Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | ||||||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | 167,601 | 134,262 | 343,183 | 1,565,606 | 568,002 | 2,778,654 |
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | 638,913 | 584,356 | 651,145 | 626,962 | 665,078 | 3,166,454 |
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | 806,514 | 718,618 | 994,328 | 2,192,568 | 1,233,080 | 5,945,108 |
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | 231,406 | 149,672 | 29,348 | 12,694 | 12,688 | 435,808 |
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | 0 | |||||
| c | Add lines 7a and 7b.. | 231,406 | 149,672 | 29,348 | 12,694 | 12,688 | 435,808 |
| 8 | Public support. (Subtract line 7c from line 6.) | 5,509,300 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | 806,514 | 718,618 | 994,328 | 2,192,568 | 1,233,080 | 5,945,108 |
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | 10,775 | 42,786 | 29,541 | 32,383 | 36,354 | 151,839 |
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | 10,775 | 42,786 | 29,541 | 32,383 | 36,354 | 151,839 |
| 11 | Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | 491 | 16,326 | 50,580 | 37,971 | 105,368 | |
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | 817,289 | 761,895 | 1,040,195 | 2,275,531 | 1,307,405 | 6,202,315 |
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by .035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | ||
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
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| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | ||
| 4 Amounts paid to acquire exempt-use assets | ||
| 5 Qualified set-aside amounts (prior IRS approval required) | ||
| 6 Other distributions (describe in Part VI). See instructions | ||
| 7Total annual distributions. Add lines 1 through 6. | ||
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
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| 9 Distributable amount for 2019 from Section C, line 6 | ||
| 10 Line 8 amount divided by Line 9 amount | ||
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2019 |
(iii) Distributable Amount for 2019 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2019 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2019 (reasonable cause required-- explain in Part VI). See instructions. |
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| 3 Excess distributions carryover, if any, to 2019: | ||||
| a From 2014....... | ||||
| b From 2015....... | ||||
| c From 2016....... | ||||
| d From 2017....... | ||||
| e From 2018....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2019 distributable amount | ||||
|
i
Carryover from 2014 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from 3f. | ||||
