Arizona State University Alumni Association

“In june of 2007, asuaa transferred its investment fund to the asu foundation. The asuaa funds were combined with other asu foundation funds and invested according to the asu foundation investment guidelines. Asuaa has three permanent non-voting members of the investment committee who actively participate in the management of the investment fund.”

“The association has 38,139 members as of june 30, 2014. There are no stockholders.”

“Committees review/research issues and forward a recommendation to the full board of directors for action. The full board makes the final decision.”

“Draft copies of the return are provided to all board members at board meeting(s) prior to filing. They are given time to review it and provide comments. The return is updated as necessary and filed.”

“Members of the board of directors complete annual conflict of interest documents that are reviewed by the executive director of operations for conflicts and disclosed conflicts are further discussed with the board member.”

“The salary of the president of asuaa is determined by the president of asu under university guidelines. The salaries of key employees are determined by the president of asuaa under university guidelines.”

“The organization's governing documents, conflict of interest policy and financial statements are not available to the public.”

“Arizona state university (asu) provides the payroll functions for the alumni assocation and issues the w-2's. Therefore, the alumni association does not issue any w-2's under its name and federal employer i.d. Number which is why 0 is listed on line 2a.”

“The arizona state university alumni association has an audit committee that has oversight for the audit. The committee interviews independent accountants for accounting services and makes a recommendation to the board of directors. The board of directors decides which firm should be selected. There was no change in the process during the tax year.”