2024-02-12T15:13:13-06:00 2023-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2022-07-01 521630673 UNIVERSITY OF MARYLAND ALUMNI ASSOCIATION UNIV 3014054678 SAMUEL RIGGS IV ALUMNI CENTER COLLEGE PARK MD 20742 PETER M CANINE CFO & COO 3014054678 2024-02-12 1 PETER CANINE XXX-XX-XXXX 0 RICHARD J LOCASTRO CPA P00288314 3019519090 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PETER M CANINE SAMUEL RIGGS IV ALUMNI CENTER COLLEGE PARK MD 20742 4361449 0 X WWW.ALUMNI.UMD.EDU X 1989 MD SEE PART III, LINE 1. 33 33 0 43 62162 0 2065093 2450111 16485 47501 149685 96986 1171111 1584073 3402374 4178671 65000 66000 0 0 400307 353591 0 0 616208 2921674 3325566 3386981 3745157 15393 433514 12347492 12559779 7095535 7002475 5251957 5557304 TO SUPPORT AND PROMOTE THE UNIVERSITY IN ITS PURSUITS OF EXCELLENCE IN TEACHING, RESEARCH AND PUBLIC SERVICE AND TO FOSTER A SPIRIT OF LOYALTY, INVOLVEMENT AND LIFE-LONG COMMITMENT TO THE UNIVERSITY BY ITS ALUMNI. 0 0 2601054 66000 47501 TO SUPPORT AND PROMOTE THE UNIVERSITY AND ITS PROGRAMS BY ENCOURAGING LIFELONG RELATIONSHIPS, RECOGNIZING ALUMNI ACHIEVEMENTS AND SUPPORTING RELATED PROGRAMS AND EVENTS. 33 STUDENTS RECEIVED SCHOLARSHIPS TOTALING $66,000. 2601054 1 1 0 0 0 0 0 0 1 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 44 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 33 33 0 0 1 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 0 0 0 MD NY X PETER CANINE 3014054678 SAMUEL RIGGS IV ALUMNI CENTER COLLEGE PARK MD 20742 X JEFFREY A RIVEST PRESIDENT 10.00 X X 0 0 0 JAMES G SPENCER IMMEDIATE PAST PRESIDENT 2.00 X X 0 0 0 KIRK D BELL PAST PRESIDENT 2.00 X X 0 0 0 LAURIE A DE ARMOND PRESIDENT-ELECT 2.00 X X 0 0 0 THEODORE A OFFIT CHAIR OF FINANCE COMMITTEE 2.00 X X 0 0 0 AMY F EICHHORST SEE SCH O E.D., SECRETARY & TREASURER 20.00 X X 0 0 0 MATTHEW M HODGE MEMBER (EX-OFFICIO) 2.00 X X 0 0 0 DARRYLL J PINES MEMBER (EX-OFFICIO) 2.00 X X 0 0 0 CARLOS F ACOSTA MEMBER 2.00 X 0 0 0 MARGUERITA M CHENG MEMBER 2.00 X 0 0 0 MARINA H COOPER MEMBER 2.00 X 0 0 0 PATRICIA G COUSINS MEMBER 2.00 X 0 0 0 JASON M FEINSTEIN MEMBER 2.00 X 0 0 0 JAZZ M LEWIS MEMBER 2.00 X 0 0 0 CATHERINE LUZIO MEMBER 2.00 X 0 0 0 NEFRETITI N NASSAR MEMBER 2.00 X 0 0 0 WILSON WANG MEMBER 2.00 X 0 0 0 BERT D WILLIAMS MEMBER 2.00 X 0 0 0 SUSAN A WOOD MEMBER 2.00 X 0 0 0 DERRIN A WOODHOUSE MEMBER 2.00 X 0 0 0 SHAYAN G ZADEH MEMBER 2.00 X 0 0 0 SUKHNEET KAUR MEMBER 1.00 X 0 0 0 CATALINA MEJIA ARENAS MEMBER 1.00 X 0 0 0 JAMESON E ROTH MEMBER 1.00 X 0 0 0 BRANDON S COLE MEMBER 1.00 X 0 0 0 HUGO E CANTU MEMBER (BEG. 09/22) 1.00 X 0 0 0 MATTHEW J JONES MEMBER 1.00 X 0 0 0 JITIN AHUJA MEMBER 1.00 X 0 0 0 ELIZABETH L READ-CONNOLE MEMBER 1.00 X 0 0 0 THOMAS P MULLINEAUX MEMBER 1.00 X 0 0 0 BARBARA D FRIEDLANDER MEMBER 1.00 X 0 0 0 KEVIN M DAVIS MEMBER 1.00 X 0 0 0 JEFFREY D KARCESKI MEMBER 1.00 X 0 0 0 PETER