Society for Benefit-Cost Analysis

“The Organization uses a management company, Kautter Wenhold Management Company, to perform management and administrative services.”

“The Organization shall consist of the following membership categories:Honorary membership - Individuals determined by the Board to have made fundamental contributions to the field of benefit-cost analysis or who have made major contributions of their time and energy to the Organization.Regular individual membership - Open to individuals who by their profession, training, and/or function are inerested or involved in benefit-cost analysis, cost-effectiveness, risk analysis, applied welfare economics, and/or damange assessments. Regular individual memberships hay have multiple donation levels and benefits, as determined by the board of directors.Student membership - open to individuals who are full-time students engaged in a degree program and have an interest in the Organizations work.Organization affiliates - Open to any association and public or private institution, organization, or firm that operates in the fields connected with the aims of society, or which pursues the aims or materially supports the activities or initiatives of the society, by providing human, organization or financial resources. Organization affiliates shall receive a prescribed number of regular individual memberships, as determined by the Board, and shall designate the individuals at their institutions who will receive these memberships. The Board may establish multiple donation levels and benefits for Organizational affiliates.”

“The Organizations membership elects the directors and officers of the Governing body each fall.”

“Changes in the bylaws shall be proposed either by action of the Board of Direcotrs or by the petition contatining the names, signatures, and contact information of ten (10%) percent of voting members, submitted to the secretary. Changes shall be adopted upon affirmative vote of two-thirds of society members voting, where the vote shall be taken at the annual business meeting or by mail or electonic ballot at the time of the annual election, or in a special election by mail or electronic ballot if requested by the Board of Directors or by ten percent (10%) of voting members.”

“The form 990 is prepared by an independent CPA. The form 990 is reviewed by a finance committee consisting of the treasurer, assistant treasurer, and past treasurer before the return is filed with the IRS.”

“Annually all direcors and officers complete and sign a statement that provides information regarding their interests and those of their family members that could give rise to conflicts. The members of the governing body make determinations of whether a conflict of interest exists and review actual conflicts. Any person with a conflict is prohibited from participating in the governing bodys deliberations and decisions in the transaction.”

“The Organization makes its governing documents, conflicts of interest statement, and financial statements available to the public upon request. The Organization also makes its conflict of interest statement and bylaws available on its website.”

“Rounding difference”