2024-06-07T12:45:50-05:00 2023-07-29 135565207 KPMG LLP 550 SOUTH HOPE STREET SUITE 1500 LOS ANGELES CA 90071 990 2022-07-31 951777979 ASSOCIATED STUDENTS UCLA ASSO 3107948844 308 WESTWOOD PLAZA 3519AU LOS ANGELES CA 900241640 DONNA BAKER FINANCE DIRECTOR 3107948853 2024-06-05 1 DONNA BAKER 999009999 0 DAVID M HIGHFILL P01517891 2139724000 2024-05-29 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DONNA BAKER 308 WESTWOOD PLAZA AU3519 LOS ANGELES CA 90024 92224713 0 X WWW.ASUCLA.UCLA.EDU X 1919 CA STUDENT-CENTERED PROVIDER OF SERVICES, PROGRAMS, PRODUCTS, AND FACILITIES FOR THE UCLA COMMUNITY. 10 10 2952 1510 3862437 0 14922876 16607019 7572366 8763817 115303 808264 24875107 29785790 47485652 55964890 85000 125207 0 0 27813646 31742880 0 0 124848 22373476 23933918 50272122 55802005 -2786470 162885 64788616 61340492 58743354 55132345 6045262 6208147 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. 0 0 14901278 1770310 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. 12529067 2915020 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. 10677810 148069 3242423 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. 5067218 836064 OTHER PROGRAM SERVICES PROVIDED BY ASUCLA INCLUDE SERVING AS THE INDEPENDENT PUBLISHER AND OPERATOR OF STUDENT COMMUNICATIONS MEDIA AT UCLA, AND PROVIDING FACILITIES FOR VARIOUS SERVICE PROVIDERS ON CAMPUS. 5067218 836064 43175373 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 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 1 122 0 1 2952 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 1 1 0 0 0 CA X DONNA BAKER FINANCE DIRECTOR 3107948853 308 WESTWOOD PLAZA AU3519 LOS ANGELES CA 900241640 FELICIA CHRISTINE GRAHAM BOARD DIR (THROUGH 6/30/2023) 3.00 0.00 X 0 0 0 JAZZ KIANG BOARD DIR, CHAIR (THROUGH 6/30/2023) 3.00 0.00 X X 38737 0 0 WUDIA KAMARA BOARD DIR, VICE CHAIR (THROUGH 6/30/2023) 3.00 0.00 X X 16389 0 0 MEGAN VERGEL DE DIOS BOARD DIR (THROUGH 6/30/2023) 3.00 0.00 X 16389 0 0 BRIAN MACDONALD BOARD DIR, SECRETARY 3.00 0.00 X X 0 0 0 DANIEL NEUHAUSER BOARD DIR 3.00 0.00 X 0 0 0 JULIA TERRANO BOARD DIR (THROUGH 6/30/2023) 3.00 0.00 X 8459 0 0 LIVE MALUIA BOARD DIR, CHAIR 3.00 0.00 X X 4748 0 0 OCTAVIO NAVARRO BOARD DIR (THROUGH 6/30/2023) 3.00 0.00 X 0 0 0 SCOTT MONATLIK BOARD DIR 3.00 0.00 X 0 0 0 ALEJANDRA CASTELLANOS BOARD DIR, VICE CHAIR (FROM 7/01/2023) 3.00 0.00 X X 0 0 0 DYLAN KUPSH BOARD DIR (FROM 7/1/2023) 3.00 0.00 X 0 0 0 ELIYAH COHHEN BOARD DIR (FROM 7/1/2023) 3.00 0.00 X 0 0 0 HENRY HSIAO BOARD DIR (FROM 7/1/2023) 3.00 0.00 X 0 0 0 MITCHELL LIDAY BOARD DIR (FROM 7/1/2023) 3.00 0.00 X 0 0 0 TIARA WEEDAGAMA BOARD DIR (FROM 7/1/2023) 3.00 0.00 X 0 0 0 POURIA ABBASSI EXECUTIVE DIRECTOR 40.00 0.00 X 334457 0 31348 DONNA BAKER FINANCE DIRECTOR 40.00 0.00 X 205829 0 57264 KAMRAN MEHDIAN INFO SYSTEM DIRECTOR 40.00 0.00 X 218718 0 58695 MICHELLE MOYER BUSINESS AFFAIR DIRECTOR 40.00 0.00 X 200898 0 76601 CINDY BOLTON DIRECTOR OF FOOD OPERATION 40.00 0.00 X 164938 0 32121 CINDY HOLMES DIRECTOR OF TRADEMARKS 40.00 0.00 X 138526 0 37117 ARI BARON DIRECTOR OF MARKETING 40.00 0.00 X 149617 0 49919 1497705 0 343065 7 0 1 0 KPMG LLP PO BOX 120922 DEPT 0922 DALLAS TX 75312 AUDIT & TAX SERVICES 218912 1 14114023 2229960 263036 16607019 FOOD/STORE COMMISSIONS 459210 4685330 4647043 38287 FACILITIES USE FEES 459210 1821095 1821095 STUDENT PROGRAMS/FILM 611710 865063 865063 PUBLICATIONS 513130 836064 836064 EVENTS AND CATERING 722320 556265 556265 8763817 808264 808264 4532608 4532608 60746383 36259823 24486560 3267885 21218675 WRITE OFF G/L RECON 900099 730892 730892 AMORTIZAT OF VDB ALLOW 900099 24000 24000 WRITE OFF ITEMS OVER 1 900099 11730 11730 766622 55964890 8169265 3862437 27326169 125207 125207 674797 167560 507237 23343532 17986217 5357315 2167131 1429866 737265 4146825 2736062 1410763 1410595 930706 479889 94641 79290 15351 278349 185 278164 1328222 481492 846730 463582 345704 117878 1233366 546300 687066 342359 342359 762860 673294 89566 