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TIN:
SCHEDULE O
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is atwww.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public
Inspection
Inspection
Name of the organization
NATIONAL ASSOCIATION OF THEATRE OWNERS INC
Employer identification number
13-1580907
13-1580907
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | REGULAR MEMBERS - A REGULAR MEMBER IS ANY SOLE PROPRIETORSHIP, PARTNERSHIP, CORPORATION, OR OTHER BUSINESS ENTITY WHICH IS DIRECTLY ENGAGED ON A FOR-PROFIT BASIS IN THE OPERATION OF ONE OR MORE MOTION PICTURE EXHIBITION FACILITIES. THE DESIGNATED REPRESENTATIVE OF EACH REGULAR MEMBER MAY PARTICIPATE AND VOTE AT MEMBERSHIP MEETINGS. REGIONAL ASSOCIATIONS - A REGIONAL ASSOCIATION IS A UNITED STATES SINGLE-STATE OR MULTI-STATE (INCLUDING THE DISTRICT OF COLUMBIA) TRADE ASSOCIATION ESTABLISHED FOR THE PURPOSE OF FURTHERING THE INTERESTS OF THOSE ENGAGED IN THE OPERATION OF MOTION PICTURE EXHIBITION FACILITIES ON A FOR-PROFIT BASIS. REGIONAL ASSOCIATIONS MUST MEET MINIMUM CRITERIA ESTABLISHED BY THE MEMBERSHIP COMMITTEE AND APPROVED BY THE EXECUTIVE BOARD, WHICH WILL PERIODICALLY CERTIFY THEM. THE DESIGNATED REPRESENTATIVE OF EACH REGIONAL ASSOCIATION MAY PARTICIPATE AND VOTE AT MEMBERSHIP MEETINGS. HONORARY MEMBERS - PERSONS WHO HAVE PROVIDED OUTSTANDING SERVICE TO NATO AND WHO ARE NO LONGER ENGAGED IN MOVIE THEATRE OPERATIONS ARE ELIGIBLE TO BE ELECTED AS HONORARY MEMBERS OF NATO. HONORARY MEMBERS MAY ATTEND NATO MEMBERSHIP MEETINGS AND ADVISORY BOARD MEETINGS, BUT DO NOT HAVE THE RIGHT TO VOTE. |
| FORM 990, PART VI, SECTION A, LINE 7A | NATO'S GOVERNING BODY, THE EXECUTIVE BOARD, IS COMPRISED OF A COMBINATION OF AUTOMATIC AND ELECTED SEATS. EIGHT AUTOMATIC SEATS ARE FILLED BY A REPRESENTATIVE OF EACH OF THE TOP EIGHT CIRCUITS, BY SCREEN COUNT ON A RECORD DATE, IN THE UNITED STATES AND CANADA. EACH COMPANY ENTITLED TO AN AUTOMATIC SEAT MUST DESIGNATE IN WRITING THE NAME OF THE INDIVIDUAL TO SERVE AS THE COMPANY'S REPRESENTATIVE TO THE EXECUTIVE BOARD. NINE SEATS ARE FILLED BY ELECTION. FOUR SEATS ARE ELECTED FROM THE MEMBERS OF THE ADVISORY BOARD WHO OWN OR ARE EMPLOYED AT REGIONAL CIRCUITS, DEFINED AS NATO MEMBER COMPANIES WITH 75 OR MORE SCREENS, BUT NOT ELIGIBLE FOR AN AUTOMATIC SEAT, AND FOUR SEATS ARE ELECTED FROM THE MEMBERS OF THE ADVISORY BOARD WHO OWN OR ARE EMPLOYED AT INDEPENDENT THEATRES, DEFINED AS NATO MEMBER COMPANIES WITH FEWER THAN 75 SCREENS. EACH NATO MEMBER COMPANY IN THE REGIONAL CIRCUIT OR INDEPENDENT THEATRE CATEGORY THAT HAS AT LEAST ONE REPRESENTATIVE ON THE NATO ADVISORY BOARD IS ELIGIBLE TO CAST ONE VOTE IN THE ELECTION OF THEIR CATEGORY'S REPRESENTATIVES TO THE EXECUTIVE BOARD. TO QUALIFY TO BE A VOTING MEMBER ON THE NATO ADVISORY BOARD, A PERSON MUST OWN OR BE EMPLOYED BY A NATO MEMBER IN GOOD STANDING AND MUST HAVE PARTICIPATED IN AT LEAST TWO MEETINGS OF THE ADVISORY BOARD. THE NATO MEMBERSHIP COMMITTEE REVIEWS THE APPLICATIONS OF QUALIFIED ADVISORY BOARD CANDIDATES. NATO'S VICE PRESIDENT/CHIEF OPERATING OFFICER, IN CONSULTATION WITH THE NATO MEMBERSHIP COMMITTEE, PROVIDES THE OFFICIAL ROLL OF THE ADVISORY BOARD. DURING EACH ANNUAL MEETING OF THE GENERAL MEMBERSHIP, THE MEMBERSHIP VOTES TO APPROVE OR DISAPPROVE THE OFFICIAL ROLL OF ADVISORY BOARD MEMBERS. THE NINTH ELECTED SEAT ON THE EXECUTIVE BOARD IS HELD BY A REPRESENTATIVE OF NATO'S CERTIFIED REGIONAL ASSOCIATION MEMBERS. ONLY VOTING DELEGATES FROM EACH OF NATO'S CERTIFIED REGIONAL ASSOCIATIONS ARE ELIGIBLE TO RUN AND VOTE IN THIS ELECTION. |
