Federation of State Massage Therapy

“The executive committee, comprised of the president, vice president, treasurer and executive director, may act on behalf of the board of directors.”

“The federation is a membership organization. Membership is comprised of state regulatory boards and agencies governing massage therapy in the united states and territories.”

“Each member is entitled to one vote during an election to appoint members to the governing board.”

“Any changes to the bylaws must be voted on and approved by a membership majority, not the governing body.”

“The executive director and treasurer review form 990 prior to the filing with the irs. The form is made available to the board of directors for review.”

“The board of directors annually signs a written acknowledgement regarding conflicts of interest and begins each meeting with a call to reveal any conflicts of interest that may have arisen since the previous meeting.”

“There is a written employment contract in place to address annual base salary increases for the executive director. The board of directors completes an annual performance review of the executive director and solicits employee feedback for any discretionary bonus decisions. The board also consults with general association management community data for similar size non-profit organizations, like the american society of association executives (asae) and the federation of associations of regulatory boards, to establish and approve an acceptable salary range. Compensation cannot exceed the annual budgeted allocation.”

“Some documents are published on our website and distributed at annual meetings. All policies and financial statements are available upon request made to the executive director.”

“Exam services: program service expenses 1,156,429. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,156,429. Consulting: program service expenses 77,271. Management and general expenses 0. Fundraising expenses 0. Total expenses 77,271. Other professional fees: program service expenses 1,351. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,351.”

“The accompanying financial statements have been prepared on the modified cash basis of accounting, which is a basis of accounting other than accounting principles generally accepted in the united states of america ("gaap"). That basis differs from gaap primarily because fsmtb has not recognized accounts receivable, prepaid expenses, inventory, net cash surrender value of officer life insurance, accounts payable, deferred revenue, and other accrued liabilities such as that for salaries and wages, employer portion of payroll taxes, vacation, and deferred compensation liabilities.”

“The finance committee is responsible for reviewing the annual budget, the federation's investments, and the financial statement audit. The committee recommends the budget to the board of directors and advises the board of fiscal policy to assure prudence and integrity of fiscal management and responsiveness to member board needs. The treasurer and executive director, on behalf of the board, review and sign the auditor contract. This process has not changed from the prior year.”