The Florida State University Alumni Association

“The bylaws were amended to state that the audit and finance committee shall meet annually with the independent auditor to review internal controls and completeness and accuracy of financial statements. In addition, the appointment of the independent auditor shall be approved by the audit and finance committee. In addition, in the prior year, the maximum number of directors to sit on the board was adjusted from 36 to 40.”

“The organization offers memberships in the form of annual, five-year and life. These dues are paid on a schedule established for the specific level under which the member joins.”

“The organization has a board development committee which is charged with determining the slate of officers and nomination of new directors for the governing body. The board development committee recommends candidates for election to the university president and the board. Directors are elected by the university president and the existing board of directors.”

“Management reviews the form 990 and resolves any issues or questions with the independent accounting firm that prepares the form since it is management's responsibility to ensure that the form represents the organization's financial condition for the period being reported. The organization's board of directors has delegated to the audit and finance committee the responsibility for the final review and approval of the filing of the form 990. The draft form 990 is distributed via email to these committee members for review, and a conference call or meeting is held to discuss, address questions, and approve the filing of the form. The committee's approval of the filing of the draft form 990 is documented in the committee meeting minutes. The draft form 990 is then provided to all board members for review prior to filing with the irs.”

“All board members review and complete the conflict of interest form each year at the fall board meeting.”

“Compensation for management is reviewed and set by the president of the florida state university, or his designee, in accordance with the university's policies. These policies require that comparable data be used to determine that management is compensated fairly and competitively when compared to similar roles in other alumni associations nationally.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request for the same period of disclosure as set forth in irc section 6104(d).”

“There has been no change in the process from prior year.”