Naspa Foundation

“The form 990 was prepared by the outside accountants. The controller worked closely with the president and vice president for operations before it was filed. Once it was filed, it was then reviewed by the board of directors.”

“The foundation has adopted the conflict of interest policy of the national association of student personnel administrators (naspa). The naspa policy provided that all board members and staff members comply with and annually sign a conflict of interest statement. All statements are reviewed by the executive officers. If there is a conflict of interest, it is resolved as follows: if a conflict arises with an employee, the executive officers meet with the employee to resolve the conflict. If a conflict arises with an executive officer, the officer meets with the executive committee to resolve the conflict. If a conflict arises with a board member, the member meets with the executive committee to resolve the conflict. The process for resolution is as follows: board action - when a conflict of interest is relevant to a matter requiring action by the board, the interested person calls it to the attention of the board and that person does not vote on the matter. In addition, the interested person does not participate in the final decision or related deliberation regarding the matter under consideration. When there is a doubt as to whether a conflict exists, the matter is resolved by a vote of the board of directors, excluding the interested person. Record of conflict - the official minutes of the board reflect that the conflict of interest was disclosed and the interested person did not participate in the final discussion and did not vote on the matter.”

“The organization's governing documents, conflict of interest policy, and financial statements are made available to the public on a case-by-case basis.”

“The day-to-day affairs of the organization were managed by a non-compensated board.”