American Council on Science and Health

“The form 990 is prepared by an outside accounting firm in conjunction with acsh management. Once the return has been prepared, it is provided to the audit & finance committee electronically for their review. After the form 990 is approved by the audit & finance committee, the return is provided to the full board of trustees who are given 5-7 days to ask questions or provide any comments. Subsequent to that date, the form 990 is then filed with the internal revenue service.”

“Acsh has a conflict of interest policy, which is monitored by the audit & finance committee of the board. A conflict of interest will be deemed to exist whenever an individual is in the position to approve or influence corporation policies or actions which involve or could ultimately harm or benefit financially: (a) the individual, (b) any member of his/her immediate family (spouse, parents, domestic partner, children, brothers or sisters, and spouses of these individuals), or (c) any organization in which he/she or an immediate family member is a director, trustee, officer, member, partner or more than 10% shareholder. Service on the board of another not-for-profit corporation does not constitute a conflict of interest. The audit & finance committee reviews the annual conflict of interest statements and presents a summary to the board for consideration and/or resolution. Trustees and officers have a duty to disclose potential or actual conflict of interests: (a) prior to voting on or otherwise discharging his/her duties with respect to any matter involving the conflict which comes before the board or any committee; (b) prior to entering into any contract or transaction involving the conflict; and (c) as soon as possible after the trustee or officer learns of the conflict. If a trustee or officer has a potential conflict of interest, the trustee or officer recuses themselves before the decision-making takes place.”

“The acsh's board of trustees and/or acsh's compensation committee (which presents recommendations to the board for final approval) determine compensation for acsh's president. Acsh's president determines compensation for all other acsh staff members with consultation, review and approval from either the acsh board or compensation committee - particularly for any increases not previously planned in the annual budget as a line-item or discretionary expenditure. For all compensation adjustments, independent salary data and trends are reviewed when setting salary levels. The discussion, decision-making, and final approval are documented in the minutes of the meeting at which they occur. Review of the president's and staff compensation package was last conducted during the acsh board of trustees meeting held november 16, 2022.”

“The council makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The form 990 and financial statements are available on the organization's website and the form 990 is also available on www.guidestar.org and other similar websites. The governing documents, conflict of interest policy and financial statements are all available for public inspection upon request.”

“Research: program service expenses 126,946. Management and general expenses 0. Fundraising expenses 0. Total expenses 126,946. Payroll service: program service expenses 4,866. Management and general expenses 964. Fundraising expenses 338. Total expenses 6,168.”

“The council has an audit & finance committee that is responsible for the oversight of the audit of its financial statements and the selection of independent accountant. This process has not changed from prior year.”