Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 1 | THE EXECUTIVE COUNCIL IS COMPRISED OF THE PRESIDENT AND PRESIDENT-ELECT, BOTH OF WHOM ARE VOLUNTEERS AND VOTING MEMBERS OF THE BOARD, 7 VICE PRESIDENTS (ALL VOLUNTEERS), AND THE EXECUTIVE DIRECTOR, WHICH IS A PAID STAFF POSITION. THE BOARD HAS DELEGATED OPERATIONAL ISSUES TO THE EXECUTIVE COUNCIL. | |
| FORM 990, PART VI, SECTION A, LINE 4 | THE BYLAWS WERE CHANGED TO ALLOW THE CAS TO PARTICIPATE IN THE JOINT DISCIPLINARY PROCESS THAT WAS PROPOSED BY THE COUNCIL OF U.S. PRESIDENTS. THE CUSP PROPOSAL FOR JOINT DISCIPLINE INTENDED TO INCREASE THE EFFICIENCY OF THE DISCIPLINE PROCESS AND CREATE GREATER CONSISTENCY AMONG DISCIPLINE OUTCOMES. IN ADDITION, A PROPOSAL TO ELIMINATE ANTIQUATED LANGUAGE FROM THE CONSTITUTION AND BYLAWS RELATED TO AFFILIATE MEMBERS WAS APPROVED. | |
| FORM 990, PART VI, SECTION A, LINE 6 | FELLOW, ASSOCIATE AND AFFILIATE MEMBERS. FELLOWS HAVE VOTING RIGHTS. | |
| FORM 990, PART VI, SECTION A, LINE 7A | FELLOW MEMBERS CAN NOMINATE CANDIDATES FOR PRESIDENT AND BOARD OF DIRECTORS TO BE INCLUDED ON THE BALLOT. FELLOWS VOTE ON PRESIDENT AND BOARD MEMBERS LISTED ON A BALLOT. | |
| FORM 990, PART VI, SECTION A, LINE 7B | CHANGES TO CONSTITUTION AND BYLAWS NEED TO BE APPROVED BY VOTE FROM FELLOW MEMBERS. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE CAS MANAGEMENT REVIEWS THE 990 WITH THE EXECUTIVE DIRECTOR SIGNING THE RETURNS EACH YEAR. THE CAS BOARD HAS DELEGATED THE REVIEW OF THE 990 TO THE CAS AUDIT COMMITTEE, A COMMITTEE REPORTING TO THE BOARD AND STAFFED BY AT LEAST 3 BOARD MEMBERS. | |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICT OF INTEREST STATEMENTS ARE REQUIRED OF ALL BOARD MEMBERS, EXECUTIVE COUNCIL MEMBERS, AND KEY STAFF MEMBERS. STATEMENTS ARE UPDATED ANNUALLY. GENERALLY IF THERE IS A CONFLICT OF INTEREST, THAT PERSON WILL BE RECUSED FROM DECISION MAKING/VOTING. | |
| FORM 990, PART VI, SECTION B, LINE 15 | EXECUTIVE DIRECTOR COMPENTSATION IS SET BY THE PRESIDENT AND PRESIDENT-ELECT. MERIT INCREASES AND BONUSES ARE PERFORMANCE BASED AND DIRECTLY TIED TO ACCOMPLISHING GOALS AGREED TO AT THE BEGINNING OF THE YEAR. EXECUTIVE DIRECTOR SALARY IS VALIDATED AGAINST SIMILAR TYPE ORGANIZATIONS/POSITION USING SALARY SURVEYS. THIS PROCESS WAS MOST RECENTLY DONE IN 2011. KEY EMPLOYEE COMPENSATION IS SET BY THE EXECUTIVE DIRECTOR. MERIT INCREASES AND BONUSES ARE PERFORMANCE BASED AND DIRECTLY TIED TO ACCOMPLISHING GOALS AGREED TO AT THE BEGINNING OF THE YEAR. SALARIES ARE VALIDATED AGAINST SIMILAR TYPE ORGANIZATIONS/POSITIONS USING SALARY SURVEYS. THIS PROCESS WAS MOST RECENTLY DONE IN 2011. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE POSTED ON THE CAS WEBSITE. ANNUAL FINANCIALS ARE ALSO PUBLISHED AND MAILED OUT IN THE FEBRUARY ISSUE OF THE ACTUARIAL REVIEW, CAS'S QUARTERLY NEWSLETTER. THE CONFLICT OF INTEREST POLICY IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -159,194. |
| FORM 990, PART XII, LINE 2C | NO CHANGES TO THE OVERSIGHT OR SELECTION PROCESS DURING THE YEAR. |
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