American Arbitration Association Inc

“The bylaw amendments reconstituted the council of the aaa (the "council") to a standing voluntary advisory body of aaa rather than as its corporate membership body. The bylaw amendments also made changes to the structure and administration of the board to reflect best practices and new york not-for-profit law. These include changes to the board, committees, the voting practices of the board, and revisions to the provisions governing officers (all of whom are now members of the board).”

“Prior to submission to the audit committee, the substantive input for the form 990 is compiled and reviewed by the finance department with the assistance of the aaa's independent accounting firm. It is then submitted for review to the executive management (president and ceo, cfo, and general counsel) subsequent to these reviews the form 990 is forwarded to the audit committee, and is made available to the board of directors. Once reviewed by the committee, it is signed by the cfo as the appropriate representative of the aaa.”

“Directors and officers complete a conflict of interest form annually and these are reviewed by the audit committee of the board of directors. The aaa's general counsel, manages the receipt and review of conflict of interest submissions. The aaa has relied upon the responses of officers, and directors to annual questionnaires designed to elicit the disclosure of these relationships.”

“Each year, the compensation committee of the aaa's board of directors is responsible for reviewing and recommending the compensation of the aaa's president and ceo. The full board of directors then reviews and determines the president and ceo's compensation. The compensation committee consists entirely of independent board members who did not have a conflict of interest. In conducting their review and making their determination, the compensation committee and the board of directors rely upon market comparability data for similarly qualified individuals in functionally comparable positions at similarly situated organizations provided by an independent nationally recognized compensation consulting firm with expertise advising nonprofit organizations. In addition, the compensation consulting firm also issued an opinion letter certifying to the reasonableness of the president and ceo's total compensation under section 4958 of the internal revenue code. Performance reviews are taken into account, including achievement towards objectives aligned with promoting the aaa's mission and supporting its operations. The compensation committee and board's deliberations and vote are documented contemporaneously. The compensation determination process is intended to qualify for the "rebuttable presumption of reasonableness" under treasury regulation 53.4958-6. Part vi, section b, line 15b: the compensation committee of the aaa's board of directors is responsible for reviewing and approving the overall compensation strategy of other officers and key employees, and the president's recommendations for base salary and incentive compensation. The compensation committee consists entirely of independent board members who did not have a conflict of interest. In conducting their review and making their determination, the compensation committee and the board of directors rely upon market comparability data for similarly qualified individuals in functionally comparable positions at similarly situated organizations provided by an independent nationally recognized compensation consulting firm with expertise advising nonprofit organizations. In addition, the compensation consulting firm also issued an opinion letter certifying to the reasonableness of the total compensation of the aaa's officers and key employees under section 4958 of the internal revenue code. Performance reviews are taken into account, including achievement towards objectives aligned with promoting the aaa's mission and supporting its operations. The compensation committee's deliberations and vote are documented contemporaneously. The compensation determination process is intended to qualify for the "rebuttable presumption of reasonableness" under treasury regulation 53.4958-6.”

“The american arbitration association ("aaa") makes available its form 990 for public inspection upon request, and it is made available on the www.guidestar.org website as well. The aaa does not provide form 1023 per guidance on the irs website as the aaa did not file this form after july 15, 1987, nor did it have a copy on that date. To date, governing documents and policies concerning conflict of interest have not been made available to the public.”

“While the american arbitration association ("aaa") has no actual knowledge of any family or business relationship between officers, trustees or key employees, through our annual conflict of interest procedures, we would anticipate that among the governing body, that is composed of a wide range of leaders from various fields, that some relationship may exist.”

“The american arbitration association ("aaa", "the association") maintains a roster of approximately 5,300 impartial arbitrators and mediators to hear and resolve cases. To maintain neutrality and integrity of the alternative dispute resolution process, the association facilitates payment to arbitrators and mediators on most cases on behalf of the parties to aaa administered cases by acting as a conduit for such payments. In other words, the association delivers party payments to arbitrators and mediators, and issues a 1099-nec form to each arbitrator and mediator at year end consolidating all party payments made through the aaa in that period. Arbitrators and mediators are not considered to be independent contractors as defined by the irs for the purposes of the form 990, as they provide no good or service directly to the association. The 3,357 form 1099-nec submissions noted on part v, question 1a include accounts for payments made by parties to impartial arbitrators and mediators through the aaa. The aaa records these funds in a custodial capacity as a liability on the aaa's balance sheet. These funds are not recorded or recognized as income or expense. Some arbitrators and mediators are members of the association's board of directors. However, such service is purely voluntary and no member of the board is compensated for their service as a member of the board.”

“The american arbitration association ("aaa") is dedicated to effective, efficient and economical methods of dispute resolution through education, technology and solutions-oriented service. The aaa does not decide cases. Rather, it provides a forum for the hearing of disputes, tested rules and procedures that have broad acceptance and a roster of approximately 5,300 impartial arbitrators and mediators to hear and resolve cases. Their conduct is guided by a code of ethics, such as one developed jointly by the aaa and the american bar association. Additionally, the administration of election services is a specialized and unique capability of the aaa, and is provided to various organizations, associations and unions. Procedures seek to assure the fairness of results and give the participants the security of knowing that their democratic rights have been fully and fairly preserved.”

“Post retirement obligation -602,703.”