Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| Officer directors etc family relationship Part VI line 2 | DIRECTORS TRADE QUOTA AMOUNG THEMSELVEDS ON OCCASION. THE ORGANIZATION IS DESIGNED TO FACILITATE TRADING OF QUOTAS AMONG MEMBERS AND ALL QUOTAS ARE TRADED AT AN ARMS LENGTH VALUE. |
| Members or stockholder classes and rights Part VI line 6 | THE ORGANIZATION IS A MAMBERSHIP ORGANIZATION, HOWEVER NO MEMBERS HAVE ANY OWNERSHIP RIGHTS TO THE ORGANIZATION. |
| Member election for additional members Part VI line 7a | THE MEMBERS ELECT THE BOARD OF DIRECTORS. |
| Governing body decisions Part VI line 7b | THE MEMBERSHIP AS A WHOLE VOTES ON LARGER ISSUES THAT MAY HAVE A SUBSTANTIAL EFFECT ON ALL MEMBERS SUCH AS SELF-LIMITING QUOTAS. |
| Form 990 governing body review Part VI line 11 | THE EXECUTIVE DIRECTOR REVIEWS THE FORM 990 WITH THE ACCOUNTANT AND THEN EMAILS A DRAFT OF THE 990 TO ALL BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING. |
| Governing documents etc available to public Part VI line 19 | THE ORGANIZATION SUPPLIES ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. |
| List of other fees for services expenses Part IX line 11g | THE ORGANIZATION PAYS FOR OUTSIDE SERVICES NECESSARY TO OPERATE THE MEMBER'S BOAT AND BILLS THE MEMBER FOR THOSE SERVICES. |
| List of other expenses Part IX line 24e | THE ORGANIZATION PURCHASES SECTOR QUOTA DURING THE COURSE OF THE YEAR TO ENSURE THAT SECTOR FISHERIES HAVE ADEQUATE QUOTA. AT THE END OF THE GOVERNMENT FISCAL YEAR, IF THAT QUOTA IS NOT PURCHASED BY A MEMBER OF THE SECTOR IT BECOMES WORTHLESS. THIS REPRESENTS THE QUOTA PURCHASED BY THE SECTOR THAT WAS NOT REPURCHASED BY A MEMBER. |
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