University of Maryland Alumni

“The organization's bylaws were changed to officially add the finance chair to the executive council and this change opened up an additional at-large seat on the board.”

“The form 990 was prepared by outside accountants and reviewed by management in consultation with the board president and the finance committee chair. The form 990 is then also reviewed by the finance committee. The final form 990 was then provided to the full board.”

“The board receives the conflict of interest policy and a cover letter from the general counsel in their fall meeting materials packet. The association collects a signature form from each member and keeps it in a file. Association employees determine if any forms are missing, and if so follow up throughout the year with a reminder letter, as well as reminders at each subsequent board meeting. Procedures for addressing the conflict of interest a. The chairperson of the board or committee, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. B. After exercising due diligence, the board or committee determines whether the corporation can obtain a more advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest. C. If a more advantageous transaction or arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the board or committee determines by a majority vote of the disinterested directors whether the transaction or arrangement is in the corporation's best interest and for its own benefit and whether the transaction is fair and reasonable to the corporation and makes its decision as to whether to enter into the transaction or arrangement in conformity with such determination. Violations of the conflicts of interest policy a. If the board or committee has reasonable cause to believe that a member has failed to disclose actual or possible conflicts of interest, it informs the member of the basis for such belief and affords the member an opportunity to explain the alleged failure to disclose. B. If, after hearing the response of the member and making such further investigation as may be warranted in the circumstances, the board or committee determines that the member is an interested person and has failed to disclose an actual or possible conflict of interest, it takes appropriate disciplinary and corrective action.”

“Compensation of the executive director and the cfo/coo of the alumni association is determined by the university of maryland's policies and procedures for compensation determination. The executive director and cfo/coo of the alumni association are paid by the university of maryland and not by the alumni association. The review takes place annually in march.”

“The university of maryland alumni association makes its governing documents, conflict of interest policy, and financial statments available to the public upon request.”

“The alumni association receives donated services from the university of maryland through employees of the university who work on behalf of the alumni association. The two organizations are affiliated, but are not related as defined in the form 990 instructions. The total value of the services provided by those employees totaled $4,758,440 for the year ended june 30, 2025. Included in the support of $4,758,440 are the amounts paid for the services of the organization's executive director and chief financial and operating officer who are listed in part vii. The following amounts were paid by the university to these individuals in the fiscal year for their services to the association: jessica k. Roberts, executive director: salary: $165,038 fringe benefits: $57,763 peter canine, cfo & coo: salary: $203,054 fringe benefits: $71,069 in addition, the alumni association recorded $205,665 of donated rent for the use of the building that was transferred to the university of maryland for fy25.”