2013-06-12T10:18:53-05:00 2012-07-31 351178661 BLUE & CO LLC 12800 N MERIDIAN ST SUITE 400 CARMEL IN 46032 990 2011-08-01 310949882 ALPHA CHI OMEGA FOUNDATION INC ALPH 3175795050 5939 CASTLE CREEK PKWY NORTH DRIVE INDIANAPOLIS IN 462504343 TAMI SHIELDS SILVERMAN 3175795050 2013-06-10 1 ANGELA N CRAWFORD P00573197 3178488920 2013-06-10 2011 2016-03-07 17:11:31Z TAMI SHIELDS SILVERMAN 5939 CASTLE CREEK PKWY N INDPLS IN 46250 6145868 0 X WWW.ALPHACHIOMEGA.ORG X 1978 IN TO SUPPORT CHARITABLE, LITERARY AND EDUCATIONAL PURPOSES INCLUDING, BUT NOT LIMITED TO, SCHOLARSHIPS, EDUCATIONAL AND CHARITABLE ASSISTANCE GRANTS, LEADERSHIP AND EDUCATIONAL TRAINING, PHILANTHROPIC AND DOMESTIC VIOLENCE AWARENESS PROGRAMMING, AND OTHER CHARITABLE AND EDUCATIONAL PURPOSES. 12 12 0 100 0 0 1395337 2356488 0 0 649472 737746 741 0 2045550 3094234 402946 810237 0 0 467455 511871 0 0 612465 515015 803951 1385416 2126059 660134 968175 14587372 15758173 215448 227347 14371924 15530826 X SUPPORT THE EDUCATIONAL AND PHILANTHROPIC PURPOSES OF ALPHA CHI OMEGA THROUGH EFFECTIVE FUNDRAISING AND STEWARDSHIP OF FINANCIAL RESOURCES. 0 0 102813 102813 THE ORGANIZATION SUPPORTS DEVELOPMENT OF THE 4-YEAR MEMBER EXPERIENCE AS A RESEARCH-BASED, STUDENT-DEVELOPMENT FOCUSED PROGRAM THAT PROVIDES CURRICULUM BASED ON LIFE-SKILLS FOR ALL FOUR YEARS OF COLLEGIAN'S UNDERGRADUATE EXPERIENCE. THREE PIECES OF THE PROGRAM WERE PILOT TESTED IN 2010 AND 2011 IN 10 CHAPTERS: BUCKNELL UNIVERSITY, PURDUE UNIVERSITY, FLORIDA STATE UNIVERSITY, SAM HOUSTON STATE UNIVERSITY, MINNESOTA STATE UNIVERSITY-MANKATO, UNIVERSITY OF NORTH CAROLINA-CHAPEL HILL, CAL POLY UNIVERSITY-SAN LUIS OBISPO, UNIVERSITY OF CALIFORNIA-SAN DIEGO, SOUTHERN METHODIST UNIVERSITY, QUINNIPIAC UNIVERSITY. 27946 27946 LEADERSHIP ACADEMY IS A FRATERNITY-SUPPORTED PROGRAM THAT PROVIDED TRAINING AND EDUCATION TO ALL CHAPTER PRESIDENTS, VICE PRESIDENTS OF RISK MANAGEMENT, CHAPTER ADVISORS AND PROVINCE COLLEGIATE CHAIRS. THE TRAINING INCLUDED SESSIONS THAT FOCUSED ON EFFECTIVE LEADERSHIP STRATEGIES IN SUCH AREAS AS ACTION PLANNING, VALUES AND ETHICS, DECISION-MAKING, CONFLICT MANAGEMENT, AND FACILITATION SKILLS. THE SKILLS NEEDED TO BE A CHAPTER OFFICER FIND THEIR FOUNDATION IN BASIC LIFE SKILLS THAT ENABLE OUR MEMBERS TO BE MORE SUCCESSFUL WITHIN THEIR INTERPERSONAL INTERACTIONS, AS LEADERS FOR THEIR CAMPUSES AND COMMUNITIES, AND FOR THEIR LIVES BEYOND THEIR EXPERIENCES IN COLLEGE. 