American Foundation for the Blind Inc

“A draft of the form 990 is provided to the audit committee and any other trustees who wish to review it prior to filing with the internal revenue service. All suggested corrections and revisions are made to the form 990, and a final version is made available to the aforementioned group.”

“In connection with any actual or possible conflicts of interest, an officer, trustee, or employee must disclose the existence of his or her financial interests in the organization, including business and family relationships in the organization. Each officer, trustee of employee is required to complete a conflict-of interest disclosure questionnaire on an annual basis. Any possible disclosed financial interest, or business and family relationships, is reviewed by the designated officer to determine if a conflict of interest exists. Any potential or apparent conflicts of interest shall be disclosed as soon as they become evident and that the interested person refrain from any action that might constitute a violation of the policy statement. (note that a financial interest or business and family relationship does not necessarily constitute a conflict of interest.) the person disclosing the financial interest or existing business and family relationships shall not participate in any review, discussion, or final action on a proposal that may benefit themselves, or an organization in which they are otherwise interested. Any said member shall recuse themselves from the meeting, and from any vote or determination.”

“The compensation board of trustees committee reviews the compensation of the president and ceo. Following the close of the year, the compensation committee reviews the results to determine the overall level of performance. A third-party compensation consultant is engaged to review market compensation for the ceo and key management employees. The compensation committee proposes changes in compensation for the ceo based on performance outcomes to the board chair for approval by the executive committee. Any increases in compensation for key management staff are proposed by the ceo. The process was last conducted in early 2023.”

“Afb does make its governing documents, conflict of interest policy, and financial statements available to the public.”

“Afb prepares consolidated financial statements. The audit committee assumes the responsibility for oversight of the audit of afb's consolidated financial statements and selection of an independent auditor. The process has not changed from the prior year.”