2021-06-14T17:00:14-05:00 2020-07-25 KPMG LLP 550 S Hope St Suite 1500 Los Angeles CA 90071 990 2019-07-28 951777979 ASSOCIATED STUDENTS UCLA % DONNA BAKER FINANCE DIRECTO ASSO 3107948844 308 WESTWOOD PLAZA Suite 3519AU LOS ANGELES CA 900241640 DONNA BAKER FINANCE DIRECTOR 3107948844 2021-06-10 true DARLEEN LUM P00881532 2139724000 2021-06-10 2019 2022-09-23 18:48:47Z DONNA BAKER 308 WESTWOOD PLAZA LOS ANGELES CA 90024 68698491 false X WWW.ASUCLA.UCLA.EDU X 1919 CA STUDENT-CENTERED PROVIDER OF SERVICES, PROGRAMS, PRODUCTS, AND FACILITIES FOR THE UCLA COMMUNITY. 10 10 2545 1075 2726979 13047617 12971255 7542130 6364788 391731 239240 28852390 19751786 49833868 39327069 472192 241973 0 0 27361052 26932451 0 0 1528 22267912 20674640 50101156 47849064 -267288 -8521995 48625213 54580827 21965686 36443295 26659527 18137532 X THE ASSOCIATED STUDENTS UCLA, AS A RESPONSIVE STUDENT-CENTERED ORGANIZATION, PROVIDES INNOVATIVE AND EXCELLENT SERVICES, PROGRAMS, PRODUCTS, AND FACILITIES FOR THE ENTIRE UCLA COMMUNITY. false false 13252783 1483219 ASUCLA MEETS THE NEEDS OF APPROXIMATELY 46,000 STUDENTS THROUGH THE SALE OF BOOKS AND SUPPLIES. ASUCLA PROVIDES ESSENTIAL AND CONVENIENT ITEMS THAT ARE EASILY ACCESSIBLE, OF HIGH QUALITY AND LOW COST, INCLUDING, BUT NOT LIMITED TO: ACADEMIC SUPPORT, TRADEMARK MERCHANDISE, AND CONVENIENCE PRODUCTS. 10615444 1569188 ASUCLA PROVIDES FOOD SERVICE FOR THE CAMPUS COMMUNITY THROUGH THE OPERATION OF SEVERAL EATERIES THROUGHOUT THE CAMPUS. STUDENTS ARE EMPLOYED TO WORK AT MANY OF THE EATERIES. 9490658 241973 2538866 ASUCLA SUPPORTS STUDENT GOVERNMENTS AND STUDENT PROGRAMMING ACTIVITIES IN THE STUDENT UNION AND THROUGHOUT THE CAMPUS. ASUCLA PROVIDES SUPPORT TO STUDENT GOVERNMENT, STUDENT GROUPS AND STUDENT PROGRAMS THROUGH STATE-OF-THE-ART OFFICE AND COMMUNITY SPACES, AND BY PROVIDING ADEQUATE FINANCIAL RESOURCES AND PERSONNEL TO ENSURE AN ACTIVE AND VIBRANT CAMPUS LIFE. ASUCLA PROVIDES AND SUPPORTS A DIVERSIFIED ARRAY OF PROGRAMMING BY PRIORITIZING STUDENT-RUN, STUDENT-INITIATED, STUDENT-CENTERED PROGRAMMING THAT REFLECTS THE NEEDS OF THE CAMPUS COMMUNITY IN ORDER TO ENHANCE EDUCATIONAL, CULTURAL AND DEVELOPMENTAL SOCIAL INTERACTION. ASUCLA PROVIDES A WELCOMING ENVIRONMENT THAT CONTAINS SPACE FOR THE OPTIMAL FUNCTIONING OF GENERAL ACADEMIC SUPPORT, STUDENT GOVERNMENTS, STUDENT ORGANIZATIONS AND SOCIAL GATHERINGS. 