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 V, LINE 1C: | BACKUP WITHHOLDING: THE ORGANIZATION DID NOT HAVE ANY INSTANCES WHERE BACKUP WITHHOLDING WAS REQUIRED; HOWEVER, IF THE SITUATION WOULD ARISE, THE ORGANIZATION IS AWARE OF THE REPORTING REQUIREMENTS AND WOULD HANDLE THAT ACCORDINGLY. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS REALTOR MEMBERS OF TWO LEVELS AND AFFLIATE MEMBERS. PRIMARY MEMBERS HOLD MEMBERSHIPS IN R-BAR, PAR, AND NAR. SECONDARY MEMBERS HOLD MEMBERSHIP AT ANOTHER LOCAL ASSOCIATION, PAR AND NAR, BUT ALSO DESIRE TO BELONG TO R-BAR AS A SECOND LOCAL ASSOCIATION. AFFILIATE MEMBERSHIPS ARE FOR LOCAL COMPANIES THAT ARE REAL ESTATE RELATED, SUCH AS LENDERS, HOME INSPECTION COMPANIES, TITLE COMPANIES, ETC. |
| FORM 990, PART VI, SECTION A, LINE 7A | DIRECTOR POSITIONS ARE STAGGERED THREE YEAR TERMS, EACH YEAR THE NUMBER OF DIRECTORS NOMINATED VARIES. THE NOMINATING COMMITTEE CONDUCTS INTERVIEWS OF ALL APPLICANTS AND REPORTS THEIR SLATE OF PROPOSED OFFICERS TO THE MEMBERSHIP FOR APPROVAL. IF THE PROPOSED SLATE GOES UNCHALLENGED BY THE MEMBERSHIP, THEN THE SLATE IS PASSED. |
| FORM 990, PART VI, SECTION A, LINE 7B | ALL BYLAW CHANGES AND ANY ADDITIONAL NOMINATIONS FROM THE MEMBERSHIP FOR A DIRECTOR POSITION OR PRESIDENT ELECT ARE VOTED ON BY THE MEMBERSHIP AT THE ANNUAL MEETING. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FINANCE COMMITTEE REVIEWS A COPY OF TAX RETURN ON BEHALF OF THE BOARD OF DIRECTORS AND APPROVES THE RETURN PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | LEGAL COUNCIL ASSISTS IN THE MONITORING OF CONFLICTS OF INTEREST, ADDITIONALLY WHEN A CONFLICT OF INTEREST ARISES THE PARTIES TO WHICH THE ISSUES RELATE ARE REMOVED FROM THE DISCUSSIONS. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE ORGANIZATION'S CEO'S COMPENSATION IS DETERMINED BY A PANEL ON THE BOARD. THERE ARE NO OTHER OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION WHOSE COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION C, LINE 19 | ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | NET ASSETS CONTRIBUTED TO SHOWING CENTER 61,285. |
| FORM 990, PART XII, LINE 2C: | AUDIT OVERSIGHT COMMITTEE: THE ASSOCIATION HAS A FINANCE COMMITTEE WHICH OVERSEES THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS. |
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