2025-11-06T14:46:42-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 2021 SPRING ROAD SUITE 200 OAK BROOK IL 60523 990 2024-01-01 366103317 AMERICAN ACADEMY OF PHYSICAL MEDICINE AND REHABILITATION AMER 8477376000 9700 W BRYN MAWR AVENUE 200 ROSEMONT IL 600185701 TRACY J SEREIKO EXEC. DIR. & CEO 8477376000 2025-11-05 1 0 MELISSA STRUCK P01310867 6305738600 2025-11-05 2024 2025-03-06 01:10:19Z TRACY J SEREIKO 9700 W BRYN MAWR AVENUE 200 ROSEMONT IL 600185701 22565273 0 X WWW.AAPMR.ORG X 1951 IL TO ADVANCE THE SPECIALTY OF PHYSICAL MEDICINE AND REHABILITATION, PROMOTE EXCELLANCE IN PHYSIATRIC PRACTICE, AND ADVOCATE ON PUBLIC POLICY ISSUES RELATED TO PERSONS WITH DISABLING CONDITIONS. 15 15 57 600 464313 236320 0 0 12226215 13219225 727643 293472 1300000 0 14253858 13512697 0 0 0 0 6046997 6137818 0 0 0 7520799 7475308 13567796 13613126 686062 -100429 31988078 32305671 11127623 10260850 20860455 22044821 X AAPMR STRIVES TO ADVANCE THE FIELD OF PHYSICAL MEDICINE AND REHABILITATION, PROMOTE EXCELLENCE IN PHYSIATRIC PRACTICE, AND ACTS AS AN ADVOCATE ON PUBLIC POLICY ISSUES RELATED TO DISABILITY. IT ASSISTS PM&R PHYSICIANS IN ACQUIRING THE CONTINUING EDUCATION, PRACTICE KNOWLEDGE, LEADERSHIP SKILLS, AND RESEARCH INFORMATION NEEDED TO PROVIDE QUALITY PATIENT CARE, AS WELL AS TO REPRESENT THE BEST INTERESTS OF PATIENTS WITH, OR AT RISK FOR, TEMPORARY OR PERMANENT DISABILITIES. 0 0 3903129 4921899 ANNUAL ASSEMBLY - THE ANNUAL ASSEMBLY IS THE PREMIER ANNUAL SCIENTIFIC EDUCATIONAL CONFERENCE FOR PHYSICAL MEDICINE AND REHABILITATION PHYSICIANS. OVER 2,000 PHYSICIANS ATTEND THE ASSEMBLY TO PARTICIPATE IN COURSES, PLENARY SESSIONS AND WORKSHOPS, WHICH ARE ORGANIZED INTO TRACKS. ADDITIONALLY, THE POSTER PRESENTATIONS REPORT THE LATEST RESEARCH IN THE FIELD OF PM&R AND EXHIBITS ARE HOSTED. 1825890 246510 PUBLICATIONS AND COMMUNICATIONS - THE ACADEMY PROVIDES A MONTHLY SCIENTIFIC JOURNAL (PM&R)TO THE MEMBERS. THE ACADEMY ALSO PROVIDES A PRINT NEWSLETTER 10 TIMES PER YEAR, A BI-WEEKLY ONLINE NEWSLETTER, MONTHLY RESIDENT NEWSLETTER, QUARTERLY COUNCIL NEWSLETTERS, AND MEMBER EMAIL BLASTS THAT COMUNICATE UPDATES IN THE FIELD OF PM&R, ACTIVITIES OF THE ACADEMY, ITS MEMBERS AND STRATEGIC COMMITTEES. THE ACADEMY OFFERS PHYZFORUM, AN ONLINE MEMBER COMMUNITY, AND ASSESSES MEMBER NEEDS THROUGH MARKET RESEARCH STUDIES. THE ACADEMY WEBSITE IS A RESOURCE FOR MEMBERS AS WELL AS THE PUBLIC. THE ACADEMY CONTINUES TO RAISE AWARENESS OF THE BENEFITS OF REHABILITATION AND THE FIELD THROUGH THE WEBSITE AND PATIENT EDUCATION BROCHURES. 