Heritage Action for America

“Heritage action has one class of members, and its sole member is the heritage foundation (the "foundation"). As such, the foundation elects heritage action's board of directors. Heritage action's board of directors manages and controls the property, affairs, and business of heritage action.”

“Heritage action's board of directors does not have committees.”

“The president and executive vice president of heritage action work with the foundation's accounting department according to an established service agreement to compile necessary information for completing the form 990. Paid tax preparers then assist in completing the return, which is reviewed by the director of finance & controller and the vice president of finance & accounting of the foundation. The completed draft is then reviewed by the president and executive vice president of heritage action and general counsel for final revisions. A complete final draft of the form 990 is given to the board of directors for final comments before filing with the internal revenue service.”

“All new employees are required to follow all policies contained within heritage action's employee handbook, including heritage action's conflict of interest policy. Separately, heritage action has in place a formal conflict of interest policy that requires all members of the board to disclose, annually, any and all financial interests or holdings that may be a conflict of interest to his/her duties as a director of the board. Additional disclosures are required promptly when a previously unknown conflict arises or is discovered. In the case of a potential conflict, the policy sets forth a formal process for the board to examine the potential conflict and then approve, disapprove, or take further appropriate action. Further, the policy provides the board the authority to implement and enforce its oversight of these issues.”

“In developing heritage action's compensation recommendations, the board considers market data and other salary and benefit survey information, regarding the compensation of similarly situated executives. Management bonuses are contingent on achieving the organization's strategic objectives as well as on their own performance and achievement of established goals. Goals are reviewed mid-year and annually, and quarterly reports of organization activities are provided to the board in considering and approving executive compensation for 2024. The board also approved benefits provided under an employer-funded qualified retirement plan, group health, life and long-term disability, and long-term care insurance plans, and other benefits.”

“Heritage action makes its form 990 and financial statements available upon request in compliance for the period of disclosure as set forth in section 6104(d).”

“Costs for related organization shared services: program service expenses 249,114. Management and general expenses 10,152. Fundraising expenses 196,695. Total expenses 455,961. Consulting firms & independent contractors: program service expenses 3,100,390. Management and general expenses 53,458. Fundraising expenses 443,625. Total expenses 3,597,473.”

“The audit oversight process has remained unchanged from the previous year.”