4346188 762382 37705073 true false false false false false false false false false true false false false true false true false false false false false false false false false false true false true false false false false false false false false false false false false false false false false false true 118 0 true 2545 true true true false false false false false false false false false false false X 10 10 false false false false false false true true true false false false true true true true true false false false CA X DONNA BAKER FINANCE DIRECTO 3107948853 308 WESTWOOD PLZ AU3519 LOS ANGELES CA 900241640 POURIA ABBASSI EXECUTIVE DIRECTOR 40.0 0.0 X 266621 0 18854 KAMRAN MEHDIAN INFO SYSTEM DIRECTOR 40.0 0.0 X 200663 0 55859 MICHELLE MOYER BUSINESS AFFAIR DIRECTOR 40.0 0.0 X 186370 0 65848 DONNA BAKER FINANCE DIRECTOR 40.0 0.0 X 191935 0 47260 PATRICK HEALEY DIRECTOR OF GEN MERCHANDIS 40.0 0.0 X 187749 0 33621 CINDY BOLTON DIRECTOR OF FOOD OPERATION 40.0 0.0 X 153315 0 27171 CINDY HOLMES DIR OF TRADEMARKS & LICENSING 4.0 0.0 X 138478 0 32584 AVI OVED BOARD DIR,CHAIR (THRU 6/30/20) 4.0 0.0 X X 14307 0 0 ERIKA BRICKY BOARD DIR, VC (THRU 6/30/20) 4.0 0.0 X X 13403 0 0 AIDAN ARASAINGHAM BOARD DIR (THRU 6/30/20) 4.0 0.0 X 13403 0 0 ERNESTO ARCINIEGA BOARD DIR (THRU 6/30/20) 4.0 0.0 X 11273 0 0 LAWRENCE TAYLOR BOARD DIR (THRU 6/30/19) 4.0 0.0 X 10937 0 0 NAVI SIDHU BOARD DIR (THRU 6/30/19) 4.0 0.0 X 10305 0 0 ALEXIS WELLS BOARD DIR (FROM 7/01/20) 4.0 0.0 X 8123 0 0 SIENA VILLEGAS BOARD DIR 4.0 0.0 X X 7920 0 0 ADELAJA ADEWUMI BOARD DIR, VICE CHAIR 4.0 0.0 X X 7045 0 0 KEVIN EAGAN BOARD DIR, SEC (THRU 6/30/20) 4.0 0.0 X 0 0 0 PAUL ABRAMSON BOARD DIR 4.0 0.0 X 0 0 0 JESSE TORRES BOARD DIR (THRU 06/30/20) 4.0 0.0 X 0 0 0 FRANK WADA BOARD DIR 4.0 0.0 X 0 0 0 STEVE YU BOARD DIR, SEC (FROM 7/01/20) 4.0 0.0 X X 0 0 0 JANAY WILLIAMS BOARD DIR (FROM 7/1/20) 4.0 0.0 X 0 0 0 STEVEN MORAN BOARD DIR (FROM 7/1/20) 4.0 0.0 X 0 0 0 ZENYA FAUCETTE BOARD DIR (07/01/20) 4.0 0.0 X 0 0 0 AVANIDHAR SUBRAHMANYAM BOARD DIR (07/01/20) 4.0 0.0 X 0 0 0 1421847 0 281197 7 true true false KPMG LLP PO BOX 120922 DEPT 0922 DALLAS TX 753120922 AUDIT & TAX SERVICE 159079 1 12787422 183833 12971255 FOOD/STORE COMMISSIONS 451211 3052407 3028226 24181 FACILITIES USE FEES 451211 1441737 1441737 STUDENT PROGRAMS/FILM&CONCERT 611710 987332 987332 PUBLICATIONS 511110 762382 762382 EVENTS AND CATERING 722320 120930 120930 6364788 239240 239240 0 2729302 2729302 0 0 0 0 0 0 0 0 0 0 46044087 29371422 16672665 2581868 14090797 WRITE OFF ITEMS OVER 1 YR 900099 236503 236503 REIMBURSEMENT 900099 94772 94772 WRITE OFF G/L RECON 