2020-07-27T12:19:59-07:00 2019-12-31 990 2019-01-01 611532062 AMERICAN ACADEMY OF NEUROLOGY AMER 6129286100 201 Chicago Avenue Minneapolis MN 55415 Timothy Engel CFO 6129286100 2020-07-27 47.12.20.228 2019 2020-09-23 17:36:50Z Mary Post 201 Chicago Avenue Minneapolis MN 55415 40166440 0 X www.aan.com X 2007 MN The American Academy of Neurology (AAN) exists for the benefit of its members, to do the things collectively that would be nearly if not completely impossible to do individually. No matter what stage our members are in their career, or what their role is within the field of neurology, our commitment to be indispensable to our members' professional lives is evident in what we do throughout the year. See Schedule O for additional information. 19 13 232 2530 824170 159773 0 5000 35638724 38448067 -690820 1639630 45877 57097 34993781 40149794 0 0 0 0 21536276 22399812 0 0 0 14065336 14769990 35601612 37169802 -607831 2979992 25567850 26791349 20356933 18600440 5210917 8190909 The Academy's mission is to promote the highest quality patient-centered neurologic care and enhance member career satisfaction. 0 0 MEMBERSHIP: This was another record year for AAN membership recruitment and retention. Neurologists and neuroscience professionals from around the world now make up more than 36,000 AAN members, and the Academy can claim to be home to nearly 93% percent of US neurologists. Successful year-over-year recruitment and retention of members is attributed to the AAN's ongoing commitment to grow the available resources for neurologists as well as the various members of a neurology care team no matter their practice setting, career stage, or geographic location. The AAN remains dedicated to serving the needs of our members around the globe. Members outside of the United States make up 21 percent of total membership and represent 141 countries. The AAN improved access to membership benefits in low and low-middle income countries in 2019.Neurologists prize their memberships with the AAN and the many valuable benefits of being associated with the organization, including lifelong education opportunities through the AAN Institute's Annual Meeting, Fall Conference, Sports Concussion Conference, a new Advanced Practice Providers Conference, a highly regarded portfolio of scientific journals and publications such as Neurology(R) and Continuum(R), and many multimedia programs and tools designed to help them meet their regulatory requirements, overcome challenges in practice management, and stay at the top of their skills. Many of these tools and resources are benefits of membership. The AAN applied 83 cents of every dollar to member benefits. The Advanced Practice Provider membership category saw continued record growth and interest, with more than 1,400 members in 2019. The category has grown significantly in recent years; in 2014, there were just 228 advanced practice provider members. The AAN had another strong year with 274 approved applications for new Fellow of the AAN status in 2019. Fellow status acknowledges exemplary work and achievements in the neurosciences, the clinical practice of neurology or academic administrative neurology, in the AAN, and in the community. Member engagement with the Neurology Career Center remains strong for both applications and job seeker profiles. Trackable applications are estimated to reach 5,830 in 2019, representing a 12-percent decrease over 2018 (when there were 6,670 applications). A smaller decrease was also seen in job seeker profiles. New profiles are projected to reach 845 in 2019, a slight dip from 2018 when there were 880 new job seeker profiles. In 2019, AAN.com saw an 18-percent growth in new visitors. During May 2019, we reached an all-time-high in traffic with 205,175 visitors. Mobile use of AAN.com has risen significantly in the past year to 45 percent, and Online Learning, Conferences, and Guidelines continue to be the most popular areas of the site. In 2019, the website went through several updates focused on improving the findability of content and the relevancy of personalized experiences for our members. The strength of SynapseSM Online Communities continues to grow. Wrapping up 2019, there were a total of 21,181 AAN members belonging to one or more of the 40 Synapse open or private communities. Synapse provides a platform for AAN section members to openly share special interest and subspecialty-related information and resources with colleagues. Recognizing the needs of our members in training, in June 2018, membership moved all student, intern, and junior members to an academic year membership, running July 1 through June 30. This included the launch of a new online system to seamlessly add and renew Junior members' membership, leading