2682946 34998 HPPS/QUALITY - THE ACADEMY HELPS OUR MEMBERS NAVIGATE THE CONTINUOUS CHANGES TO GUIDELINES, REPORTING MEASURES, AND OTHER PRACTICE REQUIREMENTS. THE ACADEMY IS COMMITTED TO PROVIDING RESOURCES AND SUPPORT TO HELP DEFINE PHYSIATRY'S VALUE IN MEDICINE AND LEAD PHYSIATRISTS THROUGH THE TRANSITIONS OCCURING IN THE BUSINESS OF HEALTH CARE. 2010953 1919446 EDUCATION - THE ACADEMY IS ITS MEMBERS PRIMARY SOURCE FOR CONTINUING MEDICAL EDUCATION. EDUCATION OFFERED BY ACADEMY HELPS MEMBERS KEEP CURRENT ON NEW DEVELOPMENTS IN THE FIELD OF PM&R AS WELL AS SUSTAIN THE CORE KNOWLEDGE AND SKILLS NEEDED TO MAINTAIN LICENSURE, CERTIFICATION, ECT. IN ADDITION TO ITS ANNUAL ASSEMBLY, THE ACADEMY OFFERS LIVE COURSES AT VARIOUS LOCATIONS NATIONALLY, ONLINE LEARINGING OPPORTUNITIES VIA ITS ONLINE LEARNING PORTAL ACADEME, EDUCATIONAL ACTIVITIES VIA ITS PEER-REVIEWED SCIENTIFIC JOURNAL, PM&R AND ONLINE, CLINICAL RESOURCES VIA PM&R KNOWLEDGE NOW. 1261769 4978959 MEMBERSHIP - AAPM&R OFFERS ITS MEMBERS OPPORTUNITIES FOR NETWORKING, ENRICHMENT AND CAREER ADVANCEMENT. THROUGH MEMBERSHIP, MEMBERS HAVE EXCLUSIVE ACCESS TO 9,000+ MEMBER PHYSIATRISTS WHO ARE THOUGHT-LEADERS IN THE FIELD. CONNECTING WITH THEIR PM&R COMMUNITY HELPS MEMBERS DEVELOP AND IMPROVE THEIR PRACTICAL AND CLINICAL SKILLS, STAY CURRENT WITH THE LATEST PHYSIATRY NEWS, SHARE BEST PRACTICES AND EXPAND THEIR CIRCLE OF PEERS. 704703 653100 OTHER PROGRAM EXPENSES 3977425 7551505 12389390 1 0 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 1 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 1 0 0 0 1 72 0 57 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 X X STEPHEN KULIN 8477376058 9700 W BRYN MAWR AVENUE NO 200 ROSEMONT IL 600185701 SCOTT R LAKER MD PRESIDENT 5.00 X X 0 0 0 D J KENNEDY MD PAST PRESIDENT 5.00 X X 0 0 0 CHARLOTTE H SMITH MD VICE PRESIDENT 5.00 X X 0 0 0 JOHN C CIANCA MD PRESIDENT-ELECT 5.00 X X 0 0 0 ATUL T PATEL MD MHSA TREASURER 5.00 X X 0 0 0 JOSE L VARGAS MD SECRETARY 5.00 X X 0 0 0 SUSAN LEE HUBBELL MD STRATEGIC COMMITTEE CHAIR 2.00 X 0 0 0 JAMES A SLIWA MD STRATEGIC COMMITTEE CHAIR 2.00 X 0 0 0 MICHAEL R YOCHELSON MD MBA STRATEGIC COMMITTEE CHAIR 2.00 X 0 0 0 RACHEL BRAKKE HOLMAN MD STRATEGIC COMMITTEE CHAIR 2.00 X 0 0 0 JONATHAN H WHITESON MD STRATEGIC COMMITTEE CHAIR 2.00 X 0 0 0 THERESA A GILLIS MD MEMBER-AT-LARGE 2.00 X 0 0 0 MARLIS GONZALEZ-FERNANDEZ MD PHD MEMBER-AT-LARGE 2.00 X 0 0 0 NNEKA L IFEJIKA MD MEMBER-AT-LARGE 2.00 X 0 0 0 LESTER S DUPLECHAN MD MEMBER-AT-LARGE 2.00 X 0 0 0 TRACY J SEREIKO EXECUTIVE DIRECTOR & CEO 40.00 X 355858 0 68736 THOMAS E STAUTZENBACH CAE ADVISOR EXECUTIVE 40.00 X 458685 0 42844 MELANIE DOLAK AED, HEALTH POLICY & PRACT 40.00 X 220346 0 67754 REBECCA DEVIVO AED, EDUCATION 40.00 X 209545 0 71377 KAVITHA NEERUKONDA AED, QUALIY & REGISTRY INI 40.00 X 208934 0 124085 SHARON POPIELEWSKI DIRECTOR, BUSINESS & RESOU 40.00 X 156930 0 66488 MEGAN BRUNNER AED, MARKETING & MEMBERSHIP 40.00 X 