900099 18544 18544 349819 39327069 6219677 2726979 17409158 241973 241973 0 0 0 555679 105714 449965 0 19363799 14939605 4424194 1837468 1321702 515766 4196985 3014772 1182213 978520 703856 274664 0 15495 1235 14260 274305 274305 0 0 0 606324 277263 329061 511851 362343 149508 1342117 1131789 210328 0 391950 391950 664138 497209 166929 353582 341258 12324 0 69936 69936 306228 266539 39689 0 2406371 2094493 311878 402711 36732 365979 STUDENT PROGRAMS 8036118 7978806 57312 BANK/CREDIT CARD PROCESSING 1042654 947742 94912 COMMISSIONS 1026012 1026012 EQUIPMENT RENTAL AND MA 1108070 407149 700921 2116778 1616931 498319 1528 47849064 37705073 10142463 1528 265248 106185 17044276 20737572 0 0 3825378 6213620 0 0 0 0 0 0 5680592 7087882 303022 375859 76207844 56148135 21506697 20059709 0 0 0 0 0 0 0 0 0 0 48625213 54580827 13891543 29007073 0 0 839334 882029 0 0 0 0 0 0 7094553 6186159 0 0 140256 368034 21965686 36443295 X 26650624 18135768 8903 1764 26659527 18137532 48625213 54580827 -8521995 X false true X true false X 8516553 11561051 12229105 13047617 12971255 58325581 0 0 8516553 11561051 12229105 13047617 12971255 58325581 0 58325581 2490599 2693318 3169512 3491796 2968542 14813767 0 274164 251878 932803 791945 349819 2600609 75739957 320818568 0.77008 0.76320 X 32180779 19290751 12890028 13762854 11305759 2457095 30264211 25551625 4653321 59265 20059709 0 FUNDS HELD FOR OTHERS 368034 368034 68698902 29371422 29371422 39327480 -411 -411 39327069 77220897 29371422 29371422 47849475 -411 -411 47849064 PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED NET ON FORM 990: 29,763,372 ROYALTY EXPENSE REPORTED NET OF COST OF SALES (391,950) ---------- TOTAL: 29,371,422 PART XI, LINE 4B - OTHER ADJUSTMENTS: NET GAIN ON ASSET DISPOSAL REPORTED NET OF OTHER INCOME ON F/S: (411) PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED NET ON FORM 990: 29,763,372 ROYALTY EXPENSE REPORTED NET OF COST OF SALES (391,950) ---------- TOTAL: 29,371,422 PART XII, LINE 4B - OTHER ADJUSTMENTS: NET GAIN ON ASSET DISPOSAL REPORTED NET OF OTHER INCOME ON F/S: (411) false REGENTS UNIVERSITY CALIFORNIA LOS ANGELES 10940 WILSHIRE BLVD STE 960 LOS ANGELES CA 90024 956006143 STATE OF CA 68927 0 N/A N/A PED HIV/AIDS RESEARCH/TGIF MED CENTER-CHILD DEVELOPMENT/FED HIV & THE LAUREL FOUNDATION 75 S GRAND AVE PASADENA CA 91105 954429260 501(C)(3) 22477 0 N/A N/A PED HIV/AIDS RESEARCH ELIZABETH GLASER PEDIATRIC AIDS FOUNDATION 1140 CONNECTICUT AVE 200 WASHINGTON DC 20036 954191698 