| 4Distributions for 2019 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2019 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from 4. | ||||
|
5
Remaining underdistributions for years prior to 2019, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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6
Remaining underdistributions for 2019. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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7 Excess distributions carryover to 2020. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2015..... | ||||
| b Excess from 2016..... | ||||
| c Excess from 2017..... | ||||
| d Excess from 2018..... | ||||
| e Excess from 2019..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART III, LINE 1 | THE ASSOCIATION FOR JEWISH STUDIES ("AJS") IS THE LARGEST LEARNED SOCIETY AND PROFESSIONAL ORGANIZATION REPRESENTING JEWISH STUDIES SCHOLARS WORLDWIDE. AS A CONSTITUENT ORGANIZATION OF THE AMERICAN COUNCIL OF LEARNED SOCIETIES, THE AJS REPRESENTS THE FIELD IN A LARGER ARENA OF THE ACADEMIC STUDY OF THE HUMANITIES AND SOCIAL SCIENCES IN NORTH AMERICA. AJS'S MISSION IS TO ADVANCE RESEARCH AND TEACHING JEWISH STUDIES AT COLLEGES, UNIVERSITIES, AND OTHER INSTITUTIONS OF HIGHER LEARNING, AND TO FOSTER GREATER UNDERSTANDING OF THE JEWISH STUDIES SCHOLARS, AND MUSEUM AND RELATED PROFESSIONALS WHO REPRESENT THE BREADTH OF JEWISH STUDIES SCHOLARSHIP. THE ORGANIZATION'S INSTITUTIONAL MEMBERS REPRESENT LEADING NORTH AMERICAN PROGRAMS AND DEPARTMENTS IN THE FIELD. |
| PART III - LINE 4A | AJS 49TH ANNUAL CONFERENCE IN WASHINGTON DC (DECEMBER 17 - 29, 2017) THE AJS'S 49TH ANNUAL CONFERENCE MET IN WASHINGTON DC FOR MORE THAN 180 SESSIONS DEDICATED TO RESEARCH IN JEWISH STUDIES. MORE THAN 1100 SCHOLARS FROM AROUND THE WORLD ATTENDED THE MEETING, WHICH ALSO FEATURED A FILM SERIES, AN EXHIBIT OF LEADING PUBLISHERS IN THE FIELD, A BANQUET AND PLENARY LECTURE, SPONSORED RECEPTIONS, AND INTERVIEWS FOR JEWISH STUDIES POSITIONS. PARTICIPATION IN THE CONFERENCE IS HIGHLY SELECTIVE, WITH A COMMITTEE OF SCHOLARS VETTING PROPOSALS AND PLACING THEM INTO SESSIONS. THE CONFERENCE IS THE LARGEST ANNUAL MEETING OF JEWISH STUDIES SCHOLARS WORLDWIDE, AND IS CRITICAL FOR THE DISSEMINATION OF RESEARCH, PLANNING OF COLLABORATIVE PROJECTS, AND PROFESSIONAL NETWORKING AND INTERVIEWING. THE CONFERENCE IS ALSO AN ESSENTIAL VENUE FOR PUBLISHERS, THROUGH THE BOOK EXHIBIT AND PROGRAM BOOK, TO INFORM SCHOLARS OF NEW BOOKS IN THE FIELD THAT ARE APPROPRIATE FOR CLASSROOM ADOPTION AND RESEARCH. |
| PART III - LINE 4B | AJS PERSPECTIVES (FALL 2017 AND SPRING 2018 ISSUE) THE AJS'S BI-ANNUAL MAGAZINE PROVIDED MEMBERS WITH A FORUM FOR EXPLORING PEDAGOGICAL AND METHODOLOGICAL ISSUES IN JEWISH STUDIES RESEARCH AND TEACHING. THE THEMES THIS FISCAL YEAR WERE MIGRATION ISSUE (FALL 2017) AND OLD/NEW MEDIA ISSUE (SPRING 2018). THE MAGAZINE ALSO PUBLISHES ANNOUNCEMENTS ABOUT NEW POSITIONS, FELLOWSHIPS, AND BOOKS IN JEWISH STUDIES. THE MAGAZINE IS A CRITICAL RESOURCE FOR TEACHERS AND RESEARCHERS IN JEWISH STUDIES. ALL AJS MEMBERS RECEIVE A SUBSCRIPTION TO THE MAGAZINE. A PDF OF THE MAGAZINE IS ALSO AVAILABLE ON THE AJS WEBSITE AND ACCESSIBLE TO NON-MEMBERS. |
