Stockton Affiliated Services Inc

“Delegated authority the executive committee of the board shall consist of the chair, the vice chair, the secretary-treasurer, and the president of stockton affiliated services, inc. In addition, the board may, in its discretion appoint an additional member of the board to serve on the executive committee. The term of any such appointment, if made in any given year, shall be one year provided such individual continues to serve as a board member. To the extent allowed by law, the executive committee shall be vested with all the powers and obligations of the board of directors in between board meetings. Any time immediate action is required to be taken by the executive committee, such action shall be ratified at the next regularly scheduled board meeting. At all meetings of the executive committee, a majority of the members of the executive committee shall be necessary and sufficient to constitute a quorum for the transaction of business; at a meeting at which there is a quorum present, action by a majority of a quorum shall be the act of the executive committee.”

“Members or stockholders with power of appointment stockton university's board of trustees appoints the board of directors for stockton affiliated services, inc. The president of the university nominates the members of the board of directors. The president of stockton university, or his/her designee, shall be chair of the board and have continuous appointment on the board.”

“Committee meetings while there are no formal minutes taken at authorized committee meetings, staff support members present do take notes regarding decisions that are made and follow-up actions that must be taken.”

“Form 990 review process the form 990 is prepared by an outside public accounting firm based on information submitted by management of the organization. The prepared 990 is electronically sent to the university board chair and audit committee chair for review and comment prior to filing with the irs.”

“Conflict of interest policy monitoring & enforcement the conflict of interst policy is reviewed and forms are completed annually. Managerial level staff review the forms. All individuals with decision making authority are covered under the policy. Potential conflicts are reviewed between the president of stockton affiliated services, inc. And the board chair. The board discusses actual conflicts. Persons with a conflict are required to recuse themselves from discussion of the substance of any matter touching on the conflict and to refrain from participating in any decisions relating to the area of conflict.”

“Process for determining compensation the organization does not itself compensate any of the top management officials or other officers of the organization. A related organization establishes the compensation of those individuals compensated by that entity.”

“How documents are made available to the public governing documents, conflict of interest policy and financial statements are available upon request.”

“Food service: program service expenses 5,947,163. Total expenses 5,947,163. Transportation: program service expenses 781,998. Management and general expenses 24,453. Total expenses 806,451. Rental properties: program service expenses 700. Total expenses 700. Azeez: program service expenses 7. Total expenses 7. General and admin: management and general expenses 23. Total expenses 23.”

“Transfer of net deficit to stockton university upon dissolution 543,798.”