Sigma Phi Epsilon of Az Beta Educational Foundation

“The organization's executive officers review the form 990 when it is completed and if any part of the form is in question, the executive officers contact the preparer to address those questions. Should any changes need to be made on the form, these changes are promptly made and the form is reprinted for the executive officers to review. After the form is reviewed and approved, the executive officer signs the return and it is mailed to the irs.”

“Article vi annual statements: each director, principal officer and member of committee with governing board deligated powers shall annually sign a statement which affirms such person: a. Has recieved 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. Article vii periodic reviews: to ensure the organization operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects: a. Whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length barganing. B. Whether partnerships, joint ventures, and arrangements with management organizations conform to the organizations written policies, are properly recorded, reflect reasonable investment or payment for goods and services, further charitable purposes and do not result in inurment, impermissible private benefit or in an excess benefit transaction. Article viii use of outside experts: when conducting the periodic reviews as provided for in article vii, the organization may, but need not, use outside advisors. If outside experts are used, their use shall not relieve the governing board of its responsibility for ensuring periodic reviews are conducted.”

“All documents are available upon request.”