upon request to the organization.”

“Several of the directors of the organization are employees of millersville university, a related organization. The directors' compensation paid by this related organizations is attributable to their employment at millersville university and is not considered compensation related to their student services, inc. Director function. The compensation of the directors has been requested, however, at the time of filing, the related entity compensation information is not available.”

“Reimbursed salaries: program service expenses 515,299. Management and general expenses 0. Fundraising expenses 0. Total expenses 515,299. Reimbursed payroll taxes: program service expenses 46,095. Management and general expenses 0. Fundraising expenses 0. Total expenses 46,095.”

“The finance committee assumes responsibility for the oversight and review of the organization's audit. This process has not changed from the prior year.”