2025-02-13T06:44:27-06:00 2024-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2023-07-01 521630673 UNIVERSITY OF MARYLAND ALUMNI ASSOCIATION UNIV 3014054678 RIGGS IV ALUM CTR 7801 ALUMNI DR COLLEGE PARK MD 20742 PETER M CANINE CFO & COO 3014054678 2025-02-13 1 0 X RICHARD J LOCASTRO CPA P00288314 3019519090 2023 2025-03-06 01:10:19Z X PETER M CANINE RIGGS IV ALUM CTR 7801 ALUMNI DR COLLEGE PARK MD 20742 5282499 0 X WWW.ALUMNI.UMD.EDU X 1989 MD SEE PART III, LINE 1. 30 30 0 43 33098 0 2450111 2834516 47501 34850 96986 87500 1584073 1603065 4178671 4559931 66000 62500 0 0 353591 376773 0 0 601622 3325566 3675078 3745157 4114351 433514 445580 12559779 12874791 7002475 6943014 5557304 5931777 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 2937216 62500 34850 TO SUPPORT AND PROMOTE THE UNIVERSITY AND ITS PROGRAMS BY ENCOURAGING LIFELONG RELATIONSHIPS, RECOGNIZING ALUMNI ACHIEVEMENTS AND SUPPORTING RELATED PROGRAMS AND EVENTS. 19 STUDENTS RECEIVED SCHOLARSHIPS TOTALING $62,500. 2937216 1 1 0 0 0 0 0 0 1 0 1 0 0 1 0 0 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 46 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 30 30 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 RIGGS IV ALUM CTR 7801 ALUMNI DR COLLEGE PARK MD 20742 X LAURIE A DE ARMOND PRESIDENT 10.00 X X 0 0 0 JEFFREY A RIVEST IMMEDIATE PAST PRESIDENT 2.00 X X 0 0 0 JAMES G SPENCER PAST PRESIDENT 2.00 X X 0 0 0 BERT D WILLIAMS PRESIDENT-ELECT 2.00 X X 0 0 0 WILSON WANG 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 JAMES F HARRIS III MEMBER (EX-OFFICIO) 2.00 X X 0 0 0 DARRYLL J PINES MEMBER (EX-OFFICIO) 2.00 X X 0 0 0 MARIA J BALL 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 LAURA AR CRANDON MEMBER 2.00 X 0 0 0 JAZZ M LEWIS MEMBER 2.00 X 0 0 0 ROCKY LOPES MEMBER 2.00 X 0 0 0 CATHERINE LUZIO MEMBER 2.00 X 0 0 0 ALETHIA N NANCOO MEMBER 2.00 X 0 0 0 PETER M POLOW JR 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 AMY CHING YIP MEMBER 2.00 X 0 0 0 SHAYAN G ZADEH MEMBER 2.00 X 0 0 0 ELIZABETH H O'KEEFE-MARKHAM MEMBER 1.00 X 0 0 0 DA'VEDA N JOHNSON MEMBER 1.00 X 0 0 0 BISHOP G SAKYI MEMBER 1.00 X 0 0 0 DENISE A SUGHRUE MEMBER (THROUGH 05/24) 1.00 X 0 0 0 ELIZABETH L READ-CONNOLE MEMBER 1.00 X 0 0 0 LINDA BECK PIEPLOW MEMBER 1.00 X 0 0 0 JEFFREY D KARCESKI MEMBER 1.00 X 0 0 0 KATE E PFETSCH MEMBER 1.00 X 0 0 0 JAMESON E ROTH MEMBER 1.00 X 0 0 0 ELMER GARCIA 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 ROLLI CLEANERS LLC 7102 GOOD LUCK RD LANHAM MD 20706 CLEANING, CUSTODIAL & TEMP STAFF SERVICE 178160 1 872700 1961816 2834516 TRAVEL PROGRAM REVENUE 561520 32338 32338 ALUMNI WINE PROGRAM 900099 2512 2512 34850 80962 80962 315158 315158 1254809 0 1254809 1254809 1254809 674856 668318 6538 6538 6538 87348 54250 33098 33098 4559931 34850 33098 1657467 62500 62500 376773 188635 132090 56048 7187 6829 358 