The American Venous Forum Foundation

“AVFF is managed by Executive Director Inc., a for-profit Management Company as part of the contracted management relationship between Executive Director Inc. and the Organizations controlling organization, the American Venus Forum. Through this management relationship, Executive Director Inc. provides office facilities, management, record-keeping, accounting, storage, and other related services and overhead costs to the AVFF.”

“The organization has one sole member, the American Venous Forum, an IL non-profit corporation.”

“The organizations sole member, the American Venous Forum, elects the governing body of the organization.”

“The organizations sole member, the American Venous Forum, has certain governance decisions that it can directly make or have to approve for those decisions to be official for the organization. Two main examples of this is the sole member may remove at any time an officer/director of the organization with or without cause and also any bylaws changes can be done directly by the sole member, or must be approved by the sole member.”

“A copy of the 990 is made available to all members of the governing body before it's filed. The form is reviewed in detail by the Treasurer of the organization.”

“Annually, each Board member and key employee shall be asked to review the conflict of interest policy and acknowledge, in writing, that s/he has done so. Annually, each Board member and key employee shall complete a disclosure form identifying any relationships, positions or circumstances that could give rise to a conflict of interest. At the outset of every Board meeting, the Board president or presiding officer shall request that any Board member or key employee with a conflict of interest related to an agenda item make it known. Such disclosure shall be noted in the minutes. If or when a Board member holds a financial, professional, or personal relationship that represents an actual or apparent conflict of interest, the Executive Director or any Board member is entitled to request that such Board member recuse him- or herself from decision-making deliberations that could be affected by such relationship. Members who have a conflict of interest on a matter that comes to a vote shall abstain from voting; such abstention shall be noted in the minutes.”

“The Organization is managed by Executive Director Incorporated, a for-profit management company.The Organization has no official employees because all staff assigned to the Organization are employees of the management company. The Organization does not compensate Directors, other top officials, nor has anybody that fits the definition of a Key Employee. The management arrangement includes providing office facilities, management, record-keeping, accounting, storage, other significant services, and related overhead costs.The organizations controlling entity allocates a small percentage of its management fee to the organization. The controlling organization's management fee is compared to data from the Benchmarking Series Publication-Operating Ratio Report provided by ASAE & the Center Industry Research and is approved by the Organization's Board of Directors. This data outlines percentages of an Organization's budget spent on expense line items included in the controlling organization's management fee.”

“All of the organization's governing documents are either available on its website or upon request at the home office.”