2024-11-15T17:34:55-06:00 2023-12-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2023-01-01 134962540 AMERICAN INSTITUTE OF MARINE UNDERWRITERS AMER 2122330550 14 WALL STREET NEW YORK NY 100052101 JOHN MIKLUS PRESIDENT 2122330550 2024-11-15 1 1 EVA MRUK P00543254 2122862600 2024-11-15 2023 2024-10-15 13:58:12Z JOHN MIKLUS 14 WALL STREET NEW YORK NY 100052101 1426055 0 X WWW.AIMU.ORG X 1898 NY TO GATHER & DISSEMINATE INFORMATION REGARDING OCEAN MARINE INSURANCE TO ITS MEMBERS AND OTHER CONCERNED PARTIES AS WELL AS TO FOSTER GOOD RELATIONS AMONG MEMBERS AND PROTECT THEIR INTERESTS AND VIEWS. 40 40 3 294 0 0 0 0 2406146 1193404 221 29391 196576 203260 2602943 1426055 2250 5250 0 0 621757 697857 0 0 0 1770098 1032845 2394105 1735952 208838 -309897 1478051 1168154 0 0 1478051 1168154 X THE AMERICAN INSTITUTE OF MARINE UNDERWRITERS ("AIMU") HAS OVER 100 YEARS OF SERVICE AS THE TRADE ASSOCIATION REPRESENTING THE UNITED STATES OCEAN MARINE INSURANCE INDUSTRY AS AN ADVOCATE, EDUCATOR AND INFORMATION CENTER. AIMU PROVIDES AN ACTIVE PROGRAM OF SUPPORT SERVICES TO ASSIST THE U.S. MARINE INSURANCE INDUSTRY IN PROVIDING ITS GLOBAL CUSTOMERS WITH A LEVEL OF PERFORMANCE UNSURPASSED IN THE WORLD. ITS WORLDWIDE NETWORK OF SURVEYORS (CORRESPONDENTS) AIDS ITS MEMBERS IN HANDLING CLAIMS WITH SPEED AND EFFICIENCY. AIMU PUBLISHES A WEEKLY BULLETIN, WHICH PROVIDES ITS MEMBERS WITH CURRENT INFORMATION ON MARITIME MATTERS, MEDIA REPORTS, LEGISLATION AND COURT DECISIONS. THROUGH ITS EDUCATIONAL PROGRAMS, AIMU FOSTERS THE HIGHEST STANDARDS OF PROFESSIONALISM, STIMULATES CREATIVITY AND INNOVATION AND ENHANCES THE INDUSTRY'S TRADITIONAL COMMITMENT TO SERVICE. 0 0 AIMU GATHERS AND DISSEMINATES INFORMATION REGARDING OCEAN MARINE INSURANCE TO ITS MEMBERS WHILE PROMOTING, PROTECTING, AND ADVANCING THEIR VIEWS AND INTERESTS THROUGH COMMITTEE WORK. AIMU PROVIDES A FORUM FOR DISCUSSION AND DISSEMINATION OF SPECIFIC MATTERS OF MUTUAL INTEREST.THREE LARGEST AIMU EVENTS IN 2023:MARINE INSURANCE ISSUES SEMINAR - MAY 10:NUMBER OF ATTENDEES: 155. THIS ANNUAL ONE-DAY SEMINAR INCLUDES PRESENTATIONS ON TOPICS RELEVANT TO THE MARINE INSURANCE INDUSTRY. IT HAS EDUCATIONAL VALUE AS WELL AS NETWORKING OPPORTUNITY FOR AIMU MEMBERS AND WAS HELD AT 180 MAIDEN LANE IN NEW YORK CITY.AIMU ANNUAL DINNER - NOVEMBER 1:NUMBER OF ATTENDEES: 585. AIMU MEMBERS CELEBRATED THE AIMU 125TH ANNIVERSARY WITH A GALA DINNER EVENT HELD AT PIER SIXTY IN NEW YORK CITY, PRECEDED BY AN ANNUAL GENERAL MEETING THAT SAME MORNING HELD AT THE YALE CLUB OF NY ATTENDED BY JUST OVER 100 