Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | BOARD MEMBERS ARE FROM THE SAME INDUSTRY AND AS SUCH OCCASIONALLY TRANSACT BUSINESS WITH EACH OTHER. | |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ASSOCIATION IS A MEMBERSHIP ORGANIZATION. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ENTIRE MEMBERSHIP, EXCEPT ASSOCIATES AND BRANCH MEMBERS, HAS THE RIGHT TO ELECT THE MEMBERS OF THE BOARD OF DIRECTORS. | |
| FORM 990, PART VI, SECTION A, LINE 7B | CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY VOTE OF THE ENTIRE MEMBERSHIP, EXCEPT ASSOCIATES AND BRANCH MEMBERS OF THE ASSOCIATION. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE BOARD RETAINS THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE THE ORGANIZATION'S FORM 990. THE FORM 990 IS REVIEWED BY FINANCIAL STAFF, EXECUTIVE MANAGEMENT AND THE FINANCE COMMITTEE. ANY QUESTIONS OR CONCERNS ARE DISCUSSED WITH THE OUTSIDE ACCOUNTING FIRM PRIOR TO FILING. A COPY OF THE FORM 990 IS MADE AVAILABLE TO ALL VOTING BOARD MEMBERS AFTER THE FORM 990 HAS BEEN FILED WITH THE IRS. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY IS SIGNED BY THE BOARD OF DIRECTORS. EMPLOYEES FOLLOW THE POLICIES OUTLINED IN THEIR EMPLOYEE HANDBOOKS. FAILURE TO COMPLY WITH THE POLICIES OUTLINED RESULTS IN DISMISSAL. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE COMPENSATION COMMITTEE IS COMPRISED OF FIVE BOARD OFFICERS WHICH REVIEW THE COMPENSATION OF THE EXECUTIVE MANAGEMENT AND COMPARE IT WITH THE ASAE COMPENSATION AND BENEFITS STUDY. THE COMMITTEE MEETS WITH THE EXECUTIVE DIRECTOR SEMI-ANNUALLY TO REVIEW PERFORMANCE AND COMPENSATION. | |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS ARE AVAILABLE THROUGH APPLICABLE GOVERNMENTAL AGENCIES; THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -790,928. |
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