Georgia State University Athletic Association Inc.

“The audited financial statements are reviewed by the board of directors. The audit committee reviews the form 990 in detail each year, then presents the form 990 to the board prior to filing.”

“The conflict of interest policy is regularly monitored to ensure compliance. Individuals are asked to dislcose any relationships with individuals doing business with the organization that could result in a conflict of interest. The organization must file a diclosure report with the georgia secretary of state if an individual is a full-time or part-time employee of georgia state university, transacted business with the state of georgia or any of its agencies and transacted business on behalf of themselves or for a business in which the indvidual or family-member has a significant interest. All business transactions should remain at arm's-length. Contracts are signed by the coaches, and the entire department must annually fill out a form which projects and discloses any outside interest.”

“The gsu athletic association works with the university's hr department and uses the hr department's resources to determine fair compensation.”

“The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“The association has "members" to the extent that they are called members for alumni recognition pursuses only the membership does not have the right to elect board members or influence decision making by the trustees”

“The process the organization uses to oversee the audit has not changed from the prior year.”

“The georgia state university foundation, inc. ("foundation") is a financially interrelated entity with the association. The foundation includes in its net assets cash and promises to give that are to be used for the benefit of the association. Under asc 958, the association has an ongoing economic interest in the net assets of the foundation. The foundation recognizes all contributions and promises to give designated for the benefit of the association. Likewise, the foundation recognizes all payments for the benefit of the association as expenses. The association recognizes its interest in the foundation's net assets as assets on its statement of financial position. For its net assets, the foundation recognizes the balances of funds at their fair value and the promises to give at their net present value of any allowances for uncollectible amounts. The change in the association's interest of the foundation's net assets is reflected on the statement of revenue as a change in interest of financially interrelated entity.”