National Certification Commission for Acucpunture and Oriental Medicine

“An outside cpa firm prepares the form 990. The ceo and director of finance & administration then review the draft. A copy of the draft is also placed on a secure website for all officers and commissioners to review as part of the agenda for the next board meeting. The board votes on the approval of the form 990 as is or with edits. The outside cpa firm makes changes, as needed, and provides the final form 990 to the ceo to sign and file with the irs.”

“The organization conducts annual reviews in which potential conflicts are referred to the executive committee. If a conflict of interest exists, the commissioner is requested to either terminate the relationship or step down as commissioner.”

“The compensation of the ceo is negotiated by and between the ceo and the board of commissioners. It is based on performance and comparative pay rates for similar positions in the industry. The current ceo was hired in july 2019 and her contract automatically renewed on january 1, 2020 and continues for three years. The board reviews published compensation surveys, outside benchmarks, and factors in other information, such as experience in the industry and additional qualifications. The board approves an annual budget that includes a line item for total staff salaries, which includes compensation for the ceo. The most recent compensation review was completed in october 2020. The compensation for key employees is set by the chief executive officer (ceo) with input from an outside hro. Salaries are based on annual performance reviews, benchmarking to industry standards using published compensation surveys, and relevant industry data for comparison. The board approves compensation amounts by approving an annual budget which includes a line item for total staff salaries.”

“Nccaom makes its governing documents and conflict of interest policy available upon request. The audited statement of activities are published in the annual report of the diplomate newsletter, which is available to all diplomates and posted on the nccaom website for public viewing.”

“Directors and officers are compensated (paid honoraria) for the days in which they represented nccaom at a meeting or function. Compensation amounts are determined by the nccaom's honorarium policy. Employees' compensation represents salaries paid as employees of nccaom.”

“Exam administration services 359,956. Customer services 573,513. Government relations 120,000. Other independent contractors 361,362.”

“The commission received loan proceeds in the amount of $249,814 under the paycheck protection program. The promissory note calls for monthly principal and interest payments amortized over the term of the promissory note with a deferral of payments for the first six months. Under the coronavirus aid, relief, and economic security act (cares act), the promissory note may be forgiven by the small business administration in whole or in part. The commission intends to use the proceeds for purposes consistent with the paycheck protection program and believes that its use of the loan proceeds will meet the conditions for forgiveness of the loan. The commission intends to apply for forgiveness after completing the 24-week period. If forgiveness is granted, the commission will record revenue from debt extinguishment during the period that forgiveness is approved.”