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 1 | THERE SHALL BE AN EXECUTIVE COMMITTEE COMPRISED OF THE OFFICERS OF NASSTRAC, THE IMMEDIATE PAST PRESIDENT PLUS THE CHAIRPERSONS OF ANY CONTINUING COMMITTEES AND NO MORE THAN TWELVE AT LARGE MEMBERS OF THE EXECUTIVE COMMITTEE. MEMBERSHIP ON THE EXECUTIVE COMMITTEE IS LIMITED TO REGULAR MEMBERS. A MAJORITY OF MEMBERS OF THE EXECUTIVE COMMITTEE SHALL BE BENEFICIAL OWNERS OR SHIPPERS OF FREIGHT, PROVIDED THAT, BY A MAJORITY VOTE OF SUCH BENEFICIAL FREIGHT OWNER MEMBERS OF THE EXECUTIVE COMMITTEE, THIS MAJORITY REQUIREMENT MAY BE WAIVED. THE EXECUTIVE COMMITTEE SHALL BE THE GOVERNING BOARD AND HAVE CHARGE OF THE AFFAIRS OF NASSTRAC AND THE BUSINESS THEREOF. THE IMMEDIATE PAST PRESIDENT OF NASSTRAC SHALL BE CHAIRPERSON OF THE EXECUTIVE COMMITTEE. |
| FORM 990, PART VI, SECTION A, LINE 3 | NASSTRAC DELEGATED CONTROL OVER ITS MANAGEMENT DUTIES TO SMITHBUCKLIN CORPORATION. UNDER THE TERMS OF THIS AGREEMENT, NASSTRAC MAKES PAYMENTS TO SMITHBUCKLIN WHICH COVERS STAFF SALARIES AND OTHER OVERHEAD EXPENSES. SMITHBUCKLIN'S PERFORMANCE UNDER THE AGREEMENT IS MONITORED BY THE BOARD. FOR THE YEAR ENDED JUNE 30, 2015, THE ASSOCIATION'S MANAGEMENT FEES TOTALED $365,991 AND CONSISTED OF THE FOLLOWING: ADMINISTRATIVE SERVICES $193,702; EVENT SERVICES $94,626; EDUCATION $12,000; FINANCIAL MANAGEMENT AND ACCOUNTING SERVICES $20,167; MARKETING AND COMMUNICATIONS SERVICES 45,496. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS THREE TYPES OF MEMBERS: REGULAR, ASSOCIATE, AND HONORARY. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ORGANIZATION'S "REGULAR" MEMBERS HAVE THE POWER TO ELECT BOARD MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE ORGANIZATION'S "REGULAR" MEMBERS HAVE THE POWER TO VOTE ON GOVERNANCE DECISIONS AT THE ANNUAL MEETING. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS PROVIDED TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS, UPON RECEIVING APPROVAL, THE FORM 990 IS REVIEWED AND SIGNED BY NASSTRAC'S EXECUTIVE DIRECTOR. |
| FORM 990, PART VI, SECTION C, LINE 19 | NASSTRAC'S BYLAWS ARE AVAILABLE TO THE PUBLIC THROUGH THEIR WEBSITE. OTHER GOVERNING DOCUMENTS AND THE FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. |
| FORM 990, PART IX, LINE 11G | OUTSIDE EXECUTIVE DIRECTOR FEES 89,990. GENERAL SERVICES CONTRACTOR 2,978. EDUCATION ADVISOR 12,335. SPEAKERS 6,344. |
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