MEMBERS. THE ANNUAL DINNER IS MORE OF A SOCIAL AND NETWORKING EVENT, WHILE THE ANNUAL GENERAL MEETING IS A RECAP AND LOOK FORWARD ON THE ACTIVITIES OF AIMU DURING THE YEAR.AIMU MARINE INSURANCE DAY SEMINAR - OCTOBER 5:NUMBER OF ATTENDEES: 125. THIS ANNUAL ONE-DAY FALL SEMINAR INCLUDES PRESENTATIONS ON VARIOUS TOPICS RELEVANT TO THE MARINE INSURANCE INDUSTRY. IT HAS EDUCATIONAL VALUE AS WELL AS PROVIDING A NETWORKING OPPORTUNITY FOR AIMU MEMBERS, AND WAS HELD AT BARUCH COLLEGE IN NEW YORK CITY. AIMU HOLDS COURSES, SEMINARS, LECTURE SERIES, AUTHORS TECHNICAL PAPERS AND MAY OCCASIONALLY INVITE GUEST INSTRUCTORS FOR A WIDE RANGE OF MARINE INSURANCE RELATED TOPICS SUCH AS GENERAL OCEAN MARINE INSURANCE, CARGO INSURANCE, PROTECTION & INDEMNITY AND MARINE LIABILITY INSURANCE, YACHT INSURANCE, HULL INSURANCE, OFFSHORE ENERGY INSURANCE, AND OCEAN MARINE CLAIMS. AIMU RUNS A COMMUNICATIONS PROGRAM WHICH PROVIDES AND DISTRIBUTES PUBLICATIONS INCLUDING A WEEKLY BULLETIN. AIMU ALSO GENERATES AN ANNUAL REPORT ON OPERATING RESULTS AND STATISTICS BY LINE OF BUSINESS. ADDITIONALLY, THROUGH ARTICLES, SPEECHES, INTERVIEWS AND PRESS RELEASES, AIMU RESPONDS PUBLICLY TO MARINE INSURANCE RELATED ISSUES. OTHER PROGRAM SERVICES INCLUDE:- CONFERENCES - AIMU ORGANIZES CONFERENCES WHERE MEMBERS CAN DISCUSS CURRENT MARINE MARITIME DEVELOPMENTS AND ISSUES.- CORRESPONDENTS - AIMU MAINTAINS AND MONITORS A WORLDWIDE NETWORK OF CARGO SURVEYORS, WHO SOMETIMES ACT AS CLAIMS SETTLING AGENTS.- FORMS AND CLAUSES - AIMU DRAFTS FORMS AND CLAUSES WHICH MAY BE USED ON A VOLUNTARY BASIS BY MARINE INSURERS.- IUMI - AIMU ADMINISTERS RELATIONS AND IS AN ACTIVE MEMBER OF IUMI, WHICH ALSO INCLUDES PARTICIPATION AT THE ANNUAL CONFERENCE.- LEGAL OPINIONS - AIMU PROVIDES ACCESS TO LEGAL OPINIONS ON COURT DECISIONS AND REGULATIONS THAT IMPACT THE MARINE INSURANCE INDUSTRY. - LEGISLATION - AIMU MONITORS, REPORTS AND ACTS UPON FEDERAL, STATE AND INTERNATIONAL LEGISLATION AND REGULATIONS IMPACTING MARINE INSURANCE.- INDUSTRY RELATIONS - AIMU MAINTAINS AND FOSTERS RELATIONSHIPS WITH OTHER MARINE INDUSTRY GROUPS INCLUDING IMUA, MLA, ASSOC OF AVERAGE ADJUSTERS, MICA, U.S. COAST GUARD, AND MARAD.- RECOGNITION - AIMU AWARDS ANNUALLY THE CONTRIBUTIONS OF ITS MEMBERS AND OTHER FROM THE MARINE INSURANCE WORLD. 