Alpha Delta Alumni Association

“The treasurer provides a financial update during each semi-annual board meeting. A copy of the 990 is provided to the board members and is open to discussion during the board meeting annually.”

“The association's semi-annual board meetings include a review of the financial statements and are open to individuals who wish to attend.”

“The following parts were amended as described below: part 1 - line g - gross receipts changed for the reasons noted below. - line 7a - unrelated business income (investment income) is now reported on line 7a. - line 10 - unrealized gains were removed from investment income. Investment fees and foreign taxes were also removed and reported separately as expenses. - line 12 - total revenue changed as a result of the above change to line 10. - line 17 - other expenses were changed to include investment fees and foreign taxes paid. - line 18 - total expenses changed as a result of the above changes to line 17. - line 19 - revenue less expenses changed as a result of the above changes to lines 10 and 17. Part v - line 7e and 7f were marked no in the previous year. On the amended return, these questions were left blank as the organization does not receive deductible contributions under section 170(c) and thus does not need to answer questions 7e and 7f. Part viii - line 3 - unrealized gains, capital gain distributions, investment fees, and foreign taxes paid were removed from investment income on line 3 and reported elsewhere as noted below. - line 7 - capital gain distributions are now reported on line 7. - line 12 - total revenue changed as a result of the above changes. Part ix - line 11f - investment management fees are now reported on line 11f. - line 24e - foreign taxes paid are now reported on line 24e. - line 25 - total expenses changed as a result of the above changes. Part x - line 1 - savings and investments were moved from line 1 to lines 2 and 11, respectively. - line 2 - cds and money market savings accounts are now reported on line 2. - line 11 - investments are now reported on line 11. Part xi - line 1 - total revenue changed as a result of the changes described above. - line 2 - total expenses changed as a result of the changes described above. - line 3 - revenue less expenses changed as a result of the changes described above. - line 5 - unrealized gains (losses) on investments are now reported on line 5.”