Global Aging Institute

“Gai directors richard jackson and tom terry have a business relationship through their respective llcs, global aging associates, llc and the terry group, llc. The types of projects on which global aging associates and the terry group may collaborate are consulting projects that involve proprietary work, and do not fall within the educational mission of the global aging institute or constitute projects that the global aging institute, as a nonprofit, would normally be expected to undertake.”

“There are no committees authorized to act on behalf of the governing body.”

“A draft of the 990 is provided to the president for review before finalizing. This draft is also provided for review to the corporation's directors and counsel.”

“In accordance with the corporation's conflict of interest policy, all officers and directors are required to disclose to the board of directors the material facts of a proposed contract or transaction that may involve a conflict of interest. Any such contract or transaction must be reviewed by the disinterested directors, and may only be authorized, approved or ratified if a majority of the disinterested directors determine in good faith to their satisfaction that the contract or transaction would be in the best interest of the corporation and would otherwise have been authorized or entered into in the ordinary course of the corporation's business.”

“The following process applied to the global aging institute's president, who is also a director. In accordance with the corporation's conflict of interest policy, in the event that the corporation considers compensating an officer or director as an employee, or engaging an entity affiliated with an officer or director to provide the corporation services, the board of directors creates a compensation committee made up of disinterested directors to review the proposed services to be provided by such director or officer, or his or her affiliated entity. If the compensation committee is satisfied with the proposed services, and that retaining or engaging the officer or director (or affiliated entity) does not violate the corporation's conflict of interest policy, the committee shall recommend that the board enter into an engagement, setting the compensation at a level that meets generally accepted standards and that such compensation falls at or below the compensation earned by similarly situated persons or entities with the same or substantially similar responsibilities in the washington, d.c. Region. As part of the annual budgeting process, individual compensation data is also reviewed and approved by the board of directors before inclusion in the final budget. No other directors received compensation from the corporation in 2015, and, other than the president, there were no key employees in 2015.”

“Copies provided electronically or via mail upon request”

“Taxes and licenses: program service expenses 0. Management and general expenses 1,402. Fundraising expenses 0. Total expenses 1,402. Payroll fees: program service expenses 0. Management and general expenses 1,072. Fundraising expenses 0. Total expenses 1,072. Meals: program service expenses 172. Management and general expenses 812. Fundraising expenses 0. Total expenses 984. Miscellaneous: program service expenses 320. Management and general expenses 517. Fundraising expenses 0. Total expenses 837. Bank charges: program service expenses 0. Management and general expenses 754. Fundraising expenses 0. Total expenses 754. Subscriptions: program service expenses 0. Management and general expenses 659. Fundraising expenses 0. Total expenses 659. Postage & delivery: program service expenses 0. Management and general expenses 163. Fundraising expenses 0. Total expenses 163.”