Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | MEMBERS ARE COMPOSED OF WHOLESALERS AND MANUFACTURERS OF APPAREL AND FOOTWEAR PRODUCTS AND OF COMPANIES THAT SUPPLY PRODUCTS AND SERVICES TO THEM. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE OFFICERS ARE THE NOMINATING COMMITTEE. THEY TAKE SUGGESTIONS FROM OTHER BOARD MEMBERS, AND AAFA STAFF AND OTHERS AND DECIDE WHO TO PROPOSE FOR BOARD SERVICE. THE CEO DISTRIBUTES A LIST OF PROPOSED BOARD MEMBERS ON A FORM WHICH INCLUDES BLANK LINES FOR MEMBERS TO FILL IN. THE ENTIRE MEMBERSHIP IS MAILED THE FORM AND WHEN RETURNED THE RESULTS ARE TALLIED. THIS IS THE SITUATION FOR A BRAND NEW MEMBER OF THE BOARD, OR OF AN EXISTING MEMBER WHOSE 3 YEAR TERM IS EXPIRING. FOR NEW BOARD MEMBERS WHO ARE REPLACING SOMEONE ELSE FROM THE SAME COMPANY, THE DIRECTORS APPROVE THE NEW PERSON TO FINISH THE 3 YEAR TERM. ALL NEW BOARD MEMBERS ARE ANNOUNCED AT THE MARCH ANNUAL MEETING AND THE NEW AND RE-ELECTED MEMBERS 3 YEAR TERM STARTS AT THE END OF THE MEETING. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE 990 IS REVIEWED BY THE PRESIDENT AND CFO. A COPY IS GIVEN TO THE AUDIT COMMITTEE AND IT IS SUGGESTED THAT THE EXTERNAL ACCOUNTANT REVIEW THE 990 WITH THE AUDIT COMMITTEE PRIOR TO THE BOARD MEETING. SUBSEQUENT TO IT BEING FILED, THE 990 IS MADE AVAILABLE TO THE BOARD MEMBERS AT THE FALL BOARD MEETING WHERE COPIES OF THE 990 WILL BE AVAILABLE FOR THE BOARD MEMBERS AND THE CFO GOES OVER IT WITH THEM. | |
| FORM 990, PART VI, SECTION B, LINE 12C | OFFICERS AND DIRECTORS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST POLICY FORM DESCRIBING ANY CONFLICT THEY MIGHT HAVE. THESE FORMS ARE REVIEWED AND UPDATED ANNUALLY. | |
| FORM 990, PART VI, SECTION B, LINE 15A | COMPARABLE SALARY SCALES ARE PROVIDED TO THE OFFICERS FOR USE IN DETERMINING THE COMPENSATION OF THE CEO. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ASSOCIATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE ASSOCIATION DOES, UPON REQUEST SHARE FINANCIAL STATEMENTS WITH BANKS, INSURANCE COMPANIES AND OTHER VENDORS FOR THE PURPOSE OF OBTAINING CREDIT. IN ADDITION, THE 990 IS AVAILABLE TO ANYONE UPON REQUEST. |
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