to a very successful first year with 83 percent of programs utilizing this new system. Following the inaugural year, the 2019-2020 academic year launched in May, sending notices to 264 programs to renew or join their interns and residents. For the 2019-2020 academic year, we had 214 programs initiate payment through the online system in 2019, compared to 217 programs for the 2018-2019 academic year. PUBLICATIONS: The publication of scientific, scholarly, and practice-related content is a vital part of the AAN's activities, and essential to the careers of our members. The AAN's publications also provide an opportunity to generate revenue that helps keep membership dues low. Founded in 1951, Neurology(R) is the official scientific journal of the AAN, and subscriptions are a benefit of membership. As the leading clinical neurology journal worldwide, Neurology is directed to physicians concerned with diseases and conditions of the brain and nervous system. José G. Merino, MD, MPhil, FAHA, FAAN, was selected to become editor-in-chief in April 2020. Major accomplishments this year include the launch of an infographics program with an infographic in each issue and launch of a special website "Equity, Diversity, and Inclusion." Neurology received 5,362 submissions in 2019; Resident & Fellow submissions increased from 773 in 2018 to 815 in 2019. The journal collaborated with the Center for Biomedical Research Transparency to publish a special Neurology(R) Null Hypothesis issue. Neurology(R) Podcasts moved to a new robust platform and pioneered daily newscasts for voice-activated devices. International editions of the publication include those in Argentina, Japan, and India. The full texts of all papers in Neurology(R) Clinical Practice except those under a year old are now available free in PubMed. The feature 'Practice Current-An Interactive Exchange on Controversial Topics' continues to be popular, garnering responses from more than 100 countries. The journal posts an infographic in each issue and published an interactive infographic featuring Practice Current. A special issue, Spotlight on Headache, was published in June. Neurology(R) Genetics, a free open access journal, continued to publish new papers, which are searchable in PubMed. The journal regularly publishes the abstracts for the Proceedings of the International Stroke Genetics Consortium Workshops. The journal has been accepted for inclusion in Science Citation Index Expanded (SCIE) and will receive an impact factor in 2020. Neurology(R) Neuroimmunology and Neuroinflammation, a free open access journal, continued to publish new papers, which are searchable in PubMed. The journal received its first impact factor, 7.353, in June 2019. It was accepted for inclusion in MEDLINE, the National Library of Medicine indexing service, in July. MEDLINE citations are indexed with NLM Medical Subject Headings (MeSH) within a few weeks of publication. Paid member circulation for Continuum(R) grew to 7,980-an increase of 4.4 percent over 2018. The publication's presence on social media grew to 9,131 followers. Continuum received three FOLIO Ozzie Awards in the categories of Cover Design, Overall Design Excellence, and Redesign. The FOLIO Ozzie Awards "recognize excellence in gorgeous design across all sectors of the publishing industry." Neurology Today(R) launched a redesigned website, featuring article comments and easier access to articles based on topics and sections. Website visits increased 8.6 percent over 2018. Neurology Today won a Clarion Award in the category Newspaper Feature Series for a series of six articles on physician burnout. Scientific meeting highlights from the AAN Annual Meeting and eight additional subspecialty meetings were covered by the e-news service At the Meetings. The AAN's patient and caregiver book series, Neurology NowTM Books, was rebranded Brain & Life(R) Books. AANnews(R), the official monthly member magazine of the Academy, is mailed to more than 28,000 US members and is posted online in the "About the AAN" area of AAN.com for international and US members to easily access. While promoting Academy events and resources in 2019, the magazine kept members informed of regulatory changes, federal legislation and advocacy opportunities, election of the new Board of Directors, and success stories of neurology advocates and AAN Leadership Program graduates. The AAN's award-winning patient and caregiver magazine, Brain & Life(R), and its companion website, BrainandLife.org, centralize all AAN patient education content in one location. A Spanish version, Brain & Life(R) en Español, published quarterly in 2019. Brain and Life(R) won an Award of Excellence in the 2019 APEX editorial awards competition in the