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 3 1 0 0 0 0 0 0 0 0 X 40 40 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 0 0 0 1 0 0 X ELVIRA RODIN OFFICE MANAGER 2122330550 14 WALL STREET NEW YORK NY 10005 TONY COWIE CHAIR 2.00 X X 0 0 0 SEAN DALTON VICE CHAIR 2.00 X X 0 0 0 KAREN GRISWOLD DIRECTOR OF FINANCES 2.00 X X 0 0 0 MICHAEL NUKK DIRECTOR (THRU OCT 2023) 0.50 X 0 0 0 JOHN BARNWELL DIRECTOR 0.50 X 0 0 0 RICH SOJA DIRECTOR 0.50 X 0 0 0 MICHAEL SAPIENZA DIRECTOR 0.50 X 0 0 0 DENNIS LEWIS DIRECTOR 0.50 X 0 0 0 THOMAS NASSO DIRECTOR (THRU DEC 2023) 0.50 X 0 0 0 LOU GEHRIG DIRECTOR 0.50 X 0 0 0 STEPHEN BIDWELL DIRECTOR 0.50 X 0 0 0 ANNE MARIE ELDER DIRECTOR 0.50 X 0 0 0 ROBERT COPP DIRECTOR 0.50 X 0 0 0 STEVE VIVIAN DIRECTOR 0.50 X 0 0 0 BRIAN MURPHY DIRECTOR 0.50 X 0 0 0 KRISTEN HUNTER DIRECTOR 0.50 X 0 0 0 ERIC TIMM DIRECTOR 0.50 X 0 0 0 RYAN CHEFALAS DIRECTOR 0.50 X 0 0 0 DREW A FELDMAN DIRECTOR 0.50 X 0 0 0 CURT BROWDER DIRECTOR 0.50 X 0 0 0 WESLEY ZELIFF DIRECTOR 0.50 X 0 0 0 MICHAEL PAOLILLO DIRECTOR 0.50 X 0 0 0 MICHAEL PELLERIN DIRECTOR (THRU JAN 2023) 0.50 X 0 0 0 ROY HORNBECK DIRECTOR 0.50 X 0 0 0 MICHAEL CSORBA DIRECTOR 0.50 X 0 0 0 TONY PLUTINO DIRECTOR 0.50 X 0 0 0 EDWIN BALDWIN DIRECTOR 0.50 X 0 0 0 ROBERT KERSHIS DIRECTOR 0.50 X 0 0 0 VERONICA LOPEZ DIRECTOR 0.50 X 0 0 0 SCOTT JOHNSON DIRECTOR 0.50 X 0 0 0 MICHAEL KEELY DIRECTOR 0.50 X 0 0 0 JEFFREY KAUFMANN DIRECTOR 0.50 X 0 0 0 ANDREW SHAW DIRECTOR (THRU JUN 2023) 0.50 X 0 0 0 MAURICE L LEE DIRECTOR 0.50 X 0 0 0 SEAN DOLLAHON DIRECTOR 0.50 X 0 0 0 ROBERT J SCHAUER DIRECTOR 0.50 X 0 0 0 DAVID CALLAGHAN DIRECTOR 0.50 X 0 0 0 JAMES THIELEBEULE DIRECTOR 0.50 X 0 0 0 BILL LANG DIRECTOR 0.50 X 0 0 0 ANDREA WILLI DIRECTOR 0.50 X 0 0 0 SCOTT BEEBE DIRECTOR 0.50 X 0 0 0 RALPH SALCE DIRECTOR 0.50 X 0 0 0 JUDY COOKE DIRECTOR 0.50 X 0 0 0 JAMIE NAWOJCHIK DIRECTOR 0.50 X 0 0 0 JOHN MIKLUS PRESIDENT 40.00 X 274622 0 55307 EILEEN MONREALE EDUCATION SPECIALIST 40.00 X 133863 0 11714 ELVIRA RODIN OFFICE MANAGER 40.00 X 107700 0 7701 516185 0 74722 3 0 1 0 PIER SIXTY LLC PIER 60 CHELSEA PIERS NEW YORK NY 10011 EVENT SERVICES 194089 WIGGIN AND DANA LLP 265 CHURCH STREET NEW HAVEN CT 06510 LEGAL SERVICES 150000 2 ASSESSMENTS 611430 506998 506998 MEMBERSHIP DUES 611430 249500 249500 ANNUAL MEETING & DINNE 611430 199820 199820 SEMINAR & EDUCATION FE 611430 182946 182946 CORRESPONDENT'S FEES 611430 51350 51350 2790 2790 1193404 29391 29391 IMUA SHARED SERVICES 900099 193778 193778 MISCELLANEOUS 900099 9482 9482 203260 1426055 1193404 0 232651 1500 3750 329929 236480 91965 6077 33406 166475 23780 19478 25000 27989 9410 204486 40705 260734 13728 19604 IUMI CONFERENCE EXPENSE 136258 SEMINAR EXPENSE 81489 DUES/MEMBERSHIP FEES 2216 MISCELLANEOUS 1493 1735952 398888 75608 1053944 1081055 172473 160982 25219 11491 1478051 1168154 0 