2012-11-13T10:19:47-06:00 2011-12-31 420714325 MCGLADREY LLP 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2011-01-01 131958990 AMERICAN ACADEMY OF CHILD & ADOLESCENT PSYCHIATRY AMER 2029667300 3615 WISCONSIN AVENUE NW WASHINGTON DC 200163007 HEIDI B FORDI 2029667300 2012-11-13 1 WILLIAM E TURCO CPA P00369217 3012963600 2011 2016-02-24 21:20:13Z HEIDI B FORDI 3615 WISCONSIN AVENUE NW WASHINGTON DC 200163007 11606192 0 X WWW.AACAP.ORG X 1959 DE AACAP LEADS ITS MEMBERSHIP THROUGH COLLECTIVE ACTION, PEER SUPPORT AND CONTINUING EDUCATION. 24 24 43 500 106470 -250 3499852 4613035 4409780 3350666 170679 367014 272578 255076 8352889 8585791 287292 640813 0 0 3642784 3958934 0 0 85508 4346608 4056765 8276684 8656512 76205 -70721 11940434 10867097 3547488 3141541 8392946 7725556 X TO PROMOTE MENTALLY HEALTHY CHILDREN, ADOLESCENTS, AND FAMILIES THROUGH RESEARCH, TRAINING, ADVOCACY, PREVENTION, COMPREHENSIVE DIAGNOSIS AND TREATMENT, PEER SUPPORT AND COLLABORATION. 0 0 1321101 1353651 ANNUAL MEETING & INSTITUTES: PRESENT THE LATEST RESEARCH AND ADVANCES IN CLINICAL PRACTICE OF CHILD AND ADOLESCENT PHYCHIATRY TO MEMBERS AND NONMEMBERS. 1257722 640813 GRANT EXPENSES: THROUGH FEDERAL AND NON-FEDERAL GRANTS THE ACADEMY SUPPORTS RESEARCH AND TRAINING EFFORTS, AS WELL AS FELLOWSHIPS. 822398 SPECIAL FUNDS:WORK TO INCREASE THE KNOWLEDGE BASE OF SPECIFIC AREAS WITHIN CHILD & ADOLESCENT PSYCHIATRY FOR THE BENEFIT OF THE SPECIALTY AND THE PUBLIC. 801482 COMPONENTS 543541 1711335 JOURNAL 272842 GOVERNMENT AFFAIRS 207569 MEMBERSHIP 192388 RESEARCH INITIATIVES 177194 AACAP NEWS 153500 CLINICAL PRACTICE 89786 PUBLICATIONS 71056 COMMUNICATIONS 27424 PRESIDENTIAL INITIATIVES 2536782 1711335 5938003 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 74 0 1 43 1 1 1 0 0 0 0 1 1 0 0 0 0 X 24 24 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AK AL AR AZ CA CO CT DC FL GA HI IL KS KY MA MD ME MI MS MN MO NC ND NJ NH NM NY OH OK OR PA RI SC TN UT VA WA WI WV X LARRY BURNER 2029667300 3615 WISCONSIN AVENUE NW WASHINGTON DC 200163007 MARTIN J DRELL MD 20.00 X X 0 0 0 PARAMJIT T JOSHI MD 10.00 X X 0 0 0 LOUIS J KRAUS MD 10.00 X X 0 0 0 WILLIAM BERNET MD 10.00 X X 0 0 0 STEVEN P CUFFE MD 10.00 X X 0 0 0 DAVID R DEMASO MD 20.00 X X 0 0 0 JAMES C MACINTYRE II MD 10.00 X X 0 0 0 ROBERT L HENDRENDO 5.00 X X 0 0 0 STEVEN ADELSHEIM MD 5.00 X 0 0 0 WAYNE B BATZER MD 5.00 X 0 0 0 TAMI D BENTON MD 5.00 X 0 0 0 DEBORAH DEAS MD 5.00 X 0 0 0 J MICHAEL HOUSTON MD 5.00 X 0 0 0 D RICHARD MARTINI MD 5.00 X 0 0 0 YIU KEE WARREN NG MD 5.00 X 0 0 0 MELVIN