Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE CORPORATION HAS MEMBERS. | |
| FORM 990, PART VI, SECTION A, LINE 7A | REGULAR MEMBERS ARE ENTITLED TO VOTE AND DESIGNATE THE DIRECTORS. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE 990 IS RECEIVED AND REVIEWED FOR ACCURACY BY THE CEO AND THE MANAGER OF FINANCE AND PROPERTY. UPON THEIR APPROVAL, IT IS PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL. UPON APPROVAL, IT IS SIGNED AND FILED. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD REVIEWS THE POLICY ANNUALLY AND EACH MEMBER IS REQUIRED TO DISCLOSE ANY CONFLICTS. THE BOARD MEMBERS' RESPONSES ARE INCORPORATED INTO THE BOARD MINUTES. AT ANY TIME THROUGHOUT THE YEAR, BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OR POTENTIAL CONFLICTS THAT MIGHT ARISE. | |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPARABILITY STUDIES ARE PERFORMED ANNUALLY. DATA IS OBTAINED FROM VARIOUS SOURCES, INCLUDING MSAE AND ASAE, AT BOTH THE STATE AND NATIONAL LEVELS. THE EXECUTIVE COMMITTEE PRESENTS THEIR RECOMMENDATIONS TO THE FULL BOARD AT A BOARD OF DIRECTORS MEETING AND SALARIES ARE DETERMINED. COMPENSATED INDIVIDUALS ARE NOT PRESENT FOR THE DISCUSSION OR DURING THE DECISION MAKING PROCESS. COMPENSATION IS APPROVED AND DOCUMENTED TO THE RECORDS. | |
| FORM 990, PART VI, SECTION C, LINE 19 | ALL INFORMATION IS AVAILABLE UPON REQUEST. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | ROUNDING -1. TOTAL TO FORM 990, PART XI, LINE 5: -1. |
| OVERSIGHT OF AUDIT | FORM 990, PART XI, LINE 2C | AMERICAN DAIRY ASSOCIATION OF MICHIGAN, INC. HAS A COMMITTEE THAT ASSUMES RESPONSIBILTY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
| ELECTION OUT OF BONUS DEPRECIATION | FORM 4562 | EMPLOYER IDENTIFICATION NUMBER: 38-0296665 FOR THE YEAR ENDING DECEMBER 31, 2010 AMERICAN DAIRY ASSOCIATION OF MICHIGAN, INC., HEREBY ELECTS, PURSUANT TO IRC SEC. 168(K)(2)(D)(III), NOT TO CLAIM THE ADDITIONAL 50% DEPRECIATION ALLOWABLE UNDER IRC SEC. 168(K) FOR THE FOLLOWING QUALIFYING PROPERTY PLACED IN SERVICE DURING THE TAX YEAR ENDING DECEMBER 31, 2010. ALL PROPERTY IN THE 3 & 5 YEAR CLASS. SEE ATTACHED FORM 4562. |
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