Student Veterans of America

“No committee has the authority to act on behalf of the board.”

“The federal form 990 is prepared by an external public accounting firm. Once the draft federal form 990 is completed, it is submitted to sva's president and ceo for review. After the president and ceo review the draft, it is provided to the full board of directors before it is filed with the internal revenue service.”

“The board of directors adopted an ethics and conflicts of interest policy. The policy is provided to all leaders of sva and must be filed annually. The board of directors monitors and enforces compliance with violations. Individual directors and officers are required to disclose any potential conflicts of interest as they pertain to the interests of sva. Sva evaluates conflicts of interest to ensure terms are fair and reasonable, consistent with arms-length transactions, without influence by board members and ensuring that there is no private inurement. Sva executive leaders take into consideration high-quality services and competitive pricing, as well as the expected quality of services to be provided. Sva will consult with legal counsel, as needed, to review the board of directors' decision-making process and to assess the relationship. Sva ensures full board disclosure.”

“The executive committee, under authority delegated by the board, conducts an annual performance evaluation of the president and ceo and sets the president and ceo's compensation. Sva utilizes an independent compensation consultant and third-party data to compare its compensation to those of similarly qualified individuals in functionally comparable positions at similar organizations and ensure they are reasonable. Contemporaneous documentation is kept by the secretary. Form 990, part vi, section b, line 15b: sva does not compensate any person who meets the internal revenue service criteria of other officer of key employee.”

“Sva's audited financial statements are available on sva's website. The conflict of interest policy and governing documents are available by request via a "contact us" link on sva's website.”

“Consulting fees: program service expenses 1,051,647. Management and general expenses 550. Fundraising expenses 54,844. Total expenses 1,107,041. Contractor fees: program service expenses 2,161. Management and general expenses 1. Fundraising expenses 113. Total expenses 2,275. Payroll service fees: program service expenses 35,848. Management and general expenses 19. Fundraising expenses 1,869. Total expenses 37,736.”

“Loss on write-off of pledge -307,500.”