Unclaimed Property Professionals Organization Inc

“The organization receives executive director and senior management services from forius. The organization has delegated all management duties to the appointed executive director and senior management team.”

“Membership in uppo is open to qualified legal entities including but not limited to sole proprietorships, partnerships and corporations that are holders of unclaimed property; service providers to the unclaimed property industry; as well as other groups or entities that act as agents and/or consultants on behalf of a company or legal entity. Members must pay uppo dues and fees as established by the board of directors and must execute the uppo code of ethics. Any individual, agent, representative, consultant, partnership, corporation, and other group or legal entity whose purpose is to act on behalf of a state or governmental jurisdiction, for purposes of performing unclaimed property services, including but not limited to audits, reviews, examinations, or other compliance related procedures is not eligible for membership.”

“Members in good standing elect the directors at large and officers at the annual meeting from a slate of candidates selected by the nominating committee. The positions of treasurer, secretary and directors at large are elected every other year. The elections of the six directors at large alternate every year so three directors at large are elected each year.”

“Amendments to the organization's governing documents require approval by a majority vote of the board of directors assembled at a duly organized meeting. The changes shall not become effective until thirty (30) days after the membership has been advised of the changes and afforded the opportunity to comment in accordance with the rules set forth in the organization's standard operating procedures.”

“The form 990 is prepared by a public accounting firm based on information provided by management. The prepared return is reviewed in detail by the executive director. The organization's treasurer and finance committee will review and approve for presentation to the board of directors for approval to file with the irs.”

“The organization's conflict of interest policy requires board members to disclose conflicts that arise. Covered individuals with disclosed conflicts of interest must recuse themselves from any discussion, consideration and voting if so determined by the remaining members of the board on any and all issues that may impact such board member's interest. Remaining members of the board shall determine if a conflict exits. Proceedings related to conflicts of interest are documented in the meeting minutes.”

“All positions are outsourced. The management fee paid is determined and approved by the board.”

“The organization does not make its governing documents, conflicts of interest policy, or financial statements available to the public.”