Inter Faculty Organization

“Ifo hired a management company for the llc, the disregarded entity”

“Line 6 explanation - faculty of the seven mn state universities who are assigned more than three credits, or more than one course in an academic year.”

“Line 7a explanation - the members elect the president and local representatives.”

“Line 7b explanation - the members may serve as delegates who participate in decision making as members of the delegate assembly. The members may also participate by voting on ratification of the contract and other matters.”

“Line 11b explanation - the auditor meets with the board and goes over the form 990 with them and then they approve it either as is or with changes.”

“The board and key employees are required to fill out the conflict of interest form each year by october 1st, any conflicts listed are reviewed and action is taken if necessary.”

“Use of comparable data to come up with annual salary. Board approves and decision is documented.”

“They are posted on our website.”

“Miscellaneous: program service expenses 13,219. Management and general expenses 49,827. Fundraising expenses 0. Total expenses 63,046. Negotiation expense: program service expenses 46,203. Management and general expenses 0. Fundraising expenses 0. Total expenses 46,203. President's expenses: program service expenses 42,831. Management and general expenses 0. Fundraising expenses 0. Total expenses 42,831. Committee's expense: program service expenses 33,270. Management and general expenses 0. Fundraising expenses 0. Total expenses 33,270. Organizing expense: program service expenses 13,680. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,680. Equipment: program service expenses 12,512. Management and general expenses 659. Fundraising expenses 0. Total expenses 13,171. Communication expenses: program service expenses 9,522. Management and general expenses 501. Fundraising expenses 0. Total expenses 10,023. Ifo board: program service expenses 1,883. Management and general expenses 7,533. Fundraising expenses 0. Total expenses 9,416. Printing: program service expenses 1,491. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,491. Research materials: program service expenses 422. Management and general expenses 0. Fundraising expenses 0. Total expenses 422.”