D OATIS MD 5.00 X 0 0 0 NEAL RYAN MD 5.00 X 0 0 0 MARGARET L STUBER MD 5.00 X 0 0 0 MARK S BORER MD 5.00 X 0 0 0 KATHLEEN M KELLEY MD 5.00 X 0 0 0 GABRIELLE L SHAPIRO MD 5.00 X 0 0 0 RUTH GERSON MD 5.00 X 0 0 0 KARIMI MAILUTHA MD 5.00 X 0 0 0 SOURAV SENGUPTA MD 5.00 X 0 0 0 VIRGINIA Q ANTHONY 37.50 X 218285 0 29319 LAURENCE L GREENHILL 20.00 X 65346 0 0 LARRY BURNER 37.50 X 91847 0 23837 KRISTIN KROEGER PTAKOWSKI 37.50 X 167239 0 32347 HEIDI BUTTNER FORDI 37.50 X 142735 0 24407 COLLEEN DOUGHERTY 37.50 X 104851 0 17167 790303 0 127077 4 0 1 0 ELSEVIER LTD 5625 FISHERS LN ROCKVILLE MD 20852 MEMBER SUBSCRIPTIONS 400087 1 2336752 42600 1306998 926685 4613035 MEETINGS/INSTITUTES 541800 1539961 1353651 7100 179210 PUBLICATIONS 541800 1430019 1330649 99370 ANNUAL REVIEW 900099 210852 210852 JANUARY INSTITUTE 900099 140679 140679 LIFELONG LEARNING INST 900099 29155 29155 3350666 181880 181880 217932 217932 30900 0 30900 30900 30900 3155306 29120 2971322 27970 183984 1150 185134 185134 0 42600 21109 -21109 -21109 OTHER INCOME 900099 27353 27353 27353 8585791 3064986 106470 801300 519863 519863 120950 120950 432109 277627 144323 10159 2863196 2024313 761414 77469 191546 191546 290573 145030 145543 181510 181510 20686 2450 18236 60300 60300 33893 33893 396935 240399 149642 6894 88239 88239 1057155 817201 238193 1761 89201 8860 80341 174500 174500 1026465 1007810 15959 2696 172463 114959 55956 1548 11598 11598 308394 308394 32375 13267 19108 TAXES 4110 4110 HONORARIA 413913 413913 TRAINING AND CERTIFICAT 79287 72771 5821 695 OTHER EXPENSES 57862 48266 9526 70 29389 22085 27198 -19894 8656512 5938003 2633001 85508 500 500 2372001 987028 522432 487958 174530 85143 82767 137320 4695554 2514258 2378343 2181296 3188224 3135705 3211438 3827980 10199 24167 11940434 10867097 1291717 736650 1975129 1985789 266635 159837 14007 259265 3547488 3141541 X 4599140 4820995 2224136 1334891 1569670 1569670 8392946 7725556 11940434 10867097 X -70721 -596669 X 0 1 1 X 1 1 X 3765106 4170847 3666457 3499852 4617585 19719847 3219716 3072142 3188542 4311795 3244196 17036391 6984822 7242989 6854999 7811647 7861781 36756238 0 0 0 36756238 676985 548566 450377 428062 430712 2534702 676985 548566 450377 428062 430712 2534702 109243 16787 21097 16598 27353 191078 7771050 7808342 7326473 8256307 8319846 39482018 0.93100 0.92350 0.06420 0.07190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 1 2000 1 0 1 50000 1 10000 0 62000 0 EXPLANATION OF LOBBYING ACTIVITIES: PART II-B, LINE 1: EDUCATION OF THE LEGISLATURE ABOUT MATTERS RELATED TO CHILD AND ADOLESCENT PSYCHOPATHOLOGY AND ITS TREATMENTS. 