Alpha Phi Building Association

“All members of said corporation shall be persons admitted to membership in the chapter (whether by formal initiation or formal affiliation as provided under the policies and procedures of the fraternity) and such other members of the fraternity who are so admitted by a majority vote of the board of directors of the corporation.additionally, members of this corporation shall be limited to those persons who shall meet all of the following qualifications:a. She shall be a member in good standing with the fraternity;b. She shall have attained the age of majority per laws in texas;c. She shall have paid her house/chapter bond in full to her collegiate chapter, be residing in the state of texas, and shall not be in default in any other payments to the corporation or the fraternity; d. She shall have furnished to the secretary a personal mailing address, physical or electronic;e. At the option of the corporation board of directors, other interested persons may be invited to membership or may serve in an advisory role.”

“Members elect the board of directors at the corporations annual meeting.”

“The form 990 is prepared by the organizations cpa. The return is sent to the board members for review. After this process is satisfied the return is filed.”

“Recommendation is made by treasurer based on future budget. Governing body reviews and discusses same (along with performance evaluations). Governing body approves compensation.”

“The organization provides its governing documents and financial statements to the public upon request.”

“The organization provides its governing documents and finanacial statements to the public upon request.”

“See expenses listed in attached overflow statement totaling $86,933”

“Form 990, part iv, line 34relationships/affiliationsthere are appoximately 90 house corporations that provide housing and social settings for members of alpha phi international fraternity, inc., including the house corporation filing this return. House corporations may look for some guidance to alpha phi international and/or other house corporations, but are largely responsible for ther own actions. Each entity operates under the broad alpha phi designation but keeps local control. There is no parent/subsidiary, brother/sister or supporting/supported relationship. Each entity files a separate exempt application and files its own separate form 990.”