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 VII, LINE 1 | CENTRAL CITY ASSOCIATION (CCA) AND DOWNTOWN CENTER BUSINESS IMPROVEMENT DISTRICT (DCBID), A 501(C)(6) ORGANIZATION, HAVE CERTAIN STAFF MEMBERS IN COMMON, INCLUDING THE PRESIDENT/CHIEF EXECUTIVE OFFICER (CEO). THE SAME PERSON SERVES AS CEO FOR BOTH CCA AND DCBID, BUT IS ACTUALLY A LEGAL EMPLOYEE OF CCA ONLY. BOTH ENTITIES SHARE THE COST OF THE CEO PURSUANT TO THE SERVICES, EQUIPMENT AND SPACE SHARING AGREEMENT (THE AGREEMENT). |
| FORM 990, PART VI, SECTION A, LINE 2 | CAROL E. SCHATZ, CEO/PRESIDENT, AND FRED MUIR, BOARD MEMBER, HAVE A FAMILY RELATIONSHIP. |
| FORM 990, PART VI, SECTION A, LINE 6 | MEMBERS WHO PAY DUES REPRESENT ORGANIZATIONS THAT HAVE COMMITTED TO MEMBERSHIP WITH CCA. THE LEVEL OF MEMBERSHIP AND PRIVILEGES ARE CONTINGENT UPON THE LEVEL OF MEMBERSHIP PAID FOR, SUBJECT TO APPROVAL BY THE EXISTING MEMBERSHIP. |
| FORM 990, PART VI, SECTION B, LINE 11 | BEFORE FILING THE FORM 990 RETURN IT WILL BE REVIEWED BY THE FINANCE COMMITTEE OF THE EXECUTIVE BOARD MANAGEMENT & OPERATIONS COMMITTEE ("THE M & O COMMITTEE") AND RECOMMENDED FOR APPROVAL BY THE WHOLE M & O COMMITTEE. BECAUSE THE BOARD MEMBERS FOR CCA NUMBERS APPROXIMATELY 150 ("THE BOARD"), THE ACTUAL DETAILED REVIEW OF CCA BUSINESS IS PERFORMED BY THE M & O COMMITTEE. A COPY OF THE REPORT WILL BE SENT ELECTRONICALLY TO THE M & O COMMITTEE AT LEAST 5 DAYS PRIOR TO THE MEETING SO THAT THEY HAVE TIME TO ABSORB THE CONTENTS. |
| FORM 990, PART VI, SECTION B, LINE 12C | ON AN ANNUAL BASIS, A CODE OF CONDUCT DECLARATION IS GIVEN TO EACH BOARD MEMBER AND THEY ARE REQUIRED TO SIGN IT AND AGREE TO ITS PROVISIONS. THE CEO OF THE ORGANIZATION REVIEWS OPERATIONS TO ENSURE THAT THERE IS COMPLIANCE BY ALL OFFICERS, TRUSTEES, AND KEY EMPLOYEES. POTENTIAL CONFLICTS OF INTEREST INVOLVING THE CEO OR OTHER CORPORATE OFFICERS ARE REVIEWED BY THE FINANCE SUB COMMITTEE OF THE MANAGEMENT & OPERATIONS COMMITTEE, AND THE CHIEF OPERATING OFFICER OF CCA IN THE NORMAL COURSE OF PROCESSING RECEIPTS AND DISBURSEMENTS. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE FINANCE COMMITTEE OF THE BOARD PERFORMS ANALYSIS AND PROVIDES RECOMMENDATIONS TO THE MANAGEMENT & OPERATIONS COMMITTEE REGARDING THE COMPENSATION OF THE ORGANIZATION'S CEO. THE CCA MANAGEMENT & OPERATIONS BOARD COMMITTEE REVIEWS THE CEO'S COMPENSATION AND PERFORMANCE ON AN ANNUAL BASIS AND MAKES A DETERMINATION AS TO WHETHER IT WISHES TO MAINTAIN OR ADJUST THE TERMS OF ITS RELATIONSHIP WITH THE CEO. ONLY THE CEO IS BOUND BY AN EMPLOYMENT AGREEMENT CONTRACT. THE CEO MAKES RECOMMENDATIONS TO THE MANAGEMENT & OPERATIONS BOARD COMMITTEE REGARDING APPROPRIATE SALARY AND BONUS ADJUSTMENTS FOR OTHER OFFICERS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | CONSULTANTS 232,604. |
| FORM 990, PART XII, LINE 12C | NO CHANGES WERE MADE TO THE OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR, AS COMPARED TO THE PRIOR TAX YEAR. |
| FORM 990, PART VII, LINE 1 AND SCHEDULE J, PART II AND PART III | THE FORM 990 HAS BEEN AMENDED TO PROPERLY REFLECT THE COMPENSATION PAID TO CAROL E. SCHATZ, PRESIDENT/CEO, BY CENTRAL CITY ASSOCIATION OF LOS ANGELES INC. |
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