2024-11-14T11:54:26-06:00 2023-12-31 812950760 SAX LLP 1040 AVENUE OF THE AMERICAS-16TH FL NEW YORK NY 10018 990 2023-01-01 131889074 AMERICAN COUNCIL ON GERMANY INC AMER 2128263636 60 EAST 56TH STREET 10TH FLOOR NEW YORK NY 10022 STEVEN E SOKOL PRESIDENT 2128263636 2024-11-14 1 0 MIKE SCHALL P02024184 2122682804 2024-11-13 2023 2024-10-15 13:58:12Z STEVEN E SOKOL 60 EAST 56TH STREET 10TH FLOOR NEW YORK NY 10022 4988315 0 X WWW.ACGUSA.ORG X 1952 NY INDEPENDENT, NONPARTISAN ORGANIZATION FOUNDED TO STRENGTHEN GERMAN-AMERICAN RELATIONS. 41 40 7 0 0 0 2147947 1312150 90650 77239 488644 508115 0 2978 2727241 1900482 19739 32000 0 0 1171319 1187712 0 0 125814 908155 1111899 2099213 2331611 628028 -431129 14092269 17419627 346652 2473483 13745617 14946144 X THE AMERICAN COUNCIL ON GERMANY (ACG) IS AN INDEPENDENT, NONPARTISAN NONPROFIT ORGANIZATION THAT WAS FOUNDED IN 1952 TO STRENGTHEN GERMAN-AMERICAN RELATIONS. TODAY, THE ACG WORKS ACROSS GENERATIONS TO PROVIDE A DEEPER, MORE NUANCED UNDERSTANDING ABOUT GERMANY, EUROPE, AND THE IMPORTANCE OF THE TRANSATLANTIC PARTNERSHIP. THROUGH A RANGE OF PROGRAMS AND ACTIVITIES, THE ACG ADDRESSES THE MOST PRESSING ECONOMIC, POLITICAL, AND SOCIAL CHALLENGES OF THE DAY TO ENSURE BETTER MUTUAL UNDERSTANDING. 0 0 1701879 17085 CONFERENCES AND STUDY TOURS THE ACG REGULARLY ORGANIZES POLICY CONFERENCES TO BRING TOGETHER POLICYMAKERS, BUSINESS LEADERS, JOURNALISTS, ACADEMICS, AND ANALYSTS TO SHARE THEIR EXPERTISE AND EXCHANGE PERSPECTIVES ON ISSUES OF CONTEMPORARY CONCERN. THESE CONFERENCES PROMOTE TRANSATLANTIC UNDERSTANDING AND STRIVE TO FACILITATE MORE EFFECTIVE POLICY COORDINATION. THE CONFERENCES HAVE BOTH TAKEN A WIDE VIEW OF TRANSATLANTIC RELATIONS AND HAVE FOCUSED ON SPECIFIC ISSUES RANGING FROM SMART CITIES TO HEALTH CARE TO NATO'S ROLE AND RUSSIA TO CLIMATE AND ENERGY POLICY. FOLLOWING THE CONFERENCES, PARTICIPANTS OFTEN DEVELOP PRACTICAL POLICY SOLUTIONS TO COMPLEX PROBLEMS. FOR MORE THAN 30 YEARS, THE AMERICAN COUNCIL ON GERMANY HAS ARRANGED IN-DEPTH FACT-FINDING TRIPS FOR PRACTITIONERS AND EXPERTS TO TRAVEL ACROSS THE ATLANTIC TO MEET WITH THEIR PROFESSIONAL COUNTERPARTS AND EXCHANGE BEST PRACTICES. THROUGH STUDY TOURS AND LEADERSHIP MISSIONS, THE ACG HAS GIVEN GROUPS OF PROFESSIONALS THE OPPORTUNITY TO ENGAGE IN DIALOGUE WITH OFFICIALS, BUSINESS LEADERS, JOURNALISTS, AND OTHER EXPERTS TO GAIN A BETTER UNDERSTANDING OF THE POLITICAL, ECONOMIC, SOCIAL, AND ENVIRONMENTAL LANDSCAPE ON EITHER SIDE OF THE ATLANTIC. IN 2023, THE ACG CONDUCTED SEVEN FACT-FINDING MISSIONS. THESE IMMERSIVE STUDY TOURS FOCUSED ON ISSUES SUCH AS AGRICUTLURAL POLICY, SOCIAL COHESION, WORKFORCE PREPAREDNESS, AND