2024-04-22T15:31:23-05:00 2023-06-30 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2022-07-01 251554003 PENN STATE ALUMNI ASSOCIATION PENN 8148632809 HINTZ ALUMNI CENTER UNIVERSITY PARK PA 168021439 PAUL J CLIFFORD CHIEF EXECUTIVE OFFICER 8148656516 2024-04-19 1 PAUL CLIFFORD XXX-XX-XXXX 1 KERRI N BOGDA CPA P00760402 7177404863 2024-04-19 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z PAUL J CLIFFORD HINTZ ALUMNI CENTER UNIVERSITY PARK PA 168021439 10016643 0 X WWW.ALUMNI.PSU.EDU X 1924 PA TO CONNECT ALUMNI TO THE UNIVERSITY AND TO EACH OTHER, TO PROVIDE VALUED SERVICES TO MEMBERS, AND TO SUPPORT THE UNIVERSITY'S MISSION OF TEACHING, RESEARCH, AND SERVICE. 99 99 0 3000 160613 0 373850 333944 2005798 2255000 14272747 2946782 2761759 2758849 19414154 8294575 878605 810863 0 0 0 0 0 0 0 5334350 6540163 6212955 7351026 13201199 943549 83946815 90749331 2111784 1920753 81835031 88828578 X TO CONNECT ALUMNI TO THE UNIVERSITY AND TO EACH OTHER, TO PROVIDE VALUED SERVICES TO MEMBERS, AND TO SUPPORT THE UNIVERSITY'S MISSION OF TEACHING, RESEARCH, AND SERVICE. 0 0 313204 69437 340089 PROVIDE SUPPORT FOR ACADEMIC AND OTHER PROGRAMS OF THE PENNSYLVANIA STATE UNIVERSITY. 3903027 0 1620571 PRINT AND ELECTRONIC PUBLICATIONS AND OTHER SPECIAL EVENTS TO KEEP ALUMNI INFORMED AND INVOLVED WITH THE UNIVERSITY. 1348780 741426 229135 OPERATION OF A NATIONWIDE NETWORK OF ALUMNI CHAPTERS, CONSTITUENT SOCIETIES AND OTHER GROUPS. 200431 0 65205 RECRUITMENT OF ACADEMICALLY QUALIFIED STUDENTS, STUDENT MENTORING PROGRAMS, AND OTHER PROGRAMS DESIGNED TO INVOLVE STUDENTS WITH THE UNIVERSITY UPON GRADUATION. 200431 0 65205 5765442 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 99 99 0 0 0 0 1 1 0 1 1 0 1 1 0 1 0 0 1 1 0 0 0 X PAUL CLIFFORD 8148632809 HINTZ FAMILY ALUMNI CENTER UNIVERSITY PARK PA 16802 X AMI HOPKINS ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 ANAND GANJAM ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 ANDREW J SANTACROCE ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 ASIA SMITH ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 BRIAN SIELSKI ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 BRIAN TOBIN ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 CAITLIN YELINEK ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 CARL SIZER ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 CARL WOODIN ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 CAROLE MCCABE ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 CASEY MOORE ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 CATHERINE DUNN ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 CHARONDA HILL ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 CHRISTINA TALLEY ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 CHRISTINE FLYNN ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 CHRISTOPHER THOMAS ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 CLARABELLE LIN ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 DAMEON PROCTOR ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 DANIEL MCDOWELL ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 DARLENE DUNAY ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 DARREN STEELE ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 DARRLY BUNDRIGE ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 DAVID LUCAS ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 DENISE CORCORAN ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 DEWEY TRAINI ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 DHAIRYA GHAI ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 EDMOND BILLINGSLEY ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 FATIMA ODEBISI ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 FRANCIS ALVARE ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 FRANK DITTENHAFER ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 GARY BRANDEIS ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 GLENN BROOKS ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 GREGORY TOUHILL ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 GUILLERMO SILVA-WISCOVICH ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 ISABELLA WEBSTER ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 JACQUELINE FOOR ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 JADA QUINLAND ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 JAY WEITZEL ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 JASON BAYONA ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 JOHANNA RAMOS ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 JOHN BRABAZON ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 JOHN PETERSON ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 JOHN URSCHEL ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 JONATHAN KLINGEMAN ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 JOSEPH KOVACS ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 JUSTIN STEVENS ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 KARA WRIGHT ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 KAREN KELLER ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 KELLEY LYNCH ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 KELLY CAPLAN ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 KELSEY KARPINSKI ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 KENT LLOYD ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 KERRI LAINE PRUNELLA ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 KEVIN FLINTOSH ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 KRISTEN CHOMOS ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 KRISTEN CONTI ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 LEILA FARZAM ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 LEILANI C FOX ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 LOIS THOMPSON ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 LORI UHAZIE ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 LORI HOUSER ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 MADISON DOWDELL ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 MARTHA SHARKEY ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 MARY SHEETZ CONTI ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 MATT OWENS ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 MEAGHAN DALY ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 MELISSA BRICKHOUSE ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 MICHAEL MCHUGH ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 MICHAEL S FRY ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 MICHELE STINE ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 MICHELLE BUZZELLI ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 NATALIE KELLER ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 NINON NELSON ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 PARUL LUTHRA ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 PETER LANCASTER JR ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 RACHEL FOGLE ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 RAJDEEP CHAMPA ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 RANDOLPH HOUSTON ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 REBACCA JOHNSON-KEZMARSKY ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 RICHARD HAYES ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 ROBERT BIERTEMPFEL ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 