Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| ALL OTHER ACCOMPLISHMENT DESCRIPTION | FORM 990, PAGE 2, PART III, LINE 4D | MEMBER COMMUNICATIONS/SERVICES-NAMIC PROVIDES COMMUNICATIONS AND INFORMATION ABOUT NAMIC ACTIVITIES, POSITIONS AND INDUSTRY EVENTS THROUGH A WEBSITE AS WELL AS ELECTRONIC AND PRINT COMMUNICATIONS. OTHER MEMBER SERVICES INCLUDE PROFESSIONAL LIABILITY INSURANCE, GROUP BENEFIT INSURANCE AND RETIREMENT PLANS, AND WEB HOSTING SERVICES. |
| CLASSES OF MEMBERS OR STOCKHOLDERS | FORM 990, PAGE 6, PART VI, LINE 6 | NAMIC MEMBERS ELECT DIRECTORS AND APPROVE SIGNIFICANT TRANSACTIONS INVOLVING THE ORGANIZATION. |
| ELECTION OF MEMBERS AND THEIR RIGHTS | FORM 990, PAGE 6, PART VI, LINE 7A | DIRECTORS ARE ELECTED BY THE MEMBERSHIP AND MAY NOT BE REMOVED EXCEPT BY THE MEMBERS. THE OFFICER POSITIONS OF CHAIR ELECT, VICE CHAIR, AND SECRETARY/TREASURER REQUIRE THE VOTE OF THE MEMBERSHIP EACH YEAR AND MAY NOT BE REMOVED FROM OFFICE EXCEPT BY THE MEMBERSHIP. |
| DECISIONS SUBJECT TO APPROVAL OF MEMBERS | FORM 990, PAGE 6, PART VI, LINE 7B | CHANGES TO THE ARTICLES OF INCORPORATION REQUIRE AFFIRMATIVE VOTE OF A MAJORITY OF THE MEMBERS. |
| ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 | FORM 990, PAGE 6, PART VI, LINE 11B | THE FORM 990 IS MADE AVAILABLE TO ALL NAMIC BOARD MEMBERS FOR REVIEW AND COMMENT. THE AUDIT/FINANCE COMMITTEE OF THE BOARD IS AUTHORIZED TO APPROVE THE REPORT BEFORE FORM 990 IS FILED WITH THE INTERNAL REVENUE SERVICE. |
| ENFORCEMENT OF CONFLICTS POLICY | FORM 990, PAGE 6, PART VI, LINE 12C | THE DIRECTORS AND OFFICERS ARE REQUIRED TO COMPLETE A DISCLOSURE EACH YEAR. IN ADDITION, DURING BOARD MEMBER ORIENTATIONS THERE IS A REVIEW OF THE CONFLICT/DISCLOSURE POLICY. THE BOARD AGENDA IS REVIEWED EACH QUARTER WITH THE EXPRESS PURPOSE OF IDENTIFYING POTENTIAL CONFLICTS INVOLVING DIRECTORS. INDIVIDUAL DIRECTORS WILL ABSTAIN FROM DISCUSSIONS AND VOTING ON ANY ITEM OR MATTER UNDER DISCUSSION WHICH PRESENTS THE APPEARANCE OF A CONFLICT. ALSO, THE CHAIRMAN OF THE BOARD IS AUTHORIZED TO IDENTIFY POTENTIAL CONFLICTS AND ADDRESS THEM ON HIS/HER OWN INITIATIVE. ANY IDENTIFIED CONFLICTS (AND RESULTING ABSTENTIONS) ARE NOTED IN THE MINUTES OF THE MEETING. |
| COMPENSATION PROCESS FOR TOP OFFICIAL | FORM 990, PAGE 6, PART VI, LINE 15A | RELEVANT SALARY SURVEYS ARE CONSULTED AND A MEMO IS PROVIDED TO THE COMPENSATION COMMITTEE REGARDING APPROPRIATE MARKET VALUE SALARY RANGES. THE COMMITTEE REVIEWS SALARIES ANNUALLY AND SETS THE PRESIDENT'S SALARY AND SETS UP BONUS PLANS. |
| COMPENSATION PROCESS FOR OFFICERS | FORM 990, PAGE 6, PART VI, LINE 15B | THE NAMIC COMPENSATION COMMITTEE REVIEWS THE ENTIRE COMPENSATION BUDGET FOR THE ASSOCIATION. INTERNALLY, HUMAN RESOURCES AND UPPER MANAGEMENT REVIEW AND ESTABLISH OFFICER AND KEY EMPLOYEE SALARIES. |
| GOVERNING DOCUMENTS DISCLOSURE EXPLANATION | FORM 990, PAGE 6, PART VI, LINE 19 | NAMIC MAKES ALL REQUIRED DOCUMENTS AVAILABLE TO ITS MEMBERS AND TO THE GENERAL PUBLIC. |
| OTHER CHANGES IN NET ASSETS EXPLANATION | FORM 990, PART XI, LINE 9 | EQUITY IN INCOME OF AFFILIATES 40,462 CURRENT YEAR INCOME FROM SUBSIDIARIES 363,366 RECOGNITION OF PERIODIC PENSION COSTS -367,147 TOTAL OTHER CHANGES IN NET ASSETS OR FUND BALANCES, PART XI, LINE 9 36,681 |
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