175208 144561 30647 18482 18482 167508 145862 21646 2156062 1877451 278611 512970 512970 STUDENT PROGRAMS 9454588 9396559 58029 COMMISSIONS 2152819 2152819 BANK/CREDIT CARD PROCES 1320061 1175848 144213 EQUIPMENT RENTAL AND MA 957102 264076 693026 2515739 2173955 216936 124848 55802005 43175373 12501784 124848 180730 166704 28374594 20911503 9951805 13253510 7220013 8362623 889412 1115248 79818649 62287745 18172062 17530904 64788616 61340492 52124383 50091612 2104964 1439130 4246059 3206221 267948 395382 58743354 55132345 X 6043498 6208147 1764 0 6045262 6208147 64788616 61340492 162885 0 X 0 1 X 1 0 X 13047617 12971255 18269850 14922876 16607019 75818617 13047617 12971255 18269850 14922876 16607019 75818617 75818617 3491796 2968542 2630738 4802078 5340872 19234026 791945 349819 168637 1728882 766622 3805905 98858548 280585847 0.76690 0.77250 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: WRITE OFF ITEMS 1 YR OLD - 2018 AMOUNT: $ 101,084. 2019 AMOUNT: $ 236,503. 2020 AMOUNT: $ 96,740. 2021 AMOUNT: $ 78,342. 2022 AMOUNT: $ 11,730. WRITE OFF G/L RECON - 2018 AMOUNT: $ 357,298. 2019 AMOUNT: $ 18,544. 2020 AMOUNT: $ 18,924. 2021 AMOUNT: $ 1,525,287. 2022 AMOUNT: $ 730,892. OTHER - 2018 AMOUNT: $ 192,053. 2019 AMOUNT: $ 94,772. 2020 AMOUNT: $ 52,973. 2021 AMOUNT: $ 125,253. 2022 AMOUNT: $ 24,000. REIMBURSEMENT - 2018 AMOUNT: $ 141,510. 2022 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32180779 21211885 10968894 14139279 12152641 1986638 33498591 28923219 4575372 17530904 FUNDS HELD FOR OTHERS 395382 395382 92234623 36259823 36259823 55974800 -9910 -9910 55964890 92071738 36259823 36259823 55811915 -9910 -9910 55802005 PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED NET ON FORM 990 36,602,182. ROYALTY EXPENSE REPORTED NET OF COST OF SALES -342,359. PART XI, LINE 4B - OTHER ADJUSTMENTS: NET GAIN ON ASSET DISPOSAL REPORTED NET OF OTHER INCOME ON F/S -9,910. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED NET ON FORM 990 36,602,182. ROYALTY EXPENSE REPORTED NET OF COST OF SALES -342,359. PART XII, LINE 4B - OTHER ADJUSTMENTS: NET GAIN ON ASSET DISPOSAL REPORTED NET OF OTHER INCOME ON F/S -9,910. 0 REGENTS UNIVERSITY CALIFORNIA LOS ANGELES 10940 WILSHIRE BLVD STE 960 LOS ANGELES CA 90024 956006143 STATE OF CA 34644 0 N/A N/A STI SCREENING & WAIVER OF ABORTION FEES THE LAUREL FOUNDATION 75 S GRAND AVE PASADENA CA 91105 954429260 501(C)(3) 15700 0 N/A N/A PED HIV/AIDS RESEARCH THE UCLA FOUNDATION 10920 WILSHIRE BLVD 14TH FLOOR LOS ANGELES CA 90024 952250801 501(C)(3) 52711 0 N/A N/A SCHOLARSHIPS AND STUDENT SUPPORT INITIATIVES ELIZABETH GLASER PEDIATRIC AIDS FOUNDATION 1140 CONNECTICUT AVE 200 WASHINGTON DC 20036 954191698 501(C)(3) 12650 0 N/A N/A PED HIV/ AIDS RESEARCH THE PAINTED TURTLE 1300 4TH ST SUITE 300 SANTA MONICA CA 90095 954612481 501(C)(3) 9502 0 N/A N/A ASSIST CHILDREN WITH ILLNESS 5 PART I, LINE 2: A POLICY HAS BEEN DEVELOPED IN WHICH THE NUMEROUS STUDENT GROUPS AFFILIATED 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. X 0 0 0 0 0 0 0 1 0 POURIA ABBASSI EXECUTIVE DIRECTOR 307727 0 26730 0 0 0 21622 0 9726 0 365805 0 0 0 MICHELLE MOYER BUSINESS AFFAIR DIRECTOR 191358 0 9540 0 0 0 44167 0 32434 0 277499 0 0 0 KAMRAN MEHDIAN INFO SYSTEM DIRECTOR 208645 0 10073 0 0 0 37439 0 21256 0 277413 0 0 0 DONNA BAKER FINANCE DIRECTOR 196051 0 9778 0 0 0 40065 0 17199 0 263093 0 0 0 ARI BARON DIRECTOR OF MARKETING 140755 0 8862 0 0 0 24560 0 25359 0 199536 0 0 0 CINDY BOLTON DIRECTOR OF FOOD OPERATION 157874 0 7064 0 0 0 24716 0 7405 0 197059 0 0 0 CINDY HOLMES DIRECTOR OF TRADEMARKS 132988 0 5538 0 0 0 20814 0 16303 0 175643 0 0 0 PART I, LINE 7 CERTAIN INDIVIDUALS RECEIVED DISCRETIONARY, NON-FIXED PAYMENTS DURING THE YEAR. THESE AMOUNTS ARE REPORTED ON SCHEDULE J, PART II, COL (B)(II). 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, UNDERSTOOD AND AGREED 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 AGREED 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.