Alpha Sigma Phi Fraternity Inc

“Membership: membership shall be acquired only by male persons: a. Who are not members of (1) any viable, general greek-letter fraternity of college grade and national or international in scope, or (2) any other group antagonistic to fraternities; b. Who are likely to be intellectually, morally and socially of benefit to the fraternity; c. Who shall have been duly elected by secret vote of a chapter in good standing or approved by the chief executive officer or the grand council; d. Who have been duly initiated in accordance with the rituals of the fraternity or acquired by merger of another fraternity; e. Who fully understand the vision and purpose of alpha sigma phi as described in article i, sections 2 and 3, and f. Who have achieved at minimum the criteria for membership established by the local fraternity governing council, the north-american interfraternity conference, the institution of learning in which he is enrolled or 2.50 gpa when no minimum criteria is established. Classes of membership: there shall be two classes of members: student and alumni: a. Student members are all members regularly enrolled in attendance at an institution of learning at which they were initiated, or at which the member and chapter have agreed to affiliate the member and at which the chapter of alpha sigma phi is in good standing. B. Alumni members are all members who do not qualify as a student member. Any man of majority age who is not presently affiliated with another fraternity recognized by the north-american interfraternity conference may be initiated as an alumnus and affiliated with a chapter or be recognized as a member-at-large of alpha sigma phi. Students enrolled in attendance at an institution of learning with a chapter of alpha sigma phi, four or more years after they were initiated or with unique circumstances as determined by the chief executive officer, may be considered an alumni member, with approval of the chapter prudential board.”

“Documentation by committee explanation committee meeting results are communicated during board meetings and documented in the minutes.”

“Organization's process to review form 990 - the fraternity president receives and reviews a copy of the form 990 prior to filing.”

“Enforcement of conflicts policy - the board and fraternity president monitor the policy and individuals and board members' adherence to it. All conflicts are addressed and corrections are enforced on a case-by-case basis.”

“Compensation process for top official - the president's salary is determined annually in connection with a performance review performed by the board of directors.”

“Governing documents disclosure explanation - the organization makes its governing documents available to interested parties online and upon request.”

“Restatement of beginning net asset balances to correct prior year errors -42,432.”

“The audit committee assumes responsibility for oversight of the audit and the selection of an independent accountant. The process has not changed from the prior year.”