| PART III - LINE 4C | AJS REVIEW (FALL 2017 AND SPRING 2018 ISSUE) THE AJS'S BI-ANNUAL SCHOLARLY JOURNAL CONTINUED TO PROVIDE A FORUM FOR LEADING SCHOLARSHIP IN JEWISH STUDIES. THE JOURNAL PROVIDES AN EXTENSIVE BOOK REVIEW SECTION, INFORMING THE READERSHIP OF THE MOST IMPORTANT BOOKS IN JEWISH STUDIES, AS WELL AS PUBLISHES MORE SUBSTANTIAL INQUIRIES INTO PARTICULAR SCHOLARLY QUESTIONS. PUBLISHED BY CAMBRIDGE UNIVERSITY PRESS, AJS REVIEW IS ONE OF THE MOST WIDELY CIRCULATED PUBLICATIONS IN THE FIELD OF JEWISH STUDIES. THE FALL 2017 ISSUE AND SPRING 2018 ISSUES INCLUDED MORE THAN A DOZEN ARTICLES AND REVIEW ESSAYS, AND NUMEROUS BOOK REVIEWS. ALL AJS MEMBERS RECEIVE A SUBSCRIPTION TO THE JOURNAL. IN ADDITION, NUMEROUS COLLEGE AND UNIVERSITY LIBRARIES HOLD ELECTRONIC AND HARDCOPY SUBSCRIPTIONS TO THE JOURNAL. |
| FORM 990, PART VI, SECTION A, LINE 4 | ARTICLE III - MEMBERSHIP SECTION 1 THERE SHALL BE TWO CLASSES OF MEMBERSHIP AS FOLLOWS: A. PROFESSIONAL MEMBERSHIP IS OPEN TO ANYONE WITH A PROFESSIONAL OR SCHOLARLY INTEREST IN JEWISH STUDIES. "PROFESSIONAL INTEREST" REFERS TO SOMEONE WHOSE PART- OR FULL-TIME VOCATION IS DEVOTED TO TEACHING, RESEARCH OR OTHER WORK RELATED TO JEWISH STUDIES. "JEWISH STUDIES" ENCOMPASSES, BUT IS NOT LIMITED TO, ACADEMIA, MUSEUMS, NON-PROFITS, FOUNDATIONS, OR RELIGIOUS INSTITUTIONS. "SCHOLARLY INTEREST" REFERS TO SOMEONE WHO SHARES THE INTELLECTUAL INTERESTS OF THE CORPORATION, BUT WHOSE MAJOR VOCATION IS NOT IN JEWISH STUDIES. PROFESSIONAL MEMBERSHIP ALSO INCLUDES GRADUATE STUDENTS PURSUING A DEGREE IN AN AREA OF JEWISH STUDIES. B. INSTITUTIONAL MEMBERSHIP IS INTENDED FOR COLLEGE AND UNIVERSITY PROGRAMS AND DEPARTMENTS, RESEARCH INSTITUTIONS, AND CULTURAL ORGANIZATIONS THAT HAVE A PARTICULAR FOCUS ON JEWISH STUDIES, AND FALLS INTO THREE CATEGORIES: FULL INSTITUTIONAL MEMBERS, ASSOCIATE INSTITUTIONAL MEMBERS, AND AFFILIATE INSTITUTIONAL MEMBERS. "FULL INSTITUTIONAL MEMBERSHIP" IS OPEN TO ALL PROGRAMS, DEPARTMENTS, RESEARCH INSTITUTIONS, AND CULTURAL ORGANIZATIONS. "ASSOCIATE INSTITUTIONAL MEMBERSHIP" IS LIMITED TO PROGRAMS AND DEPARTMENTS THAT OFFER NO HIGHER THAN THE B.A. OR M.A. DEGREE, AND SMALL RESEARCH INSTITUTES AND CULTURAL ORGANIZATIONS. THE AJS WELCOMES INSTITUTIONAL MEMBERSHIPS FROM INDIVIDUAL PROGRAMS OR FROM GROUPS OF PROGRAMS WITHIN THE SAME INSTITUTION. "AFFILIATE INSTITUTIONAL MEMBERSHIP" IS INTENDED FOR PROFESSIONAL MEMBERSHIP ASSOCIATIONS AND OTHER LEARNED SOCIETIES. SECTION 2 DUES FOR EACH CLASS OF MEMBERSHIP SHALL