American Glaucoma Society Foundation

“Agsf has a management contract with san francisco association management services (sf-ams). Under the annual contract, all personnel decisions and financial operations are the responsibility of sf-ams.”

“The organization does not have "members" by definition of the bylaws. However, the form 990 instructions define a "member" as any person (including a corporation or other legal entity) who, pursuant to a provision in the organization's governing documents, has the right to participate in the organization's governance, including electing members of the governing body. Accordingly, agsf has one sole member: american glaucoma society, inc.”

“All of the directors of the american glaucoma society, inc. (ags), a california nonprofit corporation exempt from federal income tax under section 501(c)(3) of the internal revenue code, shall automatically be directors of this corporation, but only for so long as they remain directors of ags. The directors of ags may also appoint up to five additional directors to the board of agsf.”

“The form 990 is prepared by an outside tax professional. The form is then reviewed by the finance and accounting staff of the organization's management company, with questions referred to the outside tax professional. After a full review (with modifications where necessary), the final version of the form 990 is provided to all members of the organization's voting governing body prior to filing with the internal revenue service.”

“It is the policy of the board of directors of agsf that its directors disclose and, depending on the circumstances, avoid any and all possible conflicts of interest. A director has a conflict of interest when a person or a member of his or her family has a relationship with, or an interest in, an entity that does business with agsf or is a competitor of agsf. This policy is implemented and enforced so as to prevent the judgment of the board from being influenced by an economic relationship in which a director of his/her family is personally involved. Directors satisfy two obligations in regards to this conflict of interest policy: (1) ascertaining and disclosing their own family conflicts, and (2) determining whether another involved person should participate in deliberations and/or voting on an issue with respect to which he/she has a conflict. A director will disclose any conflict at board meetings and recuse themselves if such conflict exists. To accomplish and fulfill this policy, all directors annually submit a disclosure statement, and are responsible for updating the statement if changes occur during the year.”

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