United States Sailing Association Inc

“During the tax year the organization amended its bylaws to change the following: - the addition of compensation committee chair shall be a non-voting ex-officio member of the committee. - amend the election procedure for us sailing's secretary and treasurer from a vote of the general membership to a vote of the board of directors. - remove references to the former position of executive director of us olympic sailing. This position was reconstituted as a high performance director. - added the following board eligibility standard: an individual is ineligible for membership on the board of directors if: - such individual is under investigation by an ngb or the usopc for ethics, athlete safety, or other disciplinary violations, the u.s. Center for safesport for safesport code violations, or the u.s. Anti-doping agency for world anti-doping code violations, or - in the previous 8 years, such individual has a record of any ngb and/or usopc ethics, athlete safety, or other disciplinary findings or has served any u.s. Center for safesport or us anti-doping agency periods of ineligibility. - an individual who has such a record from more than 8 years prior to any proposed board of director service may be eligible for membership on the board of directors pending a review by the ethics committee. - approved updates to the ussa bylaws that implement the short term recommended changes proposed pursuant to the us sailing volunteer committee review task force findings (the "task force findings"). - part delete the cruise committee (defunct) - delete the budget committee (duties performed by staff) - delete the marketing/ communications committee (duties performed by staff) - delete the commercial committee (defunct) - delete the management division: move the lone remaining committee in that division, the government relations committee, to the oversight division. - rename the inshore / smaller boat sailing disciplines division to "nearshore competition division" - rename the sailing venues division to the "division of sailing associations" -to combine the us youth championships committee, us junior championships committee, and the us junior women's championships committee into one committee called the us youth/junior championships committee.”

“A draft form 990 is provided by us sailings external auditors for review by the cfo, and any needed adjustments are made. The final draft form 990 is presented to the finance committee and ceo for review and approval prior to sending to the irs.”

“Each year the organizations conflict of interest policy is provided to all officers, directors and employees. These people are asked to review the policy and sign a statement indicating that they understand the policy and have reported all potential conflicts during the coming year. All potential conflicts are evaluated by the board to determine if a conflict actually exists. In those instances where the potential transaction is a conflict, the board examines the transaction and a vote is taken (with those involved recusing themselves) as to whether the organization will enter into the transaction.”

“The compensation committee reviews the compensation of the chief executives for sport (aces) salary survey and other appropriate salary surveys before making a recommendation to the board.”

“Us sailing makes its by-laws regulations and board minutes available on its website along with audited financials statements and form 990 for the current and two prior years. These documents are found in the "about us" section.”

“Consultants: program service expenses 1,936,470. Management and general expenses 0. Fundraising expenses 20,826. Total expenses 1,957,296.”

“The organization did not change either its oversight process or selection process during the tax year.”