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 6 | THE COUNCIL OF FASHION DESIGNERS OF AMERICA (CFDA) IS A NOT-FOR-PROFIT TRADE ORGANIZATION THAT LEADS INDUSTRY WIDE INITIATIVES AND WHOSE MEMBERSHIP CONSIST OF MORE THAN 350 OF AMERICA'S FOREMOST FASHION AND ACCESORY DESIGNERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERSHIP IS BY INVITATION ONLY, AND IS OPEN TO AMERICANS DESIGNING IN THE UNITED STATES OR ABROAD, OR INTERNATIONAL DESIGNERS WHOSE BUSINESSES ARE BASED PRIMARILY IN THE UNITED STATES. EACH YEAR, THE ADMISSIONS COMMITTEE MEETS TO REVIEW CANDIDATES' APPLICATIONS, MAKING ITS RECOMMENDATIONS TO THE CFDA'S BOARD OF DIRECTORS. AN AFFIRMATIVE VOTE BY THE BOARD IS REQUIRED FOR THE ELECTION OF EACH MEMBER. THE EXECUTIVE COMMITTEE SERVES AS THE NOMINATING COMMITTEE OF THE BOARD OF DIRECTORS. NOMINATIONS OF THE DIRECTORS SHALL BE RATIFIED BY THE BOARD OF DIRECTORS IN MARCH OF EACH YEAR. THE MEMBERS ARE NOTIFIED IN WRITING BY MAIL OF SUCH NOMINATIONS, AND ON THE PROPOSED SLATE AT THE SPRING BI-ANNUAL MEMBERSHIP MEETING. |
| FORM 990, PART VI, SECTION B, LINE 11 | FORM 990 IS REVIEWED BY THE DEPUTY DIRECTOR AND THE CHIEF EXECUTIVE OFFICER AND A COPY IS PROVIDED TO THE BOARD PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICT OF INTEREST STATEMENTS ARE COMPLETED ANNUALLY BY EACH BOARD MEMBER. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION FOR THE CEO, EXECUTIVE DIRECTOR, OFFICERS, KEY EMPLOYEES AND/OR ALL OTHER STAFF IS DETERMINED BY A PERCENTAGE OF REVENUE. THE DEPUTY DIRECTOR PREPARES THE ANNUAL BUDGET, THEN THE BUDGET IS PRESENTED TO THE FINANCE COMMITTEE AND SUBSEQUENTLY THE FINAL BUDGET WHICH INCLUDES COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS AVAILABLE ON ITS OWN WEBSITE (WWW.CFDA.COM), AS WELL AS BY REQUEST. |
| FORM 990, PAGE 11, PART XI | THE BOARD OF DIRECTORS IS RESPONSIBLE FOR THE AUDIT AND FOR SELECTION OF THE INDEPENDENT ACCOUNTANT. |
| FORM 990, PAGE 5, PART V, QUESTION 2A | ALL EMPLOYEES OF THE FOUNDATION ARE LEASED. |
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