Amvets (American Veterans)

“Amvets amended its bylaws to amend the reimbursement policy for officers and subordinates and to amend the investment policy.”

“Amvets has 2 types of members. A life member pays $250 as dues and is a member of amvets in perpetuity. An annual member of amvets renews his/her membership on an 1,2 or 3 year basis.”

“The members of the organization elect members of the national executive committee. The national executive committee then elects the national finance committee at the national convention held annually every august.”

“Amvets hired an independent accounting firm to prepare the federal form 990. The draft 990 was reviewed by the national executive director. The final 990 was provided to the board before it was filed with the irs.”

“Amvets recognizes the national salaried officers', directors', and national department employees' right to engage in activities outside of their office, which are private in nature and do not in any way conflict with or reflect poorly on amvets. Amvets employees must refrain from taking part in, or exerting influence, in any transaction in which their own interest may conflict with the best interest of amvets. Any duality of financial or possible direct or indirect conflict of interest on the part of any official is promptly disclosed in writing to the appropriate executive director/commander and made a matter of record through a periodic established procedure and again when the interest becomes a matter of amvets action. Any official having a duality of interest or possible conflict of interest on any matter does not vote or use his/her personal influence on the matter and is not counted in determining the quorum for a meeting, even where permitted by law. The minutes of the meeting reflect that a disclosure was made, the abstention from voting, and the quorum. All amvets national salaried officals periodically file a conflict of interest statement with the national executive director/commander. This statement is an integral part of their files for the duration of office.”

“The amvets budget, including general amounts for salaries and benefits, is set by the finance committee. This representative group of senior amvets leaders meets prior to the annual convention and, at the convention, the budget is presented and voted on by the national executive committee. The compensation of the executive director and the national commander is established by the finance committee in closed session. The executive director and the national commander do not participate in that session, despite being members of the committee. Comparable data is used in the compensation process and the process is documented. Reference to compensation levels of other executive directors of similar-sized nonprofits is considered when establishing salary for the coming year. The last compensation review was in august 2017.”

“The governing documents, conflict of interest policy and financial statements of amvets are available upon request.”