Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| Officer compensation | Part VII, line 1a | In accordance with the Association's Board Policy, the President and President-Elect will be awarded an honorarium to cover lost wages/lost workdays for their year of service. A minimum honorarium of $53,000 for the President and $31,500 for the President-Elect. A portion of the honorarium was awarded to the employers of the President and the President-elect to recognize their support for the officer's productive time away from the workplace. |
| Policy for governing body's review of form 990 | Part VI, line 11a | The form 990 is presented to the board of directors by email for their review with a follow-up conference call for discussion of any questions prior to filing with the IRS. |
| Public disclosure policy | Part VI, line 19 | The governing documents and conflict of interest policy are available to the public upon request. The organization's financial statements are available to the public on AORN's website. |
| Conflict of Interest Policy - Enforcement | Part VI, Line 12c | During initial orientation for new board members and again at the annual board meeting, the conflict of interest policy is reviewed with the board members. Each year board members are asked to complete an acknowledgement of receipt and disclosure form related to the conflict of interest policy and disclose any conflicts or potential conflicts. A reminder of the conflict of interest policy is a standing agenda item at each board meeting throughout the year. Board members regularly recuse themselves from voting on matters where a potential conflict may or does exist. |
| Process for determining executive compensation | Part VI, Lines 15a and 15b | Executive Director/CEO: For initial hire, the Director of Human Resources provides the Board Of Directors with a recommended compensation range commensurate with the role based on compensation data from multiple benchmarking surveys and statistics from organizations of similar size and region. The Board Of Directors determines the compensation amount from within the recommended range. Thereafter and annually, the Board of Directors reviews the current compensation amount taking into consideration overall performance, achievement of goals and objectives and information provided from more recent benchmarking data. Any compensation changes are documented and placed in the Executive Director's file. Initial process undertaken 3/07 with the last compensation review completed 2010. All other officers and key employees: For initial hires, the Director of Human Resources provides the Executive Director with a recommended compensation range commensurate with the role based on compensation data from multiple benchmarking surveys and statistics from organizations of similar size and region. The Executive Director, along with the Human Resources Director, determines the compensation amount from within the recommended ranges. Thereafter and annually, Executive Director reviews the current compensation amount taking into consideration overall performance, achievement of goals and objectives and information provided from more recent benchmarking data. Any compensation changes are documented and placed in the Key Employee's file. Initial process undertaken upon hire with the last compensation review completed 2010. |
| Members | PART VI, lines 6, 7A, 7B | AORN IS A MEMBERSHIP ORGANIZATION. MEMBERS MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY, AND SOME DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE MEMBERS. |
| Other Changes in Net Assets | part XI, Line 5 | Unrealized gain on investments $49,382 Gain in earnings of taxable subsidiary: $49,645 Miscellaneous adjustment (10) TOTAL: $99,017 |
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