Association for Computing Machinery Inc.

“The association's bylaws creates various different classes of members as follows: (1) professional members - individuals employed in the computing field or in a computing related field such as a college professor teaching computer science or software engineer. Professional members have full voting rights to elect members to the association's governing body. Professional members may also hold office at the association. (2) institutional members - institutional members pay annual dues and receive association publications; these members may nominate one person will become a member. (3) student members - both undergraduate and graduate students seeking an education in a computing science field. Student members have no voting rights and may not hold office. (4) affiliate members - affiliate members pay annual dues to an acm unit (special interest group or chapter). Affiliate members do not have voting rights or the right to hold office.”

“Article 7 of the constitution elections the president, vice-president, secretary/treasurer and as many members-at-large as are required to fill vacancies for the members-at-large on the council as provided in article 6, section 1 and article 8, section 1 of the constitution, shall be elected as of june 30 in each even-numbered year by the members of the association. The constituency eligible to vote for other members of council shall be defined in the bylaws. Balloting shall be conducted and recorded as provided in the bylaws. No person may hold two council positions.”

“The members of the association must ratify any changes to the acm constitution with a two thirds majority vote of the ballots submitted and those ballots must comprise at least 10% of the eligible voting members.”

“The association's form 990 is prepared by a nationally recognized independent accounting firm in conjunction with the association's finance department. The form 990 is provided to acm's council of officers and council members for their review and comment in advance of its filing with the internal revenue service.”

“The association requires all officers and directors to sign a declaration annually to attest to the fact that they have read the conflict of interest policy, declare that they are not aware of any conflicts of interest and that they are required to report any conflicts of interest. In addition, staff and volunteer leaders involved with the day to day operations of publications, special interest groups, chapters and conferences monitor these activities constantly to ensure compliance with our primary purpose and includes reporting of any potential conflicts of interest. Any potential conflicts are dealt with through the activities governing authority and the individuals involved.”

“The compensation committee is comprised of the president, vice president, and past-president. They are all members of acm's governing body the acm council and are elected by acm's professional members. The hr administrator at acm provides the committee with data for salaries and compensation for ceo's of comparable organizations. This information is provided to the hr administrator by third party agencies and is derived from compensation surveys and information garnered from form 990 returns of other organizations. The committee, with the survey and comparable data in hand, makes a decision on compensation for the ceo based upon measurable goals established the previous year for the ceo and the ceo's accomplishments for that year. The compensation committee also provides the average merit increase percentage recommendation to council that will be used in the acm budget that becomes the basis for performance review evaluations for all other staff. The hr administrator provides compensation data for comparable organizations and organizations in acm's region from third party agencies to the committee to evaluate in order to make its decision on the recommendation.”

“The association's form 990 is made available on publicly accessible websites such as guidestar and propublica; acm also makes the form 990 available at its place of business (upon request). The association's constitution, bylaws, conflicts of interest policy and financial statements are available upon request and at management's discretion.”

“President, gabriele kotsis, is a non-voting member of the board of directors for most board matters; however, the president is authorized to cast the deciding vote in those rare instances where the board is deadlocked in its vote.”

“In early 2020, an outbreak of a novel strain of coronavirus ("covid-19") emerged globally. As a result, events have occurred, including mandates from federal, state and local authorities, leading to an overall decline in economic activity. Acm is closely monitoring its investment portfolio and its liquidity and is actively working to minimize the impact of these declines. The extent of the impact of covid-19 on acm's operational and financial performance will depend on certain developments, including the duration and spread of the outbreak and its impacts on acm's members, employees, and vendors, all of which at present, cannot be determined. As a result of the pandemic, several in-person conferences that were originally scheduled to take place during the year ended june 30, 2021 were cancelled or transitioned to virtual events. The impact of the pandemic continues to create uncertainty about the future economic outlook and poses a significant challenge to conference activities in 2022 due to event cancellations. In fiscal year 2020, the association received loan proceeds in the amount of $1,456,657 under the paycheck protection program ("ppp"). Established as part of the coronavirus aid, relief, and economic security act, the ppp provides for loans to qualifying businesses in amounts up to 2.5 times the business's average monthly payroll expenses. Ppp loans and accrued interest are forgivable after a "covered period" (eight or 24 weeks) as long as the borrower maintains its payroll levels and uses the loan proceeds for eligible purposes, including payroll, benefits, rent, and utilities. During the fiscal year ended june 30, 2021, the association was granted forgiveness and legally released from its ppp loan obligation. Accordingly, acm recognized $1,456,657 of loan forgiveness income in the year ended june 30, 2021.”

“The association is an international scientific and educational organization dedicated to advancing the art, science, engineering, and application of information technology, serving both professional and public interests by fostering the open interchange of information and by promoting the highest professional and ethical standards.”

“Gain on currency conversion 23,223.”