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UNDER THAT GUIDANCE, THE ALLIANCE MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ALLIANCE AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBTI). THE ALLIANCE HAS RECOGNIZED NO UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED MAY 31, 2024 AND 2023. FORM 990, PAGE 6, PART VI, LINE 7A THE MEMBER COLLEGES ELECT ALL BOARD MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7B THE MEMBER COLLEGES APPROVE ALL ACTIONS OF THE BOARD AT THE ANNUAL MEETING. FORM 990, PAGE 6, PART VI, LINE 11B COPIES OF FORM 990 ARE PROVIDED TO BOARD MEMBERS AND DISCUSSED AT A BOARD MEETING. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD REVIEWS THE ANNUAL CONFLICT OF INTEREST REPORTS. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION AND BENEFITS OF PRESIDENT ARE DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION'S FORM 990 IS MADE AVAILABLE THROUGH ITS OWN WEBSITE, AS WELL AS THROUGH THE GUIDESTAR WEBSITE. THE FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE ON REQUEST. CONTACT INFORMATION IS PROVIDED ON THE ORGANIZATION'S WEBSITE.