Feature Writing category for its June/July 2018 cover feature on actor Courtney Vance, "Supporting Role." The magazine also received a FOLIO Eddie Award for the article "The Long Reach of Grief." TOOLS AND TRAINING: The AAN produced six practice management webinars, including a free webinar in December to prepare members for changes coming to E/M and EEG coding and other reimbursement issues in 2020. The AAN held its 17th annual Neurology on the Hill on February 26 in Washington, DC. Representing 48 states, 214 members participated in nearly 300 congressional visits. Advocates focused on FY20 research funding and Patient-Centered Outcomes Research Institute (PCORI) reauthorization, reforms to step therapy, and the importance of maintaining access to neurologists. More than 3 million social media impressions were generated on Twitter using #NOH19. Neurology off the Hill takes place over the August recess. This year, nearly 40 members participated in local events including clinic tours, district meetings, and fundraisers. Advocates discussed drug pricing challenges in neurology, research funding including the NIH and BRAIN Initiative, PCORI reauthorization, and the Safe Step Act, a bill to establish common-sense exceptions to step therapy in group health plans. The AAN's 17th annual Palatucci Advocacy Leadership Forum provided an intensive weekend of advocacy to a selected cadre of members. On September 24, 33 AAN members visited Capitol Hill as part of the inaugural AAN Legislative Summit. This new event is an additional opportunity for the Academy to influence members of Congress on current issues important to neurology, strengthening relationships that have been built at other advocacy events throughout the year. AAN members discussed the We PAID (Protect American Investment in Drugs) Act of 2019, a bipartisan bill to prohibit pharmaceutical companies from charging unreasonable prices for drugs when companies develop prescription drugs using federally funded research, such as NIH or CDC grants. They also urged their representatives to sign a congressional letter led by Reps. Blumenauer (D-OR), McMorris Rodgers (R-WA), Sewell (D-AL), and Wenstrup (R-OH) expressing concerns over the CMS proposal on reduced values of the new long-term video EEG monitoring codes. The final letter was sent to CMS with 68 signatures-including 18 as a direct result of AAN member congressional visits. The AAN had a strong year advancing its legislative priorities in Washington, DC. Some accomplishments include: In response to the proposed 2020 Medicare Physician Fee Schedule, the AAN submitted comments to the Centers for Medicare & Medicaid Services (CMS). The comments strongly opposed proposed payment cuts for long-term EEG monitoring services, supported substantial positive changes to evaluation and management (E/M) coding, and provided feedback on a number of proposals that would significantly impact the Merit-based Incentive Payment System (MIPS) program. The AAN's 41-page comment letter is one of the longest it has ever sent to CMS and it received coverage in national media outlets. This letter complemented the AAN's direct efforts with CMS, which included a September meeting at CMS headquarters to discuss the proposed rule's impact on neurologists and their patients. On November 1, CMS issued a final rule for the 2020 Medicare Physician Fee Schedule. The AAN, along with the National Association of Epilepsy Centers, American Clinical Neurophysiology Society, and American Epilepsy Society, spent several months actively advocating to maintain maximum reimbursement for these critical services. We pursued all means of objecting directly to CMS and to members of Congress, in person and through comment letters, regarding payment reductions to long-term EEG monitoring services. Our advocacy worked: CMS recognized its original proposal devalued the services and increased the rates for several of the professional component (physician work) codes. While pleased that we were able to slightly offset the cuts, we still are disappointed with the overall decreased reimbursement. These payment rates will be finalized for 2020, and the AAN is transitioning from fighting the cuts to ensuring members are educated on the coding changes and understand the financial impact for accurate budgeting. In a major victory for neurology, CMS will not collapse the payment levels for evaluation and management (E/M) visits and will instead implement revised office E/M documentation guidelines in 2021, as recommended by the AMA CPT Editorial Panel. The AAN estimates that the combined impact of the changes will result in an increase of approximately $150 million annually in Medicare payments to neurologists for E/M services starting