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 B, LINE 11B | THE FORM 990 IS REVIEWED BY MANAGEMENT, THE FINANCE VICE CHAIR, AND THE BOARD OF DIRECTORS BEFORE FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION REQUIRES DIRECTORS AND OFFICERS TO SIGN AN ANNUAL AFFIRMATION OF COMPLIANCE TO DISCLOSE ANY POTENTIAL SITUATION THAT MAY RAISE A CONFLICT OF INTEREST TO THE BOARD OF DIRECTORS. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON DISCLOSES THE EXISTENCE OF THE FINANCIAL INTEREST AND IS GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO ONE OR MORE DIRECTORS. SUCH DISCLOSURE MUST BE PROVIDED AS SOON AS REASONABLY POSSIBLE PRIOR TO FURTHER CONSIDERATION OR CONTEMPLATION OF ENTERING INTO ANY ACTIVITY, TRANSACTION OR ARRANGEMENT THAT REPRESENTS A POSSIBLE CONFLICT OF INTEREST. ADVANCE DISCLOSURE MUST OCCUR SO THAT THE BOARD MAY DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS AND, IF APPROPRIATE, DETERMINE A PLAN OF ACTION TO MANAGE THE CONFLICT. IF AN INTERESTED PERSON DISCLOSES THE EXISTENCE OF A FINANCIAL INTEREST DURING A MEETING, HE/SHE LEAVES THE BOARD MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON. THE REMAINING BOARD MEMBERS DECIDE IF A CONFLICT OF INTEREST EXISTS. IF AN INTERESTED PERSON DISCLOSES THE EXISTENCE OF A FINANCIAL INTEREST TO ONE OR MORE DIRECTORS OUTSIDE OF A BOARD MEETING, HE/SHE PROVIDES ADDITIONAL INFORMATION AS REQUESTED TO THE DIRECTORS. THE BOARD DISCUSSES AND DETERMINES WHETHER A CONFLICT OF INTEREST EXISTS AT THE NEXT BOARD MEETING. THE FACT THAT A POTENTIAL CONFLICT WAS IDENTIFIED, MANAGED, AVOIDED, AND/OR RESOLVED WILL BE DOCUMENTED IN THE MINUTES OF ANY MEETING OR COMMUNICATION REGARDING THE MATTER. |
| FORM 990, PART VI, SECTION B, LINE 15A | AAUW ACTION FUND RELIES ON THE AMERICAN ASSOCIATION OF UNIVERSITY WOMEN, INC. (AAUW), A RELATED TAX-EXEMPT ORGANIZATION, TO SET COMPENSATION. AAUW'S PROCESS IS AS FOLLOWS: THE CHIEF EXECUTIVE OFFICER (CEO) HAS AN EMPLOYMENT AGREEMENT WITH AAUW. THE BOARD OF DIRECTORS CONDUCTS A YEARLY PERFORMANCE REVIEW OF THE CEO UPON WHICH COMPENSATION IS BASED. THIS MOST RECENTLY TOOK PLACE IN SEPTEMBER 2023. THE BOARD OF DIRECTORS RELIES ON AN INDEPENDENT COMPENSATION CONSULTANT TO OBTAIN APPROPRIATE COMPENSATION INFORMATION FOR THE CEO. YEARLY STAFF COMPENSATION IS RECOMMENDED BY SENIOR MANAGEMENT TO THE CEO. THE OVERALL COMPENSATION IS THEN PRESENTED TO THE BOARD OF DIRECTORS THROUGH THE BUDGET APPROVAL PROCESS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S BYLAWS ARE AVAILABLE IN THE WWW.AAUWACTION.ORG WEBSITE. AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE AAUW.ORG WEBSITE. |
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