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 IV, LINE 11F | AS PART OF THE AUDIT CONDUCTED FOR THE ORGANIZATION A FIN 48 (ASC 740) ANALYSIS IS COMPLETED. IT WAS DETERMINED THAT NO UNCERTAIN TAX POSITION EXISTED AND AS SUCH THERE IS NO FOOTNOTE IN THE FINANCIAL STATEMENTS THAT DISCUSSES FIN 48 (ASC 740). |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ASSOCIATION IS COMPRISED OF VARIOUS MEMBERSHIP CLASSES. ANY NATURAL PERSON, PARTNERSHIP, LIMITED LIABILITY COMPANY, ASSOCIATION, OR CORPORATION MEETING THE REQUIREMENTS SHALL BE ELIGIBLE FOR MEMBERSHIP IN THE DAIRY BUSINESS ASSOCIATION, INC. BY SUBMITTING AN APPLICATION FORM AND PAYING THE ANNUAL DUES. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS OF THE ASSOCIATION HAVE THE POWER TO ELECT THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANTING FIRM, AND IS THEN REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR, BUSINESS MANAGER AND ACCOUNTANT. AFTER REVIEWED A DRAFT IS PRESENTED, REVIEWED, AND APPROVED BY THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY APPLIES TO ALL DIRECTORS, STAFF AND VOLUNTEERS. IF A DIRECTOR OR AN EMPLOYEE HAS ANY QUESTION WHETHER AN ACTION OR PROPOSED COURSE OF CONDUCT WOULD CREATE A CONFLICT OF INTEREST, HE OR SHE SHOULD IMMEDIATELY CONTACT THE EXECUTIVE DIRECTOR TO OBTAIN ADVICE ON THE ISSUE. ANY PROCEEDINGS RESULTING FROM CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES OR AS OTHERWISE APPROPRIATE, INCLUDING (BUT NOT LIMITED TO) POSSIBLE REMOVAL FROM THE BOARD OR EMPLOYMENT. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE SALARY FOR THE EXECUTIVE DIRECTOR IS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS BY THE USE OF COMPARABILITY DATA AFTER MUCH DELIBERATION. THE DELIBERATION AND FINAL APPROVAL ARE TIMELY DOCUMENTED IN THE MINUTES OF THE BOARD OF DIRECTOR MEETINGS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | CAPITOL CONSULTANTS FEES 60,000. CONSULTING FEES 110,464. PROFESSIONAL SERVICES 4,070. SUBCONTRACTED LABOR 16,614. |
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