UW-Stout Foundation and Alumni Association Inc.

“The organization contracts with the university of wisconsin-stout to lease employees. Two of the leased employees are contracted out as the executive director and associate director of the organization. These individuals are not officers, directors, or key employees of the university of wisconsin-stout. Mark parsons' compensation as executive director is as follows: reportable compensation: $146,202 estimated amount of other compensation: $30,652 david wiensch's compensation as associate director is as follows: reportable compensation: $82,682 estimated amount of other compensation: $33,102”

“The organization made the following change to its articles of incorporation during the fiscal year: -the corporation shall not have members. The organization made the following changes to its bylaws during the fiscal year: -mission statement -board of directors: shall be at least nine members but no more than a maximum of 30 voting members. -board of directors: no more than three board members and, in no case a majority of the board members, may be current university employees. Further, no university official may be a voting board member. -compensation: no compensation shall be paid to any director; however, the foundation may, but is not required to, reimburse a director for any expenses reasonably incurred by the director in connection with the director's foundation duties. -executive director: this person may be a university employee and, in that case, will be subject to university rules and processes as to selection, evaluation, and compensating this person. The foundation, however, retains the right to remove this person from these duties at any time they deem appropriate subject to notice and payment adjustments, if any, that might be provided for in a separate agreement or memorandum of understanding. -audit committee: the audit committee, composed of at least three board members from the foundation board of directors appointed by the president and approved by the foundation board of directors, shall be a standing committee. They are hereby delegated authority to engage the foundation's outside independent auditor pursuant to the foundation's approved budget, and to manage the scope of such audit. They shall meet with the auditor to review the audit report, management letter, and any audit findings at the conclusion of the audit. They shall annually report audit results to the executive committee.”

“The board of directors were provided with a copy of form 990 and required schedules, at which time any questions were answered. Thereafter, it was filed with the internal revenue service.”

“The foundation's conflict of interest policy is distributed to board members annually for their signature indicating compliance with it. Also, foundation staff monitor companies with which it does business for potential conflicts.”

“The foundation's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“Change in value of split-interest agreements 68,681. Change in cash surrender value of life insurance -11,431.”