Ana G Mendez University Inc

“Jose f. Mendez, president, and ricardo rodriguez domenech, executive advisor to the president, have a family relationship.”

“The return is reviewed in its entirety by finance management. Any questions are resolved with the independent acounting firm that prepares the return. In addition, a copy is provided to each member of the board of directors before it is filed with the irs.”

“A copy of the conflict of interest policy shall be furnished to each director, committee member, officer, and staff member. Each new director, committee member, officer, and staff member shall be advised of the policy upon undertaking his or her respective duties. Each director, committee member, officer, and staff member shall annually sign a statement which affirms that such person (a) has received a copy of the conflict of interest policy; (b) has read and understands the policy; (c) has agreed to comply with the policy; and (d) understands that the corporation is a charitable organization and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

“The organization uses a comparative process for determining appropriate and reasonable compensation for its president, other officers, and key employees, including review and approval by the organization's independent board of directors. The process includes the use of comparability data of similarly qualified persons in functionally comparable positions in other non-profit organizations of similar size and function. This process includes contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation arrangements.”

“Governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”

“Other professional services: program service expenses 7,473,569. Management and general expenses 7,588,148. Fundraising expenses 0. Total expenses 15,061,717. Bank fees: program service expenses 607,232. Management and general expenses 616,542. Fundraising expenses 0. Total expenses 1,223,774.”

“Change in value of interest rate swap agreement -290,157.”

“The audit committee is responsible for the oversight of the audit of the organization's financial statements and selection of an independent accountant. There was no change in this process from the prior year.”