Acec Research Institute

“The institute has an executive committee comprised of the chair, the vice chair, the treasurer, the acec president, the secretary, the past chair, and one other director elected by the board,that can exercise the full powers of the board.”

“The draft form 990 is provided to the board for review and comments prior to finalization and filing with the irs.”

“Acec research institute conflict of interest policy article i purpose - the purpose of this conflict-of-interest policy is to protect the interest of the acec research institute (the "corporation") when it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer, director or member of the corporation or might result in a possible excess benefit transaction. This policy is intended to supplement but not replace any applicable state and federal laws governing conflicts of interest applicable to nonprofit and charitable organizations. Article ii definitions 1. Interested person - any director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest, as defined below, is an interested person. 2. Financial interest a person has a financial interest if the person has, directly or indirectly, through business, investment, or family: a. An ownership or investment interest in any entity with which the corporation has a transaction or arrangement, b. A compensation arrangement with the corporation or with any entity or individual with which the corporation has a transaction or arrangement; or c. A potential ownership or investment interest in, or compensation arrangement with, any entity or individual with which the corporation is negotiating a transaction or arrangement. Compensation includes direct and indirect remuneration as well as gifts or favors that are not insubstantial. A financial interest is not necessarily a conflict of interest. Under article iii, section 2, a person who has a financial interest may have a conflict of interest only if the appropriate governing board or committee decides that a conflict of interest exists. Article iii procedures 1. Duty to disclose in connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. 2. Determining whether a conflict of interest exists after disclosure of the financial interest and all material facts, and after any discussion with the interested person, he or she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. 3. Procedures for addressing the conflict-of-interest a. An interested person may make a presentation at the governing board or committee meeting, but after the presentation, he or she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. B. The chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. C. After exercising due diligence, the governing board or committee shall determine whether the corporation can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. D. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the corporation's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination, it shall make its decision as to whether to enter into the transaction or arrangement. 4. Violations of the conflict-of-interest policy a. If the governing board or committee has reasonable cause to believe a member has failed t”

“The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“Research consultants: program service expenses 305,267. Management and general expenses 0. Fundraising expenses 0. Total expenses 305,267. Rcep website consultants: program service expenses 26,466. Management and general expenses 0. Fundraising expenses 0. Total expenses 26,466. Marketing : program service expenses 0. Management and general expenses 5,942. Fundraising expenses 0. Total expenses 5,942. Scholarship applicant platform: program service expenses 5,649. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,649.”