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ATLANTA COMMITTEE FOR PROGRESS INC: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
ATLANTA COMMITTEE FOR PROGRESS INC (EIN 20-1216496)
Tax period
2010-01-01 to 2010-12-31
Filed
2011-11-14
IRS object ID
201113189349302916
Schema version
2010v3.4
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2011-11-14T10:08:42-06:00Timestamp
Tax Period End Date2010-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1E SHAWN DANLEY CPA PCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line12336 WISTERIA DR STE 220AddressLine1
CitySNELLVILLECity
StateGAState
ZIP Code30078ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2010-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN201216496EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1ATLANTA COMMITTEE FOR PROGRESS INCBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlATLANameControl
Phone4045890709Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line11270 CAROLINE ST SUITE D120-349AddressLine1
CityATLANTACity
StateGAState
ZIP Code30307ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameCLAIRE LEWIS ARNOLDName
TitleTREASURERTitle
Phone4045890709Phone
Date Signed2011-11-01DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameE SHAWN DANLEY CPA PCName
Phone6783440150Phone
Date Prepared2011-11-14DatePrepared
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-03-07 17:11:31ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeXAddressChange
Gross Receipts611145GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
Organization501cXOrganization501c
Web SiteN/AWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation2004YearFormation
State Legal DomicileGAStateLegalDomicile
Activity Or Mission DescriptionACP IS A GROUP COMMITTED TO IDENTIFYING & PROVIDING LEADERSHIP ON SELECTED ISSUES IMPORTANT TO DRIVING THE ECONOMIC DEVELOPMENT OF ATLANTA GEORGIA AND FOR WHICH THEIR ACTIVE INVOLVEMENT WILL MAKE A MAJOR DIFFERENCE. THE ACP HAS A BIAS FOR ACTION AND IS COMMITTED TO ACCOMPLISHING THIS MISSION IN THE MOST EFFECTIVE WAY POSSIBLE. ACCORDINGLY, THE ACP OPERATES BASED ON THE FOLLOWING PRINCIPLES: 1. THE ACP WILL FOCUS PRINCIPALLY ON THE CITY OF ATLANTA, BUT COORDINATE ITS ACTIVITIES WITH OTHER ORGANIZATIONS TO ENSURE MAXIMUM IMPACT FOR THE REGION AS A WHOLE; 2. THE ACP WILL FOCUS ON A LIMITED NUMBER OF ISSUES CRITICAL TO ECONOMIC DEVELOPMENT; 3. THE ACP WILL WORK THROUGH EXISTING ORGANIZATIONS TO ACCOMPLISH ITS GOALS WHENEVER POSSIBLE; 4. THE ACP WILL ADDRESS ISSUES WITH ANALYTICAL RIGOR, INCLUDING THE USE OF CLEAR WORK PLANS, METRICS, MILESTONES AND DEADLINES; 5. THE ACP WILL MAKE DECISIONS THROUGH ITS EXECUTIVE COMMITTEE, A MEMBERS ONLY BODY (NO SUBSTITUTES) CONSISTING OF CHIEF EXECUTIVE OActivityOrMissionDescription
Nbr Voting Members Governing Body29NbrVotingMembersGoverningBody
Nbr Independent Voting Members29NbrIndependentVotingMembers
Total Nbr Employees0TotalNbrEmployees
Total Gross UBI0TotalGrossUBI
Contributions Grants Current Year0ContributionsGrantsCurrentYear
Program Service Revenue Prior Year671000ProgramServiceRevenuePriorYear
Program Service Revenue CY610500ProgramServiceRevenueCY
Investment Income Prior Year1054InvestmentIncomePriorYear
Investment Income Current Year645InvestmentIncomeCurrentYear
Other Revenue Current Year0OtherRevenueCurrentYear
Total Revenue Prior Year672054TotalRevenuePriorYear
Total Revenue Current Year611145TotalRevenueCurrentYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Current Year0SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year603390OtherExpensePriorYear
Other Expenses Current Year826912OtherExpensesCurrentYear
Total Expenses Prior Year603390TotalExpensesPriorYear
Total Expenses Current Year826912TotalExpensesCurrentYear
Revenues Less Expenses Prior Year68664RevenuesLessExpensesPriorYear
Revenues Less Expenses CY-215767RevenuesLessExpensesCY
Total Assets BOY395690TotalAssetsBOY
Total Assets EOY185013TotalAssetsEOY
Total Liabilities BOY47192TotalLiabilitiesBOY
Total Liabilities EOY52282TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY348498NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY132731NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIIXInfoInScheduleOPartIII
Mission DescriptionACP IS A GROUP COMMITTED TO IDENTIFYING & PROVIDING LEADERSHIP ON SELECTED ISSUES IMPORTANT TO DRIVING THE ECONOMIC DEVELOPMENT OF ATLANTA GEORGIA AND FOR WHICH THEIR ACTIVE INVOLVEMENT WILL MAKE A MAJOR DIFFERENCE. THE ACP HAS A BIAS FOR ACTION AND IS COMMITTED TO ACCOMPLISHING THIS MISSION IN THE MOST EFFECTIVE WAY POSSIBLE. ACCORDINGLY, THE ACP OPERATES BASED ON THE FOLLOWING PRINCIPLES: 1. THE ACP WILL FOCUS PRINCIPALLY ON THE CITY OF ATLANTA, BUT COORDINATE ITS ACTIVITIES WITH OTHER ORGANIZATIONS TO ENSURE MAXIMUM IMPACT FOR THE REGION AS A WHOLE; 2. THE ACP WILL FOCUS ON A LIMITED NUMBER OF ISSUES CRITICAL TO ECONOMIC DEVELOPMENT; 3. THE ACP WILL WORK THROUGH EXISTING ORGANIZATIONS TO ACCOMPLISH ITS GOALS WHENEVER POSSIBLE; 4. THE ACP WILL ADDRESS ISSUES WITH ANALYTICAL RIGOR, INCLUDING THE USE OF CLEAR WORK PLANS, METRICS, MILESTONES AND DEADLINES; 5. THE ACP WILL MAKE DECISIONS THROUGH ITS EXECUTIVE COMMITTEE, A MEMBERS ONLY BODY (NO SUBSTITUTES) CONSISTING OF CHIEF EXECUTIVE OMissionDescription