BE SET BY THE BOARD. SECTION 3 ONLY PROFESSIONAL MEMBERS MAY VOTE AT BUSINESS MEETINGS. ONLY PROFESSIONAL MEMBERS MAY BE OFFICERS OR DIRECTORS OF THE CORPORATION. ARTICLE IV - MEETINGS OF MEMBERS SECTION 1 THE ANNUAL BUSINESS MEETING SHALL NORMALLY TAKE PLACE AT THE TIME OF THE ANNUAL CONFERENCE, THE EXACT DATE TO BE DECIDED BY THE BOARD. SECTION 2 SPECIAL MEETINGS OF THE MEMBERSHIP MAY BE CALLED BY THE BOARD NOT SOONER THAN TWENTY-ONE DAYS AFTER MAILING WRITTEN NOTICE OF SAID MEETING. SECTION 3 SPECIAL MEETINGS OF THE MEMBERSHIP MAY BE CALLED BY PETITION OF NOT LESS THAN ONE HUNDRED MEMBERS, WHICH PETITION SHALL SPECIFY THE SUBJECTS TO BE DISCUSSED AT SAID MEETING. NOTICE OF SUCH MEETINGS SHALL BE SENT TO ALL MEMBERS WITHIN FIVE BUSINESS DAYS OF RECEIPT OF THE PETITION. THE MEETING SHALL BE HELD NOT LESS THAN FOURTEEN DAYS OR MORE THAN TWENTY-ONE DAYS FROM THE DATE OF MAILING THE NOTICE. ARTICLE IX - EXECUTIVE DIRECTOR THE CORPORATION SHALL EMPLOY AN EXECUTIVE DIRECTOR TO SERVE AS ITS CHIEF ADMINISTRATIVE OFFICER. THE EXECUTIVE DIRECTOR SHALL EFFECTUATE THE PURPOSES OF THE CORPORATION AND ASSURE PROPER IMPLEMENTATION OF BOARD POLICIES AND DIRECTIVES. THE EXECUTIVE DIRECTOR SHALL SERVE IN AN EX OFFICIO, NON-VOTING CAPACITY ON THE BOARD OF DIRECTORS, THE EXECUTIVE COMMITTEE, AND ALL OTHER STANDING COMMITTEES OF THE BOARD OR THE CORPORATION, UNLESS OTHERWISE PRECLUDED BY STATUTE, REGULATION, OR A MAJORITY DECISION OF THE EXECUTIVE OFFICERS. THE EXECUTIVE DIRECTOR IS RESPONSIBLE FOR GENERAL CHARGE OF THE DAY-TO-DAY AFFAIRS OF THE CORPORATION. THIS INCLUDES, BUT IS NOT LIMITED TO: THE HIRING, SUPERVISION, EVALUATION, AND TERMINATION OF EMPLOYEES; PROPOSAL OF AN ANNUAL BUDGET TO THE BOARD; FINANCIAL MANAGEMENT; PREPARATION OF ANNUAL REPORTS; COORDINATION OF THE WORK OF COMMITTEES OF THE BOARD; AND EXECUTION OF CONTRACTS ON BEHALF OF THE CORPORATION. THE EXECUTIVE DIRECTOR SHALL REPORT TO THE BOARD, AND THE BOARD SHALL EVALUATE THE EXECUTIVE DIRECTOR'S PERFORMANCE ON AN ANNUAL BASIS. ARTICLE VII - NOMINATIONS AND ELECTIONS FOR OFFICERS AND DIRECTORS SECTION 1 THE NOMINATING COMMITTEE SHALL CONSIST OF A CHAIR AND SIX MEMBERS, EACH OF WHOM SHALL BE SELECTED BY THE PRESIDENT AND SUBJECT TO THE APPROVAL OF THE BOARD. THE MEMBERSHIP OF THE NOMINATING COMMITTEE FOR ANY YEAR SHALL BE SELECTED FROM THE PROFESSIONAL MEMBERSHIP OF THE CORPORATION AT SUCH TIME AND BE PRESENTED TO THE BOARD FOR APPROVAL AT A MEETING OF THE BOARD HELD DURING THE ANNUAL CONFERENCE FOR SUCH YEAR. WITH THE EXCEPTION OF THEN-CURRENT OFFICERS, THE NOMINATING COMMITTEE MAY INCLUDE ANY PROFESSIONAL MEMBER OF THE CORPORATION, INCLUDING THEN-CURRENT ELECTED DIRECTORS AND INDIVIDUALS WHO HAVE PREVIOUSLY SERVED AS OFFICERS OF THE CORPORATION. NO MEMBER OF THE NOMINATING COMMITTEE MAY BE NOMINATED AS AN ELECTED DIRECTOR OR