EDUCATION. THE ACG HAS ALSO ORGANIZED PROGRAMS ON ON IMMIGRATION AND INTEGRATION, ENERGY POLICY, THE ENVIRONMENT AND SUSTAINABILITY, GERMAN ELECTIONS, AND GERMAN AND EUROPEAN POLITICS AND FOREIGN AND SECURITY POLICY.IN THE PAST STUDY TOURS HAVE ALSO FOCUSED ON IMMIGRATION AND INTEGRATION, ENERGY POLICY, THE ENVIRONMENT AND SUSTAINABILITY, GERMAN ELECTIONS, AND GERMAN AND EUROPEAN POLITICS AND FOREIGN AND SECURITY POLICY. AFTER THE CONCLUSION OF EACH IMMERSIVE EXCHANGE, PARTICIPANTS ARE ENCOURAGED TO CONTINUE THEIR ENGAGEMENT IN THE ISSUES ANALYZED AND TO APPLY LESSONS LEARNED WITH THEIR LOCAL COMMUNITIES. FOR MORE THAN 20 YEARS, THE ANNA-MARIA AND STEPHEN M. KELLEN FELLOWSHIPS HAVE PROVIDED YOUNG BERLIN-BASED JOURNALISTS THE OPPORTUNITY TO TRAVEL TO THE UNITED STATES TO EXPLORE CURRENT TRENDS IN TRANSATLANTIC RELATIONS. IN 2022, THE ACG AWARDED TWO KELLEN FELLOWSHIPS. IN ADDITION TO EVENTS AND ACTIVITIES, THE ACG ENGAGES IN OUTREACH TO ITS MEMBERS AND THE COMMUNITY AT LARGE THROUGH TRADITIONAL AND NEW MEDIA TO KEEP THEM INFORMED ABOUT THE MYRIAD OF ISSUES AFFECTING THE GERMAN-AMERICAN RELATIONSHIP AND TRANSATLANTIC AFFAIRS. IN ADDITION TO A SERIES OF PUBLICATIONS, THE ACG PRODUCES A WEEKLY COMPILATION OF OPINION PIECES AND ANALYSIS AS WELL AS A MONTHLY NEWSLETTER. 141694 56814 YOUNG LEADERSTHE AMERICAN COUNCIL ON GERMANY REACHES OUT TO THE NEXT GENERATION OF DECISION-MAKERS AND OPINION LEADERS FROM ACADEMIA, BUSINESS, GOVERNMENT, MEDIA, AND THE NON-PROFIT SECTOR BY ORGANIZING CONFERENCES TO FAMILIARIZE THEM WITH KEY TRANSATLANTIC ISSUES. THESE CONFERENCES ALSO ENABLE THESE REPRESENTATIVES FROM THE "SUCCESSOR GENERATION" TO ESTABLISH A NETWORK OF CONTACTS AT HOME AND ON THE OTHER SIDE OF THE ATLANTIC. THE MAIN GOALS OF THE ACG'S YOUNG LEADERS PROGRAMS ARE TO PROVIDE A FORUM FOR BRIGHT, INFORMED, AND SOPHISTICATED YOUNG PROFESSIONALS TO DISCUSS MAJOR ISSUES IN AN INFORMAL SETTING; TO ENCOURAGE PARTICIPANTS TO DEAL FRANKLY WITH THE ISSUES ON THEIR OWN TERMS; TO EXPLORE AND DEBATE THEIR DIFFERENCES AND COMMON INTERESTS; AND TO CREATE AN ENDURING COMMUNITY OF LEADERS WHO ARE ENGAGED AND COMMITTED TO STRENGTHENING THE TRANSATLANTIC PARTNERSHIP. THE ANNUAL WEEK-LONG AMERICAN-GERMAN YOUNG LEADERS CONFERENCE BRINGS TOGETHER UP TO 50 GERMANS AND AMERICANS. THE RELATIONSHIPS FORMED DURING THE YOUNG LEADERS' BRIEF TIME TOGETHER SERVE AS A VALUABLE INVESTMENT IN THE TRANSATLANTIC RELATIONSHIP. ALUMNI HAVE GONE ON TO BECOME HIGH-RANKING MEMBERS OF THE U.S. AND GERMAN GOVERNMENTS; CONGRESS AND THE BUNDESTAG; THE EUROPEAN PARLIAMENT; LOCAL CITY GOVERNMENTS; MILITARY LEADERS; AND EDITORIAL WRITERS. IN JULY, THE ANNUAL YOUNG LEADERS CONFERENCE BROUGHT TOGETHER 50 REPRESENTATIVES FROM THE SUCCESSOR GENERATION TO DISCUSS A HOST OF ISSUES FROM THE WAR IN UKRAINE TO THE RISE OF CHINA AND FROM DISRUPTION IN THE GLOBAL ECONOMY TO ENERGY DEPENDENCE. 