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 | BOARD MEMBERS CHUCK EVELYN AND PATRICK EVELYN ARE FATHER AND SON. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION CURRENTLY HAS 84 "FULL PRODUCTION" MEMBERS AND 78 "ASSOCIATE" MEMBERS |
| FORM 990, PART VI, SECTION A, LINE 7A | VOTING MEMBERS ELECT ALL BOARD MEMBERS AT THE ANNUAL MEETING |
| FORM 990, PART VI, SECTION A, LINE 7B | VOTING MEMBERS APPROVE DECISIONS OF THE BOARD OF DIRECTORS AT THE ANNUAL MEETING. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE ASSOCIATION DISTRIBUTES THE 990 TO THE EXECUTIVE AND AUDIT COMMITTEES. THE PRESIDENT THEN REVIEWS THE 990 FILING WITH THE EXECUTIVE AND AUDIT COMMITTEES. UPON AGREEMENT, PRSIDENT DISTRIBUTES THE 990 TO THE FULL BOARD AND THE PRESIDENT SIGNS AND FILES THE 990. THE 990 FILING IS PRESENTED TO THE ENTIRE MEMBERSHIP THE FIRST MEETING FOLLOWING THE FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE WRITTEN CONFLICT OF INTEREST POLICY IS DISTRIBUTED AT EACH MEETING OF THE BOARD OF DIRECTORS OR ANY COMMITTEES, AS WELL AS DISTRIBUTED TO POTENTIAL BOARD MEMBERS UPON NOMINATION. A REMINDER IS SENT ON JANUARY 1 OF EACH YEAR ASKING EACH OFFICER, DIRECTOR AND KEY EMPLOYEE TO DISCLOSE ANY CONFLICTS OF INTEREST AS DETAILED IN THE POLICY. THE ASSOCIATION MAINTAINS A RECORD OF RECEIPT AND ACKNOWLEDGMENT OF REVIEW OF THE POLICY FROM EACH OFFICER, DIRECTOR AND KEY EMPLOYEE. |
| FORM 990, PART VI, SECTION B, LINE 15A | ALL COMPENSATION IS PRESENTED BY THE TREASURER AND REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE AND BOARD OF DIRECTORS. PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. USE OF DATA AS TO COMPARABLE COMPENSATION - THE COMPENSATION OF THE PERSON IS REVIEWED AND APPROVED USING DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENATION ARRANGEMENT. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATIONS TAX RETURNS AND POLICIES ARE KEPT ON FILE AND ARE AVAILABLE FOR INSPECTION UPON REQUEST. THE TAX RETURNS ARE ALSO POSTED TO THE INTERNET ON WWW.GUIDESTAR.COM. |
| VARIANCES IN REVENUES AND EXPENSES | VIRGINIA FOREST PRODUCTS HOSTS A TRADE SHOW EVERY OTHER YEAR SO REVENUE & EXPENSES ARE CONSIDERABLY HIGHER IN EVEN NUBERED TAX YEARS. REVENUE IS SIGNIFICANTLY LOWER IN ODD YEARS WHEN THERE IS NO TRADE SHOW. |
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