Alliance for Aging Research

“The board may appoint an executive committee and may delegate to that committee all of the powers of the board when the board is not in session, except that the committee may not have the power to make, amend or repeal the by-laws, nor to elect members of the board. The executive committee consists of the board chair, board vice-chair, and chairs from the governance committee, development committee and finance committee.”

“The form 990 is reviewed, signed, and filed by the president and ceo. It is also reviewed by the treasurer prior to filing, and provided to the board.”

“Each spring, board members are asked about potential conflicts of interest. In connection with any actual or possible conflict of interest, the person involved must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the board of directors considering the proposed transaction or arrangement. The vote(s) of the interested director(s) will not be counted.”

“The board chair convenes the executive committee annually to review the president & ceo's employment contract and annual salary. A vote is captured by email. Compensation data by asae is reviewed to determine reasonableness. Highest compensated employees' salary is determined based on an annual performance review by the president and ceo. Compensation data by asae is reviewed to determine comparability and reasonableness. The most recent year in which the process included review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision was 2017.”

“The organization's governing documents, conflict of interest policy, and financial statements are made available to the public on their website or by request.”

“Consultants: program service expenses 378,791. Management and general expenses 12,258. Fundraising expenses 17,887. Total expenses 408,936. Honoraria: program service expenses 11,600. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,600.”

“Consultants: program services expenses - 378,791 management and general expenses - 12,258 fundraising - 17,887 total expenses - 408,936 honararia: program services expenses - 11,600 management and general expenses - 0 fundraising - 0 total expenses - 11,600”

“The board assumes responsibility for th oversight of the audit and selection of the independent accountant. This process has not changed from prior years.”