The Psychonomic Society Inc

“The society has four classes of membership: member, fellow, graduate student, and undergraduate student. Members who have retired or have reached age 65 may request emeritus status.”

“The society's membership has the right to elect the members of the society's governing body. Two new members of the governing body are elected annually.”

“The prepared form 990 is reviewed and approved by the members of the governing body before the return is filed with the irs.”

“All directors and officers annually complete and sign a statement that discloses interests that could give rise to conflicts. After determining that a conflict of interest exists, an interested person may make a presentation at a meeting of the governing body. After making the presentation, the interested person shall recuse themself and leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the conflict of interest. If, in the judgment of the governing body, a perception of a conflict of interest might remain even after recusal, the chair shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the governing body shall determine whether society can obtain with reasonable efforts a transaction or arrangement of at least equal advantage from a person or entity that would not give rise to a conflict of interest. If a transaction or arrangement of at least equal advantage is not reasonable or possible under circumstances not producing a conflict of interest, the governing body shall determine by a majority vote of the disinterested members whether the transaction or arrangement is in society'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.”

“The executive director's compensation is reviewed and determined by the governing board. The process includes comparison of compensation paid by similar organizations, reviewing compensation surveys, and taking into consideration the financial status of the society. The process is documented in writing and was last performed in january 2024.”

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

“Other professional fees: program service expenses 14,547. Management and general expenses 5,323. Fundraising expenses 0. Total expenses 19,870. Editorial stipends: program service expenses 444,375. Management and general expenses 0. Fundraising expenses 0. Total expenses 444,375.”