in 2021, as compared to what was proposed in the 2019 Physician Fee Schedule. The revised guidelines maintain the existing five levels of coding for established patients and reduce the number of levels for new patients to four, by eliminating 99201. The AAN received a national award in recognition of the highly coordinated advocacy efforts that resulted in this significant win to preserve access to neurologic care. The AAN has a robust, year-round, regulatory advocacy program. The AAN's 2019 regulatory advocacy efforts focused on improving cognitive reimbursement, lowering the high cost of neurologic drugs, addressing administrative burdens including step therapy and prior authorization, improving electronic health record interoperability, and protecting access to neurologic care. The AAN met with CMS and other relevant agencies, submitted neurology-specific comment letters, and collaborated with stakeholders across the health care landscape on numerous sign-on letters to ensure that neurologists have a seat at the table throughout the rulemaking process. Additional 2019 accomplishments include FY 2020 appropriations and drug pricing. BrainPAC: Advocating for the profession of neurology and preserving access to care by patients is a core activity of the Academy. The Academy's political action committee, BrainPAC, is an effective tool to advance this mission by enabling access to get our message to lawmakers. It also helps level the playing field with other physician specialties that have PACs and compete for attention. Voluntary contributions by US members and staff are key to a successful PAC. 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 143 0 1 232 1 1 1 0 0 0 1 1 0 0 0 X 19 13 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X Timothy J Engel CPA 6129286100 201 Chicago Avenue Minneapolis MN 55415 Catherine M Rydell Executive Director 43 7 X 777124 0 37377 Jason Kopinski Deputy Executive Director, AAN 30 15 X 377368 0 52154 Christine E Phelps Deputy Executive Director, AANI 7 42 X 382712 0 44777 Bruce Levi Chief Legal and Strategy Officer 45 0 X 381130 0 44777 Timothy J Engel Chief Financial Officer 27 9 X 313491 0 41367 Angela Babb Chief Communications and Membership Officer 42 9 X 262540 0 46389 Christopher Becker Chief Business Innovation Officer 35 17 X 257978 0 39662 John Hutchins General Counsel 13 36 X 199923 0 44423 Deanna Ekholm Chief Human Resource Officer 44 2 X 198646 0 13965 Derek Brandt Director Congressional Affairs 44 0 X 170856 0 25118 Kristine Fridgen Deputy Chief, CESC 1 48 X 169511 0 23976 Daniel Spirn Senior Regulatory Counsel 42 2 X 168890 0 24335 Amy Kaloides Senior Director, Advocacy 42 3 X 152632 0 37287 James C Stevens MD FAAN President 1.0 1.0 X X 170149 600 0 Orly Avitzur MD MBA FAAN President Elect 2 2 X X 143124 0 0 Ralph L Sacco MD FAAN Past President 1.0 1.0 X X 63895 0 0 Ann H Tilton MD FAAN Vice President 1.5 1.5 X X 30000 700 0 Gregory D Cascino MD FAAN Director 1 0 X 23860 0 0 Nicholas E Johnson MD Director 3 0 X 3000 600 0 Brad C Klein MD MBA FAAN Director 2 0 X 0 2100 0 Brenda Banwell MD FAAN Director 1.5 1.5 X 0 1100 0 Robert A Gross MD PhD FAAN Director 1 1 X 500 300 0 Sarah M Benish MD FAAN Director 0.5 0.5 X 0 600 0 Janis Miyasaki MD MeD FAAN Treasurer 1 1 X X 0 0 0 Carlayne E Jackson MD FAAN Secretary 3 0 X X 0 0 0 Charlene Gamaldo MD FAAN Director 0.5 0.5 X 0 0 0 James N Goldenberg MD FAAN Director 1.5 1.5 X 0 0 0 Jonathan P Hosey MD FAAN Director 0.5 0.5 X 0 0 0 Elaine C Jones MD FAAN Director 0.5 0.5 X 0 0 0 Shannon M Kilgore MD FAAN Director 0.5 0.5 X 0 0 0 Brett M Kissela MD MS FAAN Director 1 1 X 0 0 0 Thomas R Vidic MD FAAN Director 1.5 1.5 X 0 0 0 4247329 6000 475607 38 0 1 0 American Academy of Neurology Institute 201 Chicago Avenue Minneapolis MN 55415 Access facilities/equipment 1588012 Ideal Printers 645 Olive Street Saint Paul MN 55130 Printing jobs 338116 Visions Inc Box 9438 Minneapolis MN 55440 Printing AANnews publication 248829 University of Rochester Medical Center 601 Elmwood Avenue Box 673 Rochester NY 14642 Reimbursement for NJ Editor in Chief 191355 Russell Reynolds Associates Inc 277 Park Avenue Suite 3800 New York NY 10172 Recruitment consulting 188974 11 0 0 0 0 0 5000 0 5000 Salaries and Benefits 561000 10468114 10468114 0 0 Publishing 511120 15889908 15065738 824170 0 Membership Dues 900099 8796326 8796326 0 0 Reimbursement of Admin Expense 561000 3072065 3072065 0 0 Conferences 541900 75110 75110 0 0 146544 146544 0 0 38448067 1639630 1639630 0 0 0 0 0 0 0 0 0 0 16646 0 16646 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 57097 57097 0 0 57097 40149794 39320624 824170 0 0 0 0 0 0 0 17203361 1567569 2443599 1185283 0 24990 0 48050 0 0 2232613 1070328 726559 1154586 0 1770066 1100541 0 