| FORM 990, PART VI, SECTION B, LINE 11: |
THE FORM 990 IS REVIEWED BY THE CONTROLLER, DIRECTOR OF FINANCE, CFO AND THE AUDIT COMMITTEE AS REPRESENTATIVES OF THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C: |
1. Each director, officer, and employee of AIPAC (hereafter "key person") in a position to influence or to vote upon any policy or business of AIPAC shall exercise good faith in all transactions relating to AIPAC, and shall not use his or her position or knowledge gained there from, directly or indirectly, to permit a conflict of interest to arise between the interests of AIPAC and the personal and/or business interests of any key person, including those of immediate family members of such key persons. 2. Prior to the authorization and discussion of any policy or business to be adopted or conducted by AIPAC, should any key person, including those of immediate family members of key persons, have any actual or potential conflict of interest between AIPAC and the policy or business to be considered, such key person shall disclose such relationship or interest to the Board or Board Committee acting on the policy or business to be authorized. However, should the policy or business to be adopted or conducted by AIPAC invoice any offer for the purchase of goods or services, in which any key person or any lay leader of AIPAC, has a personal relationship or other interest, such policy or business matter shall first be referred to the management committee for review and recommendation to the Board. 3. Upon disclosure of such relationship interest and/or recommendation of the management committee following review, the key person making such disclosure shall not participate in any of the discussions concerning the authorization of the policy or business in which the interest or relationship has been disclosed, nor shall such key person be permitted to count in determining the existence of a quorum or otherwise vote in the matter being discussed. 4. The minutes of any such meeting shall reflect the disclosure made, the vote taken, and where applicable, the abstention for participation and voting of the key person who has made the required disclosure. 5. This conflict of interest policy shall be provided to each key person at the meeting of the Board of Directors following AIPAC's annual Policy Conference. In addition, each new key person shall be provided a copy of this policy upon commencement of his or her position as a key person with AIPAC. 6. Key persons of the organization shall neither solicit nor accept gratuities, favors, or anything of monetary value from vendors or parties to sub-agreements. However, unsolicited gifts of a nominal value may be accepted only with the approval of the CEO and Vice CEO. persons of the organization shall neither solicit nor accept gratuities, favors, or anything of monetary value from vendors or parties to sub-agreements. However, unsolicited gifts of a nominal value may be accepted only with the approval of the CEO and Vice CEO. |
| FORM 990, PART VI, SECTION C, LINE 19: |
FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). |
| FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS: |
Interest Rate Swap 91,077 |
| FORM 990, PART XII, LINE 2C: |
THE PROCESS FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT THAT AUDITED THE FINANCIAL STATEMENTS HAS BEEN CONSISTENT WITH PRIOR YEARS. |
Attach to Form 990 or 990-EZ.