Significant New Program ServicesfalseSignificantNewProgramServices
Significant ChangefalseSignificantChange
DescriptionCOLLABORATE WITH THE CITY OF ATLANTA, ATLANTA PUBLIC SCHOOLS, ATLANTA DEVELOPMENT AUTHORITY AND VARIOUS OTHER PUBLIC AND PRIVATE INSTITUTIONS IN ORDER TO ADVISE ON AND SUPPORT ECONOMIC DEVELOPMENT, BUSINESS RECRUITMENT, AND PUBLIC EDUCATION IMPROVEMENT EFFORTS.Description
Described In501 C3falseDescribedIn501C3
Schedule B RequiredfalseScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Subject To Proxy TaxfalseSubjectToProxyTax
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArtfalseCollectionsOfArt
Credit CounselingfalseCreditCounseling
Term Or Permanent EndowmentsfalseTermOrPermanentEndowments
Report Land Bldg EquipfalseReportLandBldgEquip
Report Invest Oth SecuritiesfalseReportInvestOthSecurities
Report Prog Rel InvestfalseReportProgRelInvest
Report Other AssetsfalseReportOtherAssets
Report Other LiabilitiesfalseReportOtherLiabilities
Report Fin48 FootnotefalseReportFin48Footnote
Independent Audit Financial StmtfalseIndependentAuditFinancialStmt
Consolidated Audit Financial StmtfalseConsolidatedAuditFinancialStmt
SchoolfalseSchool
Foreign OfficefalseForeignOffice
Foreign ActivitiesfalseForeignActivities
More Than5000 K To OrganizationsfalseMoreThan5000KToOrganizations
More Than5000 K To IndividualsfalseMoreThan5000KToIndividuals
Professional FundraisingfalseProfessionalFundraising
Fundraising ActivitiesfalseFundraisingActivities
GamingfalseGaming
HospitalfalseHospital
Grants To OrganizationsfalseGrantsToOrganizations
Grants To IndividualsfalseGrantsToIndividuals
Schedule J RequiredfalseScheduleJRequired
Tax Exempt BondsfalseTaxExemptBonds
Loan To Officer Or DQPfalseLoanToOfficerOrDQP
Grant To Related PersonfalseGrantToRelatedPerson
Bsnss Rltnshp With OrganizationtrueBsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family MembertrueBsnssRltnshpThruFamilyMember
Officer Entity With Bsnss RltnshptrueOfficerEntityWithBsnssRltnshp
Deductible Non Cash ContributionsfalseDeductibleNonCashContributions
Deductible Contributions Of ArtfalseDeductibleContributionsOfArt
TerminatedfalseTerminated
Partial LiquidationfalsePartialLiquidation
Disregarded EntityfalseDisregardedEntity
Related EntityfalseRelatedEntity
Related Org Controlled EntityfalseRelatedOrgControlledEntity
Transaction Related EntityfalseTransactionRelatedEntity
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredtrueScheduleORequired
Number Forms Transmitted With10960NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Number Of Employees0NumberOfEmployees
Unrelated Business IncomefalseUnrelatedBusinessIncome
Foreign Financial AccountfalseForeignFinancialAccount
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans
Taxable Party NotificationfalseTaxablePartyNotification
Non Deductible ContributionsfalseNonDeductibleContributions
Indoor Tanning ServicesfalseIndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members29NbrVotingGoverningBodyMembers
Number Independent Voting Members29NumberIndependentVotingMembers
Family Or Business RelationshiptrueFamilyOrBusinessRelationship
Delegation Of Management DutiestrueDelegationOfManagementDuties
Changes To Organizing DocsfalseChangesToOrganizingDocs
Material Diversion Or MisusefalseMaterialDiversionOrMisuse
Members Or StockholderstrueMembersOrStockholders
Election Of Board MemberstrueElectionOfBoardMembers
Decisions Subject To ApprovalfalseDecisionsSubjectToApproval
Minutes Of Governing BodytrueMinutesOfGoverningBody
Minutes Of CommitteestrueMinutesOfCommittees
Officer Mailing AddressfalseOfficerMailingAddress
Local ChaptersfalseLocalChapters
Form990 Provided To Governing BodytrueForm990ProvidedToGoverningBody
Conflict Of Interest PolicytrueConflictOfInterestPolicy
Annual Disclosure Covered PersonstrueAnnualDisclosureCoveredPersons
Regular Monitoring EnforcementtrueRegularMonitoringEnforcement
Whistleblower PolicyfalseWhistleblowerPolicy
Document Retention PolicytrueDocumentRetentionPolicy
Compensation Process CEOfalseCompensationProcessCEO
Compensation Process OtherfalseCompensationProcessOther
Investment In Joint VenturefalseInvestmentInJointVenture
States Where Copy Of Return Is FiledGAStatesWhereCopyOfReturnIsFiled
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonBRUCE MILLSNamePerson
Telephone Number4045890709TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1659 AUBURN AVENUE SUITE 234AddressLine1
CityATLANTACity
StateGAState
ZIP Code30312ZIPCode
FieldValueIRS element (for citing)
No Listed Persons CompensatedXNoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (29 entries)

TitleTitleIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationOfficerOfficer
RICHARD ANDERSON
DIRECTORX000
DR MARK P BECKER
DIRECTORX000
FRANK BLAKE
DIRECTORX000
ARTHUR M BLANK
DIRECTORX000
D SCOTT DAVIS
DIRECTORX000
JOHN FOX
DIRECTORX000
DR ROBERT FRANKLIN
DIRECTORX000
MIKE GARRETT
DIRECTORX000
LARRY L GELLERSTEDT III
DIRECTORX000
JAMES HANNAN
DIRECTORX000
DARRYL HARMON
DIRECTORX000
JIMMY HAYES
DIRECTORX000
MUHTAR KENT
DIRECTORX000
PENELOPE MCPHEE
DIRECTORX000
GP PETERSON PHD
DIRECTORX000
JOHN C PORTMAN JR
DIRECTORX000
JOHN RICE
DIRECTORX000
SYLVIA RUSSELL
DIRECTORX000
RICHARD SMITH
DIRECTORX000
JOHN W SOMERHALDER II
DIRECTORX000
DR BEVERLY TATUM
DIRECTORX000
GERI THOMAS
DIRECTORX000
RAY WEEKS
DIRECTORX000
JAMES YOUNG
DIRECTORX000
KASIM REED
DIRECTORX000
JAMES M WELLS III
DIRECTORX000
CLAIRE ARNOLD
TREASURER000X
WILLIAM CLEMENT
SECRETARY000X
PHIL KENT
CHAIRMAN000X
FieldValueIRS element (for citing)
Formers ListedfalseFormersListed
Total Comp GT150 KfalseTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources

Contractor Compensation ContractorCompensation

Name Of Contractor NameOfContractor

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1AHMANN INCBusinessNameLine1

Address Of Contractor AddressOfContractor

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1659 AUBURN AVE 234AddressLine1
CityATLANTACity
StateGAState
ZIP Code30312ZIPCode
FieldValueIRS element (for citing)
Description Of ServicesEXEC. & ADMINDescriptionOfServices
Compensation588000Compensation
FieldValueIRS element (for citing)
Number Of Contractors GT100 K1NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue

FieldValueIRS element (for citing)
DescriptionMEMBERSHIP DUESDescription
Total Revenue Column610500TotalRevenueColumn
Related Or Exempt Function Income610500RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Total Program Service Revenue610500TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column645TotalRevenueColumn
Exclusion$645ExclusionAmount

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column611145TotalRevenueColumn
Related Or Exempt Function Income610500RelatedOrExemptFunctionIncome
Exclusion$645ExclusionAmount

Fees For Services Management FeesForServicesManagement

FieldValueIRS element (for citing)
Total711976Total

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total12949Total

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total1400Total

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total97093Total

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total270Total

Insurance Insurance

FieldValueIRS element (for citing)
Total3224Total

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total826912Total
Program Services0ProgramServices
Management And General0ManagementAndGeneral
Fundraising0Fundraising

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY348940BOY
EOY97013EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY46750BOY
EOY88000EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY395690BOY
EOY185013EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY47192BOY
EOY52282EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY47192BOY
EOY52282EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY348498BOY
EOY132731EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY348498BOY
EOY132731EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY395690BOY
EOY185013EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses-215767ReconcilationRevenueExpenses
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or ReviewtrueAccountantCompileOrReview
FS AuditedfalseFSAudited
Audit CommitteefalseAuditCommittee
Financial Statement ConsolidatedXFinancialStatementConsolidated
Federal Grant Audit RequiredfalseFederalGrantAuditRequired

Schedule L IRS990ScheduleL

Form990 Schedule L Part IV Form990ScheduleLPartIV (4 entries)

RelationshipRelationshipDescription Of TransactionDescriptionOfTransactionSharing Of RevenuesSharingOfRevenues
SYLVIA ANDERSON
FORMER OFFICERTELEPHONE SERVICESfalse
CLAIRE ARNOLD
TREASURERIT SERVICESfalse
D SCOTT DAVIS
OFFICERCOURIER SERVICESfalse
JAMES M WELL II
FORMER OFFICERBANK SERVICESfalse

