Foundation of the American College of Allergy Asthma & Immunology

“The organization, through its related controlling entity american college of allergy, asthma & immunology, inc. (acaai) employs executive administration, a management firm to provide management and administrative services. Richard slawny, executive director, is an employee of the management firm and is paid a salary of $199,846 along with other compensation of $51,454 for his services to acaai. Kevin bragaw, cfo, is also an employee of the management firm and receives a salary of $104,520 along with other compensation of $15,928 for his services to acaai. Acaai charges a portion of those salaries to the foundation via an intercompany management fee charge which, because the fee is recorded as an in-kind service, does not show up on part viii or part ix of the 990 but is reported on schedule d, part xi line 2b and part xii line 2a.”

“The treasurer reviews the form 990 with the cfo and auditors. The treasurer then reports to the executive committee.”

“All participants in acaai-related activities must comply with the acaai conflict of interest policy. In order to facilitate implementation of the conflict of interest policy, the board of regents or its designee(s) shall determine, based on the disclosure form and other relevant information, when an individual engaged in, or about to engage in, an acaai-related activity or other matter under consideration has an actual, potential, or apparent conflict of interest requiring some response by acaai. Specifically, subject to the procedures set forth herein, the board of regents or its designee(s) may require any action they deem appropriate, including, but not limited to, the following: (1) disclosure of the interest to the other participants in the decision- or policy-making body (e.g., committee, editorial board). (2) written and, in some cases, oral disclosure of the interest (e.g., to an audience receiving the results of clinical research or at scientific or educational sessions). (3) recusal from voting on a matter and limitation of the individual's participation only to the provision of factual information of benefit to the group discussion. (4) complete recusal from a portion of a meeting or from other consideration of the subject matter. (5) replacement of the individual in the affected position or activity. In most instances, disclosure of the conflicting or potentially conflicting interest will itself suffice to protect acaai's interests. In other words, once such a conflict is fully disclosed to the relevant parties, the board generally will be able to evaluate the possible influence of the disclosed interest. However, in other situations, disclosure alone is not deemed to be sufficient. In situations where disclosure does not adequately deal with actual or potential problems, additional action, including denial of participation in the affected activity or consideration of the matter, may be necessary. In all such situations, the board of regents or its designee(s) will weigh all of the facts and circumstances and determine what is in the best interests of acaai.”

“The organization makes these documents available to the public upon specific request.”