Agb Strategies

“AGBIS delegates control over management duties to the sole member: association of governing boards of universities and colleges.”

“Process for review of Form 990: 1. The Finance office transmits schedules and checklists to the return preparer by September 13, 2019, two months before the due date. 2. The President, and Vice President for Finance, conduct an internal review of draft Forms 990 on October 15, 2019. 3. The Vice President for Finance transmits the draft Forms 990 to AGBs Board of Directors by October 18, 2019. 4. The members of the Audit Committee have a week for review, comments and questions (October 21 October 28, 2019) after which the committee meets on a conference call. All members of the board are invited to join the call scheduled for November 1st at 2 p.m. (ET). 5. The review of Form 990 is conducted by the Audit Committee. Participation of all directors is welcome and encouraged. The review begins with the presentation of data to the committee by the Vice President for Finance. Underlying data that supports the returns may be requested by the committee. The committee reviews the returns to ensure they are consistent with the financial statements, the governance questions are answered correctly, the descriptive information reflects the position of AGB, description of the programs are accurate, and the return is complete. 6. The return is finalized (on November 5, 2019) no later than 10 days before the tax deadline, and includes any changes suggested by the Audit Committee. 7. Directors receive an executive summary of changes (if any) electronically prior to filing of the final Form 990. 8. The Chair of the Audit Committee provides a report on the review of the completed Form 990 to the AGB board at its next scheduled meeting (November 15, 2019).”

“Each director, officer, member of a Board of Directors committee, and key employee of AGBIS shall annually sign a statement which affirms that such person: a. has received a copy of the conflicts of interest and confidentiality policy. b. has read and understands the policy, and c. has agreed to comply with the policy”

“Process to determine compensation of the president: presidential compensation is determined with the use of comparability data researched by a management/hr consulting firm and discussed by agb's compensation committee and general counsel. During the process, the president presents a document to the committee outlining his goals and accomplishments for the past year. After review of data and the president's self-assessment, the committee determines whether to approve the compensation. Process to detrmine compensation of officers/key employees: compensation is determined with the use of comparability data researched by a management/hr consulting firm and discussed by agb's compensation committee and general counsel.”

“There have been no changes during the year in the process for oversight of the audit of the financial statements.”

“Consulting services were transferred to AGB effective January 1, 2019.”

“Description:consultant fees total fees:461717”

“Description:other services total fees:7408”