The Alumni Association of the University of North Carolina at Greensboro

“A member of the association is principally defined as an individual who has attended the university of north carolina at greensboro, the womens college of the university of north carolina, the north carolina college for women, the state normal and industrial college, or the state normal and industrial school (hereafter in this section referred to as the institution). Any person who has earned a degree or certificate from the institution is eligible. As an alumni member any individual who has attended but not earned a degree or certificate from the institution is eligible as an associate member. Any individual who did not attend the institution but chooses to affiliate with the association by donating to the alumni association program endowment fund via the one in a million, lifetime or sustaining programs shall be considered an associate member. One in a million, lifetime and sustaining giving levels are set periodically by the alumni association board of directors. Membership in the association shall be available without regard to race, sex, color, creed, national origin, or sexual orientation.”

“The nominating committee shall prepare a slate of candidates for election as officers and directors and shall secure the consent of its nominees to serve if elected. The membership shall be notified of nominations at least 30 days prior to the annual meeting. Directors of the association shall be elected by the association for terms of three years with one-third to be elected each year. Directors, having served a full term, may succeed themselves to the same position for one additional term. Election of officers and directors shall take place at the annual meeting. Nominations shall be permitted from the floor at the annual meeting. All nominees, whether nominated by the committee or from the floor, shall be members who have given consent to the nominations. Only alumni members may hold office in the association.”

“The 990 was prepared by an independent accounting firm and reviewed by the finance committee. After finance committee review, the full board receives electronic copies of the 990 and votes on approval via electronic balloting.”

“At the beginning of each year, board members are required to sign a "code of ethics and conflict of interest policy" statement to disclose any relevant facts that might give rise to a conflict of interest with respect to any matter to be considered by the board.”

“The form 990 is made available upon request. Additionally, prior year copies of the form 990 can be found on guidestar.org”

“GOLD COUNCIL: Program service expenses 11049. Management and general expenses 0. Fundraising expenses 0. Total expenses 11049. MISCELLANEOUS: Program service expenses 8232. Management and general expenses 0. Fundraising expenses 0. Total expenses 8232. LEGISLATIVE ADVOCACY: Program service expenses 1953. Management and general expenses 0. Fundraising expenses 0. Total expenses 1953. STUDENT RELATIONS: Program service expenses 1664. Management and general expenses 0. Fundraising expenses 0. Total expenses 1664. SPARTAN RECRUITMENT: Program service expenses 1600. Management and general expenses 0. Fundraising expenses 0. Total expenses 1600. CONSTITUENT PROGRAMS: Program service expenses 600. Management and general expenses 0. Fundraising expenses 0. Total expenses 600. CAREER MANAGEMENT: Program service expenses 40. Management and general expenses 0. Fundraising expenses 0. Total expenses 40.”

“The association prepares its financial statements on the modified cash basis of accounting, which is a comprehensive basis of accounting other than accounting principles generally accepted in the united states of america. Under the modified cash basis of accounting, revenue is generally recognized when collected rather than when earned, and expenses are generally recognized when paid rather than when incurred.”

“Process for committee assuming responsibility for oversight of audit has remained the same as in the prior year.”