| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE 990 IS PREPARED BY THE ACTION FUND'S OUTSIDE AUDITORS, THEN REVIEWED BY THE FINANCE DEPARTMENT AND EXECUTIVE COMMITTEE BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY WITH LETTERS PROVIDED TO THE BOARD OF DIRECTORS TO DISCLOSE POSSIBLE LIABILITIES. |
| FORM 990, PART VI, SECTION B, LINE 15 | EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS SERVES AS THE COMPENSATION COMMITTEE FOR THE PRESIDENT AND CEO. THE EXECUTIVE COMMITTEE IS ASKED TO COMPLETE A QUESTIONNAIRE TO EVALUATE THE PERFORMANCE OF THE PRESIDENT AND CEO. THE QUESTIONNAIRE GATHERS QUALITATIVE AND QUANTITATIVE EVALUATIONS. THE EXECUTIVE COMMITTEE MEETS TO REVIEW THE EVALUATIONS AND DISCUSS THE PRESIDENT AND CEO'S PERFORMANCE. THE BOARD CHAIR MEETS WITH THE PRESIDENT AND CEO TO COMMUNICATE THE RESULTS OF THE EVALUATION. COMPENSATION DECISIONS ARE BASED ON SEVERAL CONSIDERATIONS INCLUDING PERFORMANCE, FINANCIAL POSITION OF THE ORGANIZATION, COMPENSATION OF OTHER NON-PROFIT ORGANIZATIONS IN THE WASHINGTON, DC AREA AND THE FEDERAL GOVERNMENT. THE PROCESS WAS LAST COMPLETED IN DECEMBER 2022. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ACTION FUND MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON THE REQUEST OF THE MANAGEMENT OF THE ACTION FUND. |
| FORM 990, PART IX, LINE 11G | CONSULTANT SERVICES: PROGRAM SERVICE EXPENSES 379,114. MANAGEMENT AND GENERAL EXPENSES 8,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 387,114. PUBLIC RELATIONS: PROGRAM SERVICE EXPENSES 44,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 44,000. |
| FORM 990, PART XII, LINE 2C: | THE AUDIT OVERSIGHT PROCESS HAS REMAINED UNCHANGED FROM THE PRIOR YEAR. |
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