United States Spain Council Inc.

“The organization contracted with d&p creative strategies, llc to perform management duties. In 2019, u.s.-spain council paid $99,000 to d&p creative strategies for a suite of services, including the services of the executive director. The management company estimates that, for 2019, the amount of the fee that was for the services of the executive director was $36,000.”

“The organization's form 990 was prepared by the outside accountants and reviewed by senior management and legal counsel. A complete copy of form 990 was provided to the organization's board of directors prior to filing with the irs.”

“U.s. Spain council has a policy of requiring each director, principal officer and board member to sign annually a statement affirming the person has received a copy of the conflict of interest policy, has read and understands the policy, and has agreed to comply with the policy. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. An interested person may make a presentation at the governing board or committee meeting,but will leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving a possible conflict of interest. The governing board or committee will determine, after exercising due diligence, whether the corporation can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under the circumstances not producing a conflict of interest, the board shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the corporation's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination, it shall make its decision as to whether to enter into the transaction or arrangement. If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

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