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, Sec A, Line 1a, Delegate broad authority to a committee | THE BOARD HAS AN EXECUTIVE COMMITTEE WHICH CONSISTS OF THE OFFICERS, PRESIDENT, CHAIRMAN, VICE CHAIRMAN, TREASURER, AND SECRETARY. THE EXECUTIVE COMMITTEE IS SUBJECT TO THE DIRECTION AND CONTROL OF THE BOARD, AND HAS THE POWER TO TRANSACT SUCH AFFAIRS OF CATA AND CARRY OUT SUCH DUTIES AS ASSIGNED OR DELEGATED TO IT FROM TIME TO TIME BY THE BOARD OF DIRECTORS. |
| Form 990, Part VI, Sec A, Line 6, Classes of members or stockholders | THE CHICAGO AUTOMOBILE TRADE ASSOCIATION IS MADE UP OF DUES PAYING MEMBERS ELECTED INTO THE ORGANIZATION BY THE MAJORITY OF THE BOARD OF DIRECTORS. |
| Form 990, Part VI, Sec A, Line 7a, Members or stockholders electing members of governing body | IN ALL ELECTIONS FOR THE BOARD OF DIRECTORS, EACH MEMBER IS ENTITLED TO VOTE FOR ONE CANDIDATE FOR EACH OFFICE TO BE FILLED. |
| Form 990, Part VI, Sec B, Line 11b, Review of form 990 by governing body | PRIOR TO FILING THE RETURN WITH THE IRS, A DRAFT OF THE COMPLETED FORM 990 IS REVIEWED BY THE ORGANIZATION'S MANAGEMENT WITH ITS INDEPENDENT PAID TAX PREPARERS. AFTER THE REVIEW, FINAL COPIES OF THE FORM 990 ARE PRESENTED TO THE ORGANIZATION'S EXECUTIVE COMMITTEE. SUBSEQUENT TO THIS REVIEW, THE COMPLETED AND FINAL FORM 990 IS DISTRIBUTED TO THE FULL BOARD FOR REVIEW AND IS SUBSEQUENTLY FILED WITH THE IRS. |
| Form 990, Part VI, Sec B, Line 12c, Conflict of interest policy | ANNUALLY, THE ORGANIZATION DISTRIBUTES A CONFLICT OF INTEREST POLICY TO ALL INTERESTED PERSONS TO DETERMINE IF ANY POTENTIAL OR ACTUAL CONFLICTS OF INTEREST EXIST. PRIOR TO THE END OF THE JUNE BOARD OF DIRECTORS MEETING, ALL INTERESTED PERSONS ARE REQUIRED TO SIGN AND RETURN A COMPLETED CONFLICT OF INTEREST POLICY. THE CATA EXECUTIVE COMMITTEE IS CHARGED WITH REVIEWING THE COMPLETED POLICIES TO DETERMINE WHETHER AN ACTUAL CONFLICT OF INTEREST EXISTS. THE EXECUTIVE COMMITTEE IS EMPOWERED TO ASSESS THE DEGREE OF THE CONFLICT, IF ONE EXISTS, AND TO TAKE APPROPRIATE ACTION. POSSIBLE ACTIONS THAT CAN BE TAKEN BY THE EXECUTIVE COMMITTEE INCLUDE: NOTICE TO THE FINANCE AND COMPENSATION COMMITTEE PRIOR TO CONDUCTING THE ANNUAL EMPLOYEE REVIEW, OR RECUSAL OF FROM ANY DISCUSSIONS, VOTE, OR SIMILAR ACTIONS RELATED TO THE CONFLICT. |
| Form 990, Part VI, Sec B, Line 15a, Process to establish compensation of top management official | THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD MEETS ANNUALLY IN APRIL TO EVALUATE AND DETERMINE APPROPRIATE COMPENSATION OF THE PRESIDENT, OTHER OFFICERS, AND KEY EMPLOYEES. IN ITS DELIBERATION, THE COMMITTEE CONSIDERS CURRENT ECONOMIC AND RELATED CONDITIONS, AND MAY USE COMPARISONS OF OTHER TRADE ASSOCIATIONS AND EXHIBIT COMPANIES. ADDITIONALLY, THE ORGANIZATION ENGAGED AN INDEPENDENT COMPENSATION CONSULTANT TO ASSIST IN DETERMINING THE APPROPRIATENESS OF THE COMPENSATION OF THE PRESIDENT, WHICH INCLUDED THE USE OF A COMPENSATION SURVEY. THE RESULTS OF THE REVIEW ARE APPROVED BY THE BOARD AND DOCUMENTED IN THE MEETING MINUTES. |
| Form 990, Part VI, Sec B, Line 15b, Process to establish compensation of other employees | SEE RESPONSE TO FORM 990 PART VI LINE 15A. |
| Form 990, Part VI, Sec C, Line 19, Required documents available to the public | FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. |
| Form 990 , Part XI, Line 9, Other changes in net assets or fund balances | PENSION RELATED CHANGES - -66504; TRANSFER TO CATPAC - -110000; INCOME FROM SPECIAL EVENTS - 34310; OTHER INCOME - 61020; |
| Software ID: | 13000248 |
| Software Version: | 2013v3.1 |