American Economic Liberties Project

“The return is prepared and reviewed by an outside accounting firm, reviewed by the executive director, and then reviewed by the board of directors.”

“Whenever a director, officer, or committee member becomes aware of a potential conflict of interest, whether financial or otherwise, s/he shall make the situation known to the board or committee (as the case might be) and provide all facts material to understanding the nature and scope of the conflict, including whether the interested person believes his or her ability to make an independent decision based solely on the best interest of the corporation has been compromised. If the interested person involved does not make this disclosure, another director or committee member with knowledge of the potential conflict should draw it to the body's attention. The interested person with the potential conflict must retire from the meeting and not participate in final discussion and voting on the existence of the conflict. If a conflict is found to exist, the interested person may be invited to provide any relevant information that could be of use to the board in making its decision, but shall again retire and not participate in the final discussion and voting regarding the transaction. The board or committee's decision shall be based on consideration of whether the transaction: a. Is in the organization's best interest and for its own benefit; b. Is fair and reasonable to the organization; and c. Is the most advantageous transaction or arrangement the organization can obtain with reasonable efforts under the circumstances.”

“The board or committee shall: (i) recuse and exclude any persons who receive directly or indirectly a substantial portion of their income from the corporation; (ii) rely on appropriate comparative data, including comparable agreements in similar organizations; compensation levels for similar positions in both exempt and taxable organizations; and regional economic data; (iii) document the bases upon which the board (or committee) relies for its compensation determinations; and (iv) record the names of the persons who were present for discussions and votes relating to the compensation and tallies of any votes taken during consideration of the compensation.”

“Anyone may request a copy of the form 990, and other documents required by law to be provided to the public, by contacting the organization in writing at 2001 pennsylvania ave nw, #540, washington, dc, 20006, or via email at [email protected]”

“Academic contract services: program service expenses 456,823. Management and general expenses 0. Fundraising expenses 0. Total expenses 456,823. Other fees: program service expenses 78,496. Management and general expenses 110,712. Fundraising expenses 0. Total expenses 189,208. Payroll fees: program service expenses 0. Management and general expenses 11,166. Fundraising expenses 0. Total expenses 11,166.”