43553 2218 POLICY DISCUSSIONS AND NATIONAL OUTREACH THE AMERICAN COUNCIL ON GERMANY IS THE LEADING U.S.-BASED FORUM FOR STRENGTHENING GERMAN-AMERICAN RELATIONS. IT DELIVERS A DEEP AND NUANCED UNDERSTANDING OF WHY GERMANY MATTERS TO THE UNITED STATES, BECAUSE THE ONLY WAY TO UNDERSTAND CONTEMPORARY EUROPE IS TO UNDERSTAND GERMANY'S ROLE WITHIN EUROPE AND AROUND THE WORLD. AND, THE ONLY WAY TO UNDERSTAND CONTEMPORARY GERMANY IS TO PUT IT IN A EUROPEAN CONTEXT. THE ACG EXAMINES GERMAN-AMERICAN RELATIONS ON THREE LEVELS: THE BILATERAL RELATIONSHIP, THE TIES BETWEEN EUROPE AND THE UNITED STATES, AND HOW THE TRANSATLANTIC PARTNERSHIP CAN MEET GLOBAL CHALLENGES. THE ACG ORGANIZES AND HOSTS DOZENS OF POLICY DISCUSSIONS IN NEW YORK, AT ITS WARBURG CHAPTERS ACROSS THE COUNTRY, AND ON-LINE. IN ADDITION TO GERMAN AND U.S. DOMESTIC POLITICS AND U.S. AND EUROPEAN FOREIGN POLICY, THESE EVENTS COVER A WIDE SWATH OF ECONOMIC, POLITICAL, AND SOCIAL ISSUES OF COMMON CONCERN IN EUROPE AND THE UNITED STATES. BY EXAMINING THE ISSUES FACING EUROPE AND THE UNITED STATES, THE ACG IS ABLE TO PROVIDE INSIGHTS AND ANALYSIS OF POLICY CHOICES ON BOTH SIDES OF THE ATLANTIC. THROUGH A RANGE OF EVENTS AND ACTIVITIES IN NEW YORK CITY AND AT ITS ERIC M. WARBURG CHAPTERS ACROSS THE COUNTRY, THE ACG PROVIDES BUSINESSPEOPLE, POLICYMAKERS, JOURNALISTS, ACADEMICS, AND TOMORROW'S LEADERS WITH INSIGHTS INTO GERMAN AND EUROPEAN AFFAIRS. IN 1992, THE ACG LAUNCHED ITS NATIONAL OUTREACH THROUGH A NETWORK OF ERIC M. WARBURG CHAPTERS. THERE ARE MORE THAN 20 CHAPTERS, INCLUDING ATLANTA, BOCA RATON, BOSTON, CHARLOTTE, CHICAGO, DALLAS, DENVER, INDIANAPOLIS, MADISON, MINNEAPOLIS/ST. PAUL, NASHVILLE, PHILADELPHIA, PHOENIX, PITTSBURGH, ST. LOUIS, SAN DIEGO, SAN FRANCISCO, SEATTLE, AND GREATER WASHINGTON DC. THROUGH ITS CHAPTERS THE ACG ENCOURAGES DISCUSSION AND THE EXCHANGE OF IDEAS CONCERNING GERMANY AND EUROPEAN AFFAIRS IN COMMUNITIES ACROSS THE COUNTRY. THE ACG HAS MADE A CONCERTED EFFORT TO ENGAGE STUDENTS AND FACULTY AT LOCAL HIGH SCHOOLS AND UNIVERSITIES IN MANY CHAPTER CITIES. GOVERNMENT OFFICIALS, POLITICIANS, BUSINESS LEADERS, JOURNALISTS, ACADEMICS, AND POLICY ANALYSTS HAVE BEEN AMONG THOSE TO SPEAK AT CHAPTER EVENTS. 