Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| Form 990, Part VI, Section A, line 4 | AMENDMENTS TO THE BY-LAWS ARTICLE IV, SECTION 3 - INCREASED BOARD SIZE FROM 9 MEMBERS TO 11. A MINIMUM OF 7 BOARD MEMBERS MUST BE AGRICULTURAL PRODUCERS. ARTICLE IV, SECTION 4.03 - AMENDED SECTION 4.03 TO INCREASE THE NUMBER OF DIRECTORS REQUIRED TO CALL A SPECIAL MEETING FROM 3 TO 4. ARTICLE IV, SECTION 5 - DIRECTORS SHALL SERVE A TWO YEAR TERM. AMENDED TO CONSIDER 16 MONTHS, INSTEAD OF 18, A FULL TWO YEAR TERM FOR ANY DIRECTOR REPLACING A DIRECTOR DURING THE MIDDLE OF THEIR TERM. | |
| Form 990, Part VI, Section A, line 6 | THE ASSOCIATION WAS FORMED BY THE MEMBERS TO REPRESENT SORGHUM PRODUCERS THROUGH PROGRAMS OF LEGISLATIVE AND REGULATORY REPRESENTATION, RESEARCH, EDUCATION, AND MARKET DEVELOPMENT OF SORGHUM PRODUCTION. | |
| Form 990, Part VI, Section A, line 7a | A NOMINATING COMMITTEE, CHAIRED BY THE PAST-CHAIRMAN, REVIEW BOARD APPLICATIONS AND MAKE RECOMMENDATIONS TO THE FULL BOARD FOR APPROVAL. THE FULL BOARD OF DIRECTORS ELECT THE NEXT TERM'S DIRECTORS. | |
| Form 990, Part VI, Section B, line 11 | MANAGEMENT PRESENTED A COPY OF THE FORM 990 TO THE BOARD FOR DISCUSSION, REVIEW AND APPROVAL PRIOR TO FILING. THE DISCUSSION AND REVIEW WAS PERFORMED AT THE BOARD MEETING IMMEDIATELY BEFORE FILING THE FORM 990. | |
| Form 990, Part VI, Section B, line 12c | THE BOARD OF DIRECTORS AND OFFICERS ARE REQUIRED TO REVIEW AND BE FAMILIAR WITH THE POLICIES OUTLINED IN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. THE BOARD OF DIRECTORS AND OFFICERS ARE REQUIRED TO DISCLOSE ANY ACTION OR SITUATION THAT MIGHT VIOLATE THE POLICY TO THE FULL BOARD OF DIRECTORS AS SOON AS POSSIBLE. THE CONFLICT OF INTEREST POLICY IS REVIEWED ON AN ANNUAL BASIS. | |
| Form 990, Part VI, Section B, line 15 | THE BOARD USES A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE EXECUTIVE DIRECTOR. THE SURVEY INCLUDES SALARIES FROM SIMILARLY SITUATED ORGANIZATIONS THROUGHOUT TEXAS AND THE NATION. THE ASSOCIATION DOES NOT HAVE ANY OTHER EMPLOYEES MEETING THE DEFINITION OF OFFICER OR KEY EMPLOYEE. | |
| Form 990, Part VI, Section C, line 19 | THE ASSOCIATION WILL PROVIDE A COMPLETE COPY OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS TO ANY MEMBER WHO REQUESTS A COPY OF ANY SUCH DOCUMENT. THE GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS ARE ALSO AVAILABLE FOR VIEWING BY THE PUBLIC AT THE ASSOCIATION'S OFFICE IN LUBBOCK, TX. | |
| Changes in Net Assets or Fund Balances: | Form 990, Part XI, line 5: | Net unrealized gains on investments: 1,578. EQUITY METHOD INCOME FROM SORGO TRIO, INC. 226. Total to Form 990, Part XI, Line 5: 1,804. |
| AUDIT COMMITTEE | Form 990, Part XII, Line 2c | THE BOARD AS A WHOLE IS RESPONSIBLE FOR OVERSEEING THE FINANCIAL STATEMENT AUDIT AND SELECTING THE INDEPENDENT FINANCIAL STATEMENT AUDITOR. |
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