| FORM 990, PART VI, SECTION B, LINE 11 | NATO'S FORM 990 IS DRAFTED BY NATO'S OUTSIDE ACCOUNTING FIRM WITH INFORMATION AND INPUT FROM NATO'S CONTROLLER AND VICE PRESIDENT/CHIEF OPERATING OFFICER. THE DRAFT 990 IS REVIEWED BY NATO'S CONTROLLER, VICE PRESIDENT/CHIEF OPERATING OFFICER AND PRESIDENT/CEO FOR ACCURACY. ONCE THE NATO MANAGEMENT TEAM HAS APPROVED THE DRAFT FORM 990, THE DOCUMENT IS SENT TO THE NATO AUDIT COMMITTEE FOR REVIEW. THE APPROVAL OF THE AUDIT COMMITTEE IS REQUIRED PRIOR TO SUBMITTING THE FORM 990 TO THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | NATO'S EXECUTIVE BOARD REQUIRES ALL DIRECTORS, OFFICERS, AND KEY EMPLOYEES TO COMPLETE AND SUBMIT AN ANNUAL STATEMENT OF DISCLOSURE DETAILING ANY FACTS OR CIRCUMSTANCES THAT MIGHT CONSTITUTE A CONFLICT OF INTEREST. THE CONFLICT OF INTEREST POLICY IS REVIEWED AT LEAST SEMI-ANNUALLY AT MEETINGS OF NATO'S EXECUTIVE BOARD. THE CONFLICT OF INTEREST POLICY FORMS ARE COLLECTED AT THE START OF EACH EXECUTIVE BOARD MEMBER'S TERM OF SERVICE AND REVIEWED BY NATO'S OUTSIDE COUNSEL. HE BRINGS POTENTIAL CONFLICTS FIRST TO THE ATTENTION OF THE AUDIT COMMITTEE AND THEN TO THE ATTENTION OF THE EXECUTIVE BOARD FOR RESOLUTION. IF NATO'S OUTSIDE COUNSEL, AUDIT COMMITTEE, OR EXECUTIVE BOARD IDENTIFIES AN ACTUAL, POTENTIAL OR APPARENT CONFLICT OF INTEREST, THE EXECUTIVE BOARD MAY: 1) WAIVE THE CONFLICT OF INTEREST AS UNLIKELY TO AFFECT THE DIRECTORS, OFFICERS OR KEY EMPLOYEES' ABILITY TO ACT IN THE BEST INTEREST OF NATO, 2) DETERMINE THAT THE INDIVIDUAL DIRECTOR OR OFFICER SHOULD BE RECUSED FROM ALL DELIBERATION AND DECISION-MAKING RELATED TO THE PARTICULAR TRANSACTION OR RELATIONSHIP THAT GIVES RISE TO THE CONFLICT OF INTEREST, OR 3) DETERMINE THAT THE INDIVIDUAL DIRECTOR OR OFFICER MUST RESIGN FROM HIS OR HER SERVICE TO NATO IF THE CONFLICT IS SO PERVASIVE THAT THE DIRECTOR OR OFFICER MIGHT NOT BE ABLE TO ACT IN THE BEST INTERESTS OF THE ORGANIZATION. THE EXECUTIVE BOARD RESERVES FINAL AUTHORITY OVER THE RESOLUTION OF ALL CONFLICTS OF INTEREST INVOLVING A DIRECTOR, OFFICER OR KEY EMPLOYEE OF NATO. THE EXECUTIVE BOARD MAY OVERRULE ANY PRELIMINARY DECISION OF THE OUTSIDE COUNSEL OR THE AUDIT COMMITTEE WITH REGARDS TO CONFLICTS OF INTEREST. NATO'S BYLAWS IDENTIFY VIOLATION OF NATO'S CONFLICT OF INTEREST POLICY AMONG THE GROUNDS FOR EXPULSION FROM THE EXECUTIVE BOARD. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE COMPENSATION OF EACH OF NATO'S MANAGEMENT EMPLOYEES IS REPORTED AS AN INDIVIDUAL LINE ITEM IN THE NATO BUDGET AND IN THE FINANCIAL STATEMENTS PRESENTED TO THE NATO EXECUTIVE BOARD. THE PRESIDENT/CEO IS EMPOWERED BY THE BYLAWS TO HIRE AND SUPERVISE THE OTHER MEMBERS OF THE MANAGEMENT TEAM. HE INCLUDES PROPOSED SALARY ADJUSTMENTS FOR THE OTHER MANAGEMENT POSITIONS IN THE PROPOSED BUDGET PRESENTED TO THE EXECUTIVE BOARD. IN DEVELOPING HIS RECOMMENDATIONS, HE CONSIDERS COMPARABLE COMPENSATION DATA FOR SIMILAR POSITIONS AT NON-PROFIT ORGANIZATIONS OF SIMILAR SIZE AND LOCATION, AS REPORTED IN ANNUAL ASSOCIATION COMPENSATION AND BENEFITS STUDY PUBLISHED BY THE AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES. THE NATO COMPENSATION COMMITTEE REVIEWS THE PRESIDENT'S PERFORMANCE AND SALARY AND MAKES ANY RECOMMENDATION FOR ADJUSTMENT TO THE FULL EXECUTIVE BOARD FOR ITS APPROVAL. |
| FORM 990, PART VI, SECTION C, LINE 19 | NATO'S FORM 990 IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | RESTRICTED NET ASSETS RECONCILIATION ADJUSTMENT -237. |
| FORM 990, PART XII, LINE 2C: | THE ASSOCIATION'S OVERSIGHT PROCESS OR SELECTION PROCESS HAS NOT CHANGED DURING THE TAX YEAR. |
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2014
Additional Data
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