153782 0 42006 PAMELA S SWICK DIRECTOR, ACCOUNTING 40.00 X 133222 0 24654 BRIAN THOMPSON DIRECTOR, EDUCATION 40.00 X 148540 0 11317 DAVE HOMAN DIRECTOR, INFORMATION TECH 40.00 X 158350 0 32033 CHRIS STEWART DIRECTOR, ADVOCACY & GOV AFFAIRS 40.00 X 136130 0 10750 CATHY MENDELSOHN MANAGING EDITOR, JOURNAL & KNOWLEDGENOW 40.00 X 119324 0 31800 2459646 0 593844 16 0 1 0 ON SERVICES LLC DEPT 132 PO BOX 4458 HOUSTON TX 77210 AV SERVICES 556386 CONVENTUS MEDIA 7 NICHOLS LANE MIDDLETON MA 01949 BOOTH VENDOR SERVICE 215903 POWERS PLYES SUTTER & VERVILLE 1250 CONNECTICUT AVE NW 8TH FL WASHINGTON DC 20036 LEGAL SERVICES 153587 3 ANNUAL ASSEMBLY 541800 5002771 4921899 80872 MEMBERSHIP DUES 900099 4978959 4978959 EDUCATION 611600 1919446 1919446 INDUSTRY RELATIONS 541900 651979 651979 PUBLICATIONS/COMMUNICATIONS 541800 629951 246510 383441 36119 36119 13219225 800365 800365 8545683 9052576 -506893 -506893 -506893 13512697 12754912 464313 293472 2247372 1951700 295672 3023342 2622182 401160 51028 44524 6504 290449 253428 37021 525627 458631 66996 35760 35760 36000 36000 70823 70823 1137439 1122596 14843 654081 643692 10389 1301178 1220905 80273 425450 371222 54228 518759 500662 18097 2934282 2888921 45361 131553 114785 16768 DUES & SUBSCRIPTIONS 80978 74068 6910 MISCELLANEOUS 63537 63308 229 TAXES 59500 59500 STAFF DEVELOPMENT 25968 22766 3202 13613126 12389390 1223736 0 9254770 8403980 335219 397364 181614 273902 369210 428412 2695531 2659939 140855 35592 18119779 19451180 3586631 3315241 31988078 32305671 2160847 1862187 4714475 4514755 4252301 3883908 11127623 10260850 X 20860455 22044821 20860455 22044821 31988078 32305671 -100429 1284795 0 X X 0 1 X 1 0 X 5169101 5457702 5825860 6271967 4978959 27703589 3961077 4163085 6622184 6766285 7775953 29288584 9130178 9620787 12448044 13038252 12754912 56992173 0 0 0 56992173 692066 518096 635415 845699 800365 3491641 692066 518096 635415 845699 800365 3491641 289844 371705 249728 123148 236320 1270745 10112088 10510588 13333187 14007099 13791597 61754559 0.92290 0.92240 0.05650 0.05390 X 1 1 0 1 19003 0 0 1 93115 0 0 112118 0 SCHEDULE C, PART II-B - DETAILED DESCRIPTION OF LOBBYING ACTIVITIES AAPM&R ENGAGES IN ADVOCACY ACTIVITY WITH CONGRESS AND MULTIPLE GOVERNMENT AGENCIES, INCLUDING THE FDA, CMS, NIH, AND THE DEPARTMENT OF EDUCATION. ADVOCACY INCLUDES MEETINGS, WRITTEN COMMENT LETTERS, AND LEGISLATIVE DRAFTING. 