| Return Reference | Explanation |
|---|---|
| FORM 990, PART III, LINE 2 | AMERICAN SOCIETY OF BAKING EXPANDED ITS SERVICES TO THE BAKING INDUSTRY BY IMPLEMENTING THE FOLLOWING INITIATIVES: 1. MENTORING PROGRAM: ONE-ON-ONE MATCHES ENGAGED IN FORMAL MENTORING PROGRAM. 2. EDUCATION HUB: ONLINE AND LIVE WEBINARS, DATA AND TECHNICAL SCIENCE INSIGHTS, WHITE PAPERS, TRAINING COURSES. 3. REGIONAL EVENTS: IN-PERSON NETWORKING AND EDUCATIONAL EVENTS. |
| FORM 990, PART VI, SECTION A, LINE 4 | IN MARCH OF 2024 THE BY-LAWS WERE AMENDED TO ESTABLISH TWO MEMBERSHIP CLASSIFICATIONS, REGULAR MEMBERS AND ASSOCIATE MEMBERS. ONLY REGULAR MEMBERS CAN VOTE AND ELECT THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION A, LINE 7A | THERE ARE TWO CLASSES OF MEMBERSHIP: REGULAR MEMBERS AND ASSOCIATE MEMBERS. REGULAR MEMBERS ELECT THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE RETURN IS REVIEWED BY THE FINANCE COMMITTEE AND EXECUTIVE COMMITTEE PRIOR TO FILING. THE FULL BOARD RECEIVES A COPY PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD MEMBERS RECEIVE A COPY OF THE CONFLICT OF INTEREST POLICY DURING BOARD ORIENTATION. THE INFORMATION AND POLICY IS REVIEWED DURING ONGOING GOVERNANCE EDUCATION MEETINGS. ANNUAL REVIEW AND SIGNATURE IS REQUIRED BY THE BOARD MEMBER. THE ORGANIZATION PERIODICALLY REVIEWS ITS CONFLICT OF INTEREST INFORMATION. IF A BOARD MEMBER HAS A CONFLICT, THE BOARD MEMBER CANNOT VOTE ON THE ISSUE AND MAY NEED TO ABSTAIN FROM THE DISCUSSION. |
| FORM 990, PART VI, SECTION B, LINE 15 | AN ANNUAL COMPENSATION REVIEW IS CONDUCTED BY THE EXECUTIVE COMMITTEE FOR ALL STAFF POSITIONS, INCLUDING TOP OFFICIALS. ANNUALLY THE BOARD REVIEWS AND APPROVES THE EXECUTIVE DIRECTOR'S COMPENSATION AND SALARY. THE ORGANIZATION ALSO REVIEWS THE FORM 990S OF SIMILAR ORGANIZATIONS AND UTILIZES COMPENSATION SURVEYS OR SURVEYS TO DETERMINE THE COMPENSATON IS REASONABLE. FORM 990, PAGE 6, PART VI LINE 15B INDUSTRY BENCHMARKING IS USED TO EVALUATE POSITIONS AND THE MANNER IN WHICH ANNUAL COMPENSATION RANGES ARE SET.THE BOARD ESTABLISHED THE POLICY IN APRIL 2023 AND REVIEWS ANNUALLY AS PART OF THE EMPLOYEE HANDBOOK REVIEW PROCESS. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS INCLUDING CODE OF CONDUCT, CONFLICT OF INTEREST, ARTICLES OF INCORPORATION, BYLAWS, AND COMMITTEE CHARTERS ARE ALL AVAILABLE PUBLICALLY ON ITS WEBSITE. |
| FORM 990, PART XII, LINE 1: | THE ORGANIZATION USES A MODIFIED CASH BASIS METHOD OF ACCOUNTING |
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