Federation of American Scientists

“The Form 990 was prepared by the outside auditors and reviewed by the President. A copy of the form 990 was sent to all current directors of the Board with a request for any comments or suggestions before it was filed. After comments were received and processed, a final copy was sent to the entire board and filed with the IRS.”

“Each board member, principal officer and key employee annually signs a statement which affirms such person has received a copy of the conflict of interest policy, has read and understands the policy, has agreed to comply with the policy, and understands FAS is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. If a conflict occurs, the organization addresses the conflict using the following procedures: An interested person may make a presentation at the governing board or Committee meeting, but after the presentation, he/she leaves the meeting during the discussion of, and the vote on, the transaction or arrangement Involving the possible conflict of interest. The chairperson of the governing board or committee, if appropriate, appoints a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. An interested person may also submit the conflict in writing instead of making a presentation. After exercising due diligence, the governing board or committee determines whether FAS can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee determines by a majority vote of the disinterested board members whether the transaction or arrangement is in FAS' best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it makes its decision as to whether to enter into the transaction or arrangement. If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it informs the member of the basis for such belief and affords the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it takes appropriate disciplinary and corrective action.”

“The audit and finance committee will review the current salary of the President and determine compensation for the following year using data that provides comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. All records and information of the process are documented in the audit committee file. The last compensation review took place in June 2020. The audit and finance committee will review the current salary of key employees and determine compensation for the following year using data that provides comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. All records and information of the process are documented in the audit committee file.”

“The Organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“Research services: Program service expenses 1,831,498. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,831,498.”

“The board of directors approve the selection of the auditors on an annual basis.”