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 1 | THE EXECUTIVE COMMITTEE REVIEWS ALL BUDGET AND FINANCIAL MATTERS OF THE ASSOCIATION, PREPARES AND PRESENTS AN ANNUAL BUDGET TO THE MEMBERSHIP FOR APPROVAL, AND HAS THE POWER TO ACT FOR THE BOARD BETWEEN BOARD MEETINGS. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ASSOCIATION HAS MEMBERS THAT PAY MEMBERSHIP DUES. THE MEMBERS CAN PARTICIPATE IN VARIOUS COMMITTEES INCLUDING THE EXECUTIVE COMMITTEE, BUSINESS LEADERSHIP COMMITTEE, AND STANDING COMMITTEES. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE BOARD MAY APPOINT STANDING AND OTHER COMMITTEES AND TASK FORCES AS IT DEEMS NECESSARY. THE PRESIDENT SHALL ACT AS A NON-VOTING MEMBER OF EVERY COMMITTEE AND TASK FORCE. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS FIRST REVIEWED BY THE CPA ENGAGED TO MAINTAIN THE FINANCIAL RECORDS. THE CPA THEN REVIEWS THE 990 WITH THE PRESIDENT AND CEO. THE 990 IS THEN EMAILED TO THE ENTIRE BOARD. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST DECLARATION IS DISCUSSED IN AT LEAST ONE BOARD MEETING ANNUALLY. IN ADDITION, EACH MEMBER OF THE BOARD REAFFIRMS THE CONFLICT OF INTEREST DECLARATION ANNUALLY. THE PROCESS IS RECORDED IN THE MINUTES OF THE BOARD MEETINGS. WHEN A CONFLICT OF INTEREST EXISTS, THE MATTER IS BROUGHT TO THE ATTENTION OF THE BOARD OF DIRECTORS AND THE INDIVIDUAL WITH THE CONFLICT OF INTEREST ABSTAINS FROM VOTING ON THE MATTER CAUSING THE CONFLICT. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPARABILITY DATA FROM A NUMBER OF LIKE INDUSTRY SURVEYS IS MAINTAINED AND REVIEWED BY THE PRESIDENT AND CEO AND THE EXECUTIVE COMMITTEE OF THE BOARD. ANNUAL PERFORMANCE WEIGHS HEAVILY IN THE DETERMINATION OF ANNUAL PAY ADJUSTMENTS. RECOMMENDATIONS ARE PRESENTED TO THE BOARD AT THE ANNUAL SPRING MEETING. THE BOARD SETS THE COMPENSATION FOR THE PRESIDENT AND CEO BASED ON THE DATA COLLECTED AND ACCEPTS OR MODIFIES RECOMMENDATIONS FOR THE REMAINING STAFF. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON AN AS REQUESTED BASIS. |
| FORM 990, PART XI, LINE 9: | UNRECOGNIZED ACTUARIAL LOSS -3,160. |
| PART XII QUESTION 2C | PROCESS HAS NOT CHANGED FROM PRIOR YEAR. |
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