59963 56963 INTUNE IS A RETREAT-LIKE EXPERIENCE DESIGNED TO HELP INDIVIDUAL MEMBERS AND THE ENTIRE CHAPTER RECOGNIZE AND ARTICULATE THEIR PERSONAL AND ORGANIZATIONAL VALUES WHILE CREATING ORGANIZATIONAL ACTION PLANS. IN ADDITION, PARTICIPANTS HAVE THE OPPORTUNITY TO FURTHER DEVELOP AND STRENGTHEN RELATIONSHIP BUILDING SKILLS WITH ONE ANOTHER THROUGHOUT THE PROGRAM.THE INTENT IS THAT PARTICIPANTS LEAVE WITH RELEVANT LIFE SKILLS AND A GREATER UNDERSTANDING OF WHAT IT MEANS TO BE A MEMBER OF AN ORGANIZATION. THE INTUNE CURRICULUM IS DESIGNED AROUND A NUMBER OF INTERACTIVE ACTIVITIES BASED UPON HAVING REAL CONVERSATION WITH INDIVIDUALS WHICH FURTHER DEVELOPS INDIVIDUAL COMMUNICATION SKILLS. 879477 619515 OTHER PROGRAM SERVICES INCLUDE SCHOLARSHIPS, MEMBER ASSISTANCE, EDUCATION ASSISTANCE, LOVE & LOYALTY GRANTS AND CONTRIBUTIONS TO OTHER ORGANZIATIONS. 879477 619515 1070199 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 2 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 IN X TAMI SHIELDS SILVERMAN 3175795050 5939 CASTLE CREEK PKWY N DR INDIANAPOLIS IN 462504343 X X SONJA COOK GREENBAUM 4.00 X 0 0 0 MERLYNN HARRIS PITCHER 4.00 X 0 0 0 MARY MCMURTRY WINKLER 4.00 X 0 0 0 MARY KACMARCIK BAKER 4.00 X X 0 0 0 JILL VEIGEL JAVORS 4.00 X 0 0 0 DONNA SMITH CHERECK 4.00 X 0 0 0 DIANE WILSON BLACKWELDER 4.00 X 0 0 0 SUZIE MCCLENDON SYMCOX 4.00 X X 0 0 0 ANNE E HELLIWELL 10.00 X X 0 0 0 KATHLEEN EVANCO BROWN 4.00 X 0 0 0 MARSHA KING GRADY 4.00 X 0 0 0 MAXINE BIZON MAZUR 4.00 X 0 0 0 CHERI E O'NEILL 18.00 X 0 0 0 0 0 0 0 0 0 0 0 2356488 31720 2356488 481824 481824 3307556 3051634 255922 255922 255922 3094234 0 0 737746 666600 666600 143637 143637 433138 137730 165025 130383 43843 15896 19035 8912 34890 10483 14920 9487 30398 30398 15500 15500 53474 53474 22604 4723 17881 289862 35216 77256 177390 5116 5116 27634 8290 11330 8014 113017 14231 21377 77409 137771 29816 8312 99643 8935 162 8773 DIRECT MAIL EXPENSE 59899 59899 LYRE EXPENSE 15000 7500 7500 TAXES & LICENSES 8520 8520 BANK SERVICE CHARGES 7748 7748 8473 800 499 7174 2126059 1070199 443395 612465 800101 851624 779792 696379 384117 1110855 549468 500000 254672 186376 77230 68296 9061730 9182896 2871770 3260265 63164 87858 14587372 15758173 215448 227347 215448 227347 X 1999774 1978710 2427573 2889033 9944577 10663083 14371924 15530826 14587372 15758173 X 968175 190727 X X 0 1 1 X 0 X 1176397 1398611 949601 1395337 2356488 7276434 1176397 1398611 949601 1395337 2356488 7276434 7276434 590577 470921 203110 409731 481824 2156163 148 582 741 1471 9434068 0.77130 0.72970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8839777 343253 327322 