CANINE SEE SCH O CFO & COO 40.00 X 0 0 0 0 0 0 0 0 0 0 0 822140 1627971 2450111 TRAVEL PROGRAM REVENUE 561520 39327 39327 MEMBERSHIP MERCHANDISE 900099 9075 9075 LICENSE PLATES 900099 -901 -901 47501 85643 85643 320029 320029 1198208 0 1198208 1198208 1198208 153656 142313 11343 11343 11343 102627 40465 62162 62162 MISCELLANEOUS 900099 3674 3674 3674 4178671 47501 62162 1618897 66000 66000 353591 179892 121568 52131 3806 3715 91 49541 49541 13373 13373 81084 79138 1946 215107 39498 971 174638 624371 84724 185655 353992 220859 202262 18597 110185 99167 5509 5509 1291002 1252181 33669 5152 195171 173357 13689 8125 78580 69797 5511 3272 26886 26886 BUILDING OPERATIONS 303224 269333 21267 12624 BAD DEBT EXPENSE 72790 71195 1000 595 LICENSE & REG. 12615 12615 CAMPUS RELAT. & AWARDS 7160 7160 19812 3635 16007 170 3745157 2601054 527895 616208 2052842 2177130 42730 36710 148471 253846 29004 93520 154912 43030 3373128 2582465 628223 790663 1180052 1254058 90376 95603 8020882 7815219 12347492 12559779 79153 161084 412981 344444 56603 40282 6546798 6456665 7095535 7002475 X 4053217 4478180 1198740 1079124 5251957 5557304 12347492 12559779 X 433514 77496 -205663 0 X 0 1 X 1 0 X 2265294 1942372 2181394 2065093 2450111 10904264 137109 205663 342772 2265294 1942372 2181394 2202202 2655774 11247036 11247036 382677 456922 906797 830813 1398217 3975426 707 1959 810 3674 7150 15229612 1332867 0.73850 0.77700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 3373128 2582465 790663 790663 RENT CONTRIBUTIONS RECEIVABLE 7815219 7815219 X 7399275 77496 3156481 3233977 4165298 13373 13373 4178671 7093928 3362144 3362144 3731784 13373 13373 3745157 PART IV, LINE 2B: UMAA IS THE CUSTODIAN FOR THE DUES FUND ACCOUNT FOR THE USER/NETWORK GROUP OF BIG 10 EXECUTIVE DIRECTORS. PART X, LINE 2: FOR THE YEAR ENDED JUNE 30, 2023, THE ASSOCIATION HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 1 SCHOLARSHIPS 33 66000 PART I, LINE 2: SCHOLARSHIPS ARE MONITORED BY THE UNIVERSITY'S OFFICE OF STUDENT FINANCIAL AID. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION MADE THE FOLLOWING CHANGES TO ITS BYLAWS: ADDED A DIVERSITY, EQUITY AND INCLUSION (DEI) COMMITTEE AS A STANDING COMMITTEE OF THE BOARD, AND ADDED AN EX OFFICIO POSITION FOR THE UMD OFFICE OF DIVERSITY AND INCLUSION REPRESENTATIVE ON THE BOARD; REMOVED THE ADVOCACY COMMITTEE AS A STANDING COMMITTEE OF THE BOARD, AND REMOVED THE EX OFFICIO POSITION FOR SENIOR COUNCIL REPRESENTATIVE ON THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY OUTSIDE ACCOUNTANTS AND REVIEWED BY MANAGEMENT IN CONSULTATION WITH THE BOARD PRESIDENT AND THE FINANCE COMMITTEE CHAIR. THE FORM 990 IS THEN ALSO REVIEWED BY THE FINANCE COMMITTEE. THE FINAL FORM 990 WAS THEN PROVIDED TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD RECEIVES THE CONFLICT OF INTEREST POLICY AND A COVER LETTER FROM THE GENERAL COUNSEL IN THEIR FALL MEETING MATERIALS PACKET. THE ASSOCIATION COLLECTS A SIGNATURE FORM FROM EACH MEMBER AND KEEPS IT IN A FILE. ASSOCIATION EMPLOYEES DETERMINE IF ANY FORMS ARE MISSING, AND IF SO FOLLOW UP THROUGHOUT THE YEAR WITH A REMINDER LETTER, AS WELL AS REMINDERS AT EACH SUBSEQUENT BOARD MEETING. