American Snowsports Education Association Central

“The Organization has association members, from whom the board is elected.The members have rights as granted by the bylaws.”

“The Board of Directors is elected by the membership, each board member serves a term of 3 years.”

“The Board of Directors sets the price of dues, and determines the organizations Ends and Limits under Policy Governance.”

“Form 990, Part VI, Section B, Line 11b - The organization's treasurer reviews financial reports and filings and reports on them to the board of directors.”

“The Board and Membership are informed of the Conflict of Interest Policy, the Executive Director monitors and enforces the policy. Board Members may not solicit the organization to provide goods and or services to the organization, and are required to disclose any connection to any outside provider of goods and services when making recommendations. Under Policy Governance, no purchase decisions are delegated to the board, as these fall under operational guidelines. Board Member Rules and Codes of Conduct are put forth in the Board Handbook.”

“The wages of the organizations chief executive are determined by a compensation committee using industry and association data and comparables. The organization consults with The American Society of Association Executives, The National Ski Areas Association, and the sister organizations of ASEA when determining compensation.”

“All governing documents, minutes, and returns are available via the organizations website.”

“The net unrealized loss of -$10,291 on investments reflects an adjustment to reconcile investment account market values with amounts reported in prior periods.”