East High School Alumni Foundation

“The organization has a contract with diversified management services, inc. For management services, including supervising, planning and executing the financial operations and exempt functions of the organization.”

“During the year, the organization amended their bylaws for the following items: the number of directors shall be seven to nine (7 - 9) and directors will now serve annual terms july 1 through june 30 of the following year. All board members are expected to play an active role in east high school alumni foundation activity, as well as support both the east high school alumni association and foundation. Specific expectations include: -serving at least one (1) three-year term (can serve up to two three-year terms) -serving on at least one (1) committee that falls within their respective board -attending seventy five percent (75%) of board meetings -attending two (2) joint meetings of the association and foundation -serving as a goodwill ambassador for the alumni association/foundation -paying alumni association membership dues and making an annual contribution to the alumni foundation”

“The organization's sole member is the east high school alumni association.”

“Alumni from the east high school alumni association nominate the board members of the east high school alumni foundation.”

“A copy of the form 990 was provided to each member of the board prior to filing with the internal revenue service.”

“Any trustee, principal officer, or member of a committee with governing board delegated powers must disclose the existence of the financial interest and be given the opportunity to disclose all material facts. The remaining board or committee members shall decide if a conflict of interest exists. The chairperson of the governing board shall, if appropriate, appoint a disinterested person or committee of to investigate alternatives to the proposed transaction or arrangement. The interested person shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The governing board or committee shall determine whether the organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. Each trustee, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflicts of interest policy, b. Has read and understands the policy, c. Has agreed to comply with the policy, and d. Understands the organization is charitable and 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's bylaws, conflict of interest policy, and financial statements are available upon request. The documents are available for the same period of time as described in internal revenue code section 6104(d) for other public disclosure documents.”

“To fund and to provide security, continuity and credibility for a program of granting scholarships for east high graduates to assist them in furthering their formal education in accredited institutions of higher learning.”

“Volunteers are comprised of non-compensated board members and other volunteers.”

“Unclaimed scholarships 60,900 3115 adjustment -261,839 total -200,939 other increases explanation: students have four years to claim awarded scholarships towards their secondary schooling. Once the four years have passed and the scholarship has not been claimed, the funds are released back to the organizartion to use for a future student. During 2022, 60,900 was released back to the organization in unclaimed scholarships. Other decreases explanation: the organization changed it's method of accounting from the cash basis to accrual basis in 2022. In prior years, the method of accounting used on the tax return was the cash method, however, the organization's books are recorded using the accrual method. The 481(a) adjustment on the form 3115 is -261,839.”