Association of National Advertisers Inc

“Ana has one class of membership: member concerns, which are voting members. Ana's membership consists of nearly 1,000 domestic and international companies, including client-side marketers. Collectively, ana member companies represent 20,000 brands, engage 50,000 industry professionals, and invest more than $400 billion in marketing and advertising annually.”

“Member concerns appoint the governing body of ana.”

“Key governance decisions are subject to approval by member concerns, which include amendments to the by-laws and certificate of incorporation.”

“Ana has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. The secretary/president/coo reviews the form 990 after the return is prepared. Once approved by management, a copy of the form 990 is distributed to the finance committee electronically for their review prior to filing with the irs.”

“Ana currently has in place a conflict of interest policy that applies to all directors, officers, and key employees. Individuals are required to disclose any actual or possible conflict of interest with the governing board who is responsible for making determinations of whether conflicts of interest exist and reviewing conflicts once determined. After disclosure, the individual in question must recuse themselves from voting on the matter. Such matters involving the existence of conflicts of interest are to be documented in the minutes of the governing board. On an annual basis, each individual is required to sign a statement which affirms that they received a copy of the conflict of interest policy.”

“The compensation of the organization's ceo and other officers was determined and approved by the board of directors using compensation data from similarly situated non-profit organizations. Contemporaneous documentation with respect to the deliberation and vote is retained in the minutes of the governing board. This process was last undertaken in 2023.”

“Ana's governing documents, conflict of interest policy and financial statements are available to the public upon request.”

“The organization has a finance and audit committee that assumes responsibility for oversight of the annual audit of its financial statements and selection of an independent accountant. The process has not changed from the prior year.”