Alliance for Consumer Education

“Ace has an executive committee, consisting of the president, the vice-president, the secretary, the treasurer, and two (2) other trustees selected by the president. The executive committee, chaired by the president, provides counsel and guidance to the executive director in establishing agendas for trustee meetings and in setting the broad parameters of corporation initiatives. The executive committee is empowered to act for the board of trustees when it is not in session. Any action taken by the executive committee is deemed ratified by the board of trustees unless disapproved by a majority of trustees present at the next board meeting.”

“The ace board consists of at least 7 trustees, including the president and chairman of the household & commercial products association (hcpa), with at least five additional at large trustees. Ace has a nominating committee that appoints the trustees at large; this committee consists of the ace executive committee (as described in answer to question 1a) and at least one sponsor selected by the president. The nominating committee, chaired by the president, prepares a list of one qualified nominee for each office and trustee at large to be elected due to term expiration. The list of nominees is then provided to the board at least fifteen days in advance of the meeting at which the elections will be held. With regard to officers: the secretary of ace is the president of hcpa; the other officers (president, vice president, treasurer) are elected by the trustees themselves, from among the sitting board.”

“The form 990 is reviewed by the hcpa vice president and controller, and then is made available to the board of trustees before it is filed.”

“The conflict of interest policy is reviewed at board meetings.”

“The compensation decision for the president & ceo of hcpa is made by an independent compensation committee made up of members of the board of directors. Hcpa's ceo is the acting executive director for ace. Therefore, a portion of his compensation is allocated to ace based on time spent on ace's outreach, programs, and oversight.”

“Documents are made available to the public by request.”

“Consulting fees: program service expenses 2,366. Management and general expenses 25,473. Fundraising expenses 0. Total expenses 27,839. Administrative fees: program service expenses 20,385. Management and general expenses 219,615. Fundraising expenses 0. Total expenses 240,000.”

“Write off of contributions receivable -102,500.”

“The audited 2020 financial statements have yet to be issued as of the filing of the 2020 form 990. This form 990 has been prepared using the best estimates available at the time, and if the final audited financial statements contain material differences an amended 2020 form 990 will be filed.”