3965554 1406467 -153169 1522549 3696303 3761694 849551 289333 935024 3965554 3301726 565770 779696 885498 3761694 4647218 994166 -921388 1418270 3301726 0.21420 0.36110 0.42470 0 0 375417 375417 3557171 1945209 1611962 762966 569049 193917 2181296 70,214.032 SHS BERNSTEIN INT'L PORTFOLIO 871356 F 213,141.726 SHS BERNSTEIN INTERMEDIATE DURATION PORTFOLIO 2956624 F 3827980 SECURITY DEPOSITS 2600 REGIONAL COUNCIL DUES PAYABLE 256665 259265 8585791 8656512 -70721 -596669 -596669 -667390 7980888 -596669 4550 -592119 8573007 33893 -21109 12784 8585791 8648278 4550 21109 25659 8622619 33893 33893 8656512 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: AACAP PROMOTES AND SUPPORTS RESEARCH CAREERS, PUBLICIZES RESEARCH AND TRAINING OPPORTUNITIES, AND SPONSORS INITIATIVES TO FOSTER THE DEVELOPMENT AND CONTINUING EXCELLENCE OF CHILD ADOLESCENT PSYCHIATRISTS THROUGH FELLOWSHIP PROGRAMS, DISTINGUISHED MEMBER LECTURES, AND RESEARCH STIPENDS. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: AACAP IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, AACAP HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. UNDER CURRENT INTERNAL REVENUE SERVICE REGULATIONS, ADVERTISING REVENUE EARNED IN AACAP'S PUBLICATIONS, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO UNRELATED BUSINESS INCOME TAX. THERE WAS NO NET TAX LIABILITY FOR UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2011. AACAP FOLLOWS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, AACAP MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. MANAGEMENT EVALUATED AACAP'S TAX POSITIONS AND CONCLUDED THAT AACAP HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. GENERALLY, AACAP IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE DECEMBER 31, 2008. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES REPORTED ON LINE 8B -21,109. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES REPORTED ON LINE 8B 21,109. DINNER 42600 42600 3060 18049 42600 42600 3060 18049 21109 -21109 1 VANDERBILT UNIVERSITY 3319 WEST END AVENUE SUITE 700 NASHVILLE TN 37203 620476822 501(C)(3) 18191 JR. INVESTIGATOR AWARD MASSACHUSETTS GENERAL HOSPITAL P O BOX 3829 BOSTON MA 022413829 042697983 501(C)(3) 33782 JR. INVESTIGATOR AWARD YALE UNIVERSITY PO BOX 1873 NEW HAVEN CT 065081873 060646973 501(C)(3) 33552 ESL & JR. INVESTIGATOR AWARDS INDIANA UNIVERSITY - OFFICE OF RESEARCH ADMIN PO BOX 66057 INDIANAPOLIS IN 46266 356001673 501(C)(3) 28228 JR. INVESTIGATOR AWARD UNIVERSITY OF PITTSBURGH 4200 FIFTH AVENUE PITTSBURGH PA 15260 