192126 54792 199867 9063567 7973896 170119 1049526 118710 49860 185194 8839777 7251740 150932 821461 47172 203065 7973896 8023028 368463 -934423 50404 154924 7251740 0.82270 0.17730 0 0 171389 103540 67849 83283 82836 447 68296 ARTWORK 52950 C BENEFICIAL INTEREST IN PERPETUAL TRUST 3207315 F 3260265 3094234 2126059 968175 -200358 391085 190727 1158902 3284961 -200358 391085 190727 3094234 0 3094234 2126059 0 2126059 0 2126059 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: PART X, LINE 2: INCOME TAX STATUS: THE FOUNDATION IS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE AND RELATED STATE LAWS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY VARIOUS FEDERAL AND STATE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION, AND HAS CONCLUDED THAT AS OF JULY 31, 2012 AND 2011, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. AS SUCH, THE FOUNDATION IS GENERALLY EXEMPT FROM INCOME TAXES. HOWEVER, THE FOUNDATION IS REQUIRED TO FILE FEDERAL FORM 990 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX AND A CORRESPONDING STATE RETURN, WHICH ARE INFORMATIONAL RETURNS ONLY. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 388,495. INCREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES 2,590. TOTAL TO SCHEDULE D, PART XI, LINE 8: 391,085. PART XII, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 388,495. INCREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES 2,590. 1 ALPHA CHI OMEGA FRATERNITY INC 5939 CASTLE CREEK PARKWAY NORTH DRIVE INDIANAPOLIS IN 46250 350141875 501(C)(7) 262397 EDUCATIONAL GRANTS EASTER SEALS INC 233 SOUTH WACKER DRIVE SUITE 2400 CHICAGO IL 60606 352171729 501(C)(3) 5773 PHILANTHROPIC GRANT ALTERNATIVES TO DOMESTIC VIOLENCE PO BOX 910 RIVERSIDE CA 92502 953212844 501(C)(3) 5727 PHILANTHROPIC GRANT AMERICAN CANCER SOCIETY 1684 BARNETT SHOALS ROAD ATHENS GA 30605 580659875 501(C)(3) 10000 PHILANTHROPIC GRANT BOSTON AREA RAPE CRISIS CENTER 99 BISHOP ALLEN DRIVE CAMBRIDGE MA 02139 042974983 501(C)(3) 8010 PHILANTHROPIC GRANT CENTER FOR COMMUNITY SOLUTIONS 4508 MISSION BAY DRIVE SAN DIEGO CA 92109 956379598 501(C)(3) 11054 PHILANTHROPIC GRANT DOMESTIC VIOLENCE SERVICES OF GREATER NEW HAVEN 127 WASHINGTON AVENUE EAST BUILDING 2ND FLOOR NEW HAVEN CT 06519 222598799 501(C)(3) 25650 PHILANTHROPIC GRANT GENESIS WOMEN'S SHELTER 4411 LEMMON AVENUE SUITE 201 DALLAS TX 75219 751881365 501(C)(3) 31875 PHILANTHROPIC GRANT GRACEHAVEN PO BOX 541 DUBLIN OH 43017 262471442 501(C)(3) 17000 PHILANTHROPIC GRANT HUBBARD HOUSE PO BOX 4909 JACKSONVILLE