Ara Parseghian Medical Research Foundation

“Relationships among the officers and directors are as follows: michael a. And cindy k. Parseghian are husband and wife. Ara r. And michael a. Parseghian are father and son. Ara michael parseghian is the son of michael a. And cindy k. Parseghian. Cindy k. Parseghian and bernard a. Buescher are sister and brother. James f. Burke is michael a. Parseghian's brother-in-law.”

“The form 990 is reviewed by the controller and the president and questions are discussed with the paid tax preparer. If changes are made, the tax return is reviewed again by the controller and the president. After this, a copy is forwarded to the full board of directors for their review prior to filing.”

“All officers and directors are required to annually sign a conflict of interest disclosure. The disclosure asks for family relationships, business relationships including employment and contractual relationships, and disclosure of any transactions with the organization either directly or indirectly. The disclosure forms are then reviewed by the entire board. It is expected that officers and directors will not engage in any transactions that may give rise to a conflict of interest. If it is determined by the board that a potential conflict exists, that member may be asked to resign from the board.”

“Salary is reviewed annually for the president and is based on comparable compensation for similarly qualified persons in comparable positions at similarly situated organizations. The salary must be approved by the board of directors. The president is not permitted to vote on her own salary.”

“The organization's form 1023 and form 990 are available on request. Form 990 is also available on www.guidestar.org and www.charitynavigator.org.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public on request.”

“During the fiscal year, the university of notre dame acquired all of the assets of ara parseghian medical research foundation as well as the rights to all future donations, gifts, contributions, and bequests made to the organization. As a result, the operations of the organization have ceased as of 6/30/2017. The organization still exists as a non-profit corporation under arizona state law, however it no longer owns assets, liabilities, or the right to receive gifts, donations, contributions, or bequests.”

“Recovery of unused grant funds 17,109.”