ROBERT NAGY ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 RYAN BROWN ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 SABRINA SMITH ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 SCOTT SHIRLEY ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 SCOTT LYONS ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 STEPHEN VERIGOOD ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 SUSAN ROBINSON ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 SUSAN STEADMAN ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 SYDNEY GIBBARD ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 THOMAS HESS ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 TIFFANY MCKENZIE ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 TIFFANY VEET ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 TODD DIETRICH ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 TRACEY BAKER ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 TRACY HINISH ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 TRISHA MIKITA ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 ULYSSES CRAMPTON ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 WENDY EDGAR ALUMNI COUNCIL MEMBER 1.00 X 0 0 0 PAUL J CLIFFORD CEO, SECRETARY, TREASURER 40.00 X X 260031 0 46718 CATHY LEAONARD-HALL EXECUTIVE DIR OF MARKETING 40.00 X 107965 0 46861 THOMAS HAMMOND EXECUTIVE DIR OF ENGAGEMENT 40.00 X 144385 0 35755 KEN LAYING ASSOC DIR ALUMNI OPERATIONS 40.00 X 100497 0 16970 ELIZABETH KING EX DIR OF RESOURCE DEVELOPMENT 40.00 X 105395 0 35615 RYAN JONES EDITOR 40.00 X 114025 0 30718 832298 0 212637 7 0 1 0 ACR III LSC HOLDINGS LLC (LLC COMMUNICA PO BOX 932987 CLEVELAND OH 441930029 PRINTING AND MAILING SERVICES 624926 STRASBURG POST OFFICE 152 W KING STREET STRASBURG VA 22657 POSTAGE AND MAILING SERVICES 208075 BLACKTHORNIO INC PO BOX 207561 DALLAS TX 753207561 SOFTWARE PROVIDER 149280 LA LIVE PROPERTIES LLC 800 W OLYMPIC BLVD STE 305 LOS ANGELES CA 90015 ENTERTAINMENT VENUE AND SERVICES 140000 PENN STATE SPORTS PROPERTIES LLC C/O LEARFIELD COMMUNICATIONS PO BOX KANSAS CITY MO 641843038 ADVERTISING AND SPONSORSHIP SERVICES 126875 6 333944 333944 MEMBERSHIP DUES AND ASSESSMENTS 541900 1904192 1904192 REGISTRATION EVENT FEES 541900 221586 221586 MISCELLANEOUS INCOME 541900 129222 129222 2255000 3028022 3028022 2598236 2598236 1537058 1618298 -81240 -81240 -81240 113096 103770 9326 9326 INTERNATIONAL TOURS 561520 95584 95584 ADVERTISING 541800 35000 35000 BOOKSTORE COMMISSIONS 541800 28627 28627 -7924 -7924 151287 8294575 2255000 160613 5545018 X 810863 810863 89059 89059 2290356 1467426 822930 526619 466107 60512 671641 300275 371366 700286 536317 163969 277066 262029 15037 840569 823678 16891 27105 27105 COMMUNICATION 1117462 1098747 18715 7351026 5765442 1585584 0 2984353 2501392 676781 635083 209280 54242 210604 173058 26468 37546 79514284 86966081 300000 350000 16000 16000 219649 188987 83946815 90749331 115903 68909 1125000 1125000 219649 188987 651232 537857 2111784 1920753 X 81835031 88828578 81835031 88828578 83946815 90749331 X 943549 6042074 7924 X 0 1 X 1 0 X 550722 577517 422016 373850 333944 2258049 5729302 5903136 5954701 5623166 4641900 27852205 6280024 6480653 6376717 5997016 4975844 30110254 30110254 5082946 5409848 5719151 7036318 5626258 28874521 58984775 11137184 0.51050 0.53680 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 10583115 434090 605313 771421 10851097 10170209 952964 -216300 323758 10583115 7470427 434267 2394657 129142 10170209 6934488 322811 577916 364788 7470427 6970037 158500 173121 367170 6934488 1.00000 0.00000 0.00000 1 0 210604 173058 37546 37546 PLEDGES PAYABLE 200000 OTHER ACCRUED EXPENSES 