1261803 1261803 0 781841 751963 29878 651887 646173 5714 35592 DUE FROM RELATED PARTY 84856 RIGHT OF USE FINANCE LEASE ASSET 11688 RIGHT OF USE OPERATING LEASE ASSET 3218697 3315241 DEFERRED COMPENSATION 113490 DUE TO RELATED PARTY 20326 FINANCE LEASE LIABILITY 12020 OPERATING LEASE LIABILITY 3738072 3883908 X PART X, LINE 2: THE ACADEMY'S APPLICATION OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REGARDING UNCERTAIN TAX POSITIONS HAS NO EFFECT ON ITS FINANCIAL POSITION AS MANAGEMENT BELIEVES THE ACADEMY HAS NO MATERIAL UNRECOGNIZED INCOME TAX BENEFITS, INCLUDING ANY POTENTIAL RISK OF LOSS OF THEIR NONPROFIT TAX STATUS, THEREFORE, NO LIABILITY RELATING TO UNCERTAIN TAX POSITIONS HAS BEEN RECORDED AS OF DECEMBER 31, 2024. THE ACADEMY WOULD ACCOUNT FOR ANY POTENTIAL INTEREST OR PENALTIES RELATED TO POSSIBLE FUTURE LIABILITIES FOR UNRECOGNIZED INCOME TAX BENEFITS AS INCOME TAX EXPENSE. X X X X X 0 0 0 0 0 0 0 0 0 THOMAS E STAUTZENBACH CAE ADVISOR EXECUTIVE 372667 0 79346 0 6672 0 1708 0 41136 0 501529 0 0 0 TRACY J SEREIKO EXECUTIVE DIRECTOR & CEO 348136 0 7000 0 722 0 27600 0 41136 0 424594 0 0 0 KAVITHA NEERUKONDA AED, QUALIY & REGISTRY INI 201484 0 7000 0 450 0 89621 0 34464 0 333019 0 0 0 MELANIE DOLAK AED, HEALTH POLICY & PRACT 211511 0 7000 0 1835 0 35300 0 32454 0 288100 0 0 0 REBECCA DEVIVO AED, EDUCATION 201912 0 7000 0 633 0 35198 0 36179 0 280922 0 0 0 SHARON POPIELEWSKI DIRECTOR, BUSINESS & RESOU 148626 0 7000 0 1304 0 43529 0 22959 0 223418 0 0 0 MEGAN BRUNNER AED, MARKETING & MEMBERSHIP 149556 0 4000 0 226 0 13058 0 28948 0 195788 0 0 0 DAVE HOMAN DIRECTOR, INFORMATION TECH 153060 0 4000 0 1290 0 4800 0 27233 0 190383 0 0 0 BRIAN THOMPSON DIRECTOR, EDUCATION 141467 0 5000 0 2073 0 11317 0 0 0 159857 0 0 0 PAMELA S SWICK DIRECTOR, ACCOUNTING 128565 0 3000 0 1657 0 10548 0 14106 0 157876 0 0 0 CATHY MENDELSOHN MANAGING EDITOR, JOURNAL & KNOWLEDGE 113866 0 4000 0 1458 0 9541 0 22259 0 151124 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 AS OF DECEMBER 31, 2024, THE ACADEMY MEMBERSHIP APPROXIMATED 11,000 MEMBERS OF WHICH 15 WERE FELLOWS (VOTING) MEMBERS. MEMBERSHIP IN THE ACADEMY IS AN ANNUAL, RENEWABLE MEMBERSHIP CYCLE FOR INDIVIDUALS. MEMBERS RECEIVE ACCESS AND DISCOUNTS TO ACADEMY PRODUCTS AND SERVICES SUCH AS EDUCATIONAL PROGRAMS THAT PROVIDE CONTINUING MEDICAL EDUCATION CREDITS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD MEMBERS ARE ELECTED FROM A LIST OF NOMINEES PRESENTED BY THE NOMINATING COMMITTEE TO THE FELLOW MEMBERS 60 DAYS BEFORE THE ANNUAL BUSINESS MEETING OR BY MEMBER PETITION PRESENTED 30 DAYS BEFORE THE ANNUAL BUSINESS MEETING. THE BOARD OF GOVERNORS' ARE ELECTED BY A MAJORITY OF THE FELLOW MEMBERS PRESENT AT THE ANNUAL BUSINESS MEETING AT WHICH A QUORUM IS PRESENT. MEMBERS AT LARGE, TREASURER AND SECRETARY ALL HAVE A 2 YEAR TERM. PAST PRESIDENT, PRESIDENT, PRESIDENT-ELECT AND VICE PRESIDENT ALL HAVE A 1 YEAR TERM. FORM 990, PART VI, SECTION A, LINE 7B THE FELLOW MEMBERS OF THE ACADEMY VOTE TO ELECT THE BOARD OF GOVERNORS, APPROVE APPLICATIONS INTO MEMBERSHIP AND AMEND THE BYLAWS AT THE ANNUAL BUSINESS MEETING