FL 32201 591814635 501(C)(3) 10800 PHILANTHROPIC GRANT MIDDLE WAY HOUSE PO BOX 95 BLOOMINGTON IN 47402 237300355 501(C)(3) 6368 PHILANTHROPIC GRANT SAAFE HOUSE PO BOX 1893 HUNTSVILLE TX 77342 760155364 501(C)(3) 8325 PHILANTHROPIC GRANT SAFE HAVEN TARRANT COUNTY 401 WEST SANFORD SUITE 1400 ARLINGTON TX 76011 272643983 501(C)(3) 13050 PHILANTHROPIC GRANT SISTERCARE INC PO BOX 1029 COLUMBIA SC 29202 570722427 501(C)(3) 5726 PHILANTHROPIC GRANT SOJOURN 1453 16TH STREET SANTA MONICA CA 90404 956143865 501(C)(3) 17372 PHILANTHROPIC GRANT THE FREEDOM HOUSE PO BOX 16 WENTWORTH NC 27375 561138753 501(C)(3) 6320 PHILANTHROPIC GRANT THE GOOD SHEPHERD SHELTER PO BOX 19487 LOS ANGELES CA 90019 951652906 501(C)(3) 7869 PHILANTHROPIC GRANT THE WOMEN'S CENTER 1723 HEMPHILL FORT WORTH TX 76110 751501868 501(C)(3) 38316 PHILANTHROPIC GRANT THE WOMEN'S CENTER OF SOUTHEASTERN MICHIGAN 510 SOUTH MAPLE ROAD ANN ARBOR MI 48103 364338567 501(C)(3) 6624 PHILANTHROPIC GRANT WOMEN AGAINST ABUSE 100 SOUTH BROAD STREET SUITE 1341 PHILADELPHIA PA 19110 231984838 501(C)(3) 9000 PHILANTHROPIC GRANT WOMEN'S RESOURCE CENTER OF THE NEW RIVER VALLEY 1217 GROVE AVENUE RADFORD VA 24141 541121334 501(C)(3) 13500 PHILANTHROPIC GRANT WOMEN'S SHELTER OF EAST TEXAS INC PO BOX 510 LUFKIN TX 75902 751694437 501(C)(3) 7000 PHILANTHROPIC GRANT YWCA NASHVILLE 1608 WOODMONT BOULEVARD NASHVILLE TN 37215 620475702 501(C)(3) 7739 PHILANTHROPIC GRANT EDUCATIONAL GRANTS 202 143637 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE GRANTS ARE ADMINISTERED BY ALPHA CHI OMEGA FOUNDATION STAFF WITH THE ASSISTANCE OF COMMITTEES. EACH TYPE OF GRANT HAS SPECIFIC CRITERIA THAT MUST BE MET IN ORDER TO BE AWARDED. ONCE THE GRANT IS ACCEPTED, A GRANT ACCEPTANCE AGREEMENT IS SIGNED BY THE DONEE, WHICH STATES THAT "IF FOR ANY REASON, THEY WILL NO LONGER USE THE GRANT FOR THE ORIGINALLY SPECIFIED PURPOSE OR IS UNABLE TO ACCEPT THE GRANT, THE GRANT MUST BE REPAID TO THE ALPHA CHI OMEGA FOUNDATION". THE GRANT THAT IS AWARDED TO THE ALPHA CHI OMEGA FRATERNITY, INC. IS MONITORED ON A QUARTERLY BASIS. EACH REQUEST FOR MONIES MUST BE SUBSTANTIATED FOR THE PARTICULAR USE AS SPECIFIED IN THE GRANT REQUEST. THE PROCEDURE REQUIRES THE ALPHA CHI OMEGA FRATERNITY TO REPORT AT THE END OF THE FISCAL YEAR THE SPECIFIC USE OF THE GRANT MONIES TO THE BOARD OF TRUSTEES. X 6 31720 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE UPDATED TO REFLECT A CHANGE IN COMPOSITION OF THE BOARD OF TRUSTEES. ARTICLE V BOARD OF TRUSTEES (A) ALL MEMBERS OF THE BOARD OF