337857 537857 X 19001184 6042074 4641900 103770 10787744 8213440 89059 -7924 81135 8294575 12007637 4641900 103770 4745670 7261967 89059 89059 7351026 PART IV, LINE 2B: THE CLASS TREASURIES, CUSTODIAL ACCOUNTS CONSIST OF MONEYS VOLUNTARILY DONATED BY GRADUATING CLASSES DATING BACK TO 1964. THE ASSOCIATION MAINTAINS A SEPARATE LIST OF EACH CLASS'S CASH BALANCE. THE MONEY IS USED TO FUND A 50TH CLASS REUNION FOR EACH GRADUATING CLASS, WHICH HAS A BALANCE IN THIS ACCOUNT. ADDITIONALLY, WHEN CERTAIN CHAPTERS OF THE ASSOCIATION BECOME INACTIVE, AT THE OPTION OF THE CHAPTER, THE ASSOCIATION HOLDS THE FUNDS IN ESCROW. THE FUNDS MAY BE RETURNED IN THE EVENT THAT THE CHAPTERS ARE REACTIVATED. THE ASSOCIATION DOES NOT OWN THESE FUNDS, NOR DOES THE ASSOCIATION HAVE VARIANCE POWER, BUT HAS A FIDUCIARY RESPONSIBILITY TO PROTECT AND PRESERVE THE FUNDS ENTRUSTED TO IT FOR THE CLASSES AND INACTIVE CHAPTERS. PART V, LINE 4: PENN STATE UNIVERSITY HAS ESTABLISHED 46 ENDOWMENTS ON BEHALF OF THE ASSOCIATION WHICH WERE INITIALLY FUNDED THROUGH DONATIONS TO THE UNIVERSITY WITH INCOME DESIGNATED FOR THE ASSOCIATION. THE ASSOCIATION DOES NOT HAVE VARIANCE POWER AND AS SUCH THE ENDOWMENTS ARE NOT ASSETS OF THE ASSOCIATION. THE UNIVERSITY'S INVESTMENT COUNCIL MONITORS AND ADMINISTERS ANNUAL ENDOWMENT SPENDING. PART X, LINE 2: THE STATEMENTS OF FINANCIAL POSITION OF THE ASSOCIATION AT JUNE 30, 2023 AND 2022 DO NOT INCLUDE LIABILITIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS. THE ASSOCIATION'S POLICY IS TO ACCRUE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN OTHER MISCELLANEOUS EXPENSES. THE ASSOCIATION HAS NO UNRECOGNIZED TAX BENEFITS THAT IF RECOGNIZED WOULD CHANGE THE EFFECTIVE TAX RATE. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 103,770. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS FROM PARTNERSHIP INVESTMENT RECORDED AT COST -7,924. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 103,770. 1 CHAPTERS CONSTITUENT SOCIETIES & ALUMNI INTEREST GROUPS (192 AFFILIATES) VARIOUS UNITED STATES PA 99999 0 455604 FMV OPERATIONS THE PENNSYLVANIA STATE UNIVERSITY OLD MAIN UNIVERSITY PARK PA 16802 246000376 SECTION 115 0 355259 FMV ACADEMIC AND OTHER SUPPORT 2 0 PART I, LINE 2: IN ORDER FOR CHAPTERS, CONSTITUENT SOCIETIES, AND ALUMNI INTEREST GROUPS TO RETAIN ITS RECOGNIZED STATUS A COMPLETE ANNUAL REPORT MUST BE SUMITTED TO THE ASSOCIATION. 0 0 0 0 0 0 0 0 0 PAUL J CLIFFORD CEO, SECRETARY, TREASURER 249168 0 0 0 10863 0 23525 0 23193 0 306749 0 0 0 THOMAS HAMMOND EXECUTIVE DIR OF ENGAGEMENT 144385 0 0 0 0 0 35755 0 0 0 180140 0 0 0 CATHY LEAONARD-HALL EXECUTIVE DIR OF MARKETING 107965 0 0 0 0 0 28099 0 18762 0 154826 0 0 0 SCHEDULE J SUPPLEMENTAL EXPLANATION THE ASSOCIATION DOES NOT HAVE COMPENSATION AND EMPLOYEE BENEFIT PRACTICES FOR DISCLOSURE IN PART I AS THEY DO NOT DIRECTLY EMPLOY INDIVIDUALS. ALL EMPLOYEES ARE COMPENSATED BY THE PENNSYLVANIA STATE UNIVERSITY FOR THE SERVICES THEY PROVIDE TO THE ASSOCIATION. THE ASSOCIATION THEN REIMBURSES THE UNIVERSITY IN PART FOR THE COMPENSATION AND EMPLOYEE BENEFIT COSTS. FORM 990, PART VI, SECTION A, LINE 1A THE ALUMNI COUNCIL (THE COUNCIL) IS THE GOVERNING BODY OF THE ASSOCIATION AND IS RESPONSIBLE FOR ITS MANAGEMENT, CONTROL AND DEVELOPMENT IN CARRYING OUT THE MISSION OF THE ASSOCIATION. THE COUNCIL SHALL NORMALLY MEET AT LEAST TWICE EACH YEAR. ADDITIONAL OR SPECIAL MEETINGS OF THE COUNCIL MAY BE CALLED BY THE PRESIDENT, THE EXECUTIVE BOARD OR A PETITION TO THE PRESIDENT SIGNED BY A LEAST A MAJORITY OF COUNCIL MEMBERS. THE EXECUTIVE BOARD CONSISTS OF THE PRESIDENT, THE IMMEDIATE PAST PRESIDENT, THE VICE PRESIDENT, THE CHAIR OF THE UNIVERSITY FACULTY SENATE, THE PRESIDENT OF