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, Line 3: Description of Delegated Duties to Management Company | The organization has an annual contract with a third-party management company to perform management duties, such as supervising personnel, planning and executing operations, and financial reporting. |
| Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder | The organization has members who elect the organization's governing body, which is the board of directors. |
| Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body | The organization has members who elect the organization's governing body, which is the board of directors. |
| Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders | The organization has members who elect the organization's governing body, which is the board of directors. Each board member represents a vote when approving decisions of the governing body. |
| Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings | No other committee has the authority to act on behalf of the governing body. |
| Form 990, Part VI, Line 11b: Form 990 Review Process | After a draft version of the form 990 has been prepared, the chief operating officer and board chairman review the draft. It is then shared with the entire board of directors, who have an opportunity to comment and ask questions, before it is filed. |
| Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | Upon election of a person to the board of directors, the organization's conflict of interest policy must be signed. The organization does not actively investigate conflicts of interest, but does act appropriately when a conflict is identified by any member of the organization. |
| Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management | The organization does not have employees or pay compensation. All personnel costs are included in the management fee. The management company uses compensation data compiled from the ASAE annual compensation survey to set all salaries. This survey is retained as supporting documentation. |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | The organization's Form 990 is available on its website. |
| Software ID: | 13000170 |
| Software Version: | 2013v3.1 |