Theta XI Fraternity

“Theta xi fraternity is a membership organization comprised of undergraduate and alumni members through chapters, colonies, alumni clubs, and alumni associations.”

“The supreme authority of the fraternity is the national convention. Each chapter, colony, alumni club and alumni association in good standing is entitled to a delegate at the national convention. During the interim between national conventions, the authority to act for the fraternity shall be vested in the board of directors known as the grand lodge.”

“Theta xi fraternity procedures for the preparation of and internal approval of form 990, including all schedules, prior to its submission to the internal revenue service shall consist of preparation by an independent certified public accountant followed by review by the grand lodge (board of directors).”

“Monitoring and enforcement is established by distributing the conflict of interest statement to all grand lodge directors at their first meeting of the fiscal year or following elections. Discussion and questions regarding the policy are addressed prior to collecting executed statements for each director that is then filed for reference and use, as necessary.”

“THETA XI FRATERNITY'S POLICY ON COMPENSATION COMMITTEE IS AS FOLLOWS: On an annual basis, the COMPENSATION Committee: - Reviews the performance of the Executive Director based on achievements against the established goals and overall performance. - The committee seeks the input of the Board of Trustees in completing this review. - May review appropriate market data on compensation for Executive Directors at similar not-for-profit organizations, as supplied and analyzed by the Compensation Committee Chair. - The Committee determines any change in compensation for the Executive Director based on: - Job Performance - Foundation financial resources and sound budget practices - Affordability The Committee has the latitude to provide a change in base pay, a bonus, a lump-sum "merit" increase, an increase in allowances, or non-cash compensation. Consideration of the annual FRATERNITY budget includes notice to the Board of Trustees for changes in compensation of all employees.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“The purpose of the fraternity is to provide a college home environment for its undergraduate members in which fellowship and alumni guidance lead to wholesome mental, moral, physical and spiritual growth.”

“Membership development program includes: leadership skill training, alumni recagnition program and undergraduate member development programs.”

“Theta xi fraternity does have a committee that assumes responsibility for oversight of the review of its financial statements and selection of an independent accountant. This process has not changed from the prior year.”