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 CORPORATION IS A MEMBERSHIP CORPORATION. PERSONS ELIGIBLE FOR MEMBERSHIP SHALL INCLUDE PROPERTY OWNERS AND COMMERCIAL AND RESIDENTIAL TENANTS IN THE CID AREA. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS OF THE MOUNT VERNON TRIANGLE COMMUNITY IMPROVEMENT DISTRICT ELECT THE ORGANIZATION'S GOVERNING BODY (BOARD OF DIRECTORS) |
| FORM 990, PART VI, SECTION B, LINE 11 | THE BOARD OF DIRECTORS REVIEWS THE 990 PRIOR TO FILING THE RETURN. |
| FORM 990, PART VI, SECTION B, LINE 12C | EMPLOYEES HAVE AN OBLIGATION TO CONDUCT BUSINESS WITHIN GUIDELINES THAT PROHIBIT ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. THIS POLICY ESTABLISHES ONLY THE FRAMEWORK WITHIN WHICH THE MOUNT VERNON TRIANGLE CID PLANS TO OPERATE. THE PURPOSE OF THESE GUIDELINES IS TO PROVIDE GENERAL DIRECTION SO EMPLOYEES CAN SEEK FURTHER CLARIFICATION ON ISSUES RELATED TO THE SUBJECT OF ACCEPTABLE STANDARDS OF OPERATION. THE BASIC PRINCIPLE OF CONFLICT OF INTEREST IS THAT EMPLOYEES SHOULD AVOID ANY ACTIVITY, INVESTMENT, OR INTEREST THAT MIGHT REFLECT UNFAVORABLY UPON THE INTEGRITY OR GOOD NAME OF THE EMPLOYEE OR OF THE MOUNT VERNON TRIANGLE CID. |
| FORM 990, PART VI, SECTION B, LINE 15 | THIS STANDARD COMPENSATION OF THE EXECUTIVE DIRECTOR IS CONTRACT BASED. THE BOARD PRESIDENT COLLECTS AND REVIEWS EVALUATIONS FROM ALL THE EXECUTIVE COMMITTEE MEMBERS REGARDING THE EXECUTIVE DIRECTOR'S PERFORMANCE. THE BOARD PRESIDENT MEETS WITH THE EXECUTIVE DIRECTOR WHEN COMPENSATION RECOMMENDATIONS HAVE BEEN APPROVED TO DISCUSS CHANGES IN COMPENSATION AND BENEFITS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC ON THEIR WEBSITE WWW.MVTCID.ORG |
| FORM 990, PART XII, LINE 2C: | THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR. |
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