American Cancer Society Inc

“Management, in conjunction with an independent accounting firm, prepares and reviews the form 990. The draft form 990 is then provided to the board of directors' finance committee; and the chief financial & strategy officer conducts a detailed review of the form 990 with the committee members. An electronic (or hard) copy of the form 990 is provided to each member of the board of directors prior to the form being filed with the irs.”

“Acs maintains a written conflict of interest (coi) policy, which is reviewed by management and the board of directors' audit and risk committee at least annually and modified as required. The board of directors, officers, key employees, and all other employees of the organization are required to certify annually that they have read and understand the coi policy and submit a response to a written questionnaire each year disclosing any known conflicts. The chief legal and risk officer/assistant secretary of acs receives and reviews the directors' questionnaires. Employee responses to the questionnaires are reviewed by management. Management also monitors all transactions during the normal course of business to identify other potential conflicts. On a quarterly basis, and upon notice of a conflict disclosure, the board of directors' audit and risk committee reviews potential conflicts to determine whether any actual conflicts exist. Individuals who believe they are in a potential conflict are required to recuse themselves from the deliberation and decision-making process.”

“Acs uses an independent compensation committee ('the committee'), advised by an independent compensation consultant, to determine compensation for the chief executive officer ('ceo') and all disqualified persons (defined below), which includes other officers and all key employees. The committee discharges the duty of the board of directors (the 'board') in fulfilling the board's oversight responsibilities for determining the adequacy and reasonableness of the compensation and benefits paid to the ceo. This committee fulfills the same responsibilities regarding other employees or individuals associated with acs who the committee determines to be or to have been at any time during the preceding five years in a position to exercise substantial influence over the affairs of acs within the meaning of section 4958 of the internal revenue code and the regulations promulgated thereunder ('disqualified persons'). The committee operates under a charter, which provides that in the discharge of its duties the committee will: (a) conduct an annual review (including soliciting board of director input) of and comment on the ceo's performance against defined goals; (b) review annually the ceo's compensation and benefits in relation to the marketplace and relevant independent data; (c) revise, if necessary, the ceo's performance goals; (d) decide on any changes in the ceo's compensation and/or benefits (including retirement benefits or issues relating to retirement) or in his or her employment agreement; (e) establish the ceo's annual incentive plan goals, determine the measures of performance for each goal, and determine what incentive plan award, if any, is payable each year; (f) identify the filing organization's other disqualified persons and annually report on the identity of those persons to the board; (g) review, comment on, and approve or seek clarification on the recommendations of the ceo on the terms of employment and range of compensation, which includes salary range and benefits, of all disqualified persons (in addition to the ceo) after determining that such terms are reasonable; (h) review, comment on, approve or seek clarification on the severance and/or retention arrangements for any disqualified person; (i) approve participation in and payout potential for any disqualified executives incentive plan; (j) consider all benefits provided by acs to the ceo and other disqualified persons when determining the reasonableness of the compensation and benefits; (k) determine whether acs' compensation and benefit plans are appropriate relative to the marketplace for the skills employed, based additionally on relevant independent data, and if not, make appropriate recommendations so the terms are reasonable; (l) contemporaneously document conclusions and findings and report its activities and decisions to the board at least annually.”

“The filing organization's form 990 and 990-t (which can be found in the financial information section) are made available to the general public by posting to its website at www.cancer.org.”

“Acs takes its mission to save lives seriously and therefore works to ensure that the resources entrusted to it by the public are used to fulfill our mission and are otherwise protected. Acsganizational governance structure and system deploy the proper checks and balances, incorporate the input of appropriate experts on decision making, and assert discipline of strategic oversight over both the operations and the conduct of employees. The filing organization's governing documents, conflict of interest policy (which can be found in the governance practices section), and consolidated audited financial statements (which can be found in the financial information section) are made available to the general public by posting to its website at www.cancer.org.”

“This return is being filed to reflect the short-year period 1/1/2025-3/31/2025. This line represents the number of employees for the calendar year ending with or within the reporting period. Because no calendar year ended within this short period, the total number of individuals employed is reported as zero on Part V, Line 2a.”

“CHANGE IN VALUE OF SPLIT INTEREST AGREEMENTS - -10821299; NET CHANGE IN PENSION LIABILITY - -10934216; OTHER RECEIVABLE WRITE OFFS - -221990; Total - -21977505;”

“Revenue procedure 85-58 rules apply”

“This return is being filed to reflect the short-year period 1/1/2025-3/31/2025. As such, the revenue and expense amounts listed in the current year column of Part I, Lines 8-19 include 3 months of activity, whereas the prior year column includes 12 months of activity for the period 1/1/2024 - 12/31/2024.”