Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| Form 990 Part VI | 6 | THE ASSOCIATION OF MASTER PAINTERS AND DECORATORS OF THE CITY OF NEW YORK, INC. HAS 60 MEMBERS. ANY PERSON, FIRM OR CORPORATION PRIMARILY ENGAGED IN THE BUSINESS OF PAINTNG AND/OR DECORATING AND ALLIED TRADES SHALL BE ELIGABLE FOR MEMBERSHIP, AFTER BEING REGULARLY ELECTED, BY SUBSCRIBING TO THE CONSTITUTION AND BY-LAWS, |
| Form 990 Part VI | 7a | THE ELECTED OFFICERS OF THIS ASSOCIATION SHALL CONSIST OF A PRESIDENT, TWO VICE PRESIDENTS AND A TRASURER. ALL OTHER OFFICERS SHALL BE APPOINTED BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS OF THIS ASSOCIATION SHALL NOT CONSIST OF MORE THAN TWELVE 12 ELECTED MEMBERS, THE PRESIDENT, VICE-PRESIDENTS, TREASURER, THE CHAIRMAN OF THE BOARD, AND THE IMMEDIATE PAST PRESIDENT. THE PRESIDENT, VICE-PRESIDENT AND DIRECTORS SHALL BE ELECTED AT THE ANNUAL MEETING TO HOLD THEIR RESPECTIVE OFFICES FOR THE TERM OF ONE 1 YEAR OR UNTILL THE SUCCESSORS HAVE BEEN ELECTED. A MAJORITY OF ALL VOTES CAST SHALL BE NECESSARY FOR ELECTION. |
| Form 990 | 0 | |
| Form 990 Part VI | 7b | DURING THE TAX YEAR THE MEMBERS OF THE ASSOCIATION HAVE A PRIVILEGE TO ELECT AND REMOVE THE BOARD OF DIRECTORS. THE ELECTION AND REMOVAL PROCESS REQUIRES THREE-FOURTHS 3/4 VOTE OF THE TOTAL MEMBERSHIP. EACH MEMBER IS ENTITLED TO VOTE IN ACCORDANCE WITH HIS CLASSIFICATION AS SET FORTH IN ARTICLE III OF THE BY-LAWS IN THE FOLLOWING MANNER 1 VOTE---LESS THAN 150,000 2 VOTES--151,000 TO 450,000 6 VOTES--451,000 TO 750,000 10 VOTES--751,000 AND OVER. |
| Form 990 Part VI | 11 | THE ASSOCIATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS. TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY THE EXECUTIVE DIRECTOR BRUCE RUINSKY AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS SUBMITTED TO MEMBERS OF THE GOVERNING BODY FOR ANY COMMENTS OR SUGGESTIONS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS GIVEN ONE WEEK TO REVIEW THE 990 AND PROVIDE THEIR COMMENTS. ANY COMMENTS ARE THEN GROUPED AND SUMMARIZED AND PROVIDED TO THE OFFICER IN CHARGE OF FILING THE RETURN. EACH ISSUE IS DOCUMENTED AND ADDRESSED BEFORE THE RETURN IS FINALIZED AND APPROVED FOR FILING. |
| Form 990 Part VI | 19 | THE ASSOCIATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY POSTING IT ON THE GUIDESTAR WEBSITE OR PROVIDED UPON REQUEST. IN ADDITION THE FORM 990, THE ASSOCIATIONS FINANCIAL STATEMENTS AND THE GOVERNING DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST AT 370 SEVENTH AVENUE, SUITE 418, NEW YORK, NY 10007 OR BY DIRECTLY CALLING 212 697-4790. |
| Form 990 Part XI | 5 | THE ASSOCIATION AND ITS AFFILIATED ENTITIED SHARE CERTAIN EXPENSES WHICH HAVE BEEN ALOCATED AMONGST THE ENTITIES BASED ON VARIOUS CRITERIA. AS OF DECEMBER 31, 2011 THE ASSOCIATION HAS ACCUMULATED 421,925 IN EXPENSE ALLOCATIONS. DUE TO THE AMOUNTS THAT HAVE BEEN ACCUMULATED AND NOT REIMBURSED IN THE PAST, THE HAVE DECIDED TO ADJUST ALL PAST EXPENSES ALLOCATIONS AND HAVE IMPLEMENTED A POLICY TO REIMBURSE ALL FUTURE EXPENSES TO ITS AFFILIATES ON A QUARTERLY BASIS. THE ADJUSTMENT TO NET ASSETS CONSIST OF THE ADJUSTMENT FOR THE EXPENSE ALLOCATION 421,925 AND THE UNREALIZED LOSS ON INVESTMENT IN THE AMOUNT OF -26,351, TOTALING 395,575. |
