Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | TREASURER AND SENIOR MANAGEMENT REVIEW FORM 990. FORM 990 IS THEN PRESENTED TO BOARD OF DIRECTORS. | |
| FORM 990, PART VI, SECTION B, LINE 15 | CHAIRMAN, VICE CHAIRMAN AND TREASURER REVIEW AND APPROVE PRESIDENT'S COMPENSATION CONTRACT. THE COMPENSATION OF ALL OTHER OFFICERS AND HIGHEST COMPENSATED EMPLOYEES IS APPROVED BY THE PRESIDENT OF THE ORGANIZATION. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE FORM 990 IS AVAILABLE UPON REQUEST AT VP OF FINANCE'S OFFICE AT ORGANIZATION OFFICE. | |
| JOINT VENTURE: | PART VI, SECTION B, LINE 16A AND B | IN DECEMBER 2009, CENTRAL ATLANTA PROGRESS, INC. (CAP) NEGOTIATED A STOCK AND MEMBERSHIP REDEMPTION AGREEMENT WITH IDI AND IDMM TO DIVEST ITS INTEREST IN BOTH ENTITIES. THE TERMS OF THE AGREEMENT STATED THAT IDI AND IDMM WOULD ACQUIRE ALL 1,000 SHARES OF THE CLASS A COMMON STOCK FROM CAP FOR A TOTAL OF $450,000. HALF OF THE PURCHASE PRICE WAS RECEIVED IN DECEMBER 2009. THE OTHER HALF OF THE PURCHASE PRICE WAS RECEIVED IN DECEMBER 2010. WITH REGARDS TO THE INITIAL TRANSACTION, THE BOARD REVIEWED AND APPROVED THIS AS A ONE-TIME TRANSACTION, THEREFORE NO WRITTEN POLICY OR PROCEDURE WAS ADOPTED BY THE ORGANIZATION. |
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