AS AN OFFICER OF THE CORPORATION. SECTION 2 THE NOMINATING COMMITTEE SHALL BE RESPONSIBLE FOR NOMINATING CANDIDATES TO SERVE AS EXECUTIVE OFFICERS OF THE CORPORATION AS NECESSARY. THE NOMINATING COMMITTEE SHALL ALSO BE RESPONSIBLE FOR NOMINATING THE SIX DIRECTORS TO BE ELECTED DURING THE NEXT ANNUAL BUSINESS MEETING. ALL SUCH NOMINATIONS SHALL BE SET FORTH IN AN ANNUAL REPORT OF THE NOMINATING COMMITTEE (THE "ANNUAL NOMINATION REPORT"). SECTION 3 THE NOMINATING COMMITTEE SHALL PRODUCE THE ANNUAL NOMINATION REPORT EACH YEAR, WHICH SHALL BE SUBMITTED TO THE PRESIDENT OF THE CORPORATION NO LATER THAN THE SEPTEMBER 15 OF EACH YEAR PRECEDING THE ANNUAL BUSINESS MEETING FOR SUCH YEAR AT WHICH ELECTIONS WILL BE HELD. THE ANNUAL NOMINATION REPORT SHALL BE MADE AVAILABLE TO ALL OF THE MEMBERSHIP AT LEAST THIRTY DAYS PRIOR TO THE DATE OF THE ANNUAL BUSINESS MEETING. SECTION 4 ALL ELECTIONS SHALL TAKE PLACE AT THE ANNUAL BUSINESS MEETING, WHICH SHALL BE HELD PRIOR TO THE FIRST MEETING OF THE BOARD DURING THE ANNUAL CONFERENCE. ELECTIONS SHALL BE BY A MAJORITY OF THE VOTES OF THE PROFESSIONAL MEMBERS OF THE CORPORATION PRESENT AND CASTING BALLOTS AT THE ANNUAL BUSINESS MEETING. ARTICLE XI - AUDIT COMMITTEE SECTION 1 THE AUDIT COMMITTEE SHALL CONSIST SOLELY OF AT LEAST THREE INDEPENDENT DIRECTORS AND SHALL OVERSEE THE ACCOUNTING AND FINANCIAL REPORTING PROCESSES OF THE CORPORATION AND THE AUDIT OF THE CORPORATION'S FINANCIAL STATEMENTS. INDEPENDENT DIRECTOR" SHALL MEAN A DIRECTOR WHO (I) IS NOT, AND HAS NOT BEEN WITHIN THE LAST THREE YEARS, AN EMPLOYEE OF THE CORPORATION OR AN AFFILIATE OF THE CORPORATION, AND DOES NOT HAVE A RELATIVE WHO IS, OR HAS BEEN WITHIN THE LAST THREE YEARS, AN EMPLOYEE OF THE CORPORATION OR AN AFFILIATE OF THE CORPORATION; (II) HAS NOT RECEIVED, AND DOES NOT HAVE A RELATIVE WHO HAS RECEIVED, IN ANY OF THE LAST THREE FISCAL YEARS, MORE THAN $10,000 IN DIRECT COMPENSATION FROM THE CORPORATION OR AN AFFILIATE OF THE CORPORATION (OTHER THAN REIMBURSEMENT FOR EXPENSES REASONABLY INCURRED AS A DIRECTOR); AND (III) IS NOT A CURRENT EMPLOYEE OF OR DOES NOT HAVE A SUBSTANTIAL FINANCIAL INTEREST IN, AND DOES NOT HAVE A RELATIVE WHO IS A CURRENT OFFICER OF OR HAS A SUBSTANTIAL FINANCIAL INTEREST IN, ANY ENTITY THAT HAS MADE PAYMENTS TO, OR RECEIVED PAYMENTS FROM, THE CORPORATION OR AN AFFILIATE OF THE CORPORATION FOR PROPERTY OR SERVICES IN AN AMOUNT WHICH, IN ANY OF THE LAST THREE FISCAL YEARS, EXCEEDS THE LESSER OF $25,000 OR 2% OF SUCH ENTITY'S CONSOLIDATED GROSS REVENUES. FOR PURPOSES OF THIS CLAUSE (III), "PAYMENT" DOES NOT INCLUDE CHARITABLE CONTRIBUTIONS. SECTION 2 THE AUDIT COMMITTEE SHALL ANNUALLY RETAIN OR RENEW THE RETENTION OF AN INDEPENDENT AUDITOR TO CONDUCT THE AUDIT AND, UPON COMPLETION THEREOF, REVIEW THE RESULTS OF THE AUDIT AND ANY RELATED MANAGEMENT LETTER