Society of Wine Educators Inc

“The organization's membership is comprised of individuals and entities interested in the field of wine education.”

“The organization's membership votes yearly on a list of nominees. Individuals with the highest numbers of votes are elected to the board of directors for 2 year terms.”

“The organization's form 990 was prepared by the outside accountants with assistance from the organization's executive management. A draft of the form was reviewed by the organization's accountant. The final form 990 was distributed to the board of directors before filing.”

“No later than the first day of january of each year, each director and officer acknowledges his or her familiarity with this policy and discloses in writing to the president of the board any existing financial, coinvestment or other material interests subject to this policy by completing a conflict of interest disclosure statement. Each director and each officer of the corporation promptly discloses any direct or indirect financial or other material interest which he or she has or reasonably expects to have in any proposed or existing arrangement with the corporation prior to the start of any negotiations with respect to such matter. A direct or indirect financial interest required to be disclosed under this policy is disclosed in writing to the president of the board of directors. Such disclosure includes all material facts and supplies any reasons why the arrangement might or might not be in the best interest of the corporation. The president refers the issue to the full board or other board committee having decision-making authority over the substantive matter in question (the "board or committee"). The director or officer who discloses a direct or indirect financial or other material interest in a proposed or existing arrangement may make a presentation and respond to questions by the board or committee, but after such presentation, he or she leaves the meeting during the discussion of, and vote on, the arrangement that results in the conflict of interest. As part of any presentation, the director or officer provides to the board or committee any reasons why the arrangement might or might not be in the best interest of the corporation. The board or committee determines whether the corporation can obtain a more advantageous arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest. The board or committee, if appropriate, appoints a disinterested person or committee to investigate alternatives to the proposed arrangement. If a more advantageous contract, transaction or arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the board or committee determines by majority vote of the disinterested members of the board or committee whether the arrangement is in the corporation's best interest and whether it is fair and reasonable to the corporation and makes its decision as to whether to enter into the arrangement in conformity with such determination. If the board or committee has reasonable cause to believe that a director or officer has failed to disclose a direct or indirect financial or other material interest or a coinvestment interest subject to this policy, it informs the director or officer of the basis for such belief and affords the director or officer an opportunity to explain the alleged failure to disclose. If, after hearing the response of such individual and making such further investigation as may be warranted in the circumstances, the board or committee determines that the director or officer has in fact failed to disclose a direct or indirect financial or other material interest or coinvestment interest subject to this policy, it takes appropriate corrective action.”

“The general manager's compensation is determined by the board of directors. The general manager determines the compensation of the organization's other employees.”

“The organization does not currently make its governing documents, conflict of interest policy and financial statements available to the public.”