501(C)(3) 112235 0 N/A N/A PED HIV/AIDS RESEARCH AND UNDOCUMENTED STUDENTS PROGRAM THE UCLA FOUNDATION 10920 WILSHIRE BLVD 14TH FL LOS ANGELES CA 90024 952250801 501(C)(3) 38334 N/A N/A LGBTQ STUDENT WELLNESSS AND LEADERSHIP/CHASE CHILD LIFE/PED HIV&AIDS 4 PART I, LINE 2: A POLICY HAS BEEN DEVELOPED IN WHICH THE NUMEROUS STUDENT GROUPS AFFILINTED WITH ASUCLA ARE ASKED TO VALIDATE THE ELIGIBILITY OF GRANTEES AND THE USE OF GRANT FUNDS. A COPY OF THE SELECTION CRITERIA MUST BE FORWARDED TO STUDENT GOVERNMENT ACCOUNTING MANAGEMENT WITH THE REQUEST FOR DISBURSEMENT OF FUNDS. STUDENT GOVERNMENT ACCOUNTING MANAGEMENT IS ALSO RESPONSIBLE FOR VERIFICATION OF COMPLIANCE WITH THE POLICY. 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EXPENSES $ 4,346,188. INCLUDING GRANTS OF $ 0. REVENUE $ 762,382. FORM 990, PART VI, SECTION A, LINE 7B: THREE DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY ANOTHER PERSON, THE UCLA CHANCELLOR. THESE DECISIONS ARE: 1) CHANGES TO THE CONSTITUTION, 2) THE 5-YEAR FORECAST, AND 3) THE ANNUAL BUDGET. APPROVAL OF CHANGES TO THE CONSTITUTION IS EXPLAINED IN THE ASUCLA CONSTITUTION AS FOLLOWS: "ANY AMENDMENT TO THE CONSTITUTION IS SUBJECT TO THE APPROVAL OF THE CHANCELLOR BEFORE IT CAN TAKE EFFECT." APPROVAL OF THE 5-YEAR FORECAST AND ANNUAL BUDGET IS EXPLAINED IN THE ADVANCE AGREEMENT WITH UCLA DATED MAY 31, 1996 AS FOLLOWS: "THE 5-YEAR FORECAST AND EACH SUBSEQUENT REVISION SHALL BE SUBJECT TO THE REVIEW AND WRITTEN APPROVAL OF THE CHANCELLOR OR HIS/HER DESIGNATED REPRESENTATIVE, PRIOR TO IMPLEMENTATION. THE ANNUAL BUDGET AND EACH SUBSEQUENT REVISION SHALL BE SUBJECT TO THE REVIEW AND WRITTEN APPROVAL OF THE CHANCELLOR OR HIS/HER DESIGNATED REPRESENTATIVE, PRIOR TO IMPLEMENTATION." FORM 990, PART VI, SECTION B, LINE 11B: THE FORM 990 IS PREPARED BY THE FINANCE DEPARTMENT OF THE ORGANIZATION, AND REVIEWED BY THE DIRECTOR OF FINANCE PRIOR TO REVIEW BY AN OUTSIDE TAX ACCOUNTING FIRM. A COPY OF THE FORM 990 IS AVAILABLE TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C: BOARD OF DIRECTORS ARE SUBJECT TO THE WRITTEN CONFLICT OF INTEREST POLICY AS OUTLINED IN THE BOARD CONSTITUTION AND POLICIES WHICH ARE PRESENTED ANNUALLY TO ALL NEW AND EXISTING BOARD MEMBERS. FOR THE BOARD OF DIRECTORS, THE PROCEDURES FOR ADDRESSING ANY CONFLICT OF INTEREST INCLUDES, BUT IS NOT LIMITED TO, THE FOLLOWING: 1)APPROVAL BY A COMMITTEE AUTHORIZED BY THE BOARD; 2)RATIFICATION BY THE BOARD AT ITS NEXT MEETING BY A VOTE OF THE MAJORITY OF THE MEMBERS OF