Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | PER THE ORGANIZATION'S ARTICLES OF INCORPORATION, THEY ARE ORGANIZED AS A NON-STOCK MEMBERSHIP. | |
| FORM 990, PART VI, SECTION A, LINE 7A | OUR MEMBERS ELECT OUR OFFICERS UNLESS THEY ARE NOMINATED AND RUN UNOPPOSED. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE EXECUTIVE DIRECTOR AND THE TREASURER OF THE ORGANIZATION BOTH REVIEW THE FORM 990 BEFORE IT IS FILED WITH THE IRS. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION HAS A FORM THAT EACH BOARD MEMBER IS ASKED TO COMPLETE AND SIGN ANNUALLY STATING ANY CONFLICTS THAT EXIST. BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS THAT MAY ARISE DURING THE YEAR. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE COMMITTEE NEGOTIATES A DRAFT CONTRACT WITH THE EXECUTIVE DIRECTOR AND THE BOARD APPROVES IT WITH THE PRESIDENT SIGNING IT. THE EXECUTIVE COMMITTEE REVIEWS ALL STAFF SALARIES & BENEFITS AGAINST SIMILAR ORGANIZATION'S SALARIES & BENEFITS REPORTED IN THE ASAE & ASVMAE COMPENSATION SURVEY'S. | |
| FORM 990, PART VI, SECTION C, LINE 19 | COPIES ARE KEPT ON FILE AT THE OFFICE AND ARE AVAILABLE UPON REQUEST. SOME INFORMATION IS ALSO POSTED ON THE ORGANIZATION'S WEBSITE. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | NET UNREALIZED GAINS ON INVESTMENTS: 33,229. |
| ACCOUNTING METHOD | FORM 990, PART XII, LINE 1 | THE ORGANIZATION USES THE MODIFIED CASH BASIS ACCOUNTING METHOD. |
| OVERSIGHT OF COMPILED FINANCIAL STATEMENTS | FORM 990, PART XII, LINE 2C | MICHIGAN VETERINARY MEDICAL ASSOCIATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE COMPILATION 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: 38-1485391 FOR THE YEAR ENDING DECEMBER 31, 2010 MICHIGAN VETERINARY MEDICAL ASSOCIATION, 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 5 YEAR CLASS. SEE ATTACHED FORM 4562. |
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