Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | THE ORGANIZATION'S BOARD CONSISTS OF 115 MEMBERS THAT REPRESENT NUMEROUS BUSINESSES THROUGHOUT THE STATE OF ALABAMA. NORMAL BUSINESS RELATIONSHIPS EXIST AMONG THOSE BOARD MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS VARIOUS MEMBER BUSINESSES. THE BOARD OF DIRECTORS IS ELECTED FROM AMONG THE MEMBER BUSINESSES. |
| FORM 990, PART VI, SECTION A, LINE 7A | BOARD MEMBERS ARE ELECTED AT THE ANNUAL MEETING OF MEMBERSHIP, FOR TERMS OF ONE, TWO, OR THREE YEARS. |
| FORM 990, PART VI, SECTION A, LINE 7B | ELECTION OF NEW BOARD MEMBERS IS RATIFIED BY MEMBERSHIP. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE ORGANIZATION'S PRESIDENT, CHIEF FINANCIAL OFFICER, AND TREASURER REVIEW THE FORM 990 BEFORE IT IS FILED. THE FORM 990 IS SUBSEQUENTLY MADE AVAILABLE TO ALL BOARD MEMBERS AND THE PUBLIC. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ETHICS AND STANDARDS OF CONDUCT COMMITTEE ADDRESSES REGULARLY ANY APPARENT CONFLICTS OF INTEREST. BOARD MEMBERS AND OFFICERS ARE REQUIRED TO SUBMIT AN ANNUAL DISCLOSURE STATEMENT REGARDING POSSIBLE CONFLICTS OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE EXECUTIVE COMMITTEE APPROVES THE PRESIDENT/CEO'S EMPLOYMENT CONTRACT TERMS, COMPENSATION AND BENEFITS AMOUNTS. THE PRESIDENT/CEO'S PERFORMANCE IS REVIEWED ANNUALLY BY THE CHAIRMAN, VICE CHAIRMAN, AND IMMEDIATE PAST CHAIRMAN. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. |
| FORM 990, PART XII, LINE 1 | MODIFIED CASH BASIS |
| FORM 990, PART XII, LINE 2C | THE ORGANIZATION'S EXECUTIVE COMMITTEE OVERSEES THE AUDIT PROCESS AND COMMUNICATES DIRECTLY WITH THE INDEPENDENT AUDIT FIRM. |
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