THE BOARD THEN IN OFFICE WITHOUT COUNTING THE VOTE OF THE INTERESTED MEMBER OR MEMBERS. OFFICERS AND KEY EMPLOYEES ARE REQUIRED ANNUALLY TO SIGN THE ETHICAL CONDUCT OF BUSINESS & CONFLICT OF INTEREST STATEMENT CONFIRMING THAT THEY HAVE READ, UNDERSTOOD, AND AGREE TO ADHERE TO ASUCLA'S POLICY ON CONFLICT OF INTEREST. BY SIGNING THIS DOCUMENT, THEY AGREE THAT THEY ARE AWARE OF NO VIOLATION OF THE POLICY OR POTENTIAL VIOLATIONS BY THEMSELVES, MEMBERS OF THEIR IMMEDIATE FAMILY, OR EMPLOYEES WHO REPORT TO THEM, AND THEY AGREE TO REPORT ANY POTENTIAL FUTURE CONFLICTS TO ASUCLA. MEMBERS OF THE BOARD OF DIRECTORS ARE SUBJECT TO THE CONFLICTS OF INTEREST REQUIREMENTS SET FORTH IN THE BOARD'S GOVERNING DOCUMENTS, INCLUDING ITS CONSTITUTION AND BOARD POLICIES. THE BOARD'S CONSTITUTION STATES THAT IF ANY MEMBER OR OFFICER OF THE BOARD, OR ANY MEMBER OF A COMMITTEE OF THE BOARD, PROPOSES TO DEAL WITH ASUCLA IN OTHER THAN A VOLUNTARY RELATIONSHIP,OR PROPOSES TO ENGAGE WITH ASUCLA IN A BUSINESS ACTIVITY OF ANY NATURE, AS A RESULT OF WHICH ANY SUCH PERSON MAY BENEFIT FINANCIALLY, EITHER DIRECTLY OR INDIRECTLY, HE OR SHE SHALL FULLY DISCLOSE TO THE BOARD ALL MATERIAL TERMS SUCH ACTIVITY AND ANY SUCH FINANCIAL BENEFIT PRIOR TO DEALING WITH ASUCLA OR ENGAGING IN SUCH ACTIVITY, AND HE OR SHE SHALL REFRAIN FROM ANY VOTE ON WHICH SUCH ISSUE IS INVOLVED. THE BOARD'S CONSTITUTION FURTHER STATES THAT ALL SUCH TRANSACTIONS SHALL BE GOVERNED BY THE DEFINITIONS, STANDARDS AND PROCEDURES OF THE BOARD'S "POLICY ON SELF-DEALING TRANSACTIONS AND INTERESTED MEMBERS AND OFFICERS OF THE BOARD AND BOARD COMMITTEE MEMBERS". THE BOARD'S "POLICY ON SELF-DEALING TRANSACTIONS AND INTERESTED MEMBERS AND OFFICERS OF THE BOARD AND BOARD COMMITTEE MEMBERS" GENERALLY DEFINES A "SELF-DEALING TRANSACTION" AS ANY TRANSACTION TO WHICH ASUCLA IS A PARTY AND IN WHICH ONE OR MORE OF ITS BOARD MEMBERS OR OFFICERS OF THE BOARD, OR BOARD COMMITTEE MEMBERS, HAS A MATERIAL FINANCIAL INTEREST. SUCH A MEMBER OR OFFICER OF THE BOARD, OR BOARD COMMITTEE MEMBER, IS DEEMED "INTERESTED" FOR PURPOSES OF THE POLICY. THE POLICY FURTHER STATES THAT ASUCLA AND AN INTERESTED MEMBER OR OFFICER OF THE BOARD, OR BOARD COMMITTEE MEMBER, MAY ENTER INTO A SELF-DEALING TRANSACTION ONLY IF THE FACTS ESTABLISH THAT (1) ASUCLA ENTERED INTO THE TRANSACTION FOR ITS OWN BENEFIT; (2) THE TRANSACTION WAS FAIR AND REASONABLE TO ASUCLA AT THE TIME ASUCLA ENTERED INTO THE TRANSACTION; (3) PRIOR TO CONSUMMATING THE TRANSACTION, THE BOARD