American Floral Endowment

“The form 990 is reviewed by the accountant and the executive director. Any required changes are discussed with the tax auditors and the revised copy is sent back to the accountant and the executive for a second review. A copy of the form 990 is provided to the trustees prior to filing.”

“The conflict-of-interest policy applies to trustees, officers, and staff members. All covered individuals are required to disclose potential conflicts annually by completing a disclosure form. These questionnaires are reviewed and monitored by the executive committee of the organization or the board of trustees. For individuals with potential conflicts, a decision is made whether to waive the potential conflict if it is deemed not to have a material impact, recuse the individual from all deliberations and decision making related to the particular transaction or whether the individual should resign from service to afe.”

“The chairman and past chairman have the primary responsibility to perform the annual review of the executive director. The executive director will submit to the chairman and past chairman her annual self-evaluation, no later than may 15th of each year. The chairman and past chairman will review this document and the chairman will conduct a review with the executive director to answer any questions and discuss performance. Following this discussion/meeting, the chairman will share the self-evaluation and discussion with the past chairman, and they will jointly make a recommendation to the executive committee. They will also have access to salary, benefits, survey information conducted annually by the american society of association executives (asae), in order to ensure compensation and benefits are fair and within the association profession. This full process of the annual review of the executive director should be completed prior to the end of afe's fiscal year (june 30).”

“The endowment makes the governing documents, conflict of interest policy and financial statements available upon written request.”

“The american floral endowment (afe) is the trusted source and catalyst for floriculture advancement through funding innovative research, scholarship, internships, and educational grants that best serve the dynamic needs and demographics of all industry sectors.”