44048 32000 1122 FELLOWSHIPSTHE AMERICAN COUNCIL ON GERMANY OFFERS FELLOWSHIPS TO GIVE AMERICAN AND GERMAN EXPERTS, JOURNALISTS, SCHOLARS, AND OTHER EARLY CAREER PROFESSIONALS FROM A VARIETY OF FIELDS THE OPPORTUNITY TO TRAVEL OVERSEAS TO GAIN A BETTER UNDERSTANDING OF HOW ISSUES ARE APPROACHED ON THE OTHER SIDE OF THE ATLANTIC. IN THE PROCESS, THEY FORGE LASTING CONNECTIONS WITH THEIR TRANSATLANTIC COUNTERPARTS. SINCE 1976, MORE THAN 1,100 INDIVIDUALS HAVE TRAVELED ACROSS THE ATLANTIC TO BROADEN THEIR PERSONAL AND PROFESSIONAL HORIZONS UNDER THE AUSPICES OF THE FELLOWSHIP PROGRAMS. THE CORNERSTONE OF THE ACG'S FELLOWSHIPS IS THE MCCLOY FELLOWSHIPS ON GLOBAL TRENDS, WHICH AWARDS FUNDING TO PRACTITIONERS TO RESEARCH THE MOST PRESSING CHALLENGES ON THE TRANSATLANTIC AGENDA. FOR MORE THAN 20 YEARS, THE ANNA-MARIA AND STEPHEN M. KELLEN FELLOWSHIPS HAVE PROVIDED YOUNG BERLIN-BASED JOURNALISTS THE OPPORTUNITY TO TRAVEL TO THE UNITED STATES TO EXPLORE CURRENT TRENDS IN TRANSATLANTIC RELATIONS. IN ADDITION TO EVENTS AND ACTIVITIES, THE ACG ENGAGES IN OUTREACH TO ITS MEMBERS AND THE COMMUNITY AT LARGE THROUGH TRADITIONAL AND NEW MEDIA TO KEEP THEM INFORMED ABOUT THE MYRIAD OF ISSUES AFFECTING THE GERMAN-AMERICAN RELATIONSHIP AND TRANSATLANTIC AFFAIRS. IN ADDITION TO A SERIES OF PUBLICATIONS, THE ACG PRODUCES A WEEKLY COMPILATION OF OPINION PIECES AND ANALYSIS AS WELL AS A MONTHLY NEWSLETTER. 44048 32000 1122 1931174 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 7 1 0 1 GM 0 0 0 1 1 0 0 0 0 0 0 X 41 40 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 NY X X KAREN FUREY AND CAREY & CO 2128263636 60 EAST 56TH STREET 10TH FLOOR NEW YORK NY 10022 JOHN B EMERSON VICE CHAIRMAN 1.00 X X 0 0 0 WILLIAM R HARMAN ESQ VICE CHAIRMAN 1.00 X X 0 0 0 PAUL STEWART ATKINS ESQ DIRECTOR 1.00 X X 0 0 0 DALE L PONIKVAR ESQ COUNSEL 1.00 X X 0 0 0 ANTHONY JR COOK DIRECTOR 1.00 X 0 0 0 REGINALD J BROWN DIRECTOR 1.00 X 0 0 0 MONU JOSEPH DIRECTOR 1.00 X 0 0 0 ANTHONY CASCIANO DIRECTOR 1.00 X 0 0 0 ANNE E COHEN ESQ DIRECTOR 1.00 X 0 0 0 DAVID W DETJEN DIRECTOR 1.00 X 0 0 0 FRANCES A DEVLIN DIRECTOR 1.00 X 0 0 0 RICHARD W FISHER DIRECTOR 1.00 X 0 0 0 ALAN H FLEISCHMANN DIRECTOR 1.00 X 0 0 0 ANDREW GUNDLACH DIRECTOR 1.00 X 0 0 0 LUDWIG WILLISCH DIRECTOR 1.00 X 0 0 0 DR ANDRE KELLENERS DIRECTOR 1.00 X 0 0 0 ANNA SCHNEIDER DIRECTOR 1.00 X 0 0 0 DR HENRY A KISSINGER DIRECTOR 1.00 X 0 0 0 DR CHARLES A KUPCHAN DIRECTOR 1.00 X 0 0 0 DR JOHN LIPSKY DIRECTOR 1.00 X 0 0 0 DR ALAN S MACDONALD DIRECTOR 1.00 X 0 0 0 EDWARD S MCFADDEN DIRECTOR 1.00 X 0 0 0 JOSEPH MCLAUGHLIN DIRECTOR 1.00 X 0 0 0 FRANKLIN W MADDUX DIRECTOR 1.00 X 0 0 0 CASSIDY MORGAN DIRECTOR 1.00 X 0 0 0 TAMMY S MURPHY DIRECTOR 1.00 X 0 0 0 ELKE REHBOCK DIRECTOR 1.00 X 0 0 0 CHRISTIANA RILEY DIRECTOR 1.00 X 0 0 0 MARKUS REINISCH DIRECTOR 1.00 X 0 0 0 CHRISTOPHER M SCHROEDER DIRECTOR 1.00 X 0 0 0 MICHAEL KOLZ DIRECTOR 1.00 X 0 0 0 JULIE LINN TEIGLAND