| Return Reference | Explanation |
|---|---|
| FORM 990, PART I, LINE 13, GRANTS AND SIMILAR AMOUNTS PAID: | THE CURRENT YEAR AMOUNT OF $79,373,701 INCLUDES ALL GRANTS ACCRUED AND PAID IN 2024, PLUS $9,200,000 ACCRUED IN 2023 BUT PAID IN 2024. THE PRIOR YEAR AMOUNT OF $16,439,559 INCLUDES ALL GRANTS ACCRUED AND PAID IN 2023, EXCLUDING THE $9,200,000 ACCRUED IN 2023 BUT PAID IN 2024. THESE ADJUSTMENTS ENSURE CONSISTENCY BETWEEN THE AMOUNTS REPORTED ON FORM 990 AND FORM 1120-POL FOR EACH YEAR. PRIOR YEAR GRANTS/GRANTS PAYABLE AND CURRENT YEAR GRANTS HAVE BEEN ADJUSTED FROM THE AMOUNTS REPORTED ON THE AUDITED FINANCIAL STATEMENTS TO REFLECT THE GRANT AMOUNTS ABOVE. THIS IS A TIMING DIFFERENCE ONLY. |
| FORM 990, PART III, LINE 2 | ONEONE ACTION, LLC IS A LIMITED LIABILITY COMPANY THAT SUPPORTS ACTIVITIES THAT ACCELERATE TECHNOLOGICAL INNOVATION IN AMERICA'S DEMOCRATIC SYSTEMS TO CATALYZE RAPID AND LONG-LASTING IMPROVEMENTS FOR AMERICA'S DEMOCRACY, PRIMARILY THROUGH GRANTMAKING. |
| FORM 990, PART VI, SECTION A, LINE 3 | HILLSPIRE PROVIDED LEGAL, IT, ACCOUNTING, TAX, HR, AND MANAGEMENT SERVICES THROUGH A PERSONAL SERVICES AGREEMENT. |
| FORM 990, PART VI, SECTION A, LINE 6 | ADVOCACY ACTION FUND, INC.'S BOARD MEMBERS ARE ITS MEMBERS, PER ARTICLE 1, PARAGRAPH 1 OF THE BYLAWS. THEY ARE NOT STOCKHOLDERS. |
| FORM 990, PART VI, SECTION B, LINE 11B | RETURN WILL BE REVIEWED BY BOARD MEMBERS BEFORE FILING TO ENSURE ACCURACY. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL ADVOCACY ACTION FUND BOARD MEMBERS ARE COVERED BY THE CONFLICT OF INTEREST POLICY. THEY REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. IF THERE WAS A CONFLICT, THE CONFLICTED PERSON WOULD BE RECUSED FROM VOTING AND DISCUSSIONS ON THE MATTER. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE COMPENSATION PROGRAM WILL BE APPROVED BY THE BOARD IN A MANNER CONSISTENT WITH AAF'S CONFLICT OF INTEREST POLICY AND WILL BE REASONABLE IN FORM AND AMOUNT. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST. |
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