Arizona State University Alumni Association

“Chris hill and darren skarecky have a family relationship. Fred reish and gregory brewster also have a family relationship.”

“The investments of the asu alumni association are managed by asu enterprise partners (formerly asu foundation).”

“Members of the association are classified as non-paying or paying (annual or life) members. All graduates of arizona state university are members of the arizona state university alumni association.”

“No committees are authorized to act on behalf of the governing body. All actions must be voted upon by the board of directors.”

“The director of finance works with the accounting firm to prepare the tax return. The draft returns are reviewed by the director of finance and then reviewed by the president /ceo. They are then provided to all board members for review. The director of finance answers all questions from the board (either at a board meeting or email) and has any changes made. After the board's review, the returns are filed.”

“Board members are asked to provide us with information related to any conflict of interest they may have annually. Operationally, because asuaa staff are employees of the state of arizona, we are required to comply with the state of arizona's purchasing regulations, which adds another layer of protection from conflicts of interest.”

“The salary of the president of asuaa is determined by the president of asu under university guidelines. The salaries of senior 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 alumni association (asuaa) staff are employees of arizona state university (asu). Asu issues and files the w-2s as required. Asuaa does not have any employees and, therefore, is not required to file, and does not file, any w-2's or other payroll tax reports. Since asuaa, through its funding by asu, reimburses the compensation of asu employees working full time for asuaa, this compensation expense is reported on lines 7 through 10 in the part ix statement of functional expenses.”

“Bad debt expense -10,126.”

“Arizona state university alumni association has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. There was no change in the process during the tax year.”