250965591 501(C)(3) 7500 LILLY PILOT AWARD REGENTS OF THE UNIVERSITY OF COLORADO 1800 GRANT ST STE 600 DENVER CO 80203 846000555 501(C)(3) 7500 LILLY PILOT AWARD CHILDREN'S HOSPITAL MEDICAL CENTER - MAYERSON CENTER 3333 BURNETT AVE CINCINNATI OH 45229 310833936 501(C)(3) 15000 LILLY PILOT AWARD UNIVERSITY OF PITTSBURGH MEDICAL CENTER 200 LOTHROP STREET PITTSBURGH PA 15213 251423657 501(C)(3) 7500 LILLY PILOT AWARD UNIVERSITY OF MASSACHUSETTS 333 SOUTH STREET SHREWSBURY MA 01545 043167352 501(C)(3) 7500 LILLY PILOT AWARD DUKE UNIVERSITY PO BOX 104132 DURHAM NC 27708 560532129 501(C)(3) 7500 LILLY PILOT AWARD MEDICAL UNIV OF SOUTH CAROLINA 171 ASHLEY AVE CHARLESTON SC 29425 576000722 501(C)(3) 7500 LILLY PILOT AWARD RESEARCH FDN OF SUNY 35 STATE STREET ALBANY NY 12207 141368361 501(C)(3) 7500 LILLY PILOT AWARD RESEARCH FDN FOR MENTAL HYGIENE INC 150 BROADWAY STE 301 MENANDS NY 12204 141410842 501(C)(3) 7500 LILLY PILOT AWARD STANFORD UNIVERSITY PO BOX 44253 SAN FRANCISCO CA 94144 911156365 501(C)(3) 15000 LILLY PILOT AWARD STANFORD UNIVERSITY PO BOX 44253 SAN FRANCISCO CA 94144 911156365 501(C)(3) 15000 LILLY PILOT AWARD 15 BERMAN AWARD 1 4500 CANCRO AWARD 1 1000 CMHS SPECIAL PROG SCHOLARSHIP 20 15000 CMHS SPURLOCK STIPEND 1 2500 ESL AWARD 3 22500 ESL JOURNAL AWARD 1 5000 G. TARJAN AWARD 1 1000 HAMBURG AWARD 1 1000 MED STUDENT FELLOWSHIP 6 21000 NIDA SPURLOCK STIPEND 3 9000 REIGER JOURNAL AWARD 1 4500 REIGER SERVICE AWARD 2 4500 SIMON WILE AWARD 1 500 SPURLOCK AWARD 1 2500 PSYCHODYNAMICS PSYCHOTHERAPY AWARD 1 2500 KLINGENSTEIN 3RD GENERATION FDN AWARD 1 5000 ROBINSON CUNNINGHAM AWARD 1 200 CFAK SR. RESEARCHERS AWARD 8 8000 CFAK JR. SCHOLARS 12 6000 ADVOCACY FOR FAMILIES GRANTS 19 4750 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE HONORARIA AND STIPENDS ARE PROVIDED FOLLOWING THE COMPLETION OF THE AWARD ACTIVITIES. FOR EXAMPLE: DISTINGUISHED MEMBER AWARD HONORARIA CHECKS ARE ISSUED AFTER THE AWARD RECIPIENT HAS COMPLIED WITH ALL THE TERMS OF THE AWARD. FOR HONORARIA AND STIPENDS, THERE ARE NO RESTRICTIONS FOR THE USE OF FUNDS. GRANT APPLICATIONS INCLUDE A BUDGET BREAKDOWN FOR EXPENSES. THE BUDGET IS REVIEWED AS PART OF THE SELECTION REVIEW CRITERIA. ONCE A RECIPIENT IS SELECTED, THE AWARD RECIPIENT, MENTOR AND INSTITUTION SIGN AN AGREEMENT FORM AGREEING TO UTILIZE THE FUNDS IN CONGRUENCE WITH THE APPROVED BUDGET. ANY CHANGES TO THE BUDGET MUST BE SUBMITTED FOR WRITTEN APPROVAL. A HALF OF THE GRANT FUNDS ARE PROVIDED ONCE THE AGREEMENT IS EXECUTED. THE REMAINDER OF THE GRANT FUNDS IS PROVIDED ONCE THE PROJECT