Aaaa Foundation Inc

“Delegation of control over management duties 4a's is the sole member of the foundation. 4a's has assumed responsibility for the administration and management of the foundation.”

“Pursuant to the foundation's bylaws, 4a's is the foundation's sole member.”

“Pursuant to the foundation's bylaws, the sole member, 4a's, is reserved the authority to appoint and/or remove the foundation's board members as well as to determine the total number of voting board members.”

“Form 990 review process the form 990 is prepared by an independent accounting firm, grant thornton, in conjunction with the organization's financial department. Once completed, a draft of the 2024 form 990 is sent to the members of the board of directors prior to its filing with the internal revenue service.”

“Conflict of interest policy monitoring and enforcement all board members, officers and employees are required annually to disclose any conflicts of interest that may arise by virtue of their employment or board service with the organization. Each individual is required to sign the code of conduct policy annually (which attests to their independence). Within the code of conduct policy there is a requirement to divulge any conflict. The signed documents are retained by human resources and the board secretary. Potential conflicts of interest are investigated immediately. Form 990, part vi, section b, line 13: whistleblower policy 4a's is the sole member of the foundation. The foundation relies on the written policies and procedures of 4a's, the foundation's parent and supported organization. Form 990, part vi, section b, line 14: document retention policy the foundation relies on the written policies and procedures of 4a's, the foundation's parent and supported organization.”

“How documents are made available to the public the foundation's constitution, conflict of interest policy, exemption application, bylaws, and financial statements are available upon request and at management's discretion.”

“Since its establishment in 1997, the aaaa foundation ("4a's foundation or "the foundation") has been dedicated to building a stronger future for the marketing industry by investing in its talent. Our mission is to provide comprehensive educational pathways and upskilling opportunities that empower individuals to enter and succeed in the field. By connecting a community of talent with resources for professional advancement, we support career development from the high school level through executive leadership. This commitment is brought to life through our core programs: education (high schools), multicultural advertising intern program (maip) fellowship and alumni, scholarships, and vanguard. The foundation has provided over $4 million dollars in awards, grants and scholarships to deserving students studying advertising, marketing, media, creative arts and public relations. The maip alumni association of over 4,400+ professionals is the largest diverse community in the industry. Our high school initiatives have prepared more than 1,000 diverse high school students for careers in marketing. Form 990, part iii, line 4a & 4b: program accomplishments the foundation was created to galvanize the industry around improving the level of diversity within advertising and media agencies. For almost 20 years, the foundation has been providing financial support to multicultural individuals studying advertising, media, and/or the creative arts, as well as resources to programs and initiatives in nyc that cover the following categories for our industry: education, employment, outreach, engagement, and retention. Simultaneously, it engages colleges, universities and recognized portfolio schools, which help identify high potential students willing and able to make a difference in our community. We measure our impact in how we positively affect the lives and livelihoods of those in our community, whether program participants, agency partners and teams, or the industry at large. High school education: - 800+ students supported through career exposure and industry immersion - 40+ teachers received professional development support from agency and industry leaders scholarships & awards: - over $60k awarded to deserving college students college internships & career readiness: - we hosted 150+ fellows from 55 colleges and universities - we connected with over 750 academic leaders nationwide - $1.2 million total economic impact generated by maip fellowship summer salaries form 990, part v, line 2b: employees and w-2 reporting the foundation does not have its own employees, and therefore does not file a form w-3. It shares employees with its parent organization, american association of advertising agencies, inc. ("4a's") via a common paymaster arrangement. All w-2s and required employment tax returns are filed by 4a's accordingly.”