Nc State Student Aid Association Inc

“The organization has members, but the members do not own stock and they do not receive any income from the organization.”

“The audit and finance committee of the board of directors are provided with a copy of the 990 to review and approve prior to filing.”

“Board members are required to report and disclose annually any conflict of interests or indicate if no such conflicts exist through a signed conflict of interest policy and disclosure statement.”

“The executive committee of the board of directors determines and approves the compensation of the executive director. The compensation is based on comparisions made with similar associations and overall success of the association in achieving membership and fundraising goals.”

“The association makes its governing documents and financial statements available to interested parties upon request made to the association.”

“Nez ad debt reimb.: program service expenses 806,036. Management and general expenses 0. Fundraising expenses 0. Total expenses 806,036. Murphy center improvements: program service expenses 450,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 450,000. Bank charges: program service expenses 80,455. Management and general expenses 130,961. Fundraising expenses 126,077. Total expenses 337,493. Publications: program service expenses 0. Management and general expenses 0. Fundraising expenses 331,152. Total expenses 331,152. Golf expenses: program service expenses 250,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 250,000. Non-scholarship expense: program service expenses 156,023. Management and general expenses 0. Fundraising expenses 0. Total expenses 156,023. Soccer expenses: program service expenses 150,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 150,000. Junior/varsity clubs: program service expenses 0. Management and general expenses 0. Fundraising expenses 127,805. Total expenses 127,805. Postage and mailing: program service expenses 38,762. Management and general expenses 0. Fundraising expenses 49,685. Total expenses 88,447. Printing: program service expenses 25,711. Management and general expenses 27,196. Fundraising expenses 26,181. Total expenses 79,088. Telephone: program service expenses 15,505. Management and general expenses 10,118. Fundraising expenses 9,740. Total expenses 35,363. Auto expense: program service expenses 0. Management and general expenses 13,407. Fundraising expenses 12,907. Total expenses 26,314. Dues and subscriptions: program service expenses 0. Management and general expenses 0. Fundraising expenses 20,932. Total expenses 20,932. Property taxes & fees: program service expenses 0. Management and general expenses 13,072. Fundraising expenses 0. Total expenses 13,072. Flowers & gifts: program service expenses 0. Management and general expenses 0. Fundraising expenses 9,985. Total expenses 9,985. Maintenance: program service expenses 2,160. Management and general expenses 1,409. Fundraising expenses 1,357. Total expenses 4,926. Miscellaneous: program service expenses 0. Management and general expenses 2,160. Fundraising expenses 2,080. Total expenses 4,240. Misc. Ad facilities: program service expenses 921. Management and general expenses 0. Fundraising expenses 0. Total expenses 921.”

“Decrease in cash surrender value of life insurance -4,183. Decrease in value of split interest agreements -23,571.”

“Description of oversight of audit the association has a finance committee consisting of board members that reviews the audit report, monitors the progress of the audit process and keeps an open line of communication with the auditors.”