American Academy of Pediatrics

“The american academy of pediatrics (aap) and its member pediatricians dedicate their efforts and resources to the health, safety and well-being of infants, children, adolescents and young adults. The aap has approximately 66,000 members in the united states, canada, mexico, and many other countries. Members include pediatricians, pediatric medical subspecialists and pediatric surgical specialists. More than 45,000 members are board-certified and called fellows of the american academy of pediatrics (faap). The aap is governed by a board of directors consisting of thirteen members, ten who are elected by members in their regional districts and who also serve as district chairpersons and three members elected at large. The members vote each year for a national president-elect. The executive committee, which conducts aap business on a daily basis, consists of the president, president-elect, immediate past president, elected member of the board who serves as secretary / treasurer and ceo as ex-officio member.”

“Please refer to 990 part vi question 6 for explanation. Form 990, part vi, section b, line 10a: the aap has 66 chapters that are all individually incorporated organizations.”

“The 990 was distributed electronically to the finance committee, and then to the entire board for their review before the 990 was filed.”

“Board is required to disclose at all board meetings any conflicts of interest. If there are any disclosed, they are documented in the minutes of the meeting. Staff are required to document by signature annually at the time of their review any conflicts of interest they may have. These are reviewed and filed in human resources.”

“Ceo: the american academy of pediatrics regularly reviews the compensation of the ceo/executive director to ensure that it is reasonable. Each year, the academy participates in a survey of compensation paid to key employees at similarly-situated organizations, including individuals serving as ceos or executive directors, or in positions with equivalent functions and qualifications. The academy receives the anonymized results of that annual compensation survey. The executive committee of the academy, encompassing both the president, president-elect, and immediate past president, review the anonymized market data derived from this annual survey, along with any other current and relevant compensation market data, and, based on this information determine the base salary and bonus potential for the executive director for the upcoming year. Other key employees: utilizing data from the most recent annual survey of compensation paid to key employees at similarly-situated organizations, key employee positions at the academy are evaluated for both external competitiveness and internal equity based upon knowledge and skill, problem solving and decision making, scope of responsibility, accountability/impact, and relations and communications factors. The academy's human resources advisory committee and executive director review and make the final determination with respect to any proposed changes in compensation for these key employees.”

“Governing documents and financial statements are available through applicable governmental agencies; financial statements are also available on the aap website, aap.org, or by request; the conflict of interest policy is available upon written request to the organization.”

“The financial statements of the aap are audited on a separate basis. The audit committee is the advisory committee to the board on finance. The audit committee assumes responsibility for oversight of the audit and selection of an independent accounting firm to perform the audit.”