HAS BEEN COMPLETED AND LINE ITEM FINANCIAL EXPENSE REPORT SUBMITTED. X X X 0 0 0 0 0 0 0 0 0 VIRGINIA Q ANTHONY 218285 0 0 0 0 0 22429 0 6890 0 247604 0 0 0 KRISTIN KROEGER PTAKOWSKI 167239 0 0 0 0 0 17419 0 16305 0 200963 0 0 0 HEIDI BUTTNER FORDI 142735 0 0 0 0 0 15311 0 10434 0 168480 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE AMERICAN ACADEMY OF CHILD AND ADOLESCENT PSYCHIATRY IS A PROFESSIONAL MEDICAL ORGANIZATION COMPRISED OF CHILD AND ADOLESCENT PSYCHIATRISTS TRAINED TO PROMOTE HEALTHY DEVELOPMENT AND TO EVALUATE, DIAGNOSE, AND TREAT CHILDREN AND ADOLESCENTS AND THEIR FAMILIES WHO ARE AFFECTED BY DISORDERS OF FEELING, THINKING, LEARNING, AND BEHAVIOR. CHILD AND ADOLESCENT PSYCHIATRISTS ARE PHYSICIANS WHO ARE UNIQUELY QUALIFIED TO INTEGRATE KNOWLEDGE ABOUT HUMAN BEHAVIOR AND DEVELOPMENT FROM BIOLOGICAL, PSYCHOLOGICAL, FAMILIAL, SOCIAL, AND CULTURAL PERSPECTIVES WITH SCIENTIFIC, HUMANISTIC, AND COLLABORATIVE APPROACHES TO DIAGNOSIS, TREATMENT AND THE PROMOTION OF MENTAL HEALTH. FORM 990, PART VI, SECTION A, LINE 7A THE PRESIDENT, PRESIDENT-ELECT (WHO SHALL SERVE AS VICE PRESIDENT UNTIL TAKING OFFICE AS PRESIDENT), SECRETARY, AND TREASURER OF AACAP ARE ELECTED BY A MAJORITY OF MAIL OR ELECTRONIC VOTES CAST BY ELIGIBLE MEMBERS FOR A TWO-YEAR TERM. COUNCIL MEMBERS-AT-LARGE FOUR GENERAL OR FELLOW MEMBERS ARE NOMINATED BY THE NOMINATING COMMITTEE FOR COUNCIL MEMBERS-AT-LARGE. TWO MEMBERS ARE ELECTED FOR A TERM OF THREE YEARS BY A SIMPLE MAJORITY OF VOTES CAST BY THE ELIGIBLE MEMBERS OF AACAP VOTING BY MAIL OR ELECTRONIC BALLOT. THOSE ELECTED SHALL TAKE OFFICE AFTER THE BUSINESS MEETING OF THE ANNUAL MEETING OF AACAP HELD AFTER THEIR ELECTION, REPLACE THE TWO COUNCIL MEMBERS PREVIOUSLY ELECTED PURSUANT TO THIS ARTICLE WHOSE TERMS OF OFFICE EXPIRE AT THAT TIME, AND SERVE UNTIL THEIR SUCCESSORS HAVE BEEN DULY ELECTED AND INSTALLED. THE SIX MEMBERS OF COUNCIL ELECTED PURSUANT TO THIS SECTION ARE NOT ELIGIBLE FOR REELECTION TO COUNCIL AS A MEMBER-AT-LARGE AFTER THE EXPIRATION OF THEIR TERM OF OFFICE UNTIL A PERIOD OF AT LEAST THREE YEARS SHALL HAVE ELAPSED. ASSEMBLY MEMBERS OF COUNCIL THE ASSEMBLY OF REGIONAL ORGANIZATIONS OF CHILD AND ADOLESCENT PSYCHIATRY ALSO ELECTS FIVE MEMBERS TO COUNCIL IN ACCORDANCE WITH THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11 1. AACAP'S FINANCE DEPARTMENT WILL VERIFY ALL FINANCIAL DATA. 2. A COPY OF THE DRAFT TAX RETURN WILL BE DISTRIBUTED TO THE EXECUTIVE DIRECTOR AND EACH MEMBER OF AACAP'S FINANCIAL PLANNING COMMITTEE, (FPC). ALL SECTIONS OF THE TAX FORM WILL BE REVIEWED BY THE FPC. PERCEIVED ERRORS, OMISSIONS, INCONSISTENCIES OR REQUESTS FOR CLARIFICATIONS FROM THE FPC WILL BE COMMUNICATED TO THE EXECUTIVE DIRECTOR. 