Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Section A, line 1 | Several Members of the Board of Directors are on the Executive Committee of the AFP Board of Directors. Under the AFP bylaws and Board resolution, the Executive Committee may exercise the powers of the Board when the Board is not in session, but must report its actions to the Board at the next Board meeting. The Executive Committee may not: (1) amend, alter, or repeal the organization's bylaws or articles of incorporation; (2) elect, appoint, or remove any officer or director; or (3) authorize the disposition of any of the organization's property and assets. |
| Form 990, Part VI, Section A, line 4 | The bylaws were updated to reflect the organization's name as changed through resolution in a previous filing year. Board member requirements and officer descriptions were also updated. |
| Form 990, Part VI, Section B, line 11b | The Form 990 is prepared by an independent CPA firm. The Treasurer and General Counsel review in detail. The 990 is then distributed to the audit committee, acting on behalf of the board for review and questions prior to filing with the IRS. |
| Form 990, Part VI, Section B, line 12c | The organization has in place a conflict of interest policy covering all staff, directors and officers that it monitors through the quarterly meetings of the Board of Directors' Audit Committee and an annual employee survey. Should a conflict be disclosed, it is addressed by company management or the board, as appropriate. |
| Form 990, Part VI, Section B, line 15 | Line 15a - The Chief Executive Officer's compensation is reviewed and approved by the board. Comparability data is used and this process is documented in the employee's personnel file. Line 15b - The Chief Executive Officer reviews compensation for officers and other key employees and it is approved by the Chair of the Executive Committee of the board. This process is documented in the employee's personnel file. This process was last completed during the tax year for all officers. |
| Form 990, Part VI, Section C, line 19 | The organization makes available to the public documents required by law to be made publicly available in accordance with IRS procedures. |
| Form 990, Part V, Line 2a, Part VII, Part IX, Lines 5 - 10 and Schedule J | Certain employees of Americans for Prosperity may perform services for Americans for Prosperity Foundation, a related organization, through a service contract between the organizations where the service recipient organization pays the service provider organization arm's length payments for such services; and certain employees of Americans for Prosperity Foundation may perform services for Americans for Prosperity through a service contract between the organizations where the service recipient organization pays the service provider organization arm's length payments for such services. To reflect the service arrangement, compensation has been shown in proportion to the hours provided by respective organization employees in proportion to the hours performed for each organization through the service contracts and aggregate compensation amounts are reported on the employees' Form W-2 issued by his or her employer. |
| Form 990, Part VIII, Line 7a/7b | The organization has a policy whereby all contributed securities are immediately sold through the broker that receives those contributions on the organization's behalf. |
| Form 990, Part X, Lines 27-29: | In accordance with the principles of FASB ASU 2016-14 (ASC 958),the organization has implemented required changes to its audited financial statements for the period ended 12/31/18. To date, Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Part X, Lines 27-29: Line 27 - Net assets without donor restrictions $19,618,015 Line 29 - Net assets with donor restrictions $123,671 Total net assets $19,741,686 |
| Form 990, Part XII, Line 2c | The organization's Audit Committee assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year. |
| Software ID: | |
| Software Version: |