Purdue Alumni Association Inc. Memorial Union Building

“Individuals become members of the purdue alumni association upon payment of membership dues”

“Individuals who pay membership dues to purdue alumni association elect some members of the governing board of the organization.”

“The 990 is reviewed by the executive vice president & treasurer. A draft copy is provided to the finance committee of the board and they have the opportunity to ask organization management questions before the 990 is submitted.”

“All organization staff members and governing board members are required to fully disclose any potential conflict of interest that may exist as a result of their relationship to the organization. Conflict of interest disclosure statements must be signed each year. Copies are maintained by the executive vice president & treasurer and provided to the finance committee for review. The finance committee addresses any potential conflicts of interest. Any potential conflict of interest on the part of any governing board member is disclosed to other governing board members when the interest becomes a matter of governing board action. The governing board member shall not vote or use his or her influence on the matter, and the minutes of the governing board meeting shall reflect that a disclosure was made and the governing board member shall abstain from participation in the matter. Any potential conflict of interest on the part of any organization staff member which could affect transactions to which the organization is a party shall be reported to the president & ceo. The president & ceo shall investigate and report the results and findings to the executive committee of the governing board.”

“The executive committee shall make a recommendation to the board of directors regarding the presdient & ceo's compensation. The executive committee shall obtain and rely upon compensation data for comparable university positions, and compensation data for presdients at other alumni associations, when making its recommendation. The board of directors shall approve the president & ceo's compensation after considering the recommendation provided by the executive committee. The board of directors shall adequately document the basis for the determination of the presdient & ceo's compensation, and communicate such to the corporation's primary financial staff member.”

“The organization makes its tax returns, governing documents, conflict of interest policy, and financial statements available to the public on an as-requested basis. Individuals may review documents at the office of the organization. Individuals who wish to have a copy must make their request in person or in writing, and are required to reimburse the organization for the cost of reproduction (based on 0.05 per page x the number of pages) plus the cost of 1st class postage (if mailed). Payment is required before the copy will be provided.”

“Big 3 89,089 0 0 pase expense 0 0 83,651 board of directors 0 59,866 0 design & writing 56,356 0 0 reunions & awards 33,995 0 0 presidents initiatives 0 33,933 0 international 30,661 0 0 current students 27,847 0 0 pre-game tailgate event 26,688 0 0 tours 25,795 0 0 purdue on the road 18,506 0 0 electronic communications 14,652 0 0 special events 5,290 0 0 young alumni 3,821 0 0 special projects 1,363 0 0 student recruitment 771 0 0”

“Direct costs to donors netted with revenue on 990 87,611 direct costs to donors netted with revenue on 990 -87,611 book / tax depreciation difference -338”