Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | PAGE 6 EXPLAINATION | |
| FORM 990, PART VI, SECTION A, LINE 7A | ALL MEMBERS OF THE BOARD OF DIRECTORS ARE SELECTED BY ALA'S ASSOCIATION NOMINATING COMMITTEE (ANC); THE ANC AND ITS COMPOSITION AND AUTHORITY ARE SET FORTH IN THE ASSOCIATION'S BYLAWS. | |
| FORM 990, PART VI, SECTION A, LINE 8B | NO COMMITTEE OF THE ASSOCIATION HAS AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE ASSOCIATION DISSEMINATED THE 990 TO A BOARD MEMBER, WHO IS A CPA, FOR REVIEW, AS WELL AS THE AUDIT/EXECUTIVE COMMITTEE PRIOR TO FILING. A REPORT WILL BE MADE BY THIS COMMITTEE TO THE FULL BOARD. | |
| FORM 990, PART VI, SECTION B, LINE 12C | AS IT RELATES TO THE MEMBERS OF THE BOARD OF DIRECTORS AND THE EXECUTIVE DIRECTOR, THE CONFLICT OF INTEREST POLICY IS MONITORED VIA: (1) ANNUAL DISCUSSION OF THE POLICY BY THE BOARD AT ITS SUMMER MEETING, INCLUDING DISCUSSION OF POTENTIAL INDIVIDUAL SITUATIONS/CONFLICTS; (2) COMPLETION OF THE ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE SPECIFIED IN THE BROADER BOARD MEMBERS' CODE OF CONDUCT GOVERNANCE POLICY AND REVIEW OF THOSE QUESTIONNAIRES BY THE PRESIDENT AND THE EXECUTIVE DIRECTOR; AND (3) MONITORING BY THE EXECUTIVE DIRECTOR OF POTENTIAL CONFLICTS BASED UPON ISSUES THAT COME BEFORE THE BOARD THROUGHOUT THE YEAR. THE EXTENSION OF THE CONFLICT OF INTEREST POLICY TO SECOND LEVEL MANAGEMENT - ALA STAFF DEPARTMENTAL DIRECTORS - IS MONITORED BY FILING OF A SIMILAR ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE. THESE QUESTIONNAIRES ARE REVIEWED BY THE EXECUTIVE DIRECTOR, WHO MAY IN HIS DISCRETION ALSO HAVE A QUESTIONNAIRE OR QUESTIONNAIRES REVIEWED BY THE PRESIDENT. THE EXECUTIVE DIRECTOR ALSO MONITORS POTENTIAL CONFLICTS ON AN ONGOING BASIS VIA, FOR EXAMPLE, REVIEWING AND EXECUTING ALL ASSOCIATION CONTRACTS, INCLUDING THOSE NEGOTIATED AND APPROVED BY SECOND LEVEL MANAGEMENT. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD MET IN EXECUTIVE SESSION, AND WITHOUT THE EXECUTIVE DIRECTOR PRESENT, TO CONSIDER COMPENSATION MATTERS AND PRESENTED ITS EVALUATION AND COMPENSATION RECOMMENDATIONS CONCERNING THE PERFORMANCE OF THE EXECUTIVE DIRECTOR. IN CONNECTION WITH THE COMPENSATION ISSUE, THE COMMITTEE SHARED WITH THE FULL BOARD COMPARABLE INFORMATION DRAWN FROM SALARY BENEFITS SURVEYS INCLUDING THE 2009/2010 ASSOCIATION COMPENSATION AND BENEFITS SURVEY CONDUCTED AND PUBLISHED BY THE ASSOCIATION FORUM OF CHICAGOLAND AND THE 2009 BLUE CHIP ASSOCIATION COMPENSATION AND BENEFITS SURVEY CONDUCTED AND PUBLISHED BY THE AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES. AFTER FULL DISCUSSION, THE REPORT OF THE EXECUTIVE COMMITTEE WAS APPROVED. THE BOARD ALSO RECEIVED A REPORT FROM THE EXECUTIVE COMMITTEE CONCERNING ITS REVIEW OF THE ASSOCIATION'S SALARY STRUCTURE FOR "HIGHLY-COMPENSATED EMPLOYEES" (AS DEFINED BY THE U.S. INTERNAL REVENUE SERVICE) IN COMPARISON WITH SALARIES FOR SIMILARLY-SITUATED EMPLOYEES IN OTHER ASSOCIATIONS AND NON-PROFIT ORGANIZATIONS IN THE CHICAGO AREA. BASELINE SURVEY NUMBERS USED BY THE EXECUTIVE COMMITTEE WERE DRAWN FROM THE 2009/2010 ASSOCIATION COMPENSATION AND BENEFITS SURVEY CONDUCTED AND PUBLISHED BY THE ASSOCIATION FORUM OF CHICAGOLAND AND COVERING 11 ALA STAFF POSITIONS. ON BEHALF OF THE EXECUTIVE COMMITTEE, THE PRESIDENT REPORTED THAT ON THE BASIS OF THIS REVIEW THE EXECUTIVE COMMITTEE FOUND THE SALARIES OF ALA'S HIGHLY-COMPENSATED EMPLOYEES TO BE REASONABLE AND WITHIN THE RANGES FOR COMPARABLE POSITIONS IN COMPARABLE ASSOCIATIONS IN THE CHICAGO AREA. | |
| FORM 990, PART VI, SECTION C, LINE 19 | CURRENTLY THE ORGANIZATION HAS NO POLICY REGARDING THE AVAILABILITY OF THIS INFORMATION TO THE PUBLIC, AS IT HAS NEVER BEEN REQUESTED. HOWEVER, IF REQUESTED, THE ORGANIZATION WOULD PROVIDE THE INFORMATION IF DEEMED APPROPRIATE. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -3,178. |
| FORM 990, PART XI, LINE 2C: | THE PROCESS REGARDING THE AUDIT COMMITTEE'S OVERSIGHT OF THE AUDIT AND REVIEW OF THE FINANCIAL STATEMENTS HAS REMAINED CONSISTENT WITH THE PRIOR YEAR PROCESS. |
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