Army West Point Athletic Association Inc.

“The corporation shall have at least one (1) voting member, which shall include the Superintendent of the United States Military Academy.”

“upon the approval of the superintendent and upon such conditions as the superintendent may determine, individuals and/or entities may be admitted and/or removed as members, with or without cause.”

“The superintendent of the corporation holds the following powers: 1. Oversight powers and responsibilities with regard to the corporation. 2. Power to review the minutes of all meetings of the board and approve of disapprove all actions of the board. 3. Power to appoint certain members of the board. 4. Power to hire the director of athletics, who serves as the president of the corporation. 5. Power to approve the terms of an operating agreement between the United states military academy or the west point association of graduates, on the one hand, and this corporation, on the other. 6. No member other than the superintendent shall have any rights to inspect or copy books, records or documents or to inspect the physical properties of the corporation.”

“Army West Point Athletic Association, Inc. has its form 990 prepared by an outside accounting firm and have established the following review process to ensure that the information reported is complete and accurate. When the Form 990 has been prepared, reviewed by management and is ready to be filed with the Internal Revenue Service, it is electronically sent to the board members of the organization for any comments. Any comments are then grouped, summarized and provided to the outside accountants. Each issue is documented and addressed until the return is finalized and approved for filing.”

“The organization's conflict of interest policy is applicable to all directors, officers and key employees. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of potential conflict and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the conflict of interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. Deliberation of potential conflicts of interest and outcomes shall be documented in the minutes of the governing board and all committees. Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person has received, reviewed and has agreed to comply with the policy.”

“the organization sets its compensation policy for the president and coo based on market salaries and benefits relative to colleges competitive with the usma. the company hired an advisory service to perform a competitive compensation analysis to determine a fair and market based salary for mr. corrigan. the board approved mr. corrigan's compensation, effective march 1, 2017. this process was contemporaneously documented by the board.”

“The Organization makes its form 990 available for public inspection as required under section 6104 of the Internal Revenue Code. the return is posted on guidestar.org and the financial statements, conflict of interest policy, articles of incorporation and by-laws are available upon written request at 639 Howard Road, West Point, NY 10996, or by calling the organization directly at (845)-938-7810.”

“coaching: Program service expenses 14,247. Management and general expenses 0. Fundraising expenses 0. Total expenses 14,247. payroll services: Program service expenses 0. Management and general expenses 8,863. Fundraising expenses 0. Total expenses 8,863. recruiting: Program service expenses 207,862. Management and general expenses 0. Fundraising expenses 0. Total expenses 207,862. consulting fees: Program service expenses 21,775. Management and general expenses 30,519. Fundraising expenses 0. Total expenses 52,294. security: Program service expenses 4,152. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,152. sports officials: Program service expenses 140,040. Management and general expenses 0. Fundraising expenses 0. Total expenses 140,040. outside services: Program service expenses 74,260. Management and general expenses 18,668. Fundraising expenses 0. Total expenses 92,928.”

“The organization has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process did not change from prior year.”