Aspa Endowment

“The endowment utilizes the employees of the american society of public administration (aspa), a related organization exempt under section code 501(c)(3), to be responsible for the day-to day operations. Per the cost sharing agreement, the endowment will reimburse aspa for the reasonable cost of using aspa staff and other services supplied by aspa.”

“For the year ended december 31, 2016, the endowment updated its bylaws to include an increase in the total number of board of directors from 7 to 9.”

“The directors comprising the board are appointed by the president of the american society for public administration (aspa) in his or her sole and absolute discretion.”

“The draft form 990 is circulated via email to the board of directors prior to filing with the internal revenue service.”

“The endowment's conflict of interest policy covers all members of the board of directors and all officers. The personnel policy indicates that all employees and directors must sign and acknowledge that they have read and understand the policies, which are reviewed and maintained by the executive director. The audit committee reviews each transaction to come before the board of directors for potential or actual conflicts of interest if potential or actual conflicts are identified, (past, present or future). Employees must promptly disclose actual or potential conflicts, in writing, to his or her supervisor. The identified conflicts of interest and appropriate recusals are documented in the minutes of each board or committee meeting.”

“The endowment does not currently compensate any officers. All employees are employees of the american society of public administration (the society), a related organization exempt under section 501(c)(3).”

“The endowment makes the federal form 990 available to the public upon request. The endowment does not make the governing documents, conflict of interest policy, and financial statements available to the public.”