Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | 990 REVIEWED BY MANAGEMENT AND THE BOARD'S FINANCE AND AUDIT SUBCOMMITTEE PRIOR TO FILING WITH THE IRS. | |
| FORM 990, PART VI, SECTION B, LINE 12C | BOARD MEMBERS AND KEY STAFF ARE REQUIRED TO COMPLETE AND SUBMIT A QUESTIONNAIRE AND STATEMENT OF DISCLOSURE ANNUALLY. THEY ARE REQUIRED TO INFORM THE AUDIT COMMITTEE IF THERE IS ANY CHANGE OR IF A CONFLICT ARISES DURING THE YEAR. THE AUDIT COMMITTEE REVIEWS EACH QUESTIONNAIRE AND DISCLOSURE STATEMENT OR ANY SET OF FACTS OR CIRCUMSTANCES THAT MAY REFLECT AN ACTUAL, POTENTIAL, OR APPARENT CONFLICT OF INTEREST. THE AUDIT COMMITTEE MAY REQUEST THE ASSISTANCE OF LEGAL COUNSEL TO IDENTIFY POTENTIAL CONFLICTS. THE AUDIT COMMITTEE MAY ASK FOR ADDITIONAL INFORMATION. THE AUDIT COMMITTEE MAKES RECOMMENDATIONS TO THE BOARD TO EITHER WAIVE THE CONFLICT OR ASK THE DIRECTOR TO RESIGN. THE BOARD OF DIRECTORS HAS THE FINAL DECISION ON THE RECOMMENDATIONS. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE CEO'S COMPENSATION IS DETERMINED AS PART OF THE ANNUAL BUDGET DEVELOPMENT PROCESS AND MUST BE APPROVED BY THE FINANCE COMMITTEE IN CONJUNCTION WITH THE INPUT/APPROVAL OF THE CHAIRMAN. TAKEN INTO CONSIDERATION ARE: COMPARABILITY DATA THAT DEMONSTRATES THE FAIR MARKET VALUE OF THE COMPENSATION, EXPERT COMPENSATION STUDIES BY ASAE, AND/OR CONSULTATION WITH SEARCH FIRMS. THE CEO'S PROPOSED CEO SALARY IS INCLUDED IN THE ANNUAL BUDGET WHICH IS APPROVED BY THE BOARD. | |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND YEAR END FINANCIAL STATEMENTS ARE AVAILABLE TO MEMBERS AND ARE REVIEWED AT THE ANNUAL MEMBERS'MEETING. THIS INFORMATION IS ALSO AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | NET UNREALIZED GAINS ON INVESTMENTS: 10,182. |
| FORM 990, PART XI, LINE 2C | THE PROCESS OF HAVING A COMMITTEE ASSUME RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM PRIOR YEAR. |
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