The Century Council Inc

“The corporation is a non-stock, not-for-profit corporation and shall not have authority to issue capital stock. The membership of the corporation shall include: (I) procedures, importers or marketers of distilled alcohol beverages that agree (A) to abide by the marketing and advertising code as adopted by the board of directors, and (B) to pay the dues established from time to time by the board of directors (subscriber members); and (II) other organizations and/or individuals that support the objectives of the corporation and are admitted to membership by the board of directors (associate members). Subscriber members shall have full voting rights, including the right for each to designate one member to the board of directors. Associate members shall have no voting rights. Associate members will, however, be eligible for representation on the board of directors, as a class or otherwise, as determined by the board. The net earnings of the corporation shall be devoted exclusively to the purposes described hereinbefore and shall not be distributable to members, directors, officers of the corporation or other private persons, except that the corporation shall be authorized and empowered to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of the purposes set forth above.”

“The Form 990 is reviewed by the president/CEO, chief financial officer, and Chair of the board of directors before it is filed. A copy of the Form 990 is then made available to each member of the board of directors.”

“For each interest disclosed to the chairman of the board of directors, the chairman will determine whether to: (A) take no action; (B) assure full disclosure to the board of directors and other individuals covered by this policy; (C) ask the person to recuse from participation in related discussions or decisions within FAAR; or (D) ask the person to resign from his or her position in FAAR or, if the person refuses to resign, become subject to possible removal in accordance with FAAR's removal procedures. FAAR's president/CEO and chief employed finance executive will monitor proposed or ongoing transactions for conflicts of interest and disclose them to the chairman of the board of directors in order to deal with potential or actual conflicts, whether discovered before or after the transaction has occurred.”

“The president/CEO compensation is dictated by the Shared Service Agreement that was approved by the Board. The president/CEO is authorized to evaluate the performance of other officers or key employees. Comparability data is provided to the president/CEO. The total compensation is approved by the board of directors through the annual budget approval process.”

“The governing documents, conflict of interest policy, and audited financial statements are not generally made available to the general public, but if requests for copies of these documents were to be received, the organization would consider making them available to the requestor.”

“Advisory: Program service expenses 19,903. Management and general expenses 203,318. Fundraising expenses 0. Total expenses 223,221. Consulting: Program service expenses 1,582,876. Management and general expenses 165,272. Fundraising expenses 0. Total expenses 1,748,148.”

“Net pension benefit changes 1,012,380.”

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