American Press Institute Inc

“The preparation of the irs form 990 is completed in conjunction with an independent public accounting firm. The draft is reviewed by senior management prior to filing with the irs.”

“The conflict of interest statement is sent to employees and board members each year. The director for administration and facilities monitors and receives the signed conflict of interest statement and reports any exceptions reported to the president and vp. If a board member becomes aware of a conflict of interest he/she would recuse themselves from voting and deliberations on the matter. If an employee is unsure or becomes personally involved in any situation that may violate the requirement and spirit of the conflict of interest policy, he or she contacts api's president and executive director. Similarly, if one becomes aware of situations among his or her fellow employees that appear to violate his orher understanding of the policy, he or she reports those situations to api's president and executive director, the appropriate officer, with the vp for programming and personnel and the director of administation, commissions and investigation. If the employee is found to be guilty of a conflict of interest, disciplinary action is meted out. Disciplinary action may include termination and reimbursement to api for any losses or damages resulting from the violation.”

“The base salary of the president is set by the independent executive committee (and ratified by the board) in accordance with prevailing compensation scales for similar educational organizations and experience. Base salary benchmarks done by independent organizations such as "ceo update" are used. Contemporaneous documentation is maintained related to the deliberations which is reviewed and approved. The compensation for api employees is determined by the president and is formally evaluated annually. Salary levels are based on prevailing compensation skills by size of organization and experience. Objectives are set up each year, and performances are evaluated against those objectives. Salary increase and bonus are determined based on results of performance evaluations. The last compensation review took place in december 2023.”

“The organization makes its governing documents, financial statements and conflict of interest policy available to the public upon request.”

“Consultants: program service expenses 884,513. Management and general expenses 38,093. Fundraising expenses 0. Total expenses 922,606. Honorarium: program service expenses 8,149. Management and general expenses 351. Fundraising expenses 0. Total expenses 8,500. Outside services: program service expenses 134,433. Management and general expenses 5,790. Fundraising expenses 0. Total expenses 140,223. Recruitment: program service expenses 1,170. Management and general expenses 50. Fundraising expenses 0. Total expenses 1,220.”