Rheumatology Research Foundation

“The american college of rheumatology provides management and administrative services for the foundation. Management fees charged to the foundation by the college amounted to $2,872,398 for the fiscal year ending june 30, 2021 and are included in management fees in the accompanying statements of functional expenses.”

“The board of directors of the foundation shall be nominated by the acr committee on nominations and appointments and confirmed by the board of directors of the foundation.”

“A draft copy of the form 990 was provided to the full board for their review and comment prior to filing of the return. The question and answer period of the meeting was held with assistance from the vice president, operations and finance, and the tax preparer and was documented in the minutes. The executive director signed the return after considering comments.”

“All board members annual submission of disclosure statements are on file with legal counsel. Any individual who gives notice of potential conflict is to abstain from participating in any item of business which comes before the board.”

“The rheumatology research foundation has a management agreement with american college of rheumatology. American college of rheumatology's policies apply to the foundation. The executive director and director of human resources uses comparability data to develop compensation ranges and targets. The director of human resources contemporaneously documents and maintains confidential records of all decisions affecting college and foundation employees.”

“The organization makes it governing documents and conflict of interest policy available to the public upon request. The organization makes its financial statements available to the public upon request and on the organization's website.”

“Explanation of full time employees: the filing organization has a management agreement with related organization, american college of rheumatology (acr), under which acr provides a variety of management services, including executive personnel and other appropriate staffing. The organization pays a management fee to the acr for these services, which includes salary expenses for all staff devoting effort to the organization's programs and services, as well as administrative and fundraising activities. During the filing year, there were approximately 20 full time equivalent staff who devoted effort to the organization.”

“Recoveries of prior year grants 313,598.”