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 I, Line 1: | IN SERVICING THEIR CUSTOMERS IN THE BOATING INDUSTRY. |
| Form 990, Part VI, Section A, Line 1a: | During the interval between meetings of the board of directors, the Executive Committee shall have and may exercise the powers of the board of directors of the corporation in the management of the business and affairs of the corporation, including, without limitation, the compensation of the officers of the corporation. The Executive Committee does not have authority to approve individual capital expenditures or commitments estimated to be more than $300,000 in any one year or $1.5 million in the aggregate. Minutes reflecting any action taken by the Executive Committee shall be submitted to the board of directors of the corporation at its next meeting for its information. |
| Form 990, Part VI, Section A, Line 2: | NMMA BOARD DIRECTORS KEVIN GRODZKI, DONALD DUBOIS AND MARK SCHWABERO HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER IN THEIR CAPACITY AS OFFICERS OF BRUNSWICK CORPORATION. |
| Form 990, Part VI, Section A, Line 6 and 7A: | NMMA HAS FOUR CLASSES OF MEMBERSHIP AS FOLLOWS: (1) BOAT MANUFACTURER,(2) ENGINE MANUFACTURER, (3) ACCESSORY MANUFACTURER, AND (4) ASSOCIATE MEMBERS. THE THREE MANUFACTURING DIVISIONS ARE REPRESENTED BY AN ELECTED DIVISIONAL BOARD OF DIRECTORS. ALL MEMBERS, EXCEPT ASSOCIATE MEMBERS, ARE ENTITLED TO CAST A VOTE TO ELECT THE THREE DIVISIONAL BOARD OF DIRECTORS AND NMMA BOARD OF DIRECTORS. |
| Form 990, Part VI, Section B, Line 11b: | THE TAX RETURN IS POSTED TO A SECURE DOCUMENT PORTAL (BOARD EFFECT) FOR A MINIMUM OF A WEEK BEFORE FILING. BOARD EFFECT IS NMMA'S SECURE INTERNET PORTAL FOR DISTRIBUTION OF MATERIAL TO THE BOARD. |
| Form 990, Part VI, Section B, Line 12c: | EACH DIRECTOR RECEIVES AND SIGNS A FORM NOTING THEIR COMPLIANCE WITH THE POLICY, WHICH REQUIRES IMMEDIATE NOTIFICATION OF ANY CONFLICT OF INTEREST. |
| Form 990, Part VI, Section B, Line 15b: | IN ADDITION TO THE ANNUAL PROCESS BELOW THAT IS UNDERTAKEN FOR THE PRESIDENT, IN THE PRIOR FISCAL YEAR, A COMPENSATION AND BENEFIT STUDY WAS COMPLETED FOR MOST POSITIONS WITHIN THE ORGANIZATION. THIS STUDY WAS UNDERTAKEN BY AN INDEPENDENT THIRD PARTY CONSULTANT AND PRESENTED AND OVERSEEN BY A COMMITTEE THAT INCLUDED SENIOR NMMA MANAGEMENT ALONG WITH A SUBSET OF THE NMMA EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. |
| Form 990, Part VI, Section C, Line 19: | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. IT DISTRIBUTES THE CONFLICT OF INTEREST POLICY TO BOARD MEMBERS AND EMPLOYEES. AN INTERNAL FINANCIAL STATEMENT IS DISTRIBUTED TO THE BOARD MONTHLY. AN INDEPENDENTLY PREPARED FINANCIAL STATEMENT IS AVAILABLE TO ALL MEMBERS AND TO ALL OTHERS UPON REQUEST. |
| Form 990, Part XI, Line 9: | Cumulative Translation Adjustments: ($8,970) |
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