Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | (A) ONLY ONE (1) VOTE MAY BE CAST ON BEHALF OF EACH ACTIVE MEMBER OF THE ASSOCIATION AT ANY ANNUAL OR SPECIAL MEETING OF THE MEMBERS OF THE ASSOCIATION. A DEALER PRINCIPAL WILL HAVE ONE (1) VOTE PER DEALERSHIP ENROLLED AS AN ACTIVE MEMBER. DEALER PRINCIPALS WITH MORE THAN ONE (1) DEALERSHIP ENROLLED AS AN ACTIVE MEMBER ARE ENTITLED TO ONE (1) VOTE PER DEALERSHIP. VOTES BY A MAJORITY OF THE ACTIVE MEMBERS PRESENT OR REPRESENTED AT ANY SUCH MEETING AT WHICH A QUORUM IS IN ATTENDANCE SHALL BE SUFFICIENT FOR TAKING ACTION. DEALER PRINCIPALS ARE DEFINED TO BE INDIVIDUALS WHO ARE OFFICERS OF ACTIVE MEMBERS OR OTHERWISE DEFINED AS DEALER PRINCIPALS IN THE ACTIVE MEMBER'S CURRENT MANUFACTURER'S/DISTRIBUTOR'S FRANCHISE AGREEMENT. THE CORPORATION MAY RELY UPON THE AUTHORITY OF ANY INDIVIDUAL IN THESE CAPACITIES FIRST PURPORTING TO EXERCISE A VOTE ON BEHALF OF AN ACTIVE MEMBER. (B) ASSOCIATE MEMBERS SHALL NOT BE ENTITLED TO VOTE. | |
| FORM 990, PART VI, SECTION A, LINE 7A | (A) ONLY ONE (1) VOTE MAY BE CAST ON BEHALF OF EACH ACTIVE MEMBER OF THE ASSOCIATION AT ANY ANNUAL OR SPECIAL MEETING OF THE MEMBERS OF THE ASSOCIATION. A DEALER PRINCIPAL WILL HAVE ONE (1) VOTE PER DEALERSHIP ENROLLED AS AN ACTIVE MEMBER. DEALER PRINCIPALS WITH MORE THAN ONE (1) DEALERSHIP ENROLLED AS AN ACTIVE MEMBER ARE ENTITLED TO ONE (1) VOTE PER DEALERSHIP. VOTES BY A MAJORITY OF THE ACTIVE MEMBERS PRESENT OR REPRESENTED AT ANY SUCH MEETING AT WHICH A QUORUM IS IN ATTENDANCE SHALL BE SUFFICIENT FOR TAKING ACTION. DEALER PRINCIPALS ARE DEFINED TO BE INDIVIDUALS WHO ARE OFFICERS OF ACTIVE MEMBERS OR OTHERWISE DEFINED AS DEALER PRINCIPALS IN THE ACTIVE MEMBER'S CURRENT MANUFACTURER'S/DISTRIBUTOR'S FRANCHISE AGREEMENT. THE CORPORATION MAY RELY UPON THE AUTHORITY OF ANY INDIVIDUAL IN THESE CAPACITIES FIRST PURPORTING TO EXERCISE A VOTE ON BEHALF OF AN ACTIVE MEMBER. (B) ASSOCIATE MEMBERS SHALL NOT BE ENTITLED TO VOTE. | |
| FORM 990, PART VI, SECTION A, LINE 7B | YES, ACTIVE MEMBERS HAVE THE RIGHT TO REQUEST SPECIAL MEETINGS, OUTSIDE OF NORMALLY SCHEDULED MEETINGS OF THE BOARD OF DIRECTORS. | |
| FORM 990, PART VI, SECTION B, LINE 11 | ONCE THE 990 IS COMPLETED BY THE TAX PREPARERS, IT WILL BE SHARED, REVIEWED AND DISCUSSED WITH THE EXECUTIVE DIRECTOR AND THE DIRECTOR OF OPERATIONS. ONCE THEY HAVE APPROVED IT, AND WITH THEIR RECOMMENDATION, IT WILL BE SENT TO THE EXECUTIVE COMMITTEE FOR COMMENT. IF NO COMMENTS ARE RECEIVED BY THE EXECUTIVE COMMITTEE, IT WILL BE CONSIDERED APPROVED FOR SUBMISSION AND SENT TO THE FULL BOARD OF DIRECTORS. | |
| FORM 990, PART VI, SECTION B, LINE 12C | EVERY BOARD MEMBER COMPLETES AND SIGNS A DISCLOSURE STATEMENT AT THE BOARD OF DIRECTORS MEETING HELD IN THE SPRING OF EACH YEAR. THE DIRECTOR OF OPERATIONS AT THE ASSOCIATION PERFORMS A REVIEW OF THE SIGNED STATEMENTS TO IDENTIFY ANY POTENTIAL CONFLICTS. | |
| FORM 990, PART VI, SECTION B, LINE 15A | COMPENSATION FOR TOP MANAGEMENT AND OFFICERS IS APPROVED BY THE BOARD OF DIRECTORS. | |
| FORM 990, PART VI, SECTION C, LINE 19 | FORM 990 IS AVAILABLE ON GUIDESTAR.COM. OTHER DOCUMENTS SUCH AS GOVERNING DOCUMENTS, FORM 1023, CONFLICT OF INTEREST AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | NET UNREALIZED GAINS ON INVESTMENTS: 551,307. |
| THE BOARD OF DIRECTORS ASSUMES THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND ITS FINANCIAL STATEMENTS AS WELL AS THE SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS PROCESS IS UNCHAGED FROM THE PRIOR YEAR. THE BOARD DETERMINES AND APPROVES THE EXECUTIVE DIRECTOR'S SALARY BUT THE EXECUTIVE DIRECTOR DETERMINES THE SALARY FOR ALL OF THE STAFF MEMBERS. |
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