University of Montevallo Foundation

“The form 990 is provided to the audit committee for review and is an agenda item at a regularly scheduled board meeting open for any discussion before the return is filed. If board members are unable to attend the meeting or time is not allowed for a meeting, the form 990 is provided to the board members for review.”

“Board members are reminded to excuse themselves from discussion and vote if an agenda item poses a possible conflict.”

“As a general rule, the organization does not make its governing documents, conflict of interest policy and financial statements available to the public. Any written request by the public would be reviewed and acted upon by the board.”

“Academic program support: program service expenses 197,938. Management and general expenses 0. Fundraising expenses 0. Total expenses 197,938. Consultants & speakers: program service expenses 102,183. Management and general expenses 0. Fundraising expenses 0. Total expenses 102,183. Recognition & awards: program service expenses 85,072. Management and general expenses 0. Fundraising expenses 0. Total expenses 85,072. Community relations: program service expenses 43,175. Management and general expenses 0. Fundraising expenses 0. Total expenses 43,175. Printing, publications & memberships: program service expenses 26,194. Management and general expenses 2,910. Fundraising expenses 0. Total expenses 29,104. Luncheons & receptions: program service expenses 21,848. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,848. Institutional expense: program service expenses 18,753. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,753. Floral arrangements & gifts: program service expenses 13,537. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,537. Athletic support: program service expenses 13,220. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,220. Credit card fees: program service expenses 10,514. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,514. Faculty & staff development: program service expenses 6,129. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,129. Faculty moving expense: program service expenses 4,990. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,990. Student activities & gifts: program service expenses 3,172. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,172. Postage & shipping: program service expenses 2,299. Management and general expenses 255. Fundraising expenses 0. Total expenses 2,554. Special events: program service expenses 1,352. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,352. Photography: program service expenses 325. Management and general expenses 0. Fundraising expenses 0. Total expenses 325.”

“The organization made no changes to its oversight process or selection process during the tax year.”