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST A. THE CHAIRPERSON OF THE BOARD OR COMMITTEE, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. B. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE DETERMINES WHETHER THE CORPORATION CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. C. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE DETERMINES BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE CORPORATION AND MAKES ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. VIOLATIONS OF THE CONFLICTS OF INTEREST POLICY A. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT INFORMS THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORDS THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. B. IF, AFTER HEARING THE RESPONSE OF THE MEMBER AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE BOARD OR COMMITTEE DETERMINES THAT THE MEMBER IS AN INTERESTED PERSON AND HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT TAKES APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE EXECUTIVE DIRECTOR AND THE CFO/COO OF THE ALUMNI ASSOCIATION IS DETERMINED BY THE UNIVERSITY OF MARYLAND'S POLICIES AND PROCEDURES FOR COMPENSATION DETERMINATION. THE EXECUTIVE DIRECTOR AND CFO/COO OF THE ALUMNI ASSOCIATION ARE PAID BY THE UNIVERSITY OF MARYLAND AND NOT BY THE ALUMNI ASSOCIATION. THE REVIEW TAKES PLACE ANNUALLY IN MARCH. FORM 990, PART VI, SECTION C, LINE 19 THE UNIVERSITY OF MARYLAND ALUMNI ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. SCHEDULE D, PARTS XI AND XII, LINES 2A AND 2B: THE ALUMNI ASSOCIATION RECEIVES DONATED SERVICES FROM THE UNIVERSITY OF MARYLAND THROUGH EMPLOYEES OF THE UNIVERSITY WHO WORK ON BEHALF OF THE ALUMNI ASSOCIATION. THE TWO ORGANIZATIONS ARE AFFILIATED, BUT ARE NOT RELATED AS DEFINED IN THE FORM 990 INSTRUCTIONS. THE TOTAL VALUE OF THE SERVICES PROVIDED BY THOSE EMPLOYEES TOTALED $3,156,481 FOR THE YEAR ENDED JUNE 30, 2023. INCLUDED IN THE SUPPORT OF $3,156,481 ARE THE AMOUNTS PAID FOR THE SERVICES OF THE ORGANIZATION'S EXECUTIVE DIRECTOR AND CHIEF FINANCIAL AND OPERATING OFFICER WHO ARE LISTED IN PART VII. THE FOLLOWING AMOUNTS WERE PAID BY THE UNIVERSITY TO THESE INDIVIDUALS IN THE FISCAL YEAR FOR THEIR SERVICES TO THE ASSOCIATION: AMY EICHHORST, EXECUTIVE DIRECTOR: SALARY: $163,609 FRINGE BENEFITS: $57,263 PETER CANINE, CFO & COO: SALARY: $170,571 FRINGE BENEFITS: $59,700 IN ADDITION, THE ALUMNI ASSOCIATION RECORDED $205,663 OF DONATED RENT FOR THE USE OF THE BUILDING THAT WAS TRANSFERRED TO THE UNIVERSITY OF MARYLAND FOR FY23.