National Swimming Pool Foundation

“The form 990 was prepared by the outside accountants. After, a copy of the form 990 was provided to all members of the governing board for their review and comments prior to filing. A minimum of 8 approving votes is required before the form 990 is filed.”

“The conflict of interest policy is provided to all board members at the fall board meeting. Board members are required to complete a conflict of interest disclosure form at that meeting. The forms are then reviewed by the audit committee, which then reports to the board. The policy also requires board members to disclose new conflicts of interest as they occur. In connection with any actual or possible conflict of interest, an interested person discloses the existence of the financial interest and is 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. After disclosure of the financial interest and all material facts, and after discussion with the interested person, he/she then leaves 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 decide if a conflict of interest exists. Procedures for addressing a conflict include: a. An interested person makes a presentation at the governing board or committee meeting. After the presentation, he/she leaves 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, if appropriate, appoints a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. C. After exercising due diligence, the governing board or committee determines whether the alliance 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 the circumstances; to not produce a conflict of interest, the governing board or committee determines by majority vote of the disinterested directors whether the transaction or arrangement is in the alliance's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination, the governing board or committee makes its decision as to whether to enter into the transaction or arrangement. If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it informs the member of the basis for such belief and affords the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it takes appropriate disciplinary and corrective action. The president & ceo has conflict of interest provisions in his/her employment contract to which he/she is to adhere and to report any problem areas to the board of directors for review. The senior staff is required to complete the conflict of interest form each year. However, any potential conflicts for these other employees are discussed with the president & ceo.”

“The compensation of the ceo is based on ana assessment of the asae salary survey data by the executive committee of the board of governance. The compensation for the ceo is then reviewed and approved by the board of directors. This decision is duly documented in the board of director's minutes. The last compensation review was held on january 2019. The ceo uses american society of association executives as a compensation benchmark for other employees.”

“Pool and hot tub foundation's governing documents, form 990, and conflict of interest policy and financial statements are made available to the public upon request.”