Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | THE BOARD OF DIRECTORS AMENDED THE BYLAWS ON JUNE 10, 2010. THE FOLLOWING IS A SUMMARY OF THE AMENDMENTS: (1) ARTICLE IV, SECTION 3: ANY DIRECTOR MAY BE REMOVED FROM OFFICE BY AN AFFIRMATIVE VOTE OF THE BOARD IF THE ORGANIZATION THE DIRECTOR REPRESENTS IS NO LONGER A MEMBER OF THE INSTITUTE, OR IF THE BOARD CONSIDERS SUCH REMOVAL TO BE IN THE BEST INTERESTS OF THE INSTITUTE. (2) ARTICLE III, SECTION 4(C): (C) THE MEMBERSHIP OF A MEMBER MAY BE TERMINATED BY AN AFFIRMATIVE VOTE OF THE BOARD OF DIRECTORS IF IN ITS DISCRETION THE BOARD BELIEVES THAT SUCH TERMINATION IS IN THE BEST INTERESTS OF THE INSTITUTE. UPON SUCH TERMINATION, A PROPORTIONATE SHARE OF SUCH MEMBERS ANNUAL DUES PAYMENT SHALL BE RETURNED TO THE MEMBER. THE RETURNED SHARE SHALL EQUAL THE PERCENTAGE OF THE MEMBERS ANNUAL DUES PAYMENT THAT IS DETERMINED BY DIVIDING BY TWELVE (12) THE NUMBER OF MONTHS REMAINING IN THE INSTITUTES FISCAL YEAR AFTER THE MEMBERS TERMINATION. | |
| FORM 990, PART VI, SECTION A, LINE 6 | FULL MEMBERS AND ASSOCIATE MEMBERS | |
| FORM 990, PART VI, SECTION A, LINE 7A | FULL MEMBERS ELECT 33 OF THE INSTITUTE'S AUTHORIZED TOTAL OF 34 BOARD MEMBERS. | |
| FORM 990, PART VI, SECTION A, LINE 7B | MEMBERS APPROVE THE BOARD RECOMMENDED BUDGET. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS PREPARED BY THE ACCOUNTING MANAGER, REVIEWED AND FINALIZED BY THE DIRECTOR OF FINANCE, THEN REVIEWED AND SIGNED BY THE MANAGING DIRECTOR BEFORE IT IS FILED WITH THE IRS. | |
| FORM 990, PART VI, SECTION B, LINE 15A | THE BOARD OF DIRECTORS HAVE ESTABLISHED A SEPARATE COMPENSATION COMMITTEE WHICH REVIEWS THE COMPENSATION OF THE ORGANIZATION CEO. THIS INCLUDES A REVIEW OF COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION OF THE ORGANIZATON'S CEO. | |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | NET UNREALIZED GAINS ON INVESTMENTS: 68,240. |
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