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 6 | THE BYLAWS OF THE AIC INCLUDE FIVE CLASSES OF MEMBERSHIP WHICH INCLUDES HONORARY, FELLOWS, PROFESSIONAL ASSOCIATES, ASSOCIATES AND INSTITUTIONAL MEMBERS. ONLY FELLOWS, PROFESSIONAL ASSOCIATES AND ASSOCIATES MAY VOTE TO ELECT THE OFFICERS AND BOARD OF DIRECTORS. BOARD MEMBERS MUST BE EITHER FELLOWS OR PROFESSIONAL ASSOCIATES EXCEPT THAT THE PRESIDENT AND VICE PRESIDENT MUST BE A FELLOW. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE BOARD OF DIRECTORS CONSISTS OF EIGHT DIRECTORS AND ONE APPOINTED NON VOTING EX-OFFICIO MEMBER, WHICH IS THE EXECUTIVE DIRECTOR. BOARD MEMBERS MUST BE EITHER FELLOWS OR PROFESSIONAL ASSOCIATES EXCEPT THAT THE PRESIDENT AND VICE PRESIDENT MUST BE A FELLOW. ONLY FELLOWS, PROFESSIONAL ASSOCIATES AND ASSOCIATES CAN VOTE TO ELECT A DIRECTOR OR OFFICER. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE BOARD OF DIRECTORS OF AIC ACTS ON BEHALF OF THE MEMBERSHIP FOR MOST DECISIONS. THE MEMBERSHIP IS REQUIRED TO APPROVE ANY AMENDMENTS TO THE BYLAWS, ELECTIONS OF OFFICERS, DIRECTORS AND MEMBERS OF THE NOMINATING COMMITTEE, OR OTHER MATTERS ON WHICH A VOTE IS REQUESTED BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PREPARED BY AN OUTSIDE CPA AND REVIEWED AND APPROVED BY MANAGEMENT. THE EXECUTIVE DIRECTOR REVIEWS, APPROVES, AND SIGNS THE FORMS 990, 990T, AND RELATED STATE FILINGS. A COPY IS PROVIDED TO THE BOARD OF DIRECTORS ELECTRONICALLY PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH YEAR, BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES ARE PROVIDED A COPY OF THE CONFLICT OF INTEREST POLICY DURING A BOARD MEETING. AT THE SAME TIME, THEY ARE GIVEN A FORM TO COMPLETE. ON THE FORM, EACH BOARD MEMBER AFFIRMS THAT THEY HAVE RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAVE READ AND UNDERSTAND THE POLICY, AND AGREE TO COMPLY WITH THE POLICY. THE ORGANIZATION REQUIRES DISCLOSURE OF ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. IN ADDITION, ANY POTENTIAL OR ACTUAL CONFLICTS OF INTEREST ARE ADDRESSED DURING THE YEAR AS NEEDED AND APPROPRIATE ACTION IS TAKEN BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE COMPENSATION OF THE EXECUTIVE DIRECTOR, THE ONLY COMPENSATED OFFICER OF THE ORGANIZATION, IS DETERMINED BY THE BOARD OF DIRECTORS USING AN EXTERNAL SALARY SURVEY SPECIFIC TO THE NONPROFIT SECTOR. THE PERFORMANCE OF THE EXECUTIVE DIRECTOR IS EVALUATED BY THE BOARD ANNUALLY AND ANY INCREASE IN HER COMPENSATION IS APPROVED AT THAT TIME, GENERALLY IN EXECUTIVE SESSION WITHOUT MINUTES. THE SALARY CHANGE IS COMMUNICATED TO THE ORGANIZATION BY THE BOARD OF DIRECTORS. THE LAST COMPENSATION REVIEW TOOK PLACE DECEMBER 2022. |
| FORM 990, PART VI, SECTION C, LINE 19 | NO DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UNLESS REQUIRED BY LAW. |
| Software ID: | |
| Software Version: |