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 | AS A TRADE ASSOCIATION IT IS ROUTINE THAT OUR MEMBERS TRANSACT BUSINESS WITH EACH OTHER IN THE ORDINARY COURSE OF BOTH PARTY'S BUSINESS ON THE SAME TERMS AS ARE GENERALLY OFFERED TO THE PUBLIC. |
| FORM 990, PART VI, SECTION B, LINE 11 | A DRAFT COPY OF THE 990 IS PROVIDED TO THE AUDIT COMMITTEE PRIOR TO ITS FILING. THE COMMITTEE THEN REVIEWS AND APPROVES THE COPY WHICH IS DOCUMENTED IN THE BOARD MINUTES. THE APPROVAL IS THEN COMMUNICATED TO THE OUTSIDE ACCOUNTANTS,WHO PREPARE THE FINAL COPY. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY IS SIGNED BY ALL EMPLOYEES, OFFICERS AND DIRECTORS EVERY YEAR AND THE POLICY IS REGULARLY REVIEWED AND UPDATED AS APPROPRIATE. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE SALARY OF THE EXECUTIVE DIRECTOR IS REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE WHICH IS COMPRISED OF 4 BOARD MEMBERS. THE COMMITTEE IS PROVIDED WITH FEDERAL FORM 990 FROM OTHER NECA CHAPTERS AND OTHER TRADE ASSOCIATIONS AND WITH EXCERPTS FROM SALARY SURVEYS. THEIR RECOMMENDATION IS PRESENTED TO THE BOARD AND APPROVED BY MOTION. AN EMPLOYMENT CONTRACT IS DEVELOPED BASED ON THE BOARD APPROVED COMPENSATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES DOCUMENTS AVAILABLE IN ACCORDANCE WITH THE APPLICABLE LAW. |
| FORM 990, PART XII, LINE 2C | THE ORGANIZATION'S PROCESS FOR OVERSIGHT OR SELECTION OF AN INDEPENDENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. |
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