Asu Enterprise Partners Outreach Hub

“Members or stockholders asu enterprise partners (ep) serves as the sole member of the organization, and provides them with various supporting services, such as legal, human resources, financial services, and marketing and technical services. In addition, manages the reserves and provides guidance and oversight of the organization.”

“Members with powers to elect or appoint asu enterprise partners as the sole member has the power to elect or appoint members of the governing body of oh.”

“Decisions subject to approval per the bylaws of oh, the following actions shall not be taken by the corporation without the approval of the member: election and removal of directors, amendment of the articles of incorporation of the corporation, amendment of the bylaws of the corporation, merger, consolidation or dissolution of the corporation, the creation of any subsidiaries or affiliates of the corporation, adoption of the strategic and annual business plans and adoption of the annual budget prepared by the corporation and any actions taken by the corporation, the selection and retention of the ceo of the corporation, the making of any capital expenditures, the selection of the manner and location of investment of any financial assets, the creation or extension of any loans by or any borrowing by the corporation or the sale of any capital assets by the corporation.”

“Form 990 review process oh's form 990, return of organization exempt from income tax, is prepared by an outside accounting firm. The draft is submitted to oh's management for review and accuracy of reporting. The board of directors has delegated review of the form 990 to the audit committee of asu enterprise partners ("ep"). Management and a representative of the outside accounting firm review the form 990 with the audit committee. Once approved and accepted by the audit committee, a full copy of the form 990 is provided to the entire board of directors. It is then signed by the treasurer and submitted electronically to the irs.”

“Upon hire and on an annual basis, all employees and board members are required to disclose any conflicts or potential conflicts relating to their involvement with oh. In addition, any time the employee becomes aware of a new conflict, they are required to submit an updated conlict of interest/commitment form to ep's general counsel. Any identified conflicts would be reviewed by the board chair and the ceo to determine any mitigation actions needed.”

“Documents made available to the public the form 1023 and form 990 for oh are available upon request. Oh does not make its governing documents, conflict of interest policy, and financial statements available to the public.”

“Consulting fees: program service expenses 366,661. Management and general expenses 68,097. Fundraising expenses 0. Total expenses 434,758.”