57599 57599 14442 14442 70547 67030 3517 211110 30369 1593 179148 580111 80515 177396 322200 221070 198059 23011 152526 137274 7626 7626 1531877 1491603 36986 3288 192449 170431 13538 8480 114286 101211 8039 5036 30785 30785 BUILDING OPERATIONS 437675 387601 30788 19286 REPAIRS & MAINTENANCE 11583 10257 816 510 STAFF DEVELOPMENT 10259 10259 LICENSE & REG. 9195 9195 22377 4902 17475 4114351 2937216 575513 601622 2177130 2462059 36710 160482 253846 256432 93520 77050 43030 27589 3573107 2696751 790663 876356 1254058 1405268 95603 7815219 7609555 12559779 12874791 161084 253950 344444 290806 40282 34448 6456665 6363810 7002475 6943014 X 4478180 4754033 1079124 1177744 5557304 5931777 12559779 12874791 X 445580 134557 -205664 0 X 0 1 X 1 0 X 1942372 2181394 2065093 2450111 2834516 11473486 137109 205663 205664 548436 1942372 2181394 2202202 2655774 3040180 12021922 12021922 456922 906797 830813 1398217 1445265 5038014 1959 810 3674 6443 17066379 804930 0.70440 0.73850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 3573107 2696751 876356 876356 RENT CONTRIBUTIONS RECEIVABLE 7609555 7609555 8204074 134557 3481290 42738 3658585 4545489 14442 14442 4559931 7829601 3686954 42738 3729692 4099909 14442 14442 4114351 PART IV, LINE 2B: UMAA IS THE CUSTODIAN FOR THE DUES FUND ACCOUNT FOR THE USER/NETWORK GROUP OF BIG 10 EXECUTIVE DIRECTORS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD BOOKED TO EXPENSES ON THE 42,738. AUDITED FINANCIAL STATEMENTS AND INCLUDED ON PART VIII, LINE 10B. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD BOOKED TO EXPENSES ON THE 42,738. AUDITED FINANCIAL STATEMENTS AND INCLUDED ON PART VIII, LINE 10B. 1 SCHOLARSHIPS 19 62500 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: - REMOVED THE POSITION OF PAST PRESIDENT, EFFECTIVE JULY 1, 2025. - ADDED A VOTING CLAUSE THAT INCLUDES ELECTRONIC AND VIRTUAL VOTING AS WELL AS THE ABILITY TO CALL FOR A VOTE WITHOUT HOLDING A MEETING. THIS ALSO INCLUDES A MEETING OF THE MEMBERS OF THE ALUMNI ASSOCIATION. - ELIMINATED THE PARAGRAPH REFERRING TO "CONSTITUENT ORGANIZATIONS; WHICH WOULD IN EFFECT ALLOW A BOARD MEMBER OF AN ALUMNI ASSOCIATION NETWORK TO ALSO SERVE SIMULTANEOUSLY ON THE BOARD OF GOVERNORS. - AMENDED THE BY-LAWS ON HOW TO CALL A SPECIAL MEETING OF THE MEMBERS. - ADDED THE ASSISTANT VICE PRESIDENT, PEOPLE AND ENGAGEMENT AS AN EX-OFFICIO, NON-VOTING MEMBER OF THE BOARD OF GOVERNORS. 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 $3,481,290 FOR THE YEAR ENDED JUNE 30, 2024. INCLUDED IN THE SUPPORT OF $3,481,290 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: $173,504 FRINGE BENEFITS: $60,726 PETER CANINE, CFO & COO: SALARY: $181,873 FRINGE BENEFITS: $63,656 IN ADDITION, THE ALUMNI ASSOCIATION RECORDED $205,664 OF DONATED RENT FOR THE USE OF THE BUILDING THAT WAS TRANSFERRED TO THE UNIVERSITY OF MARYLAND FOR FY24.