TRUSTEES OF THIS CORPORATION SHALL BE MEMBERS OF ALPHA CHI OMEGA FRATERNITY. (B) THE CORPORATION SHALL BE MANAGED BY A BOARD OF TRUSTEES. THE BOARD OF TRUSTEES SHALL BE DIVIDED INTO FOUR (4) CLASSES: NATIONAL COUNCIL TRUSTEES, STUDENT TRUSTEES, TRUSTEES, AND THE PAST NATIONAL PRESIDENT TRUSTEE. THE BOARD OF TRUSTEES SHALL CONSIST OF UP TO SEVENTEEN (17) MEMBERS, THREE (3) OF WHOM SHALL BE NATIONAL COUNCIL TRUSTEES, ONE OF WHOM SHALL BE THE IMMEDIATE PAST NATIONAL PRESIDENT, UP TO FOUR OF WHOM WILL BE STUDENT TRUSTEES AND NINE (9) OF WHOM SHALL BE TRUSTEES. 1) "NATIONAL COUNCIL TRUSTEES" THERE SHALL BE THREE NATIONAL COUNCIL TRUSTEES: THE PERSON WHO FROM TIME TO TIME IS THE NATIONAL PRESIDENT OF ALPHA CHI OMEGA FRATERNITY, INC. AND TWO NATIONAL VICE PRESIDENTS OF ALPHA CHI OMEGA FRATERNITY, INC. THE NATIONAL COUNCIL OF ALPHA CHI OMEGA FRATERNITY, INC. ("NATIONAL COUNCIL" SHALL ELECT FROM ITS MEMBERS THE TWO NATIONAL VICE PRESIDENTS WHO WILL SERVE AS NATIONAL COUNCIL TRUSTEES. THIS CLASS SHALL SERVE AS NATIONAL COUNCIL TRUSTEES FOR THE SAME PERIOD AS THEIR SERVICE ON THE NATIONAL COUNCIL; UPON CEASING TO BE A MEMBER OF THE NATIONAL COUNCIL, A PERSON AUTOMATICALLY SHALL CEASE TO BE A NATIONAL COUNCIL TRUSTEE. 2) "TRUSTEES". TRUSTEES SHALL SERVE, UNLESS EARLIER REMOVED, FOR A TERM OF THREE (3) YEARS AND/OR UNTIL THEIR SUCCESSORS ARE QUALIFIED. TRUSTEES SHALL BE ELECTED BY A MAJORITY VOTE OF THE "TRUSTEE CLASS" OF THE BOARD OF TRUSTEES; THE TRUSTEE CLASS SHALL BE THE THEN-SERVING TRUSTEES. 3) "STUDENT TRUSTEES". UP TO FOUR STUDENTS WILL BE ELECTED BY ALL VOTING MEMBERS OF THE BOARD OF TRUSTEES FOR A PERIOD OF ONE YEAR. THE STUDENT TRUSTEES WILL HAVE VOICE BUT NO VOTE. THE STUDENTS WILL NOT BE COMPENSATED FOR THEIR SERVICE ON THE BOARD OF TRUSTEES. 4) "PAST NATIONAL PRESIDENT TRUSTEE": THE IMMEDIATE PAST NATIONAL PRESIDENT OF ALPHA CHI OMEGA FRATERNITY, INC. WILL REMAIN ON THE BOARD OF TRUSTEES FOR A TERM OF ONE YEAR FOLLOWING THE COMPLETION OF HER TERM AS NATIONAL PRESIDENT. SHE WILL HAVE A VOTE. (C) THE TRUSTEES AND NATIONAL COUNCIL TRUSTEES SHALL ELECT A FOUNDATION NOMINATING COMMITTEE ("FNC") OF THREE MEMBERS AND SHALL ELECT THE FNC CHAIR. TWO FNC MEMBERS SHALL BE MEMBERS OF THE BOARD OF TRUSTEES (TRUSTEES AND NATIONAL COUNCIL TRUSTEES ARE ELIGIBLE TO SERVE), AND ONE FNC MEMBER SHALL NOT BE A MEMBER OF THE BOARD OF TRUSTEES. THE CURRENT CHAIR OF THE BOARD OF TRUSTEES CANNOT SERVE ON THE FNC. 1) THE FNC CHAIR WILL CONTACT TRUSTEES WITH TERMS EXPIRING JULY 31 OF THE CURRENT YEAR TO DETERMINE EACH TRUSTEE'S INTEREST IN SERVING ANOTHER TERM. 2) THE FNC AND FOUNDATION STAFF LIASON WILL CANVAS VOLUNTEER OFFICERS, ALUMNAE ASSOCIATION CHAIRS, TRUSTEES AND STAFF TO IDENTIFY PROSPECTIVE TRUSTEE CANDIDATES. 