DIRECTOR 1.00 X 0 0 0 BRIAN K KLEIN DIRECTOR 1.00 X 0 0 0 MICHAEL HEINZ DIRECTOR 1.00 X 0 0 0 PIERO BONADEO DIRECTOR 1.00 X 0 0 0 TARA HARIHARAN DIRECTOR 1.00 X 0 0 0 CHRISTOP HEUSGEN DIRECTOR 1.00 X 0 0 0 FERDINAND G JAHNEL DIRECTOR 1.00 X 0 0 0 LAUREN K DAY DIRECTOR 1.00 X 0 0 0 STANFORD S WARSHAWSKY DIRECTOR 1.00 X 0 0 0 STEVEN E SOKOL PRESIDENT 40.00 X X 350000 0 53821 KAREN FUREY VICE PRESIDENT 40.00 X 158000 0 27125 ROBERT L FENSTERMACHER CHIEF CONTENT OFFICER 40.00 X 157000 0 27100 MICHELE R STEINBUCH EXECUTIVE VICE PRESIDENT 40.00 X 133449 0 16089 ROBIN CAMMAROTA PROGRAM DIRECTOR 40.00 X 102500 0 9333 900949 0 133468 5 0 1 0 0 364760 947390 1312150 PUBLIC POLICY DICSUSSIONS 77239 77239 77239 293140 293140 3302808 3087833 214975 214975 214975 MISCELLANEOUS REVENUE 2978 2978 2978 1900482 0 0 588332 6000 6000 26000 26000 665001 570038 52070 42893 326686 280050 25610 21026 38765 33230 3035 2500 93770 80380 7342 6048 63490 54424 4971 4095 49249 49249 79103 79103 69127 29334 19793 20000 20372 17462 1598 1312 43975 37696 3444 2835 239195 205041 18735 15419 354001 343510 5773 4718 18751 16074 1468 1209 11400 9772 893 735 PUBLIC POLICY PROGRAM 213674 213674 MISCELLANEOUS 8446 7240 661 545 DUES AND SUBSCRIPTIONS 2399 155 834 1410 POSTAGE AND SHIPPING 2207 1094 44 1069 2331611 1931174 274623 125814 835405 578942 545907 365703 276334 106541 33922 68139 218508 36323 4460 182185 12301323 14137643 94918 1980474 14092269 17419627 318417 156637 28235 17933 0 267897 0 2031016 346652 2473483 X 13432750 14656477 312867 289667 13745617 14946144 14092269 17419627 X -431129 1621680 9976 X 0 1 X 1 0 X 1556302 1246109 1915870 2147947 1312150 8178378 1556302 1246109 1915870 2147947 1312150 8178378 195316 7983062 299361 99509 53054 365634 293140 1110698 2978 2978 9292054 362417 0.85910 0.85710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 81169 6048 75121 137339 30275 107064 182185 SECURITY DEPOSIT 58944 OPERATING LEASE RIGHT OF USE ASSET 1921530 1980474 OPERATING LEASE LIABILITY 2031016 2031016 X 3453035 1621680 9976 1631656 1821379 79103 79103 1900482 2252508 0 2252508 79103 79103 2331611 PART X, LINE 2: ACG DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY MATERIAL, UNCERTAIN TAX POSITIONS. TAX FILINGS FOR PERIODS ENDING DECEMBER 31, 2020 AND LATER ARE SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: GAIN ON CURRENY EXCHANGE 9,976. 