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 | THE ASSOCIATION HAS MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERSHIP SUBMITS NOMINATIONS AND HOLDS ELECTIONS ANNUALLY. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE MEMBERS APPROVE THE ACTIONS OF THE BOARD OF DIRECTORS AND OFFICERS ANNUALLY. |
| FORM 990, PART VI, SECTION B, LINE 11 | FORM 990 IS NOT REVIEWED BY THE BOARD. IT IS REVIEWED BY THE PRESIDENT BEFORE FILING. |
| FORM 990, PART VI, SECTION C, LINE 19 | RECORDS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XII, LINE 1: | THE ASSOCIATION'S POLICY IS TO PREPARE ITS FINANCIAL STATEMENTS ON A MODIFIED CASH BASIS OF ACCOUNTING; CONSEQUENTLY, REVENUES ARE RECOGNIZED WHEN RECEIVED RATHER THAN WHEN EARNED, AND EXPENSES ARE RECOGNIZED WHEN CASH IS DISBURSED RATHER THAN WHEN THE OBLIGATION IS INCURRED. THE SIGNIFICANT MODIFICATIONS TO THE CASH BASIS INCLUDE RECORDING ACQUISITIONS OF PROPERTY AND EQUIPMENT AS ASSETS AND DEPRECIATING RATHER THAN EXPENSING THE ASSETS ACQUIRED AND RECORDING NOTES PAYABLE AS LIABILITIES RATHER THAN AS EXPENDITURES WHEN PAYMENTS ARE MADE. |
| FORM 990, PART XII, LINE 2C: | THE BOARD OF DIRECTORS REVIEWS THE AUDITED FINANCIAL STATEMENTS AND SELECTS THE INDEPENDENT AUDITOR. |
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