TY 2019 Form 990 Schedule O

efile Public Visual Render ObjectId: 202141349349302249 - Submission: 2021-05-14 TIN: 20-2610773

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2019

Open to Public
Inspection

Name of the organization

THE PHD PROJECT ASSOCIATION

Employer identification number

20-2610773

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 4	THE ORGANIZATION MADE CHANGES TO ITS BYLAWS TO INCLUDE THE NEW POSITION OF BOARD VICE CHAIR-CHAIR ELECT ("VICE CHAIR") WHO SERVES AS AN AIDE TO THE CHAIR. THE VICE CHAIR-CHAIR ELECT ALSO ASSUMES, AND AS SPECIFIED IN THE BYLAWS, PERFORMS THE DUTIES OF THE CHAIR IN THE TEMPORARY OR PERMANENT ABSENCE OF THE CHAIR FOR ANY CAUSE.
FORM 990, PART VI, SECTION B, LINE 11B	THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. TEN DAYS PRIOR TO FILING A FINAL DRAFT COPY IS PROVIDED ELECTRONICALLY TO THE BOARD MEMBERS FOR THEIR REVIEW.
FORM 990, PART VI, SECTION B, LINE 12C	THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF DIRECTORS, COMMITTEE MEMBERS AND KEY STAFF MEMBERS IN JULY ANNUALLY FOR THEIR REVIEW AND SIGNATURE. ALL MEMBERS RETURNED A SIGNED COPY TO THE PRESIDENT OF THE ASSOCIATION. BELOW IS A DESCRIPTION OF HOW DISCLOSURES ARE TO BE PRESENTED TO THE BOARD, WHAT ACTION THE INTERESTED PARTY IS THEN REQUIRED TO TAKE, THE ANNUAL DISTRIBUTION OF THE POLICY AND ACTIONS TAKEN IF A REQUIRED MEMBER FAILS TO DISCLOSE A POTENTIAL CONFLICT. DISCLOSURES: WHENEVER ANY DIRECTOR, OFFICER, COMMITTEE MEMBER OR KEY STAFF MEMBER OF THE ASSOCIATION BECOMES AWARE THAT THE ASSOCIATION IS CONSIDERING (OR HAS CONSIDERED) A TRANSACTION THAT POTENTIALLY CREATES A CONFLICT OF INTEREST, HE OR SHE IS OBLIGATED TO NOTIFY THE BOARD OF DIRECTORS AND TO DISCLOSE ALL MATERIAL FACTS RELATING TO HIS OR HER INTEREST IN THE TRANSACTION. THE BOARD OF DIRECTORS WILL DETERMINE WHETHER AN ACTUAL CONFLICT OF INTEREST EXISTS AND TAKE ACTION THAT THE BOARD DEEMS APPROPRIATE. THE INTERESTED PERSON MAY NOT BE PRESENT WHEN THE BOARD MAKES IT DETERMINATION OTHER THAN TO ANSWER QUESTIONS. WITHDRAWAL AND ABSTENTION: IF THE BOARD OF DIRECTORS DETERMINES THAT A TRANSACTION WOULD CREATE A CONFLICT OF INTEREST, THE