| Form 990, Part I, Line 5 |
Salaries for the Academy of Science are processed and paid by the St. Louis Science Center. There is no current relationship between the Academy and the Science Center other than a contract for rented space and other services rendered by the Science Center, such as payroll processing, which are reimbursed by the Academy. The Science Center processes and pays salaries then sends an invoice for reimbursement by the Academy for the total amount of salaries paid including the FICA match and all health and retirement benefits. The Academy therefore pays for all salaries and benefits and these costs are included on the Statement of Functional Expenses. But payroll processing, including preparation of W2 and W3 forms and employment tax returns are handled by the Science Center under their tax ID number. |
| Form 990, Part V, Line 2a |
Salaries for the Academy of Science are processed and paid by the St. Louis Science Center. There is no current relationship between the Academy and the Science Center other than a contract for rented space and other services rendered by the Science Center, such as payroll processing, which are reimbursed by the Academy. The Science Center processes and pays salaries then sends an invoice for reimbursement by the Academy for the total amount of salaries paid including the FICA match and all health and retirement benefits. The Academy therefore pays for all salaries and benefits and these costs are included on the Statement of Functional Expenses. But payroll processing, including preparation of W2 and W3 forms and employment tax returns are handled by the Science Center under their tax ID number. |
| Form 990, Part VI, Section A, Line 2 |
A few Academy Trustees engage personal services for investment advice and legal services from companies where other trustees are employed or are principles. The Board is aware of this and it ha been determined that no conflict exists. |
| Form 990, Part VI, Section B, Line 11b |
The Academy's form 990 is reviewed by the Executive Committee of the Board of Trustees. After review and approval by the Executive Committee, the 990 is submitted to the full board for their review and comments. The 990 is then transmitted to the IRS. |
| Form 990, Part VI, Section B, Line 12c |
To monitor transactions for conflicts of interest, each officer and trustee annually reviews the conflict of interest policy and provides a written statement indicating any potential of actual conflicts. Any statement provided from the officers and trustees that indicate any potential conflict is reviewed by the Board to determine whether a conflict exists. If a conflict would be determined, the Board would impose restriction on the person with the conflict, prohibiting them from impacting the decisions regarding the topic therefore removing the conflict. |
| Form 990, Part VI, Section B, Line 15 |
Compensation is reviewed annually for the Chief Executive Officer. There are no key employees and no Board Trustee or Officer receives any compensation. The CEO's compensation is reviewed by the Executive Committee of the Board of Trustees. The committee compares data for similarly qualified persons at similar organizations. After review, the Executive Committee approves compensation and records decisions regarding the compensation agreement and presents the compensation to the Board for approval. |
| Form 990, Part VI, Section C, Line 19 |
The Academy's governing documents and conflict of interest policy are available upon request to the general public. The Academy's financial statements and IRS Form 990 are available through the Academy's website and are also available through the GuideStar website. |
| Form 990, Part VII, Section A, Line 1a |
The compensation listed for the highest paid employee is the compensation reported on the employee's W-2 provided by the St. Louis Science Center. All employees' wages including the amount listed in Part VII are paid back to the Science Center by the Academy. See explanation on Schedule O: Form 990, Part V, Line 2a. |
Attach to Form 990 or 990-EZ.