Universities Research Association Inc

“Executive committee of the board composed of the chair of the board of trustees, the president of the corporation, and not fewer than three or more than five other trustees as the board of trustees may determine from time to time at its annual meeting. The chair of the board of trustees shall be the chair of the executive committee of the board. Executive committee of the board shall, in the intervals between the meetings of the board of trustees, have the immediate charge, management, and control of the activities and affairs of the corporation, and it shall have full power to do any and all things in relation to the activities and affairs of the corporation, and to exercise any powers of the board of trustees which are not specifically required by law or by these bylaws to be done or exercised by the full board.”

“The organization has 92 institutional university members, each represented in the council of presidents (cop) by the university president or chancellor.”

“Each member of the cop has one vote. The cop elects members of the board of trustees by the majority of votes cast.”

“The cop may disapprove any assessments fixed by the board of trustees; elect new member universities nominated by the board; and approve any amendments to the bylaws proposed by the board.”

“Management and its external accountants review the 990. Then the audit committee assumes the principal responsibility for reviewing the 990 on behalf of the board of trustees. The board receives a copy prior to its filing.”

“In addition to the annual acknowledgement of the conflict of interest policy and disclosure of any conflicts, all officers and trustees are under a continuing and affirmative obligation to disclose any conflicts that may come up during the year. Trustees and members of committees report any conflicts to the board and general counsel, and other officers report any conflicts to the president and general counsel. The board resolves issues among board and committee members in consultation with the general counsel and president, and the president resolves issues involving other officers in consultation with the general counsel. Recusal from any conflicted matter is the practice. The ura employee manual also contains a conflict of interest policy covering all employees, and it describes the process for disclosure to the president and resolution of any conflicts.”

“Compensation surveys published by independent third-party organizations and salary information from filed 990 reports of comparable organizations' officers and key employees are collected each year by the general counsel and presented to the executive committee of the board, which makes a compensation recommendation to the full board for its approval. Periodically, most recently, in 2022, ura contracts with an independent entity to collect and provide comparable compensation data. The executive committee and board conduct their decision-making with members only. Committee and board minutes and a memorandum from the board chair document this process and decision. The process described here was last completed in 2022.”

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

“Human resource fees: program service expenses 0. Management and general expenses 45,238. Fundraising expenses 0. Total expenses 45,238. Other consulting fees: program service expenses 45,112. Management and general expenses 1,745,320. Fundraising expenses 0. Total expenses 1,790,432. Recruitment & advertising fees: program service expenses 0. Management and general expenses 56,000. Fundraising expenses 0. Total expenses 56,000. Programmatic sponsorships: program service expenses 456,350. Management and general expenses 7,500. Fundraising expenses 0. Total expenses 463,850. Honararia: program service expenses 46,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 46,000.”