WHERE A QUORUM IS PRESENT. FORM 990, PART VI, SECTION B, LINE 11B TO ENSURE TIMELY FILING OF THE IRS FORM 990, THE EXECUTIVE DIRECTOR SHALL SIGN AND CERTIFY THAT THE FORM IS ACCURATE AND COMPLETE. WITHIN 60 DAYS OF FILING THE 990, A COPY OF THE RETURN WILL BE EMAILED TO THE AUDIT COMMITTEE, A SUBSET OF THE BOARD, FOR REVIEW. THE AUDIT COMMITTEE WILL RESPOND BY REPLY EMAIL WITH ANY QUESTIONS WHICH WILL BE ADDRESSED AS NECESSARY BY STAFF AND/OR THE AUDITORS. IN THE EVENT THAT ANY CONCERNS ARE RAISED THAT NEED TO BE DISCUSSED BY THE FULL BOARD OF GOVERNORS, THESE ISSUES WILL BE PLACED ON THE NEXT PHONE CONFERENCE OR IN PERSON AT THE MEETING OF THE BOARD OF GOVERNORS. IN YEARS WHEN ISSUES DO NOT NECESSITATE FULL DISCUSSION BY THE BOARD OF GOVERNORS, THE BOARD OF GOVERNORS WILL RECEIVE A COPY OF THE COMPLETED 990 WITHIN 30 DAYS OF THE MEETING OF THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, ALL BOARD MEMBERS, COMMITTEE MEMBERS, AND SENIOR STAFF MANAGERS COMPLETE A CONFLICT OF INTEREST FORM AND ARE REQUIRED TO SIGN. AT EACH BOARD MEETING, DISCLOSURE FORMS FROM EACH BOARD AND SENIOR STAFF MANAGER ARE INCLUDED IN THE AGENDA. AT THE START OF THE MEETING, THE PRESIDENT REMINDS EVERYONE OF THEIR OBLIGATION TO DISCLOSE ANY CONFLICTS THAT MAY ARISE DURING THE COURSE OF THE MEETING SO THE BOARD CAN DETERMINE WHETHER THAT MEMBER CAN PARTICIPATE IN THE DISCUSSION AND WHETHER HE OR SHE MUST ABSTAIN FROM VOTING ON AN ISSUE THAT IS DEEMED TO BE OF CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A LINE 15-A THE EXECUTIVE DIRECTOR COMPENSATION POLICY OF THE AMERICAN ACADEMY OF PHYSICAL MEDICINE AND REHABILITATION (AAPM&R) INCLUDES: (1) REVIEW, DISCUSSION AND CONSENSUS BY THE EXECUTIVE COMMITTEE REGARDING PERFORMANCE OF THE EXECUTIVE DIRECTOR BASED ON INPUT FROM THE FULL BOARD OF GOVERNORS; (2) REVIEW AND DISCUSSION OF BENCHMARK DATA AS TO COMPARABLE COMPENSATION BY THE COMPENSATION COMMITTEE; AND (3) DOCUMENATION AND RECORDKEEPING OF DECISIONS AND THEIR BASES. 1. ANNUAL REVIEW. THE AAPM&R UTILIZES ITS EXECUTIVE COMMITTEE TO ASSESS THE ANNUAL PERFORMANCE OF THE EXECUTIVE DIRECTOR. FOR THE ANNUAL PERFORMANCE REVIEW, THE FULL BOARD OF GOVERNORS, INCLUDING EX-OFFICIO MEMBERS, PARTICIPATE IN PROVIDING INPUT ON THE EXECUTIVE DIRECTOR'S SUCCESS IN ACHIEVING THE DESIRED OUTCOMES FOR THE YEAR. THE EXECUTIVE COMMITTEE REVIEWS AND DISCUSSES THE FEEDBACK PROVIDED BY THE FULL BOARD OF GOVERNORS IN EVALUATING THE EXECUTIVE DIRECTOR'S OVERALL PERFORMANCE FOR THE YEAR. 2. USE OF BENCHMARK DATA. THE AAPM&R UTILIZES ITS COMPENSATION COMMITTEE TO RECOMMEND COMPENSATION FOR THE COMING YEAR FOR THE EXECUTIVE DIRECTOR. THE COMPENSATION COMMITTEE IS COMPRISED OF THE EXECUTIVE COMMITTEE, IMMEDIATE PAST PRESIDENT, AND ON MEMBER-AT-LARGE