3) THE FNC WILL PRESENT TRUSTEE CANDIDATES FOR THE NEXT TERM TO THE BOARD OF TRUSTEES FOR ITS CONSIDERATION. (D) TRUSTEE ELECTIONS WILL PROCEED AS FOLLOWS. VACANCIES CREATED BY A DECREASE IN THE NUMBER OF TRUSTEES SHALL BE FILLED BY MAJORITY VOTE OF THE TRUSTEE CLASS OF THE BOARD OF TRUSTEES, AND THE UNEXPIRED PORTION OF THE TERM OF TRUSTEES WHO DIE, RESIGN OR FOR OTHER REASONS CEASE TO SERVE AS TRUSTEES SHALL BE FILLED BY MAJORITY VOTE OF THE TRUSTEE CLASS OF THE BOARD OF TRUSTEES. THE CHAIR OF THE BOARD WILL HAVE VOICE AND VOTE IN TRUSTEE ELECTIONS. A SITTING TRUSTEE WHO IS A TRUSTEE CANDIDATE WILL RECUSE HERSELF FROM THE ELECTION DISCUSSION AND VOTE. TRUSTEES WILL BE ELECTED BY A MAJORITY VOTE OF THE TRUSTEE CLASS OF THE BOARD OF TRUSTEES PRESENT AND REMAINING AFTER RECUSAL. NATIONAL COUNCIL TRUSTEES, THE PAST NATIONAL PRESIDENT TRUSTEE AND STUDENT TRUSTEES HAVE VOICE BUT NO VOTE IN TRUSTEE ELECTIONS. TRUSTEE ELECTIONS SHALL BE HELD NO LATER THAN SEPTEMBER 30TH OF EACH YEAR (E) EXCEPT FOR TRUSTEE AND OFFICER ELECTIONS EVERY VOTING MEMBER OF THE BOARD OF TRUSTEES SHALL HAVE THE RIGHT TO ONE VOTE ON EACH QUESTION TO BE DECIDED BY THE BOARD. (F) A MAJORITY OF THE NUMBER OF THE BOARD OF TRUSTEES ELECTED AND QUALIFIED FROM TIME TO TIME SHALL BE NECESSARY TO CONSTITUTE A QUORUM FOR THE TRANSACTION OF ANY BUSINESS, AND THE ACT OF A MAJORITY OF THE BOARD OF TRUSTEES PRESENT AT A MEETING AT WHICH A QUORUM IS PRESENT SHALL BE THE ACT OF THE BOARD OF TRUSTEES UNLESS THE ACT OF A GREATER NUMBER IS REQUIRED BY LAW, THE ARTICLES OF INCORPORATION OR THESE BYLAWS. A BOARD OF TRUSTEE MEMBER WHO IS PRESENT AT A MEETING OF THE BOARD OF TRUSTEES AT WHICH ACTION ON ANY CORPORATE MATTER IS TAKEN, SHALL BE CONCLUSIVELY PRESUMED TO HAVE ASSENTED TO THE ACTION TAKEN, UNLESS 1) HER DISSENT SHALL BE AFFIRMATIVELY STATED BY HER AT AND BEFORE THE ADJOURNMENT OF SUCH MEETING (IN WHICH EVENT THE FACT OF SUCH DISSENT SHALL BE ENTERED BY THE SECRETARY OF THE MEETING IN THE MINUTES OF THE MEETING) OR 2) SHE SHALL FORWARD SUCH DISSENT BY REGISTERED MAIL TO THE SECRETARY OF THE CORPORATION IMMEDIATELY AFTER THE ADJOURNMENT OF THE MEETING. THE RIGHT TO DISSENT PROVIDED BY EITHER CLAUSE (I) OR CLAUSE (II) OF THE IMMEDIATELY PRECEDING SENTENCE SHALL NOT BE AVAILABLE IN RESPECT OF ANY MATTER ACTED UPON AT ANY