TRANSACTION MUST BE APPROVED IN ADVANCE BY ONLY THOSE BOARD MEMBERS WHO DO NOT HAVE A CONFLICT WITH RESPECT TO THE TRANSACTION. ANY INTERESTED PERSON THEREFORE MUST RECUSE HIM - OR HERSELF FROM CONSIDERATION OF THE TRANSACTION. HE OR SHE MAY NOT VOTE ON THE TRANSACTION OR BE PRESENT WHEN THE VOTE IS TAKEN. DOCUMENTATION: THE MINUTES OF ANY MEETING AT WHICH A CONFLICT OF INTEREST TRANSACTION IS CONSIDERED MUST REFLECT THAT THE INTERESTED PERSON MADE ADEQUATE DISCLOSURES, WITHDREW FROM CONSIDERATION OF THE TRANSACTION AND ABSTAINED FROM VOTING. ACKNOWLEDGEMENT AND DISCLOSURE: EACH DIRECTOR, OFFICER, COMMITTEE MEMBER AND KEY STAFF MEMBER MUST ANNUALLY SIGN AN ACKNOWLEDGMENT WHICH AFFIRMS THAT SUCH PERSON: (A) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, (B) HAS READ AND UNDERSTANDS THE POLICY, AND (C) HAS AGREED TO COMPLY WITH THE POLICY. ADDITIONALLY, EACH OFFICER, COMMITTEE MEMBER AND KEY STAFF MEMBER MUST ANNUALLY SIGN A DISCLOSURE STATEMENT LISTING VARIOUS RELATIONSHIPS AND FINANCIAL INTERESTS THAT HE OR SHE HAS. VIOLATIONS OF THE CONFLICT OF INTEREST POLICY: IF THE BOARD OF DIRECTORS HAS REASONABLE CAUSE TO BELIEVE THAT AN INTERESTED PERSON HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT WILL INFORM THE INTERESTED PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD HIM OR HER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE RESPONSE AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE BOARD DETERMINES THAT THE INTERESTED PERSON HAS IN FACT FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT WILL TAKE APPROPRIATE ACTION WHICH MAY INCLUDE REMOVAL FROM THE BOARD OR TERMINATION OF EMPLOYMENT, AS WELL AS RECONSIDERATION OF WHETHER THE TRANSACTION OR ARRANGEMENT WAS IN THE BEST INTERESTS OF AND FAIR AND REASONABLE TO THE ASSOCIATION AT THE TIME IT WAS UNDERTAKEN.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES ITS 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, FORM 990, FORM 1023, AND GOVERNING DOCUMENTS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY.
FORM 990, PART XII, LINE 2C	THE ORGANIZATION HAS A COMMITTEE THAT 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.

