Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
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| FORM 990, PART VI, SECTION A, LINE 1 | THE BOARD OF DIRECTORS MAY, BY RESOLUTION ADOPTED BY TWO-THIRDS OF THE TOTAL NUMBER OF DIRECTORS, ESTABLISH AN EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF THIS CORPORATION AND APPOINT TWO OR MORE DIRECTORS TO SERVE ON SUCH EXECUTIVE COMMITTEE, AT LEAST ONE OF WHOM SHALL BE THE PRESIDENT OF THE CORPORATION. ONLY PERSONS WHO ARE DIRECTORS OF THIS CORPORATION SHALL BE ELIGIBLE FOR APPOINTMENT TO THE EXECUTIVE COMMITTEE. WHEN A MEMBER OF THE EXECUTIVE COMMITTEE CEASES TO BE A DIRECTOR OF THIS CORPORATION, SUCH PERSON AUTOMATICALLY SHALL CEASE TO BE A MEMBER OF THE EXECUTIVE COMMITTEE OF THIS CORPORATION. EXCEPT FOR THE POWER TO AMEND THE ARTICLES OF INCORPORATION AND THE BYLAWS OF THIS CORPORATION, WHICH POWER IS EXPRESSLY RESERVED SOLELY TO THE BOARD OF DIRECTORS OF THIS CORPORATION, WHICH POWER IS EXPRESSLY RESERVED SOLELY TO THE BOARD OF DIRECTORS OF THIS CORPORATION AS HEREINAFTER PROVIDED, THE EXECUTIVE COMMITTEE SHALL HAVE ALL OF THE POWERS AND AUTHORITY OF THE BOARD OF DIRECTORS OF THIS CORPORATION IN THE MANAGEMENT OF THE PROPERTY, BUSINESS, AND AFFAIRS OF THIS CORPORATION IN THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, SUBJECT ALWAYS TO THE DIRECTION AND CONTROL OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ALLIANCE'S BOARD OF DIRECTORS CONSISTS OF THE DIRECTORS OF THE EXECUTIVE COMMITTEE OF THE MINNESOTA ASSOCIATION OF REALTORS. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 WAS REVIEWED AT A BOARD MEETING PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE HOA CONFLICT OF INTEREST POLICY APPLIES TO ALL DIRECTORS, OFFICERS AND EMPLOYEES. EACH PERSON GOVERNED BY THIS POLICY IS REQUIRED TO COMPLETE AN ANNUAL DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS OR CIRCUMSTANCES IN WHICH THE PERSON IS INVOLVED THAT THEY BELIEVE COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. BEFORE BOARD ACTION ON A CONTRACT OR TRANSACTION INVOLVING CONFLICT OF INTEREST, A DIRECTOR HAVING A CONFLICT OF INTEREST IS REQUIRED TO DISCLOSE ALL MATERIAL FACTS. A PERSON WHO HAS A CONFLICT OF INTEREST MAY NOT PARTICIPATE IN OR BE PERMITTED TO HEAR THE BOARD'S DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. SUCH PERSON MAY NOT ATTEMPT TO EXERT THEIR PERSONAL INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE THE MEETING. THE PERSON HAVING A CONFLICT OF INTEREST MAY NOT VOTE ON THE CONTRACT OR TRANSACTION AND MAY NOT BE PRESENT IN THE MEETING ROOM WHEN THE VOTE IS TAKEN, UNLESS THE VOTE IS BY SECRET BALLOT. IN THE EVENT IT IS NOT ENTIRELY CLEAR THAT A CONFLICT OF INTEREST EXISTS, THE CHAIR OR THE CHAIR'S DESIGNEE DETERMINES WHETHER A CONFLICT OF INTEREST EXISTS. ALL PROCEEDINGS RELATED TO CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE COMPENSATION OF THE CEO IS DETERMINED BY THE MINNESOTA ASSOCIATION OF REALTORS EXECUTIVE COMMITTEE, WHICH SERVES AS THE PERSONNEL COMMITTEE. THE COMMITTEE USES SALARY SURVEYS FOR COMPARABILITY DATA AND DOCUMENTS ALL STEPS IN THE PROCESS. THE PROCESS LAST INCLUDED REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION IN 2014 FOR THE CEO, C. GALLER. ALL OTHER COMPENSATION IS DETERMINED BY THE CEO. SALARY SURVEYS AND COMPARABILITY DATA ARE USED TO DETERMINE COMPENSATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ALLIANCE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
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