Higher Education Consortium for Student

“The voting membership of the corporation is comprised of two classes of members (organizations or associations): (a) founding voting specialty members, and, (b) the founding general voting member, the national association of student personnel administrators.”

“The founding voting specialty members, which includes the six members accepted into voting membership, who are empowered to vote to elect founding specialty directors; and, (b) the founding general voting member, the national association of student personnel administrators, which is empowered to elect the four founding general directors.”

“The 990 was prepared by outside accountants and will be reviewed during the july board meeting.”

“The consortium has a conflict of interest policy . The policy provided that all board members and staff members comply with and annually sign a conflict of interest statement. All statements are reviewed by theexecutive officers. If there is a conflict of interest, it is resolved as follows: if a conflict arises with an employee or volunteer, the executive officers meet with the employee or volunteer to resolve the conflict. If a conflict arises with an executive officer, the officer meets with the executive committee to resolve the conflict. If a conflict arises with a board member, the member meets with the executive committee to resolve the conflict. The process for resolution is as follows: board action - when a conflict of interest is relevant to a matter requiring action by the board, the interested person calls it to the attention of the board and that person does not vote on the matter. In addition, the interested person does not participate in the final decision or related deliberation regarding the matter under consideration. When there is a doubt as to whether a conflict exists, the matter is resolved by a vote of the board of directors, excluding the interested person. Record of conflict - the official minutes of the board reflect that the conflict of interest was disclosed and the interested person did not participate in the final discussion and did not vote on the matter.”

“During the current tax year, the board conducted the executive directors' performance evaluation and determined the executive director's compensation.”

“The organization makes its governing documents, conflict of interst policy and financial statements availble upon request.”

“As part of naspa's member agreement with the consortium, it has agreed to fund the additional amounts needed to cover initial investment costs beyond membership fees paid by the six specialty members. All consortium expenses paid by naspa will be tracked as liabilities due to naspa. Once the consortium general operating fund shows an audited positive total net income for the fiscal year, naspa will receive a revenue share of the consortium total net income which will be used to satisfy the liability.”