0 X 1478051 1168154 1478051 1168154 1478051 1168154 -309897 0 X X 0 1 X 1 0 0 1 0 122237 115067 7170 50236 45915 4321 11491 X 1426055 0 1426055 0 1426055 1735952 0 1735952 0 1735952 PART X, LINE 2: AIMU RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE AIMU HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. AIMU IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR THE PERIODS PRIOR TO DECEMBER 31, 2020. X X 0 0 0 JOHN MIKLUS PRESIDENT 249622 0 25000 0 0 0 15000 0 40307 0 329929 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THERE ARE FOUR MEMBERSHIP CLASSIFICATIONS WITHIN THE AMERICAN INSTITUTE OF MARINE UNDERWRITERS ("AIMU"). THE FOUR TYPES ARE CORPORATE, HONORARY, ASSOCIATE, AND SUBSCRIBER MEMBERSHIPS. CORPORATE MEMBERSHIPS SHALL BE COMPRISED OF INSURANCE CORPORATIONS MEETING THE QUALIFICATIONS STATED IN ARTICLE II OF THE AIMU BY-LAWS, WHO ARE DULY AUTHORIZED BY THEIR CHARTER OR ARTICLES OF ASSOCIATION TO WRITE MARINE INSURANCE OR REINSURANCE AND EXISTING UNDER THE LAWS OF ANY STATE OF THE UNITED STATES OR, IF ORGANIZED IN A FOREIGN COUNTRY, DULY ADMITTED TO TRANSACT BUSINESS IN ANY STATE OF THE UNITED STATES. A CORPORATE CANDIDATE FOR MEMBERSHIP SHALL POSSESS STRENGTH AND STABILITY WHICH IN THE JUDGEMENT OF THE BOARD OF DIRECTORS IS ADEQUATE TO QUALIFY FOR MEMBERSHIP. SUCH CANDIDATES SHALL HAVE PERMANENTLY ESTABLISHED A QUALIFIED MANAGEMENT AND SHALL HAVE A PORTFOLIO OF MARINE BUSINESS OR SHALL BE PART OF AN ESTABLISHED MANAGEMENT ORGANIZATION WHICH HAS A PORTFOLIO OF MARINE BUSINESS AND SHALL HAVE ASSIGNED TO IT A BEST'S RATING AND SHALL HAVE WRITTEN MARINE BUSINESS FOR THREE YEARS. HONORARY MEMBERS ARE ELECTED FROM THE BOARD OF DIRECTORS FROM TIME TO TIME AND MAY BE ANY INDIVIDUAL, CORPORATION, COMPANY, ASSOCIATION OR INSTITUTE INCORPORATED OR ASSOCIATED IN THE INTEREST OF MARINE UNDERWRITERS. ASSOCIATE MEMBERS SHALL BE COMPRISED OF ORGANIZATIONS WHICH CANNOT MEET THE REQUIREMENTS FOR CORPORATE MEMBERSHIP, BUT ARE INVOLVED IN SOME ASPECT OF INTERNATIONAL TRANSPORTATION OR TRADE. SUBSCRIBER MEMBERS SHALL BE COMPRISED OF THOSE CORPORATIONS MEETING ALL OF THE REQUIREMENTS OF CORPORATE MEMBERS (ARTICLES IA AND II OF THE AIMU BY-LAWS), EXCEPT THAT SUBSCRIBER MEMBERS SHALL HAVE NO BEST'S RATING OR SHALL NOT HAVE WRITTEN MARINE BUSINESS FOR THE REQUIRED THREE YEARS. FORM 990, PART VI, SECTION A, LINE 7A EVERY TWO YEARS AT THE ANNUAL MEETING OF THE BOARD OF DIRECTORS, THERE SHALL BE ELECTED A CHAIRMAN OF THE BOARD OF DIRECTORS, A VICE CHAIRMAN OF THE BOARD OF DIRECTORS, AND A DIRECTOR OF FINANCES (TREASURER). EACH CORPORATE MEMBER OR GROUP OF CORPORATE MEMBERS IN A COMMON AGENCY SHALL BE ENTITLED TO NAME AN INDIVIDUAL TO SERVE ON THE BOARD OF DIRECTORS, AND AN ALTERNATIVE TO THE NAMED INDIVIDUAL. BOTH ASSOCIATE AND SUBSCRIBER MEMBERS SHALL BE ENTITLED TO CERTAIN RIGHTS AND BENEFITS AS DETERMINED BY THE BOARD OF DIRECTORS FROM TIME TO TIME, HOWEVER, NEITHER ASSOCIATE NOR SUBSCRIBER MEMBERS SHALL HAVE THE RIGHT TO VOTE AT AN ANNUAL OR SPECIAL MEETING OF THE MEMBERS, TO PROPOSE CORPORATE OR INDIVIDUAL MEMBERS OR TO HOLD ANY OFFICE. FORM 990, PART VI, SECTION A, LINE 7B APPROVAL OF ANY AMENDMENT OF THE MEMORANDUM OF ASSOCIATION OR OF THE BY-LAWS SHALL REQUIRE AN AFFIRMATIVE VOTE OF AT LEAST 50% OF THE CORPORATE MEMBERS. ALL MOTIONS FOR ALTERATIONS OR AMENDMENTS OF THE MEMORANDUM OF ASSOCIATION OR OF THE BY-LAWS MUST BE SUBMITTED IN WRITING TO THE PRESIDENT AND CAN ONLY BE ACTED UPON AT A STATED, ANNUAL OR SPECIAL MEETING OF THE BOARD OF DIRECTORS. A COPY OF THE PROPOSED ALTERATIONS OR AMENDMENTS SHALL BE FURNISHED TO EACH CORPORATE MEMBER AT LEAST TWENTY-ONE DAYS BEFORE SUCH STATED, ANNUAL OR SPECIAL MEETING, BUT THESE RESTRICTIONS SHALL NOT APPLY TO THE AMENDMENT OF A PROPOSED AMENDMENT WHEN BEING ACTED UPON BY THE AMERICAN INSTITUTE OF MARINE UNDERWRITERS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM. IT IS THEN REVIEWED BY THE PRESIDENT AND A COMPLETE COPY IS PROVIDED TO ALL MEMBERS OF THE ORGANIZATION'S GOVERNING BODY FOR THEIR REVIEW AFTER THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12 THE CONFLICT OF INTEREST POLICY APPLIES TO ALL AIMU DIRECTORS, OFFICERS, AND KEY EMPLOYEES. EACH PERSON HAS A DUTY TO DISCLOSE A POTENTIAL CONFLICT OF INTEREST AND TO PRESENT ALL RELATED FACTS TO THE AIMU FINANCE COMMITTEE. THIS DISCLOSURE BECOMES A MATTER OF RECORD WITHIN THE AIMU DOCUMENTS. THE CHAIR OF THE FINANCE COMMITTEE REVIEWS ALL POTENTIAL CONFLICTS, AND ORGANIZES A MEETING OF THE BOARD OR BOARD COMMITTEE TO REVIEW ALL FACTS AND CIRCUMSTANCES RELATED TO THE POTENTIAL CONFLICT OF INTEREST. THE INDIVIDUAL WITH THE POTENTIAL CONFLICT LEAVES THE MEETING DURING THE DISCUSSION, AND IS NOT PRESENT DURING THE VOTING AND DECISION-MAKING RELATED TO THE POTENTIAL CONFLICT. THE BOARD OR BOARD COMMITTEE MAY APPOINT A DISINTERESTED THIRD PARTY OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION THAT MAY INVOLVE A CONFLICT OF INTEREST. THE BOARD OR BOARD COMMITTEE WILL CONSIDER ALL INFORMATION PRESENTED AND DECIDE BY MAJORITY VOTE TO APPROVE THE TRANSACTION IN DELIBERATION OR TO APPROVE AN ALTERNATIVE THAT