Higher Education User Group Inc.

“Heug has entered into agreements with higher logic, llc, an online community software company, to provide various services, including executive director services, technical support, financial services and various event management and support services. Scott balthazor, heug executive director, is an employee of higher logic, llc. The $1,100,135 reported in part vii, section b includes compensation for executive director services, along with fees for the other higher logic services.”

“The organization has two classes of membership based upon the type of institution or entity.”

“An approved slate of candidates is presented to the heug membership for election by member representatives of paid institutional members of heug.”

“The form 990 was prepared by the outside accountants and reviewed by the treasurer who then will share it with the executive team prior to filing with the irs. A copy of the form 990 will be provided to all members of the board of directors and the audit committee.”

“Annually, each director, officer and member of a committee signs a statement which affirms that such person: has received a copy of the conflict of interest policy; has read and understands the policy; has agreed to comply with the policy; understands that the corporation is charitable and in order to maintain its federal tax exemption must engage primarily in activities that accomplish one or more of its tax exempt purposes. In connection with any actual or potential conflict of interest, an interested person must disclose, within 30 days, the existence of the financial interest valued at $25 or above by filing the vendor disclosure report via email to the board, and be given the opportunity to disclose all material facts to the board and committees considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, including any discussion with the interested person, s/he leaves the board or committee meeting while the remaining members determine if a conflict of interest exists. The determination of a conflict of interest is discussed and voted upon by the remaining board or committee members.”

“The organization makes its annual report (including financial statements) and governing documents available on its website.”

“Conference consulting: program service expenses 382,433. Management and general expenses 0. Fundraising expenses 0. Total expenses 382,433. Other consulting: program service expenses 224,637. Management and general expenses 77,193. Fundraising expenses 0. Total expenses 301,830.”

“Foreign currency translation -6,909.”