APPOINTED BY THE EXECUTIVE COMMITTEE. THE COMPENSATION COMMITTEE UTILIZES INDEPENDENT, REPUTABLE COMPENSATION SURVEYS COMPRISED OF COMPARABLE NOT-FOR-PROFIT DATA TO BENCHMARK THE EXECUTIVE DIRECTOR'S COMPENSATION TO MEMBERSHIP ASSOCIATIONS OF COMPARABLE SCOPE, BUDGETS AND LOCATION. AAPM&R TARGETS ITS PAY AT THE MEDIAN OF THE MARKETPLACE FOR WAGES IN COMPARABLE LABOR MARKETS (USUALLY THE ASSOCIATION SECTOR; DATA IS ALSO DRAWN FROM THE GENERAL INDUSTRY WHERE SIGNIFICANT LABOR COMPETITION COMES FROM THE BROADER MARKET). THIS TARGET REPRESENTS WHAT THE AAPM&R WOULD LIKE TO PAY FOR FULLY COMPETENT JOB PERFORMANCE. THE RELATIONSHIP OF AN INDIVIDUAL EMPLOYEE'S PAY TO THE TARGET DEPENDS ON SEVERAL FACTORS, INCLUDING DEMONSTRATED JOB SKILL, QUALITY OF WORK, COMPETENCIES, OTHER PERFORMANCE-RELATED FACTORS, AND MARKET PRESSURE. 3. DOCUMENATION AND RECORDKEEPING OF DECISIONS AND THEIR BASES. BASED ON PERFORMANCE EVALUATION CONSENSUS FROM THE EXECUTIVE COMMITTEE AND COMPENSATION RECOMMENDATIONS FROM THE COMPENSATION COMMITTEE, THE EXECUTIVE COMMITTEE DEVELOPS RECOMMENDATIONS FOR PERCENTAGE INCREASE IN SALARY FOR THE YEAR AND THE AMOUNT OF INCENTIVE PAYMENT TO BE AWARDED. THE RECOMMENDATIONS ARE PRESENTED FOR APPROVAL TO THE FULL BOARD OF GOVERNORS, EXCLUDING THE EX-OFFICIO MEMBERS, IN AN EXECUTIVE SESSION WITHOUT THE PRESENCE OF THE EXECUTIVE DIRECTOR. THE RECOMMENDATIONS INCLUDE SUMMARIES OF BOTH THE EXECUTIVE AND COMPENSATION COMMITTEES' DISCUSSIONS AND THE COMPARABILITY DATA RELIED UPON AND HOW IT WAS OBTAINED. THE BOARD MINUTES MUST REFLECT THE TERMS OF THE INCREASE AND INCENTIVE AWARD, DATE OF APPROVAL, THE MEMBERS PRESENT AND VOTING AND ANY ACTIONS TAKEN REGARDING CONSIDERATION OF THE ISSUES. LINE 15-B COMPENSATION FOR KEY EMPLOYEES OF THE ACADEMY IS DETERMINED BY THE EXECUTIVE DIRECTOR WHO UTILIZES AN ANNUAL REVIEW PROCESS, BENCHMARK DATA AND TOTAL ANNUAL APPROVED COMPENSATION BUDGET TO DETERMINE APPROPRIATE PERCENTAGE INCREASES TO COMPENSATION. OFFICERS WHO ARE MEMBERS OF THE BOARD OF GOVERNORS SERVE IN A VOLUNTEER CAPACITY AND ARE NOT COMPENSATED EXCEPT FOR TRAVEL EXPENSE REIMBURSEMENT. OFFICERS MAY BE COMPENSATED FOR OTHER SERVICES PROVIDED TO THE ACADEMY SUCH AS SPEAKER HONORARIA OR JOURNAL EDITOR STIPENDS. FORM 990, PART VI, SECTION C, LINE 19 THE ACADEMY DOES NOT MAKE, NOR IS THERE ANY REQUIREMENT TO MAKE, ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FOUNDATION FOR PM&R 9700 W BRYN MAWR AVE 200 ROSEMONT IL 60018 043630273 EDUCATION & RESEARCH IL 501(C)(3) LINE 7 N/A 0 0 1 1 1 1 0 0 0 0 0 0 1 0 1 1 0 1 1 0 FOUNDATION FOR PM&R L 28359 ACTUAL RECEIPTS FOUNDATION FOR PM&R Q 214358 ACTUAL EXPENSE FOUNDATION FOR PM&R E 20326 INTERCOMPANY PAYABLE FOUNDATION FOR PM&R D 84856 INTERCOMPANY RECEIVABLE