I Am Als

“Brian wallach and sandra abrevaya have a family relationship. Brian wallach and sandra abrevaya have a business relationship with edwin cohen. Brian wallach and sandra abrevaya have a business relationship with divya silbermann. Louise langheier, through her husband, has a business relationship with brian wallach.”

“During the year, iaa changed its bylaws to update the number of board members.”

“The form 990 was prepared by the outside accountants and reviewed by the organization's audit committee. The return was then provided to the full board, prior to filing with the irs.”

“Each director, officer, key person and member of a committee annually signs a conflict of interest statement, which affirms that such person has received, read, understands and agrees with the policy. A conflict of interest arises when a person has an existing or potential financial interest or other material interest that impairs, or appears to impair his or her independence or objectivity in the discharge of responsibilities and duties to i am als. If a conflict arises each related party discloses any direct or indirect financial or other material interest which he or she or his or her relatives has or reasonably expects to have in a related party transaction prior to or as soon as practicable following the start of any negotiations with respect to such matter. Interests will be disclosed in writing to the secretary of the corporation. The secretary of the corporation provides a copy of all such disclosures to the directors of the corporation. The board reviews all transactions, agreements or any other arrangements between the corporation and a related party, and any other transactions which may involve a potential conflict of interest. No related party votes on any matter with respect to which he or she has been determined by the board to have a financial interest. If the board or committee has reasonable cause to believe that a member has failed to disclose actual or possible conflicts of interest, it informs 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 investigating further, as warranted by the circumstances, the board or committee determines that the member has in fact failed to disclose an actual or possible conflict of interest, the board takes appropriate corrective action.”

“To set the ceo's initial salary the organization sought data from several sources to assess the appropriate compensation range, including an independent search firm and reviewed several compensation studies from professionals for non-profits to koya leadership partners. We determined the key criteria for our decision were 1) competitive data from the sources listed above, 2) qualifications of the candidate including experience to date and graduate training, and 3) our compensation philosophy that we should pay competitively given the demanding and urgent timeline of the job. The search committee of the board developed the criteria via phone conversations and email in partnership with the independent search firm. This proposal was presented to the executive board on a weekly call and sent in writing to the full board for discussion at a board meeting. The ceo's first performance review was presented to the full board during the october 2020 board meeting. Based on the positive evaluation, the full board voted to increase the ceo's salary by 5%. In addition to the ceo's salary, the board approves the annual budget, which includes the salaries of all employees.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public per request.”

“Advocacy: program service expenses 84,459. Management and general expenses 0. Fundraising expenses 0. Total expenses 84,459. Communication: program service expenses 585,453. Management and general expenses 0. Fundraising expenses 386. Total expenses 585,839. Consulting: program service expenses 9,000. Management and general expenses 18,000. Fundraising expenses 0. Total expenses 27,000.”

“On may 26, 2020, iaa received loan proceeds in the amount of $100,900 under the paycheck protection program. The promissory note calls for monthly principal and interest payments amortized over the term of the promissory note with a deferral of payments for the first six months. Under the coronavirus aid, relief, and economic security act (cares act), the promissory note may be forgiven by the small business administration in whole or in part. Management of iaa believes the proceeds have been used for purposes consistent with the paycheck protection program and believes that its use of the loan proceeds will meet the conditions for forgiveness of the loan. If forgiveness is granted, iaa will record revenue from debt extinguishments during the period that forgiveness was approved.”