3. THE EXECUTIVE DIRECTOR AND STAFF OF AACAP WILL ADDRESS ALL POINTS INDICATED BY THE FPC FOR RESOLUTION. ANY ISSUES THAT CANNOT BE RESOLVED BY THE EXECUTIVE DIRECTOR AND STAFF WILL BE COMMUNICATED TO AACAP'S LEGAL AND TAX CONSULTANTS FOR FURTHER GUIDANCE. 4. AFTER ALL ISSUES HAVE BEEN ADDRESSED THE RESOLUTIONS WILL BE COMMUNICATED TO AACAP'S TAX PROFESSIONALS FOR COMPLETION OF AACAP'S FEDERAL FORM 990. 5. THE FINALIZED RETURNS WILL BE DISTRIBUTED TO THE EXECUTIVE DIRECTOR, THE FINANCIAL PLANNING COMMITTEE AND THE ENTIRE COUNCIL FOR FINAL REVIEW PRIOR TO FILING THE RETURN WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C AACAP HAS THE FOLLOWING STANDARD OPERATING PROCEDURES FOR MONITORING AND ENFORCING CONFLICTS OF INTEREST: DISCLOSURE OF AFFILIATIONS STATEMENT I. PURPOSE: TO REVIEW OUTSIDE AFFILIATIONS OF ALL OFFICERS, COMMITTEE MEMBERS AND OTHERS ACTING ON BEHALF OF THE AACAP. DECISIONS BY THE OFFICERS, COMMITTEES AND OTHERS ON BEHALF OF THE AMERICAN ACADEMY OF CHILD AND ADOLESCENT PSYCHIATRY HAVE FAR REACHING SIGNIFICANCE AND CONSEQUENCES. STATEMENTS, PUBLICATIONS AND RECOMMENDATIONS HAVE IMPLICATIONS FOR THE PRACTICE OF CHILD AND ADOLESCENT PSYCHIATRY AND THE HEALTH OF CHILDREN AND THEIR FAMILIES ALL OVER THE WORLD. IT IS ASSUMED THAT ALL OFFICERS, COMMITTEE MEMBERS AND OTHERS ACTING ON BEHALF OF THE AACAP ACT HONESTLY AND WITH INTEGRITY. HOWEVER, WHEN OUTSIDE AFFILIATIONS RESULT IN REAL OR PERCEIVED CONFLICTS OF INTEREST, WHICH MAY IMPACT ON AN INDIVIDUAL'S OPINION, DISCLOSURE IS NECESSARY. II. PROCEDURES A. DISTRIBUTION OF STATEMENT 1. THE STATEMENT WILL BE DISTRIBUTED TO THE COUNCIL, EXECUTIVE COMMITTEE, ASSEMBLY EXECUTIVE COMMITTEE AND ALL COMPONENTS EACH MEETING. THE MEETING NAME AND DATE ARE NOTED ON EACH FORM. 2. THE STATEMENT MUST BE COMPLETED BY EACH OFFICER/COMPONENT MEMBER AND TURNED INTO THE CHAIR AT THE BEGINNING OF THE MEETING. 3. THE STATEMENTS ARE COLLECTED AND REVIEWED AND THE AGENDA WILL INCLUDE DISCUSSION OF POTENTIAL CONFLICTS OF INTEREST. THE MINUTES WILL NOTE RECEIPT OF ALL STATEMENTS AND DISCUSSION, IF ANY. IF THERE IS CONCERN ABOUT ANY CONFLICT, THE CHAIR WILL REVIEW CONCERNS WITH THE AACAP SECRETARY, WHO WILL HAVE THE ULTIMATE DECISION MAKING AUTHORITY. 4. THE STATEMENTS WILL BE HELD IN THE COMPONENTS' FILES FOR TWELVE MONTHS AND THEN DESTROYED. 