United States Coast Guard Academy Alumni Association Inc.

“Members pay annual dues to be considered "active- and be entitled to all benefits and voting privileges.”

“Members vote on the slate of 4 directors put forth by the nominating committee on an annual basis. Members may also submit write-in candidates.”

“Any changes made to the constitution must be voted on by the membership.”

“The draft form 990 is reviewed by the president and treasurer prior to filing with the irs. Copies of the filed return are provided to all members of the board of directors.”

“Each director, officer and member of a committee with board-delegated powers shall annually sign a statement which affirms that such person: 1. Has received a copy of the conflicts of interest policy, 2. Has read and understands the policy, and; 3. Has agreed to comply with the policy. Any interests that could give rise to conflicts are to be disclosed annually.”

“The president of the association is the principal representative of the association, and the person responsible for the efficient operation of the organization. Therefore, it is the desire of the association to provide a fair yet reasonable and not excessive compensation for the president and any other highly compensated employees and consultants. In addition, the association wishes to ensure its compensation structure is free from any actual or perceived pay disparities based on protected classes. Highly compensated employees include any persons receiving total compensation greater than one-hundred thousand dollars annually. The association views compensation as salary, benefits, and performance and other awards. The board of directors has by policy delegated annual salary cost-of-living adjustments (cola) to the president. The association develops and evaluates the criteria to determine compensation for the president and other highly compensated employees and consultants, the following are considered throughout all discussions: ensuring the association's ability to attract and retain talent; supporting the annual budget process; ensuring the association's overhead rate meets the expectations of our membership and external non-profit evaluators. The process for determining the compensation arrangements for the president will conform with the optional procedure creating a "rebuttable presumption" set forth in treasury regulation section 53.4958-6. Accordingly, the following conditions will be met: the process for determining fair and equitable compensation will be conducted annually; reliance on comparable data; approval by the board of directors; and the board shall adequately document the basis for its determination and compliance with the first two conditions presented immediately above and treasury regulation section 53-4958-6. The process for determining compensation for the other highly compensated employees on the association staff includes the following: a process for evaluating and determining compensation and will be conducted at least every two years; the president is responsible for evaluating and documenting the performance of the other highly compensated employees annually; and a documented review will be conducted by the president, board chair and compensation committee for compensation recommendations made by supervisors. Independence in setting compensation: the board chair, who is a volunteer and not compensated by the association, will operate independently without undue influence from the president. The compensation committee reports directly to the board chair and its roles and responsibilities are addressed in the uscgaaa compensation committee charter.”

“The process for determining compensation for the other highly compensated employees on the association staff includes the following: a process for evaluating and determining compensation and will be conducted at least every two years; the president is responsible for evaluating and documenting the performance of the other highly compensated employees annually; and a documented review will be conducted by the president, board chair and compensation committee for compensation recommendations made by supervisors. Independence in setting compensation: the board chair, who is a volunteer and not compensated by the association, will operate independently without undue influence from the president. The compensation committee reports directly to the board chair and its roles and responsibilities are addressed in the uscgaaa compensation committee charter.”

“The organization makes its governing documents, policies and financial information available to the public by posting these documents to their website.”

“Organization shall raise funds to provide "margin of excellence" support for the corps of cadets (present day students) as coast guard officers and civilian exmployees are prohibited by the law from seeking funds beyond what is appropriated by congress. The association is a 501(c)(3) and also serves to preserve traditions and enhance the reputation of the academy as it carries out the above functions.”

“Prepare bi-monthly magazine, monthly e-newsletter and annual directory and distribute same to dues paying members. These are the means by which the association keeps alumni connected to the institution on a regular basis.”

“Ppp loan proceeds -239,296”