0 EUROPE GRANTMAKING FELLOWSHIPS 26000 0 0 0 0 0 0 26000 0 26000 FELLOWSHIPS FELLOWSHIPS 15 26000 CHECK/WT 0 0 0 0 0 0 PART I, LINE 2: THE ACG AWARDS FELLOWSHIPS AND ORGANIZES LEADERSHIP MISSIONS WHICH ARE DESIGNED TO ENABLE GERMAN AND AMERICAN PROFESSIONALS TO TRAVEL ACROSS THE ATLANTIC TO MEET WITH THEIR COUNTERPARTS TO EXCHANGE BEST PRACTICES AND TO COLLABORATE ON FINDING SOLUTIONS TO COMMON CHALLENGES. PART I, LINE 3: IN A NORMAL YEAR, ROUGHLY 40 GERMANS TRAVEL TO THE UNITED STATES EACH YEAR UNDER THE AUSPICES OF THE ACG'S FELLOWSHIP PROGRAMS AND LEADERSHIP MISSIONS. THEY MEET WITH PROFESSIONAL COUNTERPARTS, CONDUCT RESEARCH, AND OBSERVE BEST PRACTICES, GAINING A DEEPER UNDERSTANDING ABOUT HOW COMMON ISSUES ARE ADDRESSED ON THE OTHER SIDE OF THE ATLANTIC AND FORGING LASTING CONNECTIONS WITH THEIR COUNTERPARTS AND ALUMNI. 1 FELLOWSHIPS 1 6000 PART I, LINE 2: FOR EACH OF OUR PROGRAMS, WE HAVE AN APPLICATION PROCESS AND A SELECTION COMMITTEE. FELLOWS HAVE TO SUBMIT A DETAILED ITINERARY FOR THEIR FELLOWSHIP BEFORE THEY GET THE INITIAL PAYMENT. $1000 IS WITHHELD UNTIL THEY SUBMIT THEIR FINAL REPORT. X X X X X 0 0 0 0 0 0 0 0 0 STEVEN E SOKOL PRESIDENT 350000 0 0 0 0 0 53571 0 250 0 403821 0 0 0 KAREN FUREY VICE PRESIDENT 158000 0 0 0 0 0 27000 0 125 0 185125 0 0 0 ROBERT L FENSTERMACHER CHIEF CONTENT OFFICER 157000 0 0 0 0 0 27000 0 100 0 184100 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 INDIVIDUAL MEMBERS OF THE ACG ARE ENTITLED TO ELECT BOARD MEMBERS AT THE ANNUAL MEETING OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A INDIVIDUAL MEMBERS OF THE ACG ARE ENTITLED TO ELECT BOARD MEMBERS AT THE ANNUAL MEETING OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWED A DRAFT OF THE FORM 990 WITH THE AUDIT/FINANCE COMMITTEE AND PROVIDED EDITS TO THE TAX PREPARER. AFTER THIS PROCESS WAS PERFORMED, THE FORM 990 WAS SENT TO THE FULL BOARD OF DIRECTORS PRIOR TO BEING FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A BOARD-APPROVED CONFLICTS OF INTEREST POLICY. BOARD MEMBERS MUST FILL OUT ANNUAL DECLARATIONS STATING THEY HAD NO CONFLICTS OR IDENTIFYING THE NATURE OF THEIR INTERESTED PARTY TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15 THE ACG CONDUCTS AN ANNUAL REVIEW WITH ALL EMPLOYEES AND THE PRESIDENT MAKES RECOMMENDATIONS TO THE EXECUTIVE COMMITTEE FOR RAISES AND BONUSES. THE EXECUTIVE COMMITTEE AND THE FULL BOARD APPROVE THE ANNUAL BUDGET - WHICH INCLUDES RAISES AND/OR BONUSES. THE BOARD CHAIR AND THE VICE CHAIR AND TREASURER CONDUCT AN ANNUAL REVIEW AND EVALUATION OF THE PRESIDENT'S PERFORMANCE. THIS ASSESSMENT IS DISCUSSED WITH THE EXECUTIVE COMMITTEE. THE VICE CHAIR AND TREASURER CONDUCTS AN ASSESSMENT OF COMPARATIVE SALARIES. THE EXECUTIVE COMMITTEE AND THE FULL BOARD APPROVE THE ANNUAL BUDGET - WHICH INCLUDES RAISES AND/OR BONUSES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATIONS GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: GAIN ON CURRENCY EXCHANGE 9,976.