Physical Therapy Fund

“When the board of directors is not in session, the executive committee, the members of which shall be the same as the members of the association's executive committee shall have and may exercise all the authority of the board of directors except as limited by law or by resolution of the board of directors.”

“The organization delegates control to its parent company, the american physical therapy association.”

“In 2020, physical therapy fund bylaws were amended to reflect a change in who appoints the board of trustees of the physical therapy fund. The revisions made the procedures consistent with other related organization appointment procedures, changing the appointing party from the board of directors of the sole member to the president of the sole member. Changes also clarify items related to the annual meeting and terms used for electronic (virtual) meetings.”

“The sole voting member of the physical therapy fund is the american physical therapy association.”

“The governing body of the physical therapy fund shall be elected by the affirmative vote of the american phyiscal therapy association, the sole voting member.”

“Physical therapy fund's board will review the draft form 990 before it is filed with the internal revenue service.”

“According to the organization's conflict of interest policy, the covered persons are all currently elected members of the board of directors, the ceo, and staff. Members of the board of directors are required to sign a statement annually attesting that he/she has read the conflict of interest policy and understands this policy. They are further obligated to disclose any conflicts and shall refrain from participating in or being present for deliberations, discussions, or decisions related to the disclosed conflict relationship. The ceo is responsible for administering and enforcing the board of directors' policies. The ceo is also responsible for administering and enforcing the staff policies. According to apta staff policy #205, staff are required to disclose to their vp or evp any situation where they may have a potential conflict. In these cases, staff may not participate in any decision making related to the conflict. Attached are copies of both the board and staff policies.”

“The organization does not provide compensation to ceo, executive director, top management officials, officers or key employees. All american physical therapy fund (aptf) board members are members of related organization, american physical therapy association (apta). Apta compensates ceo, executive directors, top management officials, officers or key employees. Apta has a process in place for determining the compensation of the ceo, executive director, top management official, officers and key employees of the organization.”

“The organization makes its governing documents and financial statements available to the public upon request.”