American Foreign Service Protective Association

“The director of accounting reviews the forms in concert with the executive management, who then signs and files the return with the irs.”

“As a government contractor, afspa is subject to ethical compliance regulations. These took effect in 2009, and include having all employees and board members sign conflict of interest statements annually, and having a compliance and ethics officer. Compliance includes having the board members and employees briefed annually on ethical standards and being given options for bringing potential ethical concerns to the attention of the compliance officer. To date, no potential ethical concerns have been brought to the attention of the compliance officer. If they were, the compliance & ethics officer and/or his or her designees will investigate alleged violations of the code of ethics. As necessary, they may report the violation to public officials for investigation and/or prosecution. Board members sign a conflict of interest statement annually, and have to disclose any potential conflict of interest. He or she would have to recuse themselves from any vote involving any item subject to the conflict of interest.”

“Top management and officer compensation is determined by the board of directors based on an estimated annual budget for salary and bonus increases. Salary adjustments or bonuses (but not both) are reviewed for possible adjustment in july of each year after discussion in closed-door executive sessions.”

“Not available to the public”

“Afspa did have an independent audit of the afspa financial statements performed by johnson lambert, llp. Activities of the fsbp were audited by kpmg. The two plans were not audited together, so part iv, q 12a is answered no. The figures included in form 990 were compiled from the respective audited financial statements.”

“The american foreign service protective association ("afspa") is the carrier of the foreign service benefit plan ("fsbp"). The fsbp is a federal employees benefit plan created by a contract between afspa and the u.s. Office of personnel management pursuant to the fehba act, 5 u.s.c. Chap. 89. The internal revenue service has recognized afpsa as a tax exempt voluntary employees beneficiary association ("veba") under internal revenue code 501(c)(9). Beginning in 2014, afspa restructured the financing of the fsbp so that afpsa self-funds the fsbp with aggregate stop loss insurance coverage from aetna. Due to this change, the format of the 2014 form 990 includes both the activity of afspa and the claims and administrative expenses for the fsbp processed by our subcontractor aetna.”

“Fehbp beginning net assets 36,694,993.”