Association of Genuine Alaska Pollock

“Members of the association have common interests in the u.s.- caught alaska pollock fishery. These members are voting members and are privileged to vote at the annual meeting and elect the board of directors.”

“Voting members elect the board of directors at the annual meeting.”

“The members, voting at the annual meeting, decide whether or not to raise assessments for members and approve or disapprove other similar issues regarding the organizational operation.”

“Committees advise the board yet carry no authority to act on the board's behalf.”

“A copy of the 990 is presented to the board of directors for their review and approval before being signed by the ceo.”

“In order to ensure gapp operates in a manner consistent with its tax-exempt purpose and does not engage in activities that could jeopardize its tax-exempt purpose, periodic reviews are conducted that include determining whether compensation arrangements and benefits are reasonable based on competent survey information and the result of arm's length bargaining; and whether partnerships, joint ventures and arrangements with management organizations conform to gapp's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction.”

“The association hired the global search firm korn ferry to conduct a search for the organization's first full time employee. As a part of that contract, korn ferry ensured salary expectations were commensurate with the association's budget, location, and experience required. In consultation with korn ferry, the association appointed a search committee comprised of three board members who interviewed a number of applicants who were narrowed down for final interview by the full board. In line with korn ferry's reccomendations, the ceo's salary was negotiated and approved by the board. The ceo started with gapp on jaunary 14, 2019 and as a part of the employment contract a fixed salary for 3 years that has subsequent been adjusted based on inflationary adjustments utilizing bol data. All of the other officers and directors are volunteers.”

“Gapp makes its governing documents, conflict of interest policy and financial statements available to all who request them in some written form. Documents are copied and mailed to such requesting persons.”

“Volunteers are calculated by adding together the number of board members as well as committee members. The hours served total would be 4 hours per month plus 24 hours of board meetings per year for the chair, 2 hours per month plus 24 hours per year for board meetings for the treasurer, 24 hours of board meetings for the other 9 directors, and 12 hours per year for the 23 committee members. This totals 612 hours served for all volunteers.”

“SEE PART III, LINE 4D.”