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 3 | REGIONAL AIRLINE ASSOCIATION (RAA) HAS ENTERED INTO A MANAGEMENT CONTRACT WITH SMITHBUCKLIN. UNDER THE TERMS OF THIS AGREEMENT, RAA MAKES PAYMENTS TO SMITHBUCKLIN WHICH COVERS STAFF SALARIES AND OTHER OVERHEAD EXPENSES. THE FEES INCURRED BY RAA DURING THE CURRENT FISCAL YEAR WERE $1,191,755 WHICH WERE BROKEN DOWN AS FOLLOWS: SALARIES AND BENEFITS, $787,534; INFRASTRUCTURE AND SUPPORT, $167,230; EVENT SERVICES, $174,491; FINANCIAL MANAGEMENT & ACCOUNTING SERVICES, $47,000; INFORMATION TECHNOLOGY, $15,500 |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS MEMBERS WHO NOMINATE AND ELECT THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS OF THE ASSOCIATION SHALL MEET ANNUALLY TO ELECT A BOARD OF DIRECTORS AS PROVIDED BY THE BYLAWS. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE MEMBERS OF RAA ARE CHARGED WITH APPROVING RAA'S BUDGET. |
| FORM 990, PART VI, SECTION A, LINE 8B | THE ORGANIZATION HAS NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE PRESIDENT REVIEWS THE FORM 990 BEFORE IT IS GIVEN TO THE GOVERNING BOARD, WHO ARE GIVEN A TIME FRAME IN WHICH TO REVIEW AND INQUIRE ABOUT THE 990 BEFORE IT IS FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
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