AUTHORIZED OR APPROVED THE TRANSACTION IN GOOD FAITH BY A VOTE OF A MAJORITY OF MEMBERS THEN IN OFFICE WITHOUT COUNTING THE VOTE OF THE INTERESTED MEMBER OR MEMBERS, AND WITH KNOWLEDGE OF THE MATERIAL FACTS CONCERNING THE TRANSACTION AND THE MEMBER, OFFICER, OR COMMITTEE MEMBER'S INTEREST IN THE TRANSACTION; AND PRIOR TO AUTHORIZING OR APPROVING THE TRANSACTION, THE BOARD CONSIDERED AND IN GOOD FAITH DETERMINED AFTER REASONABLE INVESTIGATION UNDER THE CIRCUMSTANCES THAT ASUCLA COULD NOT HAVE OBTAINED A MORE ADVANTAGEOUS ARRANGEMENT WITH REASONABLE EFFORT UNDER THE CIRCUMSTANCES OR ASUCLA IN FACT COULD NOT HAVE OBTAINED A MORE ADVANTAGEOUS ARRANGEMENT WITH REASONABLE EFFORT UNDER THE CIRCUMSTANCES; OR (1) A COMMITTEE AUTHORIZED BY THE BOARD APPROVED THE TRANSACTION IN A MANNER CONSISTENT WITH THE STANDARDS SET FORTH ABOVE; (2) IT WAS NOT REASONABLY PRACTICABLE TO OBTAIN APPROVAL OF THE BOARD PRIOR TO ENTERING INTO THE TRANSACTION; AND (3) THE BOARD, AFTER DETERMINING IN GOOD FAITH THAT THE CONDITION OF SUBPARAGRAPHS (1) AND (2) OF THIS PARAGRAPH WERE SATISFIED, RATIFIED THE TRANSACTION AT ITS NEXT MEETING BY A VOTE OF THE MAJORITY OF THE MEMBERS OF THE BOARD THEN IN OFFICE WITHOUT COUNTING THE VOTE OF THE INTERESTED MEMBER OR MEMBERS. THIS BOARD POLICY AND THE PROVISION CONCERNING CONFLICTS OF INTEREST SET FORTH IN THE BOARD'S CONSTITUTION ARE PRESENTED AND DISCUSSED IN DEPTH ANNUALLY WITH BOTH NEW AND EXISTING BOARD MEMBERS. ALSO ANNUALLY, EACH MEMBER OF THE BOARD SIGNS AND DATES A FORMAL STATEMENT ATTESTING THAT THEY HAVE READ, UNDERSTAND AND AGREE TO ADHERE TO THE POLICY'S REQUIREMENTS; AND THAT THEY ARE NOT AWARE OF ANY ACTUAL OR POTENTIAL VIOLATIONS OF THE POLICY BY THEMSELVES OR OTHERS. IF AT ANY TIME AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST WERE TO BE IDENTIFIED BY OR INVOLVING ANY MEMBER OF THE BOARD, THE PROCEDURES SET FORTH IN THE POLICY (AS IDENTIFIED ABOVE) WOULD BE FOLLOWED TO ENSURE FULL COMPLIANCE. ALL ASUCLA EMPLOYEES ARE SUBJECT TO ASUCLA'S POLICY ON CONFLICTS OF INTEREST. THAT POLICY STATES THAT ASUCLA EMPLOYEES ARE EXPECTED TO EXERCISE INTEGRITY, PROFESSIONALISM AND DISCRETION WHEN CONDUCTING BUSINESS DIRECTLY OR INDIRECTLY RELATED TO ASUCLA. THE POLICY FURTHER STATES THAT ACTIVITIES THAT CONFLICT WITH THE INTERESTS OF ASUCLA MUST BE AVOIDED IN ALL CIRCUMSTANCES, INCLUDING: (1) ANY SITUATION IN WHICH AN ASUCLA EMPLOYEE'S ACTIVITIES, OR ACTIVITIES OF A MEMBER OF AN EMPLOYEE'S IMMEDIATE FAMILY, OR AN AGENT OF EITHER HAVE THE