Return Reference

Explanation

FORM 990, PART VI, SECTION A, LINE 4

THE ORGANIZATION MADE CHANGES TO ITS BYLAWS TO INCLUDE THE NEW POSITION OF BOARD VICE CHAIR-CHAIR ELECT ("VICE CHAIR") WHO SERVES AS AN AIDE TO THE CHAIR. THE VICE CHAIR-CHAIR ELECT ALSO ASSUMES, AND AS SPECIFIED IN THE BYLAWS, PERFORMS THE DUTIES OF THE CHAIR IN THE TEMPORARY OR PERMANENT ABSENCE OF THE CHAIR FOR ANY CAUSE.

FORM 990, PART VI, SECTION B, LINE 11B

THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. TEN DAYS PRIOR TO FILING A FINAL DRAFT COPY IS PROVIDED ELECTRONICALLY TO THE BOARD MEMBERS FOR THEIR REVIEW.

FORM 990, PART VI, SECTION B, LINE 12C

THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF DIRECTORS, COMMITTEE MEMBERS AND KEY STAFF MEMBERS IN JULY ANNUALLY FOR THEIR REVIEW AND SIGNATURE. ALL MEMBERS RETURNED A SIGNED COPY TO THE PRESIDENT OF THE ASSOCIATION. BELOW IS A DESCRIPTION OF HOW DISCLOSURES ARE TO BE PRESENTED TO THE BOARD, WHAT ACTION THE INTERESTED PARTY IS THEN REQUIRED TO TAKE, THE ANNUAL DISTRIBUTION OF THE POLICY AND ACTIONS TAKEN IF A REQUIRED MEMBER FAILS TO DISCLOSE A POTENTIAL CONFLICT. DISCLOSURES: WHENEVER ANY DIRECTOR, OFFICER, COMMITTEE MEMBER OR KEY STAFF MEMBER OF THE ASSOCIATION BECOMES AWARE THAT THE ASSOCIATION IS CONSIDERING (OR HAS CONSIDERED) A TRANSACTION THAT POTENTIALLY CREATES A CONFLICT OF INTEREST, HE OR SHE IS OBLIGATED TO NOTIFY THE BOARD OF DIRECTORS AND TO DISCLOSE ALL MATERIAL FACTS RELATING TO HIS OR HER INTEREST IN THE TRANSACTION. THE BOARD OF DIRECTORS WILL DETERMINE WHETHER AN ACTUAL CONFLICT OF INTEREST EXISTS AND TAKE ACTION THAT THE BOARD DEEMS APPROPRIATE. THE INTERESTED PERSON MAY NOT BE PRESENT WHEN THE BOARD MAKES IT DETERMINATION OTHER THAN TO ANSWER QUESTIONS. WITHDRAWAL AND ABSTENTION: IF THE BOARD OF DIRECTORS DETERMINES THAT A TRANSACTION WOULD CREATE A CONFLICT OF INTEREST, THE TRANSACTION MUST BE APPROVED IN ADVANCE BY ONLY THOSE BOARD MEMBERS WHO DO NOT HAVE A CONFLICT WITH RESPECT TO THE TRANSACTION. ANY INTERESTED PERSON THEREFORE MUST RECUSE HIM - OR HERSELF FROM CONSIDERATION OF THE TRANSACTION. HE OR SHE MAY NOT VOTE ON THE TRANSACTION OR BE PRESENT WHEN THE VOTE IS TAKEN. DOCUMENTATION: THE MINUTES OF ANY MEETING AT WHICH A CONFLICT OF INTEREST TRANSACTION IS CONSIDERED MUST REFLECT THAT THE INTERESTED PERSON MADE ADEQUATE DISCLOSURES, WITHDREW FROM CONSIDERATION OF THE TRANSACTION AND ABSTAINED FROM VOTING. ACKNOWLEDGEMENT AND DISCLOSURE: EACH DIRECTOR, OFFICER, COMMITTEE MEMBER AND KEY STAFF MEMBER MUST ANNUALLY SIGN AN ACKNOWLEDGMENT WHICH AFFIRMS THAT SUCH PERSON: (A) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, (B) HAS READ AND UNDERSTANDS THE POLICY, AND (C) HAS AGREED TO COMPLY WITH THE POLICY. ADDITIONALLY, EACH OFFICER, COMMITTEE MEMBER AND KEY STAFF MEMBER MUST ANNUALLY SIGN A DISCLOSURE STATEMENT LISTING VARIOUS RELATIONSHIPS AND FINANCIAL INTERESTS THAT HE OR SHE HAS. VIOLATIONS OF THE CONFLICT OF INTEREST POLICY: IF THE BOARD OF DIRECTORS HAS REASONABLE CAUSE TO BELIEVE THAT AN INTERESTED PERSON HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT WILL INFORM THE INTERESTED PERSON OF THE BASIS FOR SUCH BELIEF AND AFFORD HIM OR HER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE RESPONSE AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE BOARD DETERMINES THAT THE INTERESTED PERSON HAS IN FACT FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT WILL TAKE APPROPRIATE ACTION WHICH MAY INCLUDE REMOVAL FROM THE BOARD OR TERMINATION OF EMPLOYMENT, AS WELL AS RECONSIDERATION OF WHETHER THE TRANSACTION OR ARRANGEMENT WAS IN THE BEST INTERESTS OF AND FAIR AND REASONABLE TO THE ASSOCIATION AT THE TIME IT WAS UNDERTAKEN.

FORM 990, PART VI, SECTION C, LINE 19

THE ORGANIZATION MAKES ITS 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, FORM 990, FORM 1023, AND GOVERNING DOCUMENTS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY.

FORM 990, PART XII, LINE 2C

THE ORGANIZATION HAS A COMMITTEE THAT 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.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2019

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