331067 1817 0 282699 133882 Subscriptions, memberships, contributions 4288453 Honoraria and Stipends 1468675 Income Tax -5775 All other expenses 141439 0 37169802 0 0 0 10422417 3054914 8643682 10152251 0 0 2182545 4077390 0 0 0 0 0 0 0 0 522943 443471 1539146 634773 1052202 904373 2744061 8158950 0 0 0 0 0 0 0 0 25567850 26791349 4760847 4871980 5000 0 15071555 12832638 0 0 0 0 0 0 0 0 0 0 519531 895822 20356933 18600440 X 5210917 8190909 0 0 5210917 8190909 25567850 26791349 2979992 0 0 0 0 0 X 0 1 X 1 0 0 0 0 0 0 0 BrainPAC 201 Chicago Avenue Minneapolis MN 55415 270644272 0 15204 0 0 0 8794078 1229551 0 1229551 1319112 0 -89561 Schedule C, Part I-A, Line 1 The organization provided in-kind administrative services to its FEC registered SSF, BrainPAC. 0 0 0 0 0 0 0 0 0 0 0 0 1539146 634773 904373 0 0 0 0 904373 0 Lease Payable ST 22946 Lease Payable LT 47433 Deferred Compensation 825443 895822 X Schedule D, Part X, Line 2 The Organization follows the provisions of FASB ASC 740-10-25, which requires that a tax position be recognized or derecognized based on a "more likely than not" threshold. This applies to position taken or expected to be taken in a tax return. The Organization does not believe its financial statements include any uncertain tax positions. The Organization returns are subject to review and examination by Federal authorities. The tax returns for 2016 through 2018 are open to examination by Federal authorities. 1 Sub-Saharan Africa 0 0 Grantmaking Unrestricted educational grant and contribution towards expenses for European Academy of Neurology teaching course in Sub-Saharan Africa in in Accra, Ghana, September 4-7, 2019. 12019 South America 0 0 Grantmaking In 2013 AAN partnered with the St. Luke Foundation to provide an opportunity for AAN members to become involved in the growing field of global neurologic care. This grant funds trips for AAN fellow, active, resident and student members. In addition, it provides funding for neurologic care including medications and imaging studies for our neediest patients. 20000 Sub-Saharan Africa 0 0 Grantmaking The 2nd AFAN congress held joint with the annual conference of the Neurological Association of South Africa (NASA) February 26 to March 1, 2019. 10000 South America 0 0 Program Services Training in Equador. 6108 0 0 48127 Sub-Saharan Africa 2019 Regional training course. 11562 Wire Sub-Saharan Africa AFAN meeting support 10000 Wire South America Grant for Haiti - American schools and hospitals abroad program of US aid. 20000 Wire 3 0 Ecuador Neurology Project/Program Expenses 2019 South America 1 6108 Wire 0 0 0 0 0 0 0 Schedule F, Part I, Line 2 There is a committee formed specifically for the distribution and use of these funds. No reporting from recipients required in an effort to reduce administrative burden on grant recipient. X X X X X 0 0 0 Catherine M Rydell Executive Director 513881 0 72324 0 190919 0 29400 0 7977 0 814501 0 72324 0 Christine E Phelps Deputy Executive Director, AANI 303181 0 28472 0 51058 0 29400 0 15377 0 427488 0 28472 0 Jason Kopinski Deputy Executive Director, AAN 292397 0 28402 0 56569 0 29400 0 22754 0 429522 0 28402 0 Bruce Levi Chief Legal and Strategy Officer 316120 0 30161 0 34849 0 29400 0 15377 0 425907 0 30161 0 Timothy J Engel Chief Financial Officer 232348 0 25810 0 55333 0 25990 0 15377 0 354858 0 25810 0 Angela Babb Chief Communications and Membership Officer 203854 0 20031 0 38656 0 22575 0 23814 0 308930 0 20031 0 Christopher Becker Chief Business Innovation Officer 218585 0 18973 0 20420 0 23583 0 16079 0 297640 0 18973 0 John Hutchins General Counsel 180658 0 11945 0 7320 0 20609 0 23814 0 244346 0 11945 0 Deanna Ekholm Chief Human Resource Officer 181289 0 16853 0 504 0 13965 0 0 0 212611 0 16853 0 Derek Brandt Director Congressional Affairs 160997 0 9355 0 504 0 17139 0 7979 0 195974 0 9355 0 Kristine Fridgen Deputy Chief, CESC 153276 0 10015 0 6219 0 16315 0 7661 0 193486 0 10015 0 Daniel Spirn Senior Regulatory Counsel 155031 0 10110 0 3749 0 16356 0 7979 0 193225 0 10110 0 Amy Kaloides Senior Director, Advocacy 137953 0 9025 0 5654 0 14533 0 22754 0 189919 0 9025 0 Form 990, Part I, Line 1 Here are some of the most significant successes of the year: represented member concerns on maintenance of certification; lobbied for increased research funding and funded new AAN research grants; addressed the needs of small and solo practitioners; put on the world's largest meeting of neurologists at our Annual Meeting; pushed to improve access to neurologic care by expanding the professional pipeline of students into the neurology specialty; engaged advanced practice providers as important members of the neurology patient care team; informed members of the latest health care