WITH THE INDEPENDENT AUDITOR. SECTION 3 THE AUDIT COMMITTEE SHALL OVERSEE THE ADOPTION, IMPLEMENTATION OF, AND COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ADOPTED BY THE CORPORATION IF THIS FUNCTION IS NOT OTHERWISE PERFORMED BY ANOTHER COMMITTEE OF THE BOARD COMPRISED SOLELY OF INDEPENDENT DIRECTORS. ARTICLE XII - INDEMNIFICATION UNLESS EXPRESSLY PROHIBITED BY LAW, THE CORPORATION SHALL INDEMNIFY AND HOLD HARMLESS ANY PERSON MADE A PARTY TO AN ACTION, SUIT, OR PROCEEDING (WHETHER CIVIL, ADMINISTRATIVE, OR INVESTIGATIVE) BY REASON OF THE FACT THAT SUCH PERSON IS OR WAS AN OFFICER, DIRECTOR, EMPLOYEE, OR AGENT OF THE CORPORATION OR SERVES OR SERVED ANY OTHER ORGANIZATION AT THE REQUEST OF THE CORPORATION, AGAINST ALL EXPENSES (INCLUDING ATTORNEYS' FEES), JUDGMENTS, FINES, AND AMOUNTS PAID OR TO BE PAID IN SETTLEMENT INCURRED IN CONNECTION WITH SUCH ACTION, SUIT, OR PROCEEDING, EXCEPT IN RELATION TO MATTERS AS TO WHICH HE OR SHE SHALL BE ADJUDGED IN SUCH ACTION, SUIT, OR PROCEEDING TO BE LIABLE FOR GROSS NEGLIGENCE OR MISCONDUCT IN THE PERFORMANCE OR OMISSION OF A DUTY. THE RIGHT OF INDEMNIFICATION HEREBY PROVIDED SHALL NOT BE EXCLUSIVE OF OR AFFECT ANY OTHER RIGHTS TO WHICH ANY SUCH INDEMNIFIED PERSON MAY BE ENTITLED. NOTHING CONTAINED HEREIN SHALL AFFECT ANY RIGHTS TO INDEMNIFICATION TO WHICH CORPORATE PERSONNEL OTHER THAN THE PERSONS DESIGNATED IN THIS ARTICLE MAY BE ENTITLED BY CONTRACT, BY VOTE OF THE BOARD OF DIRECTORS, OR OTHERWISE UNDER LAW. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE AJS IS A MEMBERSHIP ORGANIZATION. |
| FORM 990, PART VI, SECTION A, LINE 7A | ALL MEMBERS ARE ELIGIBLE TO ELECT BOARD MEMBERS AND OFFICERS. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE BYLAWS MAY BE AMENDED OR REPEALED OR NEW BYLAWS ADOPTED AT ANY REGULAR OR SPECIAL MEETING OF THE BOARD BY VOTE OF A MAJORITY OF THE FULL MEMBERSHIP OF SUCH BOARD, PROVIDED THAT NOTICE OF THE PROPOSED ACTION SHALL HAVE BEEN GIVEN IN THE NOTICE FOR SUCH MEETING. ALL BYLAWS MADE BY THE BOARD MAY BE ALTERED, AMENDED OR REPEALED BY THE MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 11B | DRAFT OF FORM 990 IS SENT TO THE FULL BOARD OF DIRECTORS FOR REVIEW. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION HAS REQUESTED BOARD MEMBERS AND KEY EMPLOYEES TO SIGN AN ANNUAL CONFLICT OF INTEREST POLICY CERTIFICATION. IN ADDITION, BOARD MEMBERS AND KEY EMPLOYEES ARE REQUESTED TO COMPLETE AN ANNUAL FORM 990 DISCLOSURE, WHICH REQUESTS DISCLOSURE OF ANY INTEREST THAT COULD GIVE RISE TO CONFLICTS. |
| FORM 990, PART VI, SECTION B, LINE 15A | COMPENSATION OF ALL KEY EMPLOYEES IS DISCUSSED AND APPROVED BY THE BOARD. COMPENSATION IS BASED ON INDUSTRY STANDARDS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
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| Software Version: |