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 6 | INDIVIDUALS, PARTNERSHIPS, COMPANIES, CORPORATIONS, AND OTHER ORGANIZATIONS WHO ARE INTERESTED IN THE COMMERCIAL, INDUSTRIAL, AND CIVIC GROWTH AND VITALITY OF THE STATE OF NEW JERSEY SHALL BE ELIGIBLE FOR MEMBERSHIP IN THE ASSOCIATION. MEMBERSHIP SHALL COMMENCE AFTER THE ACCEPTANCE BY THE PRESIDENT AND SHALL BE EFFECTIVE UPON THE DATE OF THE MEMBER'S PAYMENT OF THE ANNUAL DUES IN ADVANCE. MEMBERSHIP SHALL CONTINUE ON A YEAR-TO-YEAR BASIS WITH DUES PAYABLE ON THE ANNIVERSARY DATE OF MEMBERSHIP. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE CHAIRPERSON APPOINTS A NOMINATING COMMITTEE CONSISTING OF NO MORE THAN SEVEN MEMBERS, WHICH MEMBERSHIP SHALL CONSIST OF: THE PRESIDENT, PAST CHAIRPERSONS WHO ARE CURRENTLY ACTIVE IN THE BUSINESS WORLD AND WHO SHALL BE SLECTED BY THE CHAIRPERSON WITH INPUT FROM THE PRESIDENT, AND, IF NECESSARY DUE TO AN INSUFFICIENT NUMBER OF PAST CHAIRPERSONS WHO ARE CURRENTLY ACTIVE IN THE BUSINESS WORLD, CURRENT MEMBERS OF THE BOARD OF DIRECTORS WHO SHALL BE SELECTED BY THE CHAIRPERSON WITH INPUT FROM THE PRESIDENT, BUT SHALL NOT INCLUDE THE CHAIRPERSON OR ANY OTHER MEMBER OF THE EXECUTIVE COMMITTEE. THIS COMMITTEE SHALL SELECT NOMINEES TO BE THE ASSOCIATION'S OFFICERS AND DIRECTORS FOR THE APPROPRIATE TERMS OF OFFICE. CANDIDATES FOR OFFICERS AND DIRECTORS WHO RECEIVE THE MAJORITY OF VOTES CAST BY ELIGIBLE DUES-PAYING MEMBERS IN GOOD STANDING SHALL BE DECLARED ELECTIVE. THE CHAIRPERSON SHALL HAVE THE UNILATERAL RIGHT TO DETERMINE THE METHOD OF VOTING, AND THE CHAIRPERSON'S JUDGMENT SHALL BE FINAL. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE ORGANIZATION HAS HIRED AN OUTSIDE CPA FIRM TO PREPARE THE FORM 990. THE PREPARED FORM 990 IS THEN PROVIDED TO THE BOARD MEMBERS TO REVIEW BEFORE THE PRESIDENT SIGNS THE RETURN. |
| FORM 990, PART VI, SECTION B, LINE 12C | ANNUALLY, THE DIRECTORS ARE SHOWN THE WRITTEN CONFLICT OF INTEREST POLICY AND THEY ACKNOWLEDGE THAT THEY HAVE READ AND ABIDE BY THEM. |
| FORM 990, PART VI, SECTION C, LINE 18 | DOCUMENTS AVAILABLE UPON REQUEST. |
| FORM 990, PART VI, SECTION C, LINE 19 | DOCUMENTS AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | LOSS ON SUBSIDIARY INVESTMENT - EQUITY METHOD -78,676. |
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