Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THERE ARE THREE TYPES OF MEMBERS: REGULAR MEMBERS, ASSOCIATE MEMBERS AND SECTION MEMBERS. EACH REGULAR MEMBER IS ENTITLED TO ONE VOTE. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ASSOCIATION HAS MEMBERS THAT VOTE ON THE ELECTION OF THE BOARD. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE PRESIDENT AND VICE PRESIDENT, ADMINISTRATION WILL REVIEW THE FORM 990 IN DETAIL PRIOR TO FILING. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE AIADA POLICY STATEMENT ON FIDUCIARY DUTIES AND CONFLICT OF INTEREST SHALL BE IN EFFECT AT ALL AIADA BOARD OF DIRECTOR MEETINGS TO PROPERLY GUIDE DIRECTORS IN THEIR DELIBERATIONS. AIADA AND ITS MEMBERS UNDERSTAND THAT AIADA DIRECTORS TEND TO BE ACTIVE AUTOMOBILE INDUSTRY LEADERS, USUALLY ENGAGED IN, AND COMMITTED TO, A VARIETY OF INDUSTRY ASSOCIATIONS, WHO CONTRIBUTE TO FEDERAL POLITICAL ACTION COMMITTEES, INCLUDING DEAC AND AFIT-PAC. AIADA DIRECTORS HAVE FIDUCIARY OBLIGATIONS TO AIADA. IF AN AIADA DIRECTOR ALSO SERVES AS A DIRECTOR OF ONE OR MORE AUTOMOBILE INDUSTRY ASSOCIATIONS OR PACS, HE OR SHE MUST GIVE PRIMARY FOCUS TO, AND ABIDE BY, THE FIDUCIARY DUTIES OF THE BOARD, AT WHOSE MEETING THEY ARE ATTENDING AT THE TIME. SHOULD AN AIADA DIRECTOR FIND A CONFLICT BETWEEN ANY TWO OR MORE BOARDS ON WHICH HE OR SHE SITS, THE AIADA DIRECTOR WILL DISCLOSE THE CONFLICT, AND, WHERE APPROPRIATE, RECUSE HIMSELF OR HERSELF FROM THE DISCUSSION OR VOTE ON THE MATTER IN CONFLICT. | |
| FORM 990, PART VI, SECTION B, LINE 15A | THE ASSOCIATION PRESIDENT IS EMPLOYED UNDER THE TERMS OF AN EMPLOYMENT CONTRACT. THE CONTRACT IS REVIEWED AND RE-EVALUATED BY THE THE BOARD OF DIRECTORS EVERY THREE YEARS. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | NET UNREALIZED GAINS ON INVESTMENTS: 277,583. |
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