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 III, LINE 2 | THIS YEAR WE PARTNERED WITH TWO OF OUR NEARBY REALTOR ASSOCIATIONS TO PROVIDE THE GRI (GRADUATE REALTOR INSTITUTE) DESIGNATION FOR OUR REALTOR MEMBERS. THIS DESIGNATION HAS A 3 PART SERIES OF WHICH WE DECIDED TO START WITH PART ONE WHICH IN ITSELF CONSISTS OF 3 CLASSES EACH TWO DAYS LONG. AFTER CONSIDERABLE PLANNING, THE FIRST CLASS WAS HELD IN SEPTEMBER WITH A COMBINED CLASS SIZE OF 42. THE NEXT CLASSES WILL BE HELD IN THE FOLLOWING YEAR. THE EFFORT HAS BEEN A TREMENDOUS SUCCESS FOR OUR JOINT PARTNERSHIP AS WE COULD NOT OFFER THIS TYPE OF PROGRAM ON OUR OWN DUE TO THE EXPENSE OF IT. OUR MEMBERS ARE THRILLED WE CAN OFFER IT TO THEM AT ALL AND BRING IT CLOSE TO HOME AS IT IS HELD LOCALLY. |
| FORM 990, PART III, LINE 3 | THE INTRODUCTION OF THE GRI PROGRAM WAS A TRUE ENHANCEMENT TO OUR ALREADY GREAT EDUCATION PROGRAM. |
| FORM 990, PART VI, SECTION A, LINE 1 | THE EXECUTIVE COMMITTEE IS COMPRISED OF THE FOLLOWING OFFICERS: PRESIDENT, PRESIDENT ELECT, VICE PRESIDENT, SECRETARY/TREASURER, AND IMMEDIATE PAST PRESIDENT. IN ACCORDANCE WITH ASSOCIATION BYLAWS, THE EXECUTIVE COMMITTEE IS SUBORDINATE TO THE BOARD OF DIRECTORS. WHILE THE EXECUTIVE COMMITTEE GOVERNS ON BEHALF OF THE BOARD OF DIRECTORS, THE BOARD OF DIRECTORS RETAINS THE AUTHORITY TO AMEND THEIR DECISIONS. THE EXECUTIVE COMMITTEE IS AUTHORIZED TO EMPLOY OR ENTER INTO AN EMPLOYMENT CONTRACT WITH THE ASSOCIATION EXECUTIVE UPON AN EXPRESSED DIRECTIVE FROM THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 6 | WE HAVE MEMBERS, PRIMARILY REALTOR AND AFFILIATE/BUSINESS PARTNER MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | ONLY REALTOR MEMBERS VOTE FOR THE ELECTION OF THE BOARD OF DIRECTORS AS STIPULATED IN THE BYLAWS AT THE ANNUAL MEETING. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE REALTOR MEMBERS MUST APPROVE THE ELECTION OF MEMBERS OF THE BOARD OF DIRECTORS AS WELL AS ANY CHANGES OR AMENDMENTS TO THE BY LAWS. |
| FORM 990, PART VI, SECTION B, LINE 11 | BEFORE THE 990 IS FILED, IT IS REVIEWED BY CURRENT PRESIDENT, TREASURER AND ASSOCIATION EXECUTIVE AND SIGNED AFTER REVIEW. IT IS MADE AVAILABLE TO THE BOARD MEMBERS AT THE CURRENT BOARD MEETING. |
| FORM 990, PART VI, SECTION B, LINE 12C | IT IS PART OF THE EMPLOYMENT PROCESS FOR EMPLOYEES AND AS SUCH IS REVIEWED WITH STAFF. AS TO BOARD OF DIRECTORS, THIS IS REVIEWED IN AN ANNUAL TRAINING FOR LEADERSHIP AND OF COURSE REMINDED OF THROUGHOUT THE YEAR AS POTENTIAL ISSUES ARISE. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE PROCESS OF DETERMINING COMPENSATION OF THE ASSOCIATION EXECUTIVE (AE) IS BY REVIEW AND APPROVAL OF EXECUTIVE COMMITTEE AND PER BUDGET GUIDELINES. FINAL COPY OF EMPLOYMENT CONTRACT SIGNED BY AE & PRESIDENT PROVIDED TO AE AND ASSOCIATION LEGAL COUNSEL FOR FILING PURPOSES. THE PROCESS OF DETERMINING COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS BY REVIEW OF EXECUTIVE COMMITTEE AND PER BUDGET GUIDELINES. COMPENSATION AND PERFORMANCE REVIEWED AT LEAST ANNUALLY AND DOCUMENTED IN EMPLOYEE FILE (SIGNED BY BOTH AE & EMPLOYEE). |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS SUCH AS BY LAWS AND POLICIES ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. OTHER DOCUMENTS SUCH AS THE FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST AND BY APPOINTMENT. |
| Software ID: | |
| Software Version: |