University Athletic Association Inc

“The organization's members are limited to member institutions of the corporation. Eligibility to become a member institution is based on the following: (i) granting of a baccalaureate degree; (ii) being fully accredited;(iii) having strong graduate programs; (iv) being classified as division iii by the national collegiate athletic association; and (v) observing the principles set forth in the corporation's bylaws.”

“Each member organization's president serves on the board of the organization.”

“Form 990 is reviewed by the executive officers committee and signed by the executive vice president.”

“The presidents council has adopted a conflict of interest policy. A copy of the policy and an agreement form is provided to each board member and officer annually. The forms are collected and held by the executive vice president.”

“The organization annually reviews comparable compensation for management positions with similar roles to establish reasonable compensation.”

“The organization was formed in 2019 and filed form 1023 on april 23, 2021. The organization has recently received its determination letter and will post form 1023, form 990 and its financial statements on its own website.”

“The organization is not aware of any compensation paid to board members by the respective member organizations specifically related to service on the organization's board. It is believed that such board service generally represents a de minimis portion of a board member's overall activities.”

“The organization arranges for administrative services through administrative services arrangements with case western reserve university (cwru) and the university of rochester (ur) that are structured to provide for an arm's length relationship, with costs allocated to uaa at no more than fair market value, on a no gain, no no loss basis. Such administrative services include, without limitation, legal, accounting, finance, marketing, communications, human resources, information technology, clerical, grant consulting and management services. Costs to be paid by uaa include, without limitation, amounts for shared expenses that cwru and/or the ur reasonably determine are uaa's proportional share of the applicable expense; provided, however, that uaa shall not be required to pay to cwru and/or the ur any costs that are not allowable under applicable cost accounting rules, the federal acquisition regulation and applicable law. Among other things, the salaries and employee benefits for the executive vice president are covered under the administrative services arrangement with ur.”

“The board has not changed its process for selecting the independent auditor nor have they changed the oversight of the review from prior years.”