University of Florida Alumni

“The university of florida alumni association's form 990 and 990-t are available on the university of florida foundation, inc.'s website. In addition, a copy will be made available upon request. The 1023 is available upon request.”

“The board of directors will consist of the following directors: a. Ex-officio directors serving terms corresponding to the offices they hold: the president of the university or designee, one representative of the board of trustees appointed by the chair of the board of trustees or university president as a designee, a representative of the faculty of the university appointed by the president of the university, the president of the cicerones/student alumni association, and the university student body president; and the elected officers of the association ("elected officers") serving terms corresponding to the offices they hold: the president, president-elect and vice president, and any other officers elected by the board of directors; b. The immediate past president of the association. C. Up to two association presidential appointees, who are life members appointed by the president serving one-year terms; and d. Up to 37 elected directors, who are life members nominated by the nominating committee and elected by the board of directors to serve two-year terms. Each candidate (including those nominated to serve as president-elect and vice president) must be a life member of the association, and will be subject to confirmation by the university president prior to standing for election. The board will elect the directors from the confirmed nominating slate.”

“All amendments to the bylaws and articles are subject to approval by the university of florida president.”

“University of florida alumni association (ufaa) financial management is the responsibility of the university of florida foundation, inc (uff), in accordance with policies set by the ufaa and uff boards. Form 990 was reviewed and approved by the uff audit committee prior to its filing. The ufaa president is an ex-officio voting member of the uff audit committee.”

“The conflict of interest provision in the organization's bylaws requires disclosure of conflicts. At the beginning of each fiscal year, disclosure forms are sent to each director and officer. Any responses indicating a possible conflict are reviewed by legal counsel and the executive director to determine whether further action is necessary.”

“Compensation for management is reviewed and set by the president of the university of florida, 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 university foundations nationally. Discussions and decisions pertaining to matters of compensation are documented in accordance with university, foundation, and industry guidelines.”

“The organization's governing documents, conflict of interest policy, and financial statements are available to the public on the university of florida foundation's website and upon request for the same period of dislosure as set forth in irc section 6104(d).”

“The employees reported on form 990 part v, line 2a, are legally university of florida employees, but 100% of their time is dedicated to the university of florida alumni association, inc. The university of florida acts as an agent for payroll services for the alumni association.”

“The organization pays a fringe benefit pool rate on all salaries for benefits and payroll taxes. This full amount is being reported on line 9 for other employee benefits.”

“The process for selecting the independent auditor has remained consistent from the prior year.”