DOES NOT PRESENT A CONFLICT OF INTEREST. THE MINUTES OF THE BOARD OR BOARD COMMITTEE CONTAIN THE NAMES OF THE INDIVIDUAL WITH THE DISCLOSURE, THE NATURE OF THE CONFLICT, AND THE DECISION AS TO WHETHER A CONFLICT OF INTEREST EXISTED. THE MINUTES ALSO CONTAIN THE NAMES OF ALL PERSONS PRESENT FOR THE DELIBERATIONS, VOTING AND DECISION RELATING TO THE POTENTIAL CONFLICT, ALL ALTERNATIVES TO THE TRANSACTION CONSIDERED, AND ALSO NOTES WHEN THE INDIVIDUAL WITH THE POTENTIAL CONFLICT WAS PRESENT AT THE MEETING. FAILURE TO DISCLOSE A POTENTIAL CONFLICT OF INTEREST, POST ADDED INVESTIGATION BY THE BOARD, WILL RESULT IN APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION BY THE BOARD. ON THE 30TH OF NOVEMBER AND ANNUALLY THEREAFTER, AND UPON INITIAL APPOINTMENT, ELECTION OR EMPLOYMENT, EACH COVERED PERSON WILL COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM THAT IS SUBMITTED TO THE PRESIDENT OF AIMU AND REVIEWED BY THE FINANCE COMMITTEE OF THE BOARD. THE DISCLOSURE FORMS ARE RETAINED WITHIN THE AIMU BOOKS AND RECORDS. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT'S SALARY IS REVIEWED ANNUALLY BY THE AIMU OFFICERS IN CONCERT WITH THE PRESENTATION AND APPROVAL OF THE ANNUAL BUDGET. A SALARY RANGE FOR THE PRESIDENT IS DETERMINED BASED ON A REVIEW OF THE APPROXIMATE RANGE OF SALARY FOR INSURANCE PROFESSIONALS OPERATING WITH SIMILAR SIZED STAFF, BUDGETS AND PERFORMANCE GOALS. AS WITH ALL BOARD MEETINGS, MINUTES WERE TAKEN TO DOCUMENT THE FINANCIAL DISCUSSIONS, AND A LIST OF ALL ATTENDEES PRESENT FOR THE COMPENSATION DISCUSSIONS IS SHOWN IN THE BOARD MINUTES. AN ANNUAL REVIEW OF COMPENSATION FOR ALL AIMU EMPLOYEES IS ALSO APPROVED BY THE CHAIRMAN AND REMAINING OFFICERS IN CONJUNCTION WITH THEIR REVIEW OF THE ANNUAL BUDGET. THE LAST PERFORMANCE REVIEW FOR THE PRESIDENT WAS CONDUCTED AND COMMUNICATED IN DECEMBER 2023. FORM 990, PART VI, SECTION C, LINE 19 THE AMERICAN INSTITUTE OF MARINE UNDERWRITERS MAKES AVAILABLE ITS FORM 990 UPON REQUEST. A SUMMARY OF AIMU FINANCIAL STATEMENTS INCLUDING THE ANNUAL REPORT, CONFLICT OF INTEREST POLICY, AND GOVERNING DOCUMENTS ARE ALSO AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 1: THE ORGANIZATION USES THE MODIFIED CASH BASIS OF ACCOUNTING. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS A FINANCE COMMITTEE, REPORTING TO THE DIRECTOR OF FINANCES (TREASURER) OF THE BOARD OF DIRECTORS. THIS COMMITTEE IS RESPONSIBLE FOR REVIEWING AND RECOMMENDING OUTSIDE AUDITORS FOR THE ORGANIZATION, AND OVERSIGHT OF THE AUDIT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.