| FORM 990, PART III, LINE 1 |
DESCRIPTION OF ORGANIZATION MISSION FOUNDED IN 1967, TFAS ORGANIZES PROGRAMS FOR COLLEGE AND UNIVERSITY STUDENTS FROM THE UNITED STATES, EUROPE, THE MIDDLE EAST, ASIA AND LATIN AMERICA WHO ARE ON PATHS TOWARD LEADERSHIP IN PUBLIC POLICY, JOURNALISM, INTERNATIONAL AFFAIRS, BUSINESS, GOVERNMENT AND RELATED FIELDS. OUR GOAL IS TO PREPARE THESE YOUNG PEOPLE TO SERVE AS HONORABLE LEADERS BY EDUCATING THEM IN THE IDEAS MOST CONDUCIVE TO INDIVIDUAL FREEDOM, HUMAN ACHIEVEMENT AND PERSONAL RESPONSIBILITY. THE FUND FOR AMERICAN STUDIES OFFERS TRANSFORMATIONAL PROGRAMS THAT TEACH THE PRINCIPLES OF LIMITED GOVERNMENT, FREE MARKET ECONOMICS, AND HONORABLE LEADERSHIP TO STUDENTS AND YOUNG PROFESSIONALS. TFAS PROGRAMS INSPIRE THESE FUTURE LEADERS TO MAKE A DIFFERENCE IN THEIR COMMUNITIES AND THROUGHOUT THE WORLD BY UPHOLDING THE VALUES ESSENTIAL TO THE PRESERVATION OF A FREE SOCIETY. |
| FORM 990, PART VI, SECTION B, LINE 11: |
THE BOARD OF TRUSTEES RECEIVES A COPY OF THE COMPLETED IRS FORM 990 PRIOR TO ITS FILING. A REVIEW AND COMMENT PERIOD IS PROVIDED SO QUESTIONS AND COMMENTS CAN BE RECEIVED AND RESPONDED TO BY MANAGEMENT. THE FORM IS ALSO REVIEWED BY THE ORGANIZATION'S GENERAL COUNSEL. |
| FORM 990, PART VI, SECTION B, LINE 12C: |
THE BOARD OF TRUSTEES COMPLETES AND SIGNS AN ANNUAL CONFLICT OF INTEREST POLICY STATEMENT. THE STATEMENT ASKS THEM TO CERTIFY THAT THEY HAVE READ AND UNDERSTAND THE POLICY AND THAT THEY DO NOT HAVE ANY INTEREST THAT WOULD CONSTITUTE A CONFLICT OF INTEREST, OR KNOWINGLY TAKE ACTION THAT WOULD CONSTITUTE OR APPEAR TO CONSTITUTE A CONFLICT OF INTEREST. IT REQUIRES TRUSTEES TO DISCLOSE ANY POTENTIAL CONFLICTS TO THE PRESIDENT AND THE BOARD OF TRUSTEES, INCLUDING THOSE OF IMMEDIATE FAMILY MEMBERS. MANAGEMENT REVIEWS THE STATEMENTS FOR COMPLIANCE WITH THE BOARD POLICY AND WOULD REPORT ANY DISCLOSURES TO THE BOARD TO RESOLVE, AS WELL AS RECORD IN THE MINUTES OF THE MEETING. |
| FORM 990, PART VI, SECTION B, LINE 15A: |
THE BOARD OF TRUSTEES' COMPENSATION COMMITTEE MEETS ANNUALLY TO DISCUSS EXECUTIVE PAY. THE COMMITTEE USES ACTUAL SALARY DATA AND REVIEWS COMPARABLE SALARY/BENEFITS DATA FROM OUTSIDE SOURCES SHOWING EXECUTIVES OF OTHER SIMILAR ORGANIZATIONS. |
| FORM 990, PART VI, SECTION C, LINE 19: |
THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST BY PROVIDING COPIES OR INSPECTION AT OUR OFFICE. |
| FORM 990, PART VII, SECTION A, COMPENSATION TO trustees: |
In addition to uncompensated governance duties as Chairman of the Board of Trustees, Randal Teague is compensated for program, development and related activities. His time requirements are subject to the Board of Trustees annual budget adoption and approval of monthly time sheets attesting to such performed activities. TFAS paid $24,000 to trustee Fred Barnes for services (speaking and advising) outside of his role as a trustee. |
| Form 990, Part VI Section A line 4 |
BY law Changes: TFAS amended the bylaws in November 2016 to clarify the responsibilities of the chairman and the president to reflect its practice going forward. |
Attach to Form 990 or 990-EZ.