5. WHEN COMPLETING THE STATEMENT OF DISCLOSURE OF AFFILIATIONS, MEMBERS WILL NOTE ORGANIZATIONS WHERE THEY SERVE IN A GOVERNING OR LEADERSHIP CAPACITY, RELATIONSHIPS WITH PHARMACEUTICAL COMPANIES, RELATIONSHIPS WITH THIRD PARTY CME COMPANIES, MANAGED CARE ORGANIZATIONS, INTERNET HEALTH INFORMATION PROVIDERS, ETC. IT IS IMPORTANT TO DISCLOSE WHERE HE/SHE SERVES OTHER AGENCIES, ASSOCIATIONS OR CORPORATIONS, IN CAPACITIES THAT ARE SIMILAR TO OR COMPETE WITH THE AACAP. 6. MEMBERS ARE ASKED TO DECLARE ANY DIRECT OR INDIRECT FINANCIAL INTERESTS OR PERSONAL, FAMILY OR OTHER RELATIONSHIPS WHICH CONFLICT WITH DUTIES OR RESPONSIBILITIES AND INFLUENCE ONE'S JUDGMENT ON BEHALF OF THE AACAP. NOTING A POTENTIAL CONFLICT DOES NOT PRECLUDE SERVICE ON AACAP COMPONENTS, BUT FOLLOWING AACAP PROCEDURE, SUCH INFORMATION WILL BE SHARED WITH THE AACAP COMPONENT CHAIR, AND IF DEEMED NECESSARY, WITH THE AACAP SECRETARY, EXECUTIVE COMMITTEE AND COUNCIL. 7. AT THE BOTTOM OF THE STATEMENT, MEMBERS WILL SIGN TO AGREE THAT "BASED ON THE ABOVE, I DO NOT SEE A CONFLICT. IN THE EVENT OF A CONFLICT I WILL DISCLOSE IT AND IF APPROPRIATE I WILL EXCUSE MYSELF FROM DELIBERATIONS." FORM 990, PART VI, SECTION B, LINE 15 TOP MANAGEMENT OFFICIAL: THE EXECUTIVE DIRECTOR, (ED) IS THE TOP MANAGEMENT OFFICIAL. THE ED IS EVALUATED BY THE EXECUTIVE COMMITTEE, (EC) OF AACAP'S COUNCIL. EACH MEMBER OF THE EC INDIVIDUALLY EVALUATES THE ED UTILIZING A STANDARDIZED FORM RANKING THE ED'S PERFORMANCE IN KEY AREAS. THE EVALUATION HAS KEY-JOB SPECIFIC CRITERIA PERTAINING TO SUPERVISORY AND LEADERSHIP SKILLS. THE PRESIDENT OF AACAP THEN PREPARES A WRITTEN EVALUATION THAT IS COMMUNICATED TO THE ED. ANNUAL SALARY ADJUSTMENTS OF THE ED ARE BASED UPON THE RESULTS OF THE EVALUATIONS, AND ON THE JUDGMENT OF THE EC. SALARY SURVEYS FROM SIMILAR ORGANIZATIONS ARE USED TO HELP GUIDE THE EC IN THEIR DECISION PROCESS. TOP FINANCIAL POSITION: THE TREASURER OF AACAP IS A VOLUNTEER, UNPAID POSITION. KEY EMPLOYEES: KEY EMPLOYEES ARE EVALUATED UTILIZING A STANDARDIZED FORM RANKING THEIR PERFORMANCE IN KEY AREAS. THREE CRITERIA RELATE TO AACAP'S VALUES. THE REMAINING EVALUATION TOOLS ARE KEY-JOB SPECIFIC CRITERIA PERTAINING TO SUPERVISORY AND MANAGERIAL SKILLS. THE FINAL PART OF THE EVALUATION IS RELATED TO SETTING GOALS FOR THE COMING PERIOD(S). ANNUAL SALARY ADJUSTMENTS OF KEY EMPLOYEES ARE BASED UPON THE RESULTS OF THEIR EVALUATIONS, AND ON THE JUDGMENT OF THE ED. SALARY SURVEYS FROM SIMILAR ORGANIZATIONS ARE USED TO HELP GUIDE THE ED IN THE DECISION PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFILICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -596,669.