American Gastroenterological Association Institute Inc.

“The institutes' governing board has an executive committee, consisting of the board officers, the past president and the chair of the institute's foundation for digestive health and nutrition. The executive committee has the following duties and responsibilities: (1) during the intervals between the meetings of the governing board, to exercise such powers as may be delegated to it by the governing board; (2) make recommendations to the governing board as to matters of changes, extensions or revisions in the corporations policy; (3) to receive and study reports of such committees as the governing board may direct; (4) to act as an advisory body to the president; (5) to keep a record of its proceedings and report the same to the governing board at the next succeeding meeting for its approval or disapproval; and (6) to hold its meetings at such place or places as it may from time to time determine. In addition, the committee may be called upon to meet at any time by the president of the foundation. All actions of the executive committee shall be submitted to the governing board for ratification. In addition, the executive committee shall review and evaluate performance of existing members of all committees and task forces and develop systems, policies and procedures to assure that all membership thereon is appropriate to the relevant mission and that prospective appointments meet the needs of the organization. The executive committee shall oversee selection of all official awards, prizes, and grants; and specifically to select the annual recipient of the julius friedenwald medal, which will be presented to a member of the american gastroenterological association for distinguished achievement in gastroenterology. The executive committee shall also (1) assess the need for print and electronic publications and services in the areas of gastroenterology science, clinical practice and education, (2) recommend and initiate publishing projects and activities in response to those needs, (3) develop publication-related policies for approval by the governing board, and (4) ensure the quality and financial viability of all aga institute publications.”

“The sole member of the organization is american gastroenterological association, inc., a related entity exempt from federal income tax under irc section 501(c)(6).”

“The institute's governing board consists of twelve persons, eleven of which are elected by the member (the american gastrological association) and one of which is the chair of the institute's aga research foundation (not a separate entity).”

“The form 990 is prepared by a third party, from information supplied by the institute. Aga management reviews the final form 990 and addresses any questions prior to filing. The governing board does not review the form 990 prior to filing.”

“The governing board members are required to complete a conflict of interest policy form quarterly to disclose any conflicts that may arise.”

“The executive compensation committee meets annually to review and approve compensation of top management officials. An independent consultant is used to provide comparable survey data to help set compensation levels for the ceo and senior positions.”

“The organization makes its governing documents and conflict of interest policy available upon request.”

“Public relations: program service expenses 1,720,597. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,720,597. Medical education company services: program service expenses 1,416,098. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,416,098. University contracting: program service expenses 250,558. Management and general expenses 0. Fundraising expenses 0. Total expenses 250,558. Other consulting fees: program service expenses 68,670. Management and general expenses 63,448. Fundraising expenses 6,100. Total expenses 138,218. Payroll processing: program service expenses 0. Management and general expenses 41,864. Fundraising expenses 0. Total expenses 41,864. Other contracted services: program service expenses 904,234. Management and general expenses 6,690. Fundraising expenses 18,620. Total expenses 929,544.”

“Gain on interest rate swap 2,580.”

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