Aicpa Benevolent Fund Inc

“The fund has members; members of fund are those persons who are members of the board of directors of the aicpa.”

“The members appoint voting members of the aicpa as trustees of the fund through the aicpa's committee appointment process. At least four voting members of the aicpa must be appointed as trustees, with one appointed trustee serving as a liaison between the fund and the aicpa board of directors. The chairman elect of the aicpa appoints the president of the fund and also appoints a secretary/treasurer to the fund; the secretary/treasurer is a staff person of either the aicpa or the association of international certified professional accountants and is deemed an officer of the fund.”

“All members of the fund are entitled to attend the meetings of the fund and to cast a vote upon any matters brought before the board. In addition, any changes or updates to the governing documents of the fund are subject to member approval.”

“The fund does not have an executive or other committee with authority to act on behalf of the governing body.”

“An independent cpa tax professional annually prepares the form 990 return and the board agrees that this is the appropriate fiduciary process. The aicpa audit and finance committee annually evaluates the firm hired to prepare the form 990 return and confirms the form is appropriately filed. Aicpa staff and management team members review the form 990 for accuracy prior to submission.”

“The fund continuously monitors and enforces compliance with the conflict of interest policy. The policy is evaluated and reviewed for accuracy by the board at the beginning of each new president's term. Any individuals with a conflict of interest are required to declare potential conflicts as a standing agenda item with the board and would be required to recuse themselves from the discussion and voting on the issue.”

“The treasurer receives compensation from association of international certified professional accountants ("the association"), which is an unrelated organization. The association has a committee that establishes the treasurer's compensation using methods including an independent compensation consultant, compensation surveys/studies, and comparison of compensation at comparable organizations.”

“The fund's governing documents, conflict of interest policy, and financial statements are available upon request.”

“Other: program service expenses 0. Management and general expenses 111,400. Fundraising expenses 0. Total expenses 111,400.”