Form990 Schedule L Part V Form990ScheduleLPartV

FieldValueIRS element (for citing)
IdentifierADDITIONAL INFORMATIONIdentifier
Return ReferenceSCHEDULE L PART VReturnReference
ExplanationTHESE SERVICES WERE PROVIDED ON TERMS THAT WERE THE SAME OR MORE FAVORABLE TO ACP THAN TERMS AVAILABLE TO THE GENERAL PUBLICExplanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (8 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
ORGANIZATION'S MISSIONFORM 990 - ORGANIZATION'S MISSIONACP IS A GROUP COMMITTED TO IDENTIFYING & PROVIDING LEADERSHIP ON SELECTED ISSUES IMPORTANT TO DRIVING THE ECONOMIC DEVELOPMENT OF ATLANTA GEORGIA AND FOR WHICH THEIR ACTIVE INVOLVEMENT WILL MAKE A MAJOR DIFFERENCE. THE ACP HAS A BIAS FOR ACTION AND IS COMMITTED TO ACCOMPLISHING THIS MISSION IN THE MOST EFFECTIVE WAY POSSIBLE. ACCORDINGLY, THE ACP OPERATES BASED ON THE FOLLOWING PRINCIPLES: 1. THE ACP WILL FOCUS PRINCIPALLY ON THE CITY OF ATLANTA, BUT COORDINATE ITS ACTIVITIES WITH OTHER ORGANIZATIONS TO ENSURE MAXIMUM IMPACT FOR THE REGION AS A WHOLE; 2. THE ACP WILL FOCUS ON A LIMITED NUMBER OF ISSUES CRITICAL TO ECONOMIC DEVELOPMENT; 3. THE ACP WILL WORK THROUGH EXISTING ORGANIZATIONS TO ACCOMPLISH ITS GOALS WHENEVER POSSIBLE; 4. THE ACP WILL ADDRESS ISSUES WITH ANALYTICAL RIGOR, INCLUDING THE USE OF CLEAR WORK PLANS, METRICS, MILESTONES AND DEADLINES; 5. THE ACP WILL MAKE DECISIONS THROUGH ITS EXECUTIVE COMMITTEE, A MEMBERS ONLY BODY (NO SUBSTITUTES) CONSISTING OF CHIEF EXECUTIVE OFFICERS, OR EQUIVALENT, FROM LOCAL BUSINESS AND CIVIC INSTITUTIONS.
RELATED PARTY INFORMATION AMONG OFFICERSFORM 990, PAGE 6, PART VI, LINE 2AT&T H.J. RUSSELL & COMPANY CEO CHAIRMAN MARRIAGE
MANAGEMENT DELEGATEDFORM 990, PAGE 6, PART VI, LINE 3AHMANN, INC PROVIDES MANAGEMENT SERVICES FOR ATLANTA COMMITTEE FOR PROGRESS.
CLASSES OF MEMBERS OR STOCKHOLDERSFORM 990, PAGE 6, PART VI, LINE 6MEMBERS. THE ACP HAS 29 MEMMBERS, EACH OF WHOM HOLDS OR HAS HELD AN EXECUTIVE - LEVEL POSITION IN A CORPORATION, NON-PROFIT ORGANIZATION, GOVERNMENT OR EDUCATIONAL INSTITUTION.
ELECTION OF MEMBERS AND THEIR RIGHTSFORM 990, PAGE 6, PART VI, LINE 7AEACH MEMBER OF THE ATLANTA COMMITTEE FOR PROGESS ALSO SERVES ON THE BOARD OF DIRECTORS.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990FORM 990, PAGE 6, PART VI, LINE 11BTHE TREASURER OF THE BOARD OF DIRECTORS COORDINATES THE PREPARATION OF THE FORM 990. AT LEAST 15 BUSINESS DAYS PRIOR TO THE ANNUAL FILING OF THE FORM 990, THE TREASURER DELIVERS A COMPLETE DRAFT FORM 990 TO EACH MEMBER OF THE ACP'S BOARD OF DIRECTORS. THE BOARD MEMBERS THEN HAVE TEN BUSINESS DAYS TO REVIEW THE DRAFT FORM 990 AND SUBMIT COMMENTS OR QUESTIONS TO THE TREASURER. UPON THE LATER OF (I) THE RESOLUTION OF ANY