Association for the Advancement of Mexican Americans

“For purposes of form 990, aama had eleven (11) board of directors at the end of fiscal year 2019. The organization's bylaws provide for a minimum of ten (10) directors, as determined from time-to-time by the board of directors.”

“The governing body of aama is the board of directors. Duly nominated individuals are elected by majority vote of the board of directors.”

“Once the required quorum has been reached, if there is not consensus on the act being decided upon, decisions of the board of directors are made by a vote of a majority of directors present and voting, unless the act being voted upon requires a greater number, either by law or some other provision of the bylaws.”

“Once form 990 has been prepared, the organization's chief financial officer and controller review it in detail, comparing each line item to the organization's annual independent audit report and supporting schedules. All questions requiring a 'yes- or 'no' response are verified for accuracy for the fiscal year being reported. Once the chief financial officer has determined that form 990 is accurate and complete, it is provided to and reviewed with the organization's president and ceo. At the president and ceo's direction, the organization's chief financial officer submits the approved form 990 to the board of directors finance committee for review. Once the finance committee approves the form 990, it is provided to the board of directors prior to submission to the internal revenue service, generally by secure electronic transmission. The minutes of the board of directors reflect its receipt of form 990 prior to its submission.”

“Aama constantly monitors transactions, proposed or real, for possible conflict of interest implications. This is accomplished using a variety of resources including, without limitation, the organization's chief financial officer and controller, other members of the accounting department, executives of the organization, directors, and the organization's independent cpa firm. The organization's conflict of interest policy applies to all employees (officers and staff) and to the board of directors. The organization obtains annual written acknowledgments from each director verifying his or her compliance with the organization's conflict of interest policy. In the event that a director has or may have a conflict, aama requires such director to provide the board of directors with specific details. In the best interests of the organization, the director may be asked to abstain from voting and if an actual conflict is determined to exist, will be required to abstain from voting on any decision related to such conflict.”

“One of the board committees is the compensation review committee. This committee has the responsibility for reviewing the compensation of the organization's president and ceo. As may be requested, the organization's human resource director will provide comparability and other data to the committee. As part of determining the appropriate compensation to be provided to the president and ceo, the committee will evaluate the executive's performance using a variety of measurements.”

“Governing documents, conflict of interest policy, and financial statements availability to the public. The following documents are currently made available to the public on the organization's web site, www.aama.org: annual independent auditor's report; annual irs form 990; and accounting policies and procedures. In addition, public documents pertaining to the organization's texas charter school include: district accountability summary; nclb report card campus level; george i. Sanchez charter school budget; school first; cip; and texas nclb report card district. Other documents such as the organization's irs determination letter and conflict of interest policy are made available to the public upon request.”

“Aamas mission is to inspire and empower latinos to pursue and achieve their potential and achieve success. Aama's ultimate goal is that all latinos will be able to participate fully in the economic and civic success of our community. The organizations programs are designed to create the conditions that will make that vision possible.”

“Aama's education programs include the george i. Sanchez charter school, which served 916 students at two campuses in houston. The houston school includes pre-kindergarten for ages 3 and 4, middle school for youth in grades 6-8, and high school for students in grades 9-12. Sanchez focuses on highly at-risk latino students and helps them overcome academic and social barriers through small classes, rigorous instruction, one-on-one attention, intensive support services and a personalized learning environment. The school offers on-campus childcare for enrolled teen parents; dual credit courses so students can get a head start on college credits at no cost; and a variety of student clubs and sports programs to help keep students fit, active and motivated to succeed. Approximately 90% of the students who graduate from sanchez enroll in college. Aama's adelante program also provided education for approximately 1,000 adults at four locations in houston, offering a comprehensive curriculum to give adults the basic skills and education necessary to enter and advance in the workplace. Aama offers classes in basic math, reading, writing, and english as a second language (esl) in five levels; and preparatory classes for general education diploma (ged) testing. During the current fiscal year, 370 students received their ged certificates through aama.”

“Direct rental expenses 1,693,250 direct fundraising expenses 17,064 direct rental expenses -1,693,250 direct fundraising expenses -17,064”