Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 1 | EXECUTIVE COMMITTEE CONSISTS OF MEMBERS OF THE GOVERNING BODY AND HAS THE AUTHORITY TO ACT ON BEHALF OF THE ENTIRE BOARD. | |
| FORM 990, PART VI, SECTION A, LINE 2 | TAMEA A. BOONE, THE TREASURER, AND MICHAEL D. BOONE, THE SECRETARY, ARE SPOUSES. | |
| FORM 990, PART VI, SECTION A, LINE 6 | TWO CLASSES OF MEMBERS - REGULAR MEMBERS WHO ARE VOTING MEMBERS AND ASSOCIATE MEMBERS WHO ARE NON VOTING MEMBERS. | |
| FORM 990, PART VI, SECTION A, LINE 7A | REGULAR MEMBERS HAVE ONE VOTE FOR EACH VACANT SEAT(S) ON THE BOARD OF DIRECTOR. | |
| FORM 990, PART VI, SECTION A, LINE 7B | ANY CHANGES TO THE BYLAWS MUST BE APPROVED BY THE MEMBERS. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 WILL BE PREPARED BY AN ACCOUNTING FIRM AND THE DRAFT WILL BE REVIEWED BY THE PRESIDENT AND TREASURER. ALL OF THE BOARD AND THE AUDIT COMMITTEE WILL BE E-MAILED A COPY OF THE DRAFT FORM 990 FOR REVIEW PRIOR TO FILING WITH THE IRS. | |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICT OF INTEREST POLICY WILL BE REVIEWED AND COMPLETED ON ANNUAL BASIS. INTERESTED PERSONS MUST DISCLOSE THE EXISTENCE OF CONFLICT AND WILL BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS. THE REMAINING BOARD MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. AFTER EXERCISING DUE DILIGENCE, THE BOARD SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. | |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION COMMITTEE REVIEWS CEO/PRESIDENT'S EMPLOYMENT CONTRACT BASED ON COMPENSATION SURVEYS. THE SALARY WAS LAST REVIEWED IN 2008. ALL OTHER PAID OFFICERS AND STAFF HAVE A SALARY REVIEW ANNUALLY BY THE PRESIDENT USING VARIOUS SALARY SURVEYS. | |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO PUBLIC UPON REQUEST. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | NET UNREALIZED GAINS ON INVESTMENTS: 510,614. UNREALIZED GAIN ON INVESTMENTS |
| RESPONSILIBITY FOR OVERSIGHT OF THE AUDIT OF FINANCIAL STATEMENTS | FORM 990, PART XI, LINE 2C | THE PROCESS DID NOT CHANGE FROM PRIOR YEAR. |
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