Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| MEMBERS | THE EXCHANGE HAS MEMBERS. |
| ELECTION POLICY | MEMBERS OF THE GOVERNING BOARD ARE ELECTED AS FOLLOWS: 1. AT LEAST NINE (9) WEEKS PRIOR TO THE DATE OF THE ANNUAL MEETING, THE PRESIDENT SHALL APPOINT A COMMITTEE TO BE KNOWN AS THE NOMINATING COMMITTEE. THIS COMMITTEE SHALL CONSIST OF FIVE (5) ACTIVE MEMBERS AND, IF PRACTICAL, A MAJORITY SHOULD CONSIST OF PAST PRESIDENTS OF THE EXCHANGE. THE CHAIR SHALL BE THE IMMEDIATE PAST PRESIDENT OF THE EXCHANGE. THE DUTIES OF THE COMMITTEE SHALL BE TO SELECT INDIVIDUALS TO FILL THE POSITIONS OF THE EXISTING OFFICERS AND DIRECTORS FOR THE UPCOMING YEAR. THE NOMINATING COMMITTEE SHALL PROVIDE A LIST OF THE NEW DIRECTOR(S) TO THE EXISTING BOARD OF DIRECTORS FOR THEIR APPROVAL. A MAJORITY AFFIRMATIVE VOTE OF THE BOARD OF DIRECTORS SHALL BE REQUIRED FOR THEIR APPROVAL OF THE NOMINEES. 2. NOT LATER THAN SIX (6) WEEKS PRIOR TO THE ANNUAL MEETING, THE NOMINATING COMMITTEE SHALL POST NOMINATIONS ON THE BULLETIN BOARD OF THE EXCHANGE AND SHALL PROVIDE A COPY TO EACH ACTIVE MEMBER IN GOOD STANDING. 3. THE ELECTION OF THE BOARD OF DIRECTORS SHALL BE HELD AT THE ANNUAL MEETING OF THE MEMBERS ENTITLED TO VOTE. A MAJORITY OF VOTES CAST BY VOICE VOTE BY THE MEMBERS PRESENT CONSTITUTES AN ELECTION. |
| FORM 990 REVIEW | THE EXCHANGE DISTRIBUTES A COPY OF THE FORM 990 TO ITS BOARD OF DIRECTORS PRIOR TO FILING. |
| EXECUTIVE DIRECTOR COMPENSATION | THE EXECUTIVE COMMITTEE, CONSISTING OF THE OFFICERS OF THE ORGANIZATION, REVIEWS THE PERFORMANCE OF THE EXECUTIVE DIRECTOR AND MAKES RECOMMENDATIONS TO THE BAORD OF DIRECTORS RELATIVE TO COMPENSATION ANNUALLY. |
| OFFICER AND KEY EMPLOYEE COMPENSATION | THERE ARE NO OTHER OFFICERS OR KEY EMPLOYEES OF THE EXCHANGE, HOWEVER AS PART OF THE BUDGET PROCESS, THE FINANCE COMMITTEE REVIEWS THE EXECUTIVE DIRECTOR'S RECOMMENDATION FOR SALARY AND WAGES OF EXCHANGE EMPLOYEES. THE FULL BOARD OF DIRECTORS APPROVES THE OPERATING BUDGET AT THEIR DECEMBER MEETING. |
| DISCLOSURE | THE EXCHANGE POSTS ORGANIZATIONAL DOCUMENTS ON ITS WEBSITE. ITS FINANCIAL STATEMENTS AND ITS FORM 990 ARE MADE AVAILABLE TO THE MEMBERS UPON REQUEST. |
| FORM 990 PART IX LINE 24 - OTHER EXPENSES | DESCRIPTION:REPAIRS & MAINTENANCE TOTAL EXPENSES:37399 PROGRAM SERVICES:29919 MANAGEMENT AND GENERAL:7480 |
| FORM 990 PART IX LINE 24 - OTHER EXPENSES | DESCRIPTION:MISCELLANEOUS TOTAL EXPENSES:702 PROGRAM SERVICES:351 MANAGEMENT AND GENERAL:351 |
| FORM 990 PART IX LINE 24 - OTHER EXPENSES | DESCRIPTION:ELECTRONIC PLAN ROOM TOTAL EXPENSES:9986 PROGRAM SERVICES:9986 |
| FORM 990 PART IX LINE 24 - OTHER EXPENSES | DESCRIPTION:DONATIONS TOTAL EXPENSES:1400 PROGRAM SERVICES:1400 |
| FORM 990 PART IX LINE 24 - OTHER EXPENSES | DESCRIPTION:TAXES & LICENSES TOTAL EXPENSES:6643 PROGRAM SERVICES:5314 MANAGEMENT AND GENERAL:1329 |
| FORM 990 PART IX LINE 24 - OTHER EXPENSES | DESCRIPTION:OFFICE EQUIPMENT TOTAL EXPENSES:2927 PROGRAM SERVICES:2342 MANAGEMENT AND GENERAL:585 |
| FORM 990 PART IX LINE 24 - OTHER EXPENSES | DESCRIPTION:POSTAGE TOTAL EXPENSES:8022 PROGRAM SERVICES:8022 |
| FORM 990 PART IX LINE 24 - OTHER EXPENSES | DESCRIPTION:TELEPHONE TOTAL EXPENSES:13453 PROGRAM SERVICES:10762 MANAGEMENT AND GENERAL:2691 |
| FORM 990 PART IX LINE 24 - OTHER EXPENSES | DESCRIPTION:UTILITIES TOTAL EXPENSES:6331 PROGRAM SERVICES:5065 MANAGEMENT AND GENERAL:1266 |
| FORM 990 PART IX LINE 24 - OTHER EXPENSES | DESCRIPTION:MEMBER ACTIVITIES, NET TOTAL EXPENSES:7680 PROGRAM SERVICES:7680 |
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