Society of Consumer Affairs

“The organization has six classes of membership: international allied members, corporate members, regular members, associate members, student members, and alumni members. Voting members include regular, associate, and corporate members through their designated membership representatives.”

“The nominating committee is chaired by the immediate past chairman of the board and consists of the chairman-elect of the board and not less than five additional members of the committee. The committee will present to the voting membership a list of nominations of one candidate for each office and directorship to be filled. Additional nominations can be made in writing by any members before the election. From the complete list of nominees, the voting membership shall elect the board of directors at each annual meeting.”

“Certain governance decisions must be approved by the voting membership. The bylaws may only be amended by an affirmative vote of two thirds of the voting members present at the annual meeting.”

“The draft 990 is first prepared by an independent accountant and is then distributed to the members of the executive committee for review. Finally, it is made available to the members of the board/governing body before filing.”

“The conflict of interest policy is reviewed by the board annually. Socap has instituted a mandatory disclosure policy under which each member of the board of directors and officers will be required on an annual basis to sign and submit a mandatory disclosure statement to the president and chairman of socap.”

“The ceo's compensation is reviewed and approved by the compensation committee in accordance with socap's compensation philosophy and approved by the executive committee. Comparable salary data is used as part of the review and approval process provided by an independent third party compensation consultant. Compensation for all employees including key employees is determined under the guidance of the board approved compensation philosophy.”

“Socap makes its bylaws available to the public on its website. Other governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Professional services 272,564.”

“The organization changed accounting methods from accrual to cash during the year ended 12/31/2021. The organization changed accounting methods from accrual to cash during the year ended 12/31/2021. The "other changes in net assets or fund balances" is the reconciliation in net assets between the method change.”