changes; provided the tools and resources necessary to provide the highest quality patient-centered care; demonstrated AAN value to members by reaching a 92.5-percent retention of US neurologist members; welcomed a record number of advanced practice providers as members of the AAN; expanded the Axon Registry to reach 173 sites, many of which are solo and small practices; and hosted more than 200 neurology department chairs and academic business managers at the second Neurology Chair Summit to discuss issues facing academic medicine. Form 990, Part VI, Section A, Line 6 The Academy's membership includes individuals who meet the requirements of the following membership classes: Student, Intern, Junior, Neurologist, Senior, Honorary, Physician Affiliate, Researcher, Advanced Practice Provider, and Business Administrator. Members and applicants must demonstrate ethical and professional conduct. Please see www.aan.com for details on each membership class. Form 990, Part VI, Section A, Line 7a All classes of membership vote for the election of one or more members of the governing body, who must be fellows, or honorary or senior members whoe prior classification was fellow. Eligible voting members select members of the governing body periodically, as variances arise, or otherwise. Form 990, Part VI, Section A, Line 7b The Academy's members having voting rights and, accordingly have rights to elect members of the Board (and approve certain officers). Amendments to the Articles of Incorporation and Bylaws must be brought before the members to effect adoption. Form 990, Part VI, Section B, Line 11b The CFO performed extensive review of the draft 990 as initially prepared by the Associate Director of Finance. The draft was reviewed by the Academy's exempt organization's tax professional. The form was then presented to the Audit Committee by the CFO and other members of the management team for the Committee's comments. The finalized 990 is brought to the Board of Directors for discussion during a regularly scheduled meeting. At that time, a complete overview of the final 990 form is to be provided by the CFO and General Counsel. The form 990 is filed after this process. Form 990, Part VI, Section B, Line 12c The Academy operates with a conflict of interest policy that covers individuals serving as officers, directors, committee members, teachers, authors, consultants as well as any other capacity with leadership responsibility as an "official" of the organization. Covered individuals are required to complete a relationship disclosure statement annually, or more frequently if changes in personal circumstances occur. The statements are reviewed and actions determined in line with the organization's heirarchy based on the individual's position and with the recommendation of General Counsel. Conflicts are handled on an individual basis. Actions taken reflect the severity of the actual/potential conflict ranging from "no action required", to an on-going monitoring with appropriate disclosures of such facts, or required withdrawal of the individual from the conflicting relationship. Conflict of interest proceedings are documented in meeting minutes or as otherwise appropriate. Form 990, Part VI, Section B, Line 15 The Academy's Board utilizes a Compensation Committee to set the compensation for the CEO; that Committee employs the procedures inquired here and last set compensation in 2019. The CEO is charged with setting compensation for the employed Officers and Key Employees and in doing so, compensation surveys are utilized. The Committee reviews comprehensive market studies every 2-3 years and will make market adjustments accordingly. Annual salary adjustments are made as performance warrants. The last market adjustment was made in 2019. Form 990, Part VI, Section C, Line 19 The Academy makes its governing documents, conflict of interest policy, and financial statements available to anyone on its website. American Academy of Neurology Institute 201 Chicago Avenue Minneapolis MN 55415 410726167 Promote and administer charitable activities in neurosciences MN 501 (C)(3) Line 7 American Academy of Neurology 1 0 0 0 1 0 1 0 0 0 0 1 0 0 0 1 0 1 0 0 American Academy of Neurology Institute d 9375000 Loan guarantee (new facility), AAN is required to co-sign (amount shown is balance as of December 31, 2019). American Academy of Neurology Institute k 1588012 Lease related to lease of facilities - FMV via independent determinations set out in resource allocation agreement. American Academy of Neurology Institute o 8515661 Sharing of employees. Amount is based on the fair market value. American Academy of Neurology Institute q 2553064 Finance, HR, IT, Marketing FMV recovered per resource allocation agreement.