REASONABLE COMMENTS AND QUESTIONS SUBMITTED BY BOARD MEMBERS WITHIN THE TEN BUSINESS DAY TIME FRAME OR (II) THE FIFTEENTH BUSINESS DAY FOLLOWING DELIVERY OF THE DRAFT TO THE ACP'S BOARD MEMBERS, THE ACP SHALL FILE THE FORM 990. IN THE EVENT THAT MATERIAL CHANGES ARE MADE TO THE DRAFT OF THE FORM 990 AFTER THE DRAFT WAS DISTRIBUTED TO THE MEMBERS OF THE ACP'S BOARD, THE TREASURER OR EXECUTIVE DIRECTOR SHALL REDISTRIBUTE A REVISED DRAFT TO EACH MEMBER OF THE ACP'S BOARD. UPON RECEIVING A REVISED DRAFT OF THE FORM 990, THE BOARD MEMBERS SHALL HAVE THREE BUSINESS DAYS TO REVIEW SUCH REVISED DRAFT AND SUBMIT COMMENTS AND QUESTIONS TO THE TREASURER. UPON THE LATER OF (I) THE RESOLUTION OF ANY REASONABLE COMMENTS AND QUESTIONS SUBMITTED BY BOARD MEMBERS WITHIN THE THREE BUSINESS DAY TIME FRAME OR (II) THE FIFTH BUSINESS DAY FOLLOWING DELIVERY OF THE REVISED DRAFT TO THE ACP'S BOARD MEMBERS, THE ACP SHALL FILE THE FORM 990.
ENFORCEMENT OF CONFLICTS POLICYFORM 990, PAGE 6, PART VI, LINE 12CTHE CHAIRMAN OF THE BOARD IS RESPONSIBLE FOR MONITORING ALL CONFLICTS OF INTEREST THAT HAVE BEEN DISCLOSED BY BOARD MEMBERS, COMMITTEE MEMBERS, EMPLOYEES AND OTHER REPRESENTATIVES. IN THE EVENT THAT THERE IS A MATERIAL DEVELOPMENT WITH RESPECT TO A CONFLICT OF INTEREST, THE CHAIRMAN OF THE BOARD IS REQUIRED TO DISCLOSE SUCH DEVELOPMENT TO THE BOARD OF DIRECTORS. THE CHAIRMAN OF THE BOARD ALSO MONITORS PROPOSED OR ONGOING TRANSACTIONS OF THE ACP (E.G., CONTRACTS WITH VENDORS AND COLLABORATIONS WITH THIRD PARTIES) FOR CONFLICTS OF INTEREST AND DISCLOSES THEM TO THE BOARD, WHETHER DISCOVERED BEFORE OR AFTER THE TRANSACTION HAS OCCURRED. IF ANY PERSON HAS REASONABLE CAUSE TO BELIEVE THAT THE ACP'S CONFLICT OF INTEREST POLICY HAS BEEN VIOLATED, THE POLICY PROVIDES THAT SUCH PERSON SHOULD INFORM THE BOARD OF DIRECTORS, WHICH SHALL CAREFULLY EVALUATE ALL COMPLAINTS. IF THE BOARD OF DIRECTORS HAS REASONABLE CAUSE TO BELIEVE THAT A PERSON COVERED BY THE POLICY HAS VIOLATED THE POLICY, IT INFORMS SUCH PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORDS THE PERSON A REASONABLE OPPORTUNITY TO RESPOND. IF, AFTER PROVIDING THE PERSON A REASONABLE OPPORTUNITY TO RESPOND AND MAKING ANY ADDITIONAL INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD OF DIRECTORS DETERMINES THAT SUCH PERSON VIOLATED THE POLICY, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATIONFORM 990, PAGE 6, PART VI, LINE 19THE SECRETARY OF THE BOARD COORDINATES THE MAINTENANCE OF THE ACP'S RECORDS. THE SECRETARY CONSIDERS THE APPROPRIATE RESPONSE TO WRITTEN REQUESTS FOR INFORMATION OR COMPANY RECORDS, INCLUDING THE COMPANY'S ARTICLES OF INCORPORATION, BYLAWS, FINANCIAL STATEMENTS AND POLICIES, FROM MEMBERS OF THE PUBLIC.