THE UNIVERSITY PARK UNDERGRADUATE ASSOCIATION OR THE PRESIDENT OF THE COUNCIL OF COMMONWEALTH STUDENTS GOVERNMENTS AND AT LEAST TWELVE COUNCIL MEMBERS APPOINTED ANNUALLY BY THE PRESIDENT, INCLUDING ALL CHAIRS OF STANDING COMMITTEES, A RESPRESENTATIVE FROM THE CAMPUS ALUMNI SOCIETIES AND A REPRESENTATVE FROM THE COLLEGE ALUMNI SOCIETIES. THE EXECUTIVE DIRECTOR OF THE ASSOCIATION SERVES AS AN EX-OFFICIO COUNCIL MEMBER OF THE EXECUTIVE BOARD WITHOUT VOTING PRIVILEGES. THE EXECUTIVE BOARD SHALL HOLD AT LEAST FOUR MEETINGS A YEAR. THE EXECUTIVE BOARD TRANSACTS THE BUSINESS OF THE ASSOCIATION IN THE INTERVALS BETWEEN COUNCIL MEETINGS AND HAS ALL THE POWERS OF COUNCIL, REPORTING ALL ACTIONS TAKEN AT THE NEXT MEETING OF COUNCIL OR SOONER AS OCCASION WARRANTS. THE EXECUTIVE BOARD MAKES AND PRESENTS TO THE COUNCIL AN ANNUAL REPORT AND A BUDGET OF ESTIMATED REVENUE AND EXPENSE, AND DIRECTS THE INVESTMENTS AND CARE OF ALL FUNDS AND MONIES OF THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 6 THE FOLLOWING PERSONS SHALL BE ELIGIBLE FOR MEMBERSHIP IN THE ASSOCIATION: (1) ALL PERSONS WHO HAVE COMPLETED ONE SEMESTER OR TWO TERMS OF WORK IN ANY UNIVERSITY PROGRAM REQUIRING AT LEAST TWO YEARS OF COMPLETION; (2) ALL PERSONS WHO HAVE RECEIVED AN ADVANCED DEGREE FROM THE UNIVERSITY; (3) ALL INTERNS, RESIDENTS, AND FELLOWS OF THE UNIVERSITY'S MILTON S. HERSHEY MEDICAL CENTER; AND (4) ALL POST-GRADUATE FELLOWS OF THE UNIVERSITY'S COLLEGES WHO HAVE COMPLETED THE EQUIVALENT OF ONE SEMESTER OR TWO TERMS IN AN ACCREDITED PROGRAM. FACULTY MEMBERS, PRESENT AND PAST, PARENTS OF STUDENTS OR OF ALUMNI, AND OTHER LOYAL FRIENDS OF THE UNIVERSITY SHALL BE ADMITTED TO ASSOCIATE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE ASSOCIATION HAVE THE FOLLOWING RIGHTS AND PRIVILEGES: (1) TO VOTE IN ALL ASSOCIATION ELECTIONS; (2) TO HOLD OFFICE IN THE ASSOCIATION, EXCEPT AS PROVIDED IN THE BYLAWS; AND (3) TO BE ELIGIBLE TO RECEIVE ALL OFFICIAL PUBLICATIONS OF THE ASSOCIATION. MEMBERS OF THE BLUE & WHITE SOCIETY (OTHER THAN THOSE STUDENT ORGANIZATION REPRESENTATIVES DESCRIBED IN THE BYLAWS) AND ASSOCIATE MEMBERS, AS THOSE TERMS ARE DEFINED IN THE BYLAWS, HAVE THE PRIVILEGES OF MEMBERSHIP EXCEPT THAT THEY MAY NOT HOLD OFFICE IN THE ASSOCIATION OR VOTE IN ASSOCIATION ELECTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY MANAGEMENT PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S ARTICLES OF INCORPORATION ARE AVAILABLE TO THE PUBLIC VIA THE PENNSYLVANIA DEPARTMENT OF STATE'S WEBSITE (HTTP://WWW.DOS.PA.GOV). FINANCIAL INFORMATION FOR THE ORGANIZATION IS MADE AVAILABLE TO THE PUBLIC SOLELY THROUGH THIS FORM 990. SCHEDULE D TO FORM 990, PARTS XI-XIII RECONCILES THE FINANCIAL INFORMATION REPORTED ON FORM 990 TO THE ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION'S BYLAWS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART VII THE ASSOCIATION DOES NOT DIRECTLY EMPLOY INDIVIDUALS. ALL EMPLOYEES ARE COMPENSATED BY THE PENNSYLVANIA STATE UNIVERSITY FOR THE SERVICES THEY PROVIDE TO THE ASSOCIATION. THE ASSOCIATION THEN REIMBURSES THE UNIVERSITY IN PART FOR THE COMPENSATION AND EMPLOYEE BENEFIT COSTS. IN ACCORDANCE WITH THE IRS INSTRUCTIONS, WE HAVE REPORTED THE COMPENSATION FOR THESE INDIVIDUALS IN COLUMNS D AND F. FORM 990, PART IX, LINE 11G FEES FOR SERVICE: PROGRAM SERVICE EXPENSES 154,798. MANAGEMENT AND GENERAL EXPENSES 279,168. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 433,966. SALARY REIMBURSEMENT TO PSU: PROGRAM SERVICE EXPENSES 1,312,628. MANAGEMENT AND GENERAL EXPENSES 543,762. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,856,390. FORM 990, PART XI, LINE 9: LOSS FROM PARTNERSHIP INVESTMENT RECORDED AT COST 7,924.