Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| Pt VI, Line 6 | THE ASSOCIATION HAS 3 TYPES OF MEMBERSHIPS: REGULAR, ASSOCIATE AND CORPORATE. REGULAR MEMBERS ARE A FIRM THAT HAS 51% OR MORE HISPANIC OWNERSHIP. ASSOCIATE MEMBERS ARE ALL OTHER ORGANIZATIIONS NOT MEETING THE CRITERIA FOR REGULAR MEMBERSHIP BUT THAT THE BOARD DEEMS TO BE A GOOD BUSINESS RELATIONSHIP. A CORPORATE MEMBER IS A SINGLE BUSINESS ENTITY. |
| Pt VI, Line 7a | VOTING MEMBERS HAVE THE RIGHT TO ELECT THE BOARD OF DIRECTORS. |
| Pt VI, Line 7b | THERE ARE CERTAIN BOARD DECISIONS THAT MUST BE APPROVED BY THE MEMBERS. |
| Pt VI, Line 11b | AN OUTSIDE INDEPENDENT CPA FIRM PREPARES THE ASSOCIATION'S FORM 990 AND SUBMITS IT TO THE BOARD FOR REVIEW AND APPROVAL. THE BOARD'S QUESTIONS AND COMMENTS ARE DIRECTD TO THE CPA FIRM FOR RESOLUTION. AFTER ALL DISCUSSION POINTS ARERESOLVED THE RETURN IS SIGNED BY THE EXECUTIVE DIRECTOR. |
| Pt VI, Line 12c | THE ASSOCIATION REVIEWS ALL CONTRACTS AND INVOICES TO ENSURE THAT THERE ARE NO CONFLICTS OF INTEREST. |
| Pt VI, Line 15a | COMPENSATION IS DETERMINED AS PART OF THE BUDGETING PROCESS AND COMPETITIVE WAGE REQUIREMENTS. THE EXECUTIVE COMMITTEE DISCUSSES AND REVIEWS THE EXECUTIVE DIRECTOR'S SALARY AND BENEFITS, AND TERMS OF EMPLOYMENT SUBJECT TO THE FULL BOARD'S FINAL APPROVAL. |
| Pt VI, Line 15b | COMPENSATION IS DETERMINED AS PART OF THE BUDGETING PROCESS CONSIDERING COMPETITIVE WAGE REQUIREMENTS. |
| Pt X | THE ASSOCIATION UTILIZES SFAS 117. |
| Pt XII, Line 2c | THE SEPARATE FINANCIALS ARE AUDITED BY AN INDEPENDENT CPA FIRM. THE ASSOCIATION REVIEWS AND OVERSEES THE WORK OF THE OUTSIDE AUDITORS. |
| Form 990, Part IX, Line 24e | MISCELLANEOUS 2620. 1887. 261. 472. |
| Form 990, Part IX, Line 24e | OUTSIDE SERVICES 2985. 2985. 0. 0. |
| Form 990, Part IX, Line 24e | POSTAGE 5067. 2938. 508. 1621. |
| Form 990, