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 MEMBERS OF THE ACADEMY SHALL CONSIST OF FELLOWS, STUDENT MEMBERS, INTERNATIONAL MEMBERS, AND AFFILIATE MEMBERS. ADDITIONAL CATEGORIES MAY BE ESTABLISHED BY POLICY OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7A | ONLY FELLOW MEMBERS CAN VOTE ON SIGNIFICANT DECISIONS OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE CONTROLLER AND EXECUTIVE DIRECTOR WILL GO OVER THE FORM 990 WITH THE TREASURER. ADDITIONALLY, A COPY OF THE FORM 990 DRAFT WILL GO TO THE BOARD OF DIRECTORS FOR REVIEW. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH DIRECTOR AND OFFICER IS REQUIRED TO REVIEW A COPY OF THE CONFLICT OF INTEREST POLICY, WHICH REQUIRES EACH PERSON TO DISCLOSE ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH HE OR SHE BELIEVES COULD CONTRIBUTE TO A CONFLICT. FOLLOWING FULL DISCLOSURE OF A POSSIBLE CONFLICT OF INTEREST, THE BOARD OF DIRECTORS SHALL DETERMINE WHETHER AN ACTUAL CONFLICT OF INTEREST EXISTS AND, IF SO, THE BOARD SHALL VOTE TO AUTHORIZE OR REJECT THE TRANSACTION OR TAKE ANY OTHER ACTION DEEMED NECESSARY TO ADDRESS THE CONFLICT AND PROTECT THE ACADEMY'S BEST INTERESTS. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE SALARY OF THE ACADEMY'S EXECUTIVE DIRECTOR WAS REVIEWED BY THE COMPENSATION COMMITTEE AND APPROVED BY THE FULL BOARD OF DIRECTORS AS PART OF THE ORGANIZATIONAL BUDGET. THESE DECISIONS ARE DOCUMENTED CONTEMPORANEOUSLY IN THE COMMITTEE MEETING NOTES AND THE BOARD MEETING MINUTES. SALARY DECISIONS FOR ALL EMPLOYEES ARE MADE USING COMPARABILITY DATA FOR SIMILAR POSITIONS IN COMPARABLE ORGANIZATIONS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ACADEMY MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | CONTRACTORS 281,901. OTHER PROFESSIONAL SERVICES 353,000. EDITORIAL 105,012. |
| FORM 990, PART VI, SECTION C, LINE 18: | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
| FORM 990, PART VI, SECTION C, LINE 18: | THE ACADEMY'S GOVERNING DOCUMENTS AND BY-LAWS ARE AVAILABLE ONLINE ON ITS WEBSITE. THE AUDITED FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. |
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