| Form 990 Part VI Section A Line 6 THE ASSOCIATION OF MASTER PAINTERS AND DECORATORS OF THE CITY OF NEW YORK, INC. HAS 60 MEMBERS. ANY PERSON, FIRM OR CORPORATION PRIMARILY ENGAGED IN THE BUSINESS OF PAINTNG AND/OR DECORATING AND ALLIED TRADES SHALL BE ELIGABLE FOR MEMBERSHIP, AFTER BEING REGULARLY ELECTED, BY SUBSCRIBING TO THE CONSTITUTION AND BY-LAWS, Form 990 Part VI Section A Line 7a THE ELECTED OFFICERS OF THIS ASSOCIATION SHALL CONSIST OF A PRESIDENT, TWO VICE PRESIDENTS AND A TRASURER. ALL OTHER OFFICERS SHALL BE APPOINTED BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS OF THIS ASSOCIATION SHALL NOT CONSIST OF MORE THAN TWELVE 12 ELECTED MEMBERS, THE PRESIDENT, VICE-PRESIDENTS, TREASURER, THE CHAIRMAN OF THE BOARD, AND THE IMMEDIATE PAST PRESIDENT. THE PRESIDENT, VICE-PRESIDENT AND DIRECTORS SHALL BE ELECTED AT THE ANNUAL MEETING TO HOLD THEIR RESPECTIVE OFFICES FOR THE TERM OF ONE 1 YEAR OR UNTILL THE SUCCESSORS HAVE BEEN ELECTED. A MAJORITY OF ALL VOTES CAST SHALL BE NECESSARY FOR ELECTION. Form 990 Form 990 Part VI Section A Line 7b DURING THE TAX YEAR THE MEMBERS OF THE ASSOCIATION HAVE A PRIVILEGE TO ELECT AND REMOVE THE BOARD OF DIRECTORS. THE ELECTION AND REMOVAL PROCESS REQUIRES THREE-FOURTHS 3/4 VOTE OF THE TOTAL MEMBERSHIP. EACH MEMBER IS ENTITLED TO VOTE IN ACCORDANCE WITH HIS CLASSIFICATION AS SET FORTH IN ARTICLE III OF THE BY-LAWS IN THE FOLLOWING MANNER 1 VOTE---LESS THAN 150,000 2 VOTES--151,000 TO 450,000 6 VOTES--451,000 TO 750,000 10 VOTES--751,000 AND OVER. Form 990 Part VI Section B Line 11 THE ASSOCIATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS. TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY THE EXECUTIVE DIRECTOR BRUCE RUINSKY AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS SUBMITTED TO MEMBERS OF THE GOVERNING BODY FOR ANY COMMENTS OR SUGGESTIONS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS GIVEN ONE WEEK TO REVIEW THE 990 AND PROVIDE THEIR COMMENTS. ANY COMMENTS ARE THEN GROUPED AND SUMMARIZED AND PROVIDED TO THE OFFICER IN CHARGE OF FILING THE RETURN. EACH ISSUE IS DOCUMENTED AND ADDRESSED BEFORE THE RETURN IS FINALIZED AND APPROVED FOR FILING. Form 990 Part VI Section C Line 19 THE ASSOCIATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY POSTING IT ON THE GUIDESTAR WEBSITE OR PROVIDED UPON REQUEST. IN ADDITION THE FORM 990, THE ASSOCIATIONS FINANCIAL STATEMENTS AND THE GOVERNING DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST AT 370 SEVENTH AVENUE, SUITE 418, NEW YORK, NY 10007 OR BY DIRECTLY CALLING 212 697-4790. Form 990 Part XI Line 5 THE ASSOCIATION AND ITS AFFILIATED ENTITIED SHARE CERTAIN EXPENSES WHICH HAVE BEEN ALOCATED AMONGST THE ENTITIES BASED ON VARIOUS CRITERIA. AS OF DECEMBER 31, 2011 THE ASSOCIATION HAS ACCUMULATED 421,925 IN EXPENSE ALLOCATIONS. DUE TO THE AMOUNTS THAT HAVE BEEN ACCUMULATED AND NOT REIMBURSED IN THE PAST, THE HAVE DECIDED TO ADJUST ALL PAST EXPENSES ALLOCATIONS AND HAVE IMPLEMENTED A POLICY TO REIMBURSE ALL FUTURE EXPENSES TO ITS AFFILIATES ON A QUARTERLY BASIS. THE ADJUSTMENT TO NET ASSETS CONSIST OF THE ADJUSTMENT FOR THE EXPENSE ALLOCATION 421,925 AND THE UNREALIZED LOSS ON INVESTMENT IN THE AMOUNT OF -26,351, TOTALING 395,575. |
| Software ID: | 11000218 |
| Software Version: | 2011.0.0 |