Academy of Managed Care Pharmacy

“Amcp, the supported organization has the power to regularly appoint or remove members of the board.”

“Amcp, the supported organization has the power to make governance decisions.”

“Committees cannot make decisions for the board of trustees.”

“The organization will review the 990 form internally first by the vp of finance/admin, amcp foundation executive director and amcp ceo. The form will then be submitted to the members of its governing body for review before submittal of the 990 form to the irs.”

“The conflict of interest policy is provided in the trustee handbook as well as the foundation policy & procedure manual. Each year, trustees and key employees are asked to complete a statement of disclosure to disclose any and all facts that may be construed as a potential source of disqualifying bias or a conflict of interest. The review of these statements is delegated to the executive director in consultation with legal counsel. If a determination of a disqualifying bias or a conflict of interest is found, necessary action is taken pursuant to the conflict of interest policy. Legal counsel is also present during all board meetings to advise on possible conflicts of interest. Prior to the start of all board of trustees meetings, the foundation's conflict of interest policy is reviewed; should conversation move into areas of possible conflict of interest/anti-trust, the group is redirected by the legal counsel.”

“Financial statements, conflict of interest policy and governing documents are available upon request for the same period of disclosure as set forth in section 6104(d).”

“Academy of managed care pharmacy foundation does not compensate anyone shown in part vii of the form 990 or schedule j, part ii. The compensation shown in these sections is paid by academy of managed care pharmacy, the organization's related organization. Academy of managed care pharmacy foundation relies on the compensation determination methodology of academy of managed care pharmacy. The following is the compensation methodology used by academy of managed care pharmacy: annually, the executive committee of the academy is responsible for evaluating the performance of the ceo and review process to determine the merit for setting or increasing the compensation for the academy's ceo. The ceo sets the compensation of the top management and key employees of the organization, and decisions are documented as well.”

“Other professional services: program service expenses 58,000. Management and general expenses 29,254. Fundraising expenses 17,543. Total expenses 104,797.”

“The process for overseeing the audit of the financial statements and selection of an independent accountant that audited the financial statements has been consistent with prior years.”