The American Antitrust Institute Inc

“There are no designated committees with authority to act on behalf of the governing body.”

“Aai's draft form 990 is reviewed by relevant staff members to confirm that the information therein is accurate and current. The draft form 990 is then circulated to the aai board of directors for review, comment, and approval before filing with the internal revenue service.”

“Aai requires that each officer, director, and paid staff member disclose all contemplated or existing related party transactions known to, and involving, such director, officer of staff member. In addition, each officer, director, and paid staff member must annually sign a statement confirming that such disclosures have been made. All related party transactions shall be reviewed by independent directors. In reviewing such transactions, the board may request that the interested party state his or her views on the appropriateness of the transaction. The interested party then has to leave the meeting while the independent directors determine whether the transaction is fair and reasonable and is in the best interest of aai.”

“The compensation of all employees, including the ceo, is reviewed and approved by the board of directors, all of whom are independent. The aai board of directors uses the federal government pay scales and non-profit comparables to generally evaluate and align the salary of the aai president. These scales are also used for the same purpose for other salaried staff positions. The process typically occurs in connection with the review and approval of the annual budget.”

“Aai makes its governing documents, conflict of interest policy, and financial statements available upon request and upon the payment of reasonable copying and postage costs.”

“Communication consultant: program service expenses 21,379. Management and general expenses 19,089. Fundraising expenses 9,532. Total expenses 50,000. Media consultant: program service expenses 12,829. Management and general expenses 8,784. Fundraising expenses 4,387. Total expenses 26,000. Executive search: program service expenses 8,772. Management and general expenses 6,006. Fundraising expenses 3,000. Total expenses 17,778. Other professional fees: program service expenses 4,464. Management and general expenses 3,046. Fundraising expenses 1,521. Total expenses 9,031. Payroll processing: program service expenses 6,481. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,481. Consulting: program service expenses 136,295. Management and general expenses 0. Fundraising expenses 0. Total expenses 136,295.”