MEETING BY A BOARD OF TRUSTEE MEMBER WHO VOTED AT THE MEETING IN FAVOR OF SUCH MATTER AND DID NOT CHANGE HER VOTE PRIOR TO THE TIME THAT THE RESULT OF SUCH MATTER OF THE VOTE ON SUCH MATTER WAS ANNOUNCED BY THE PRESIDER OF SUCH MEETING. (G) UNLESS OTHERWISE STATED IN THE ARTICLES OF INCORPORATION, A TRUSTEE MAY BE REMOVED, WITH OR WITHOUT CAUSE, BY A MAJORITY VOTE OF THE TRUSTEE CLASS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS PREPARED, REVIEWED AND SIGNED BY A PUBLIC ACCOUNTING FIRM BASED ON INFORMATION OBTAINED FROM THE AUDIT AND INFORMATION PROVIDED BY HEADQUARTER'S OPERATIONS. THE 990 IS REVIEWED BY THE CONTROLLER AND EXECUTIVE DIRECTOR AT HEADQUARTERS. AFTER REVIEW AND APPROVAL, IT IS FORWARDED TO THE BOARD TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND MANAGEMENT STAFF ARE COVERED UNDER THE CONFLICT OF INTEREST POLICY. UPON TAKING OFFICE OR EMPLOYMENT, THE CONFLICT OF INTEREST FORM IS COMPLETED AND SIGNED. THE PROCESS IS MONITORED BY THE HUMAN RESOURCE DIRECTOR. IF NOTIFIED OF A CONFLICT OF INTEREST, THE HUMAN RESOURCE DIRECTOR WOULD INVESTIGATE THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A INPUT FOR COMPENSATION FOR THE EXECUTIVE DIRECTOR IS RECEIVED FROM THE BOARDS OF THE THREE CORPORATIONS OF ALPHA CHI OMEGA FRATERNTIY. THIS INPUT IS REQUESTED BY THE NATIONAL COUNCIL PRESIDENT. THE NATIONAL COUNCIL PRESIDENT COMPILES AND REVIEWS THE INFORMATION SUBMITTED. THE SALARY OF THE EXECUTIVE DIRECTOR IS ALLOCATED TO THE THREE CORPORATIONS OF THE FRATERNITY, WITH THE ALPHA CHI OMEGA FRATERNITY, INC. ACTING AS THE COMMON PAYMASTER. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART VII, LINE 1A: THE EXECUTIVE DIRECTOR IS COMPENSATED THOUGH THE ALPHA CHI OMEGA FRATERNITY, BUT ALSO SERVES AS THE EXECUTIVE DIRECTOR OF ALPHA CHI OMEGA NATIONAL HOUSING CORPORATION (NHC) AND ALPHA CHI OMEGA FOUNDATION, INC. (FOUNDATION). THE NHC AND FOUNDATION REIMBURSE THE FRATERNITY FOR A PERCENTAGE OF THE EXECUTIVE DIRECTOR'S SALARY AND BENEFITS. THE FOUNDATION IS UNRELATED TO THE FRATERNITY BY DEFINITION, THEREFORE, NO COMPENSATION IS REPORTED IN PART VII. HOWEVER, THE FOUNDATION REIMBURSED THE FRATERNITY 54,097 FOR THE EXECUTIVE DIRECTOR'S SALARY AND BENEFITS FOR THE CALENDAR YEAR 2011. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -200,358. CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 388,495. INCREASE IN CASH SURRENDER VALUE OF LIFE INSURANCE POLICIES 2,590. TOTAL TO FORM 990, PART XI, LINE 5: 190,727. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.