Public Relations Society of America Foundation Inc.

“On behalf of the foundation, public relations society of america, inc., a tax-exempt organization, collects revenues from its members that have been designated for the foundation and performs other duties and functions for the foundation. In 2018, the foundation was charged management fees by the society totaling $25,000 for such services.”

“The form 990 is reviewed in detail by the finance committee with a recommendation to the board to approve filing the form 990. A copy of the form 990 is also provided to each member of the board electronically, and a full discussion is conducted as appropriate.”

“Prsa foundation board members, and officers and key employees are required to disclose actual and potential conflicts of interest on an annual basis. The board of directors will determine whether or not a conflict of interest exists, and whether or not such conflict materially and adversely affects the interests of the prsa foundation. A covered official whose potential conflict is under review may not debate, vote or otherwise participate in such determination once the potential conflict is disclosed. If the board of directors determine an actual or potential conflict of interest does exist, the board will determine an appropriate remedy. Discussions concerning conflicts of interest are documented in the minutes of the board of directors.”

“In response to a written or in-person request, a copy of the requested tax form(s), governing documents, conflict of interest policy and financial statements is provided to the requester. If the request for copies is made in person, a copy of the requested document(s) will generally be provided on the day of the request; if the request is written, then the prsa foundation forwards a copy of the requested tax form(s) or governing document(s) within thirty days. A copy of form 990 and audited financial statements is posted on the prsa foundation's website after it is reviewed and approved by the board of directors. The form 990 is also available on guidestar.org and other similar types of websites.”

“During 2018, the prsa foundation launched a book titled "diverse voices: profiles in leadership", a first-of-its-kind diversity initiative designed to empower minorities in all stages of their careers, while also educating employers on ways to support their growth.”

“Publishing fees: program service expenses 110,115. Management and general expenses 0. Fundraising expenses 0. Total expenses 110,115. Consulting fees: program service expenses 0. Management and general expenses 16,412. Fundraising expenses 0. Total expenses 16,412. Photography: program service expenses 0. Management and general expenses 0. Fundraising expenses 701. Total expenses 701.”

“The organization has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. The process has not changed from the prior year.”