Alpha Omicron Pi Fraternity Inc Group Return

“Finlogic, llc is retained as an outsourced cfo to assist with the recording and reporting of financial operations consistent with us gaap.”

“The members of a collegiate chapter shall be the duly initiated and affiliated members of that chapter who are enrolled as students at the college or university where the chapter is located. The members of a collegiate chapter shall vote to select a candidate for membership. All proceedings in membership consideration meetings shall be confidential and kept within the fraternity. A candidate considered for membership shall be declared selected if she receives an affirmative vote of 75% of the total chapter membership present and eligible to vote, only if quorum has been established.”

“Members have the right to vote on law changes and elect the board of directors.”

“Form 990 is prepared by an independent cpa firm and reviewed by the organization's top management. The reviewed form 990 is then forwarded to the board of directors for review prior to filing.”

“Employees sign a written conflict policy on date of employment and revisit the policy at each annual review. Board members sign a written conflict policy at first board meeting after election to board.”

“The organization's board of directors selects the executive director whose salary is determined by benchmarks set forth by the national panhellenic conference. The director's salary is approved by the board and documented in the board minutes. The executive director determines salaries for other employees. The amount of the salaries is then approved by the board of directors.”

“Governing documents are available to alpha omicron pi fraternity, inc. Members on a private website. The financial statements are also available to alpha omicron pi fraternity, inc. Members via email.”

“This is a group return for multiple subordinates. All required 990-t's will be appropriately filed by the individual subordinates.”

“Chapter support and development 1,526,444. Bank and credit card fees 1,281,054. Cleaning 1,104,402. Chapter programs 970,432. Housing expenses 346,426. Other expense 39,291.”

“Removal of alpha omicron pi properties, inc. From group return -20,391,057.”

“Changes in net assets consist of an adjustment to remove the net assets of alpha omicron pi properties, inc. Which files a separate form 990.”