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 EXECUTIVE COMMITTEE SHALL CONSIST OF THE FOLLOWING MEMBERS OF THE BOARD OF DIRECTORS: THE PAST CHAIR, THE CHAIR, THE CHAIR-ELECT, THE FIRST VICE-CHAIR, THE SECOND VICE-CHAIR, THE TREASURER, THE MANUFACTURERS AND SERVICES COUNCIL CHAIR, THE FEDERATED ASSOCIATION EXECUTIVE CHAIR, AND THE PRESIDENT. ALL SHALL HAVE VOTING PRIVELEGES, EXCEPT THAT THE PRESIDENT SHALL BE A NON-VOTING MEMBER. DURING THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, THE EXECUTIVE COMMITTTEE SHALL POSSESS AND MAY EXERCISE LIMITED POWERS OF THE BOARD OF DIRECTORS IN THE MANAGEMENT AND DIRECTION OF THE AFFAIRS OF NLBMDA, EXCEPT FOR (I) THE USE OF ANY RESTRICTED FUNDS AND (II) THE SETTING OF DUES AND ASSESSMENTS FOR NLBMDA MEMBERSHIP. ALL ACTIONS OF THE EXECUTIVE COMMITTEE SHALL BE REPORTED IN WRITING WITHIN 30 DAYS TO THE BOARD OF DIRECTORS, WHICH SHALL HAVE THE POWER TO OVERRULE SAID ACTIONS. |
| FORM 990, PART VI, SECTION A, LINE 3 | THE ORGANIZATION HAS ENTERED INTO A MANAGEMENT CONTRACT WITH SMITHBUCKLIN. UNDER THE TERMS OF THIS CONTRACT, NLBMDA MAKES PAYMENTS TO SMITHBUCKLIN WHICH COVER STAFF SALARIES AND OTHER OVERHEAD EXPENSES. THE FEES INCURRED BY NATIONAL LUMBER DURING THE TWELVE MONTHS PERIOD ENDED DECEMBER 31, 2015 WERE $535,055, WHICH WERE BROKEN DOWN AS FOLLOWS: ADMINISTRATIVE STAFF SERVICES - $187,219, MANAGEMENT AND HEADQUARTERS - $159,000, FINANCIAL MANAGEMENT AND ACCOUNTING SERVICES - $40,376, GOVERNMENT REALTIONS - $58,800, EVENT EXPENSE - $ 63,525, MARKETING SERVICES - $3,200, INFORMATION TECHNOLOGY - $21,725, AND EDUCATION AND LEARNING SERVICES - $1,210. SMITHBUCKLIN'S PERFORMANCE UNDER THIS AGREEMENT IS MONITORED BY THE BOARD OF NATIONAL LUMBER. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ORGANIZATION'S MEMBERS ELECT THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11 | A DRAFT COPY OF THE 990 IS REVIEWED AND APPROVED BY THE GOVERNING BODY PRIOR TO FILING. |
| FORM 990, PART VI, SECTION C, LINE 19 | FORM 990 IS AVAILABLE UPON REQUEST AND ALSO THROUGH THE WEBSITE WWW.GUIDESTAR.ORG. |
| FORM 990, PART XII, LINE 2C: | THE ORGANIZATION HAS NOT CHANGED ITS AUDIT OVERSIGHT PROCESS OR INDEPENDENT AUDITOR SELECTION PROCESS DURING THE TAX YEAR. |
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