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 | The Association entered into a management agreement with another nonprofit association, Minnesota Automobile Dealers Association "MADA", which provides services to automobile dealerships throughout the state of Minnesota. |
| Form 990, Part VI, Section A, line 6 | the organization has members. |
| Form 990, Part VI, Section A, line 7a | members elect four directors each year to serve a three year term. |
| Form 990, Part VI, Section A, line 7b | MAJOR DECISIONS OF THE ORGANIZATOIN ARE APPROVED BY MEMBERS. |
| Form 990, Part VI, Section B, line 11 | THE FINANCE AND AUDIT COMMITTEE REVIEWS FORM 990 PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE AND PRESENTS IT TO THE BOARD OF DIRECTORS. |
| Form 990, Part VI, Section B, line 12c | Each director and officer is provided with and asked to review the copy of the conflict of interest policy and to acknowledge in writing that he or she has done so. A disclosure form is completed annually to identify any relationships, positions, or circumstances in which the individual is involved that he or she believes could contribute to a Conflict of Interest. The policy is reviewed annually by the Board of Directors and any changes are communicated to all staff. Prior to board or committee action on a contract or transaction involving a conflict of interest, the conflicted person in attendance at the meeting shall disclose all facts material to the conflict of interest. The person with conflict must abstain from the discussion and voting on the matter in which the interest is pertinent aside from answering material questions in a manner of fact and excluding any opportunity to exert personal influence. |
| Form 990, Part VI, Section C, line 19 | The organization makes its governing documents, conflict of interest poilcy and financial statements available to the public upon request. |
| Form 990, Part VII, Line 16 | SCOTT LAMBERT SERVES AS PRESIDENT OF THE ORGANIZATION AND IS EMPLOYED BY MINNESOTA AUTOMOBILE DEALERS ASSOCIATION (MADA). THE ORGANIZATION HAS A MANAGEMENT CONTRACT WITH MADA FOR WHICH THEY COMPENSATE FOR SCOTT LAMBERT'S MANAGEMENT SERVICES. THE AMOUNT FOR THE CURRECT TAX YEAR FOR SCOTT LAMBER SPECIFICALLY IS $96,353. |
| Form 990, Part IX, line 11g | trade show services 421,610. Security Services 78,633. Other Professional Services 122,966. |
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