POTENTIAL OR APPEARANCE OF EXPLOITING ASUCLA EMPLOYMENT FOR PERSONAL GAIN; AND (2) ANY ACTIVITY IN WHICH AN EMPLOYEE, OR A MEMBER OF AN EMPLOYEE'S IMMEDIATE FAMILY, OR AN AGENT OF EITHER HAS A FINANCIAL OR OTHER INTEREST WHICH COMPETES WITH OR IMPACTS ANY CURRENT OR PLANNED ACTION, DECISION, POLICY, POSITION, DIRECTION OR INTENTION OF ASUCLA. THE POLICY INCLUDES EXTENSIVE GUIDELINES TO ASSIST EMPLOYEES IN IDENTIFYING CONFLICTS OF INTEREST IN VARIOUS FACTUAL SCENARIOS. THE POLICY FURTHER STATES THAT ALL ASUCLA EMPLOYEES ARE EXPECTED TO ENSURE THEIR COMPLIANCE WITH THE GUIDELINES PROVIDED, AND TO ACCEPT AS THEIR RESPONSIBILITY THE NEED TO REQUEST CLARIFICATION OF ANY POTENTIAL CONFLICT OF INTEREST. ALL EMPLOYEES ARE ALSO EXPECTED TO CONSULT ASUCLA'S EXECUTIVE DIRECTOR, OR HIS/HER DESIGNEE, BEFORE TAKING ACTIONS THAT MIGHT PLACE THEM IN SITUATIONS, OR APPEAR TO PLACE THEM IN SITUATIONS, THAT COULD IMPAIR OBJECTIVITY, INDEPENDENCE OR INTEGRITY OR WHICH MAY BE DETRIMENTAL TO ASUCLA. UPON HIRE AND ANNUALLY THEREAFTER, ALL ASUCLA STAFF EMPLOYEES ARE REQUIRED TO (AND DO) SIGN AN "ETHICAL CONDUCT OF BUSINESS AND CONFLICT OF INTEREST STATEMENT" CONFIRMING THAT THEY HAVE READ, UNDERSTOOD, AND AGREE TO ADHERE TO ASUCLA'S CONFLICTS OF INTEREST POLICY; THAT THEY ARE NOT AWARE OF ANY ACTUAL OR POTENTIAL VIOLATIONS OF THE POLICY BY THEMSELVES OR BY OTHERS; AND THAT THEY AGREE TO REPORT ANY ACTIVITY THEY BELIEVE MAY CONSTITUTE A CONFLICT OF INTEREST BEFORE ENGAGING IN THAT ACTIVITY. FINALLY, THE POLICY STATES THAT ASUCLA WILL (AND ASUCLA INDEED WILL) TAKE ACTION WHERE IT IS DETERMINED THAT AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST EXISTS, INCLUDING DISQUALIFYING THE EMPLOYEE FROM PARTICIPATING IN OR INFLUENCING THE AFFECTED ASUCLA ACTIVITY; AND/OR DIRECTING THE EMPLOYEE TO CEASE THE ACTIVITY OR RESIGN HIS OR HER POSITION. FORM 990, PART VI, SECTION B, LINE 15: THE BOARD APPOINTS A PERSONNEL COMMITTEE, COMPRISED OF INDEPENDENT PARTIES THAT DO NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT, WHICH REVIEWS AND APPROVES THE CEO'S LEVEL OF COMPENSATION, AND ANNUAL RAISES AND BONUSES. BECAUSE THE ORGANIZATION MUST REMAIN CONSISTENT WITH UNIVERSITY GUIDELINES, SALARIES, BONUSES AND RAISES FOR THE CEO ARE REQUIRED TO ADHERE TO UNIVERSITY GUIDELINES. FORM 990, PART VI, SECTION C, LINE 18: THE ORGANIZATION'S FORM 990 AND 990-T ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE ON ITS OWN WEBSITE. THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST.