Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE ASSOCIATION HAS APPROXIMATELY 1,700 MEMBERS IN THREE CLASSES: DISTRIBUTOR, MANUFACTURER AND ASSOCIATE. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ASSOCIATION SHALL ANNUALLY REQUEST ITS MEMBERS TO SUBMIT THE NAMES OF QUALIFIED CANDIDATES FOR NOMINATION AS TRUSTEE. FROM THE NAMES SUBMITTED BY THE MEMBERS AND SUCH OTHER CANDIDATES AS IT MIGHT DEVELOP, THE BOARD OF TRUSTEES SHALL NOMINATE A QUALIFIED PERSON (OR PERSONS) FOR EACH VACANCY. THE SECRETARY SHALL PREPARE AND MAIL TO THE MEMBERS A BALLOT CONTAINING THE NAMES OF THE NOMINEES. ALL COMPLETED BALLOTS RECEIVED BY THE SECRETARY AT LEAST THIRTY DAYS PRIOR TO THE ANNUAL MEETING SHALL BE DEEMED VALID. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE COMPLETED FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND ACCOUNTING MANAGER PRIOR TO BEING SIGNED AND FILED. | |
| FORM 990, PART VI, SECTION B, LINE 15A | THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE. THE COMMITTEE USES COMPENSATION SURVEYS FROM THE AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES, MICHIGAN SOCIETY OF ASSOCIATION EXECUTIVES AND OTHER COMPENSATION STUDIES. THE DECISIONS OF THE EXECUTIVE COMMITTEE ARE DOCUMENTED IN THE MINUTES AND IN THE EXECUTIVE DIRECTOR'S PERSONNEL FILE. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ARTICLES OF INCORPORATION FOR THE ASSOCIATION ARE AVAILABLE ON THE STATE OF MICHIGAN WEBSITE. THE BYLAWS OF THE ASSOCIATION ARE AVAILABLE ON THE ASSOCIATION WEBSITE. FINANCIAL STATEMENTS ARE MADE AVAILABLE TO MEMBERS UPON REQUEST. | |
| RECONCILIATION OF DEPRECIATION | FORM 4562 TOTAL DEPRECIATION $ 78,669 DEPRECIATION PER PART IX LINE 32 37,609 INCLUDED IN OCCUPANCY EXP. LINE 22 41,060 TOTAL $ 78,669 | |
| ELECTION TO ELECT OUT OF ADDITIONAL FIRST YEAR DEPECIATION | FORM 4562 - DEPRECIATION AND AMORTIZATION | TAXPAYER MAKES THE FOLLOWING ELECTION PERTAINING TO ADDTIONAL FIRST YEAR DEPRECIATION: CLASSES ASSETS ACQUIRED IN FYE 2011 ELECT OUT 5 YEAR $ 1,682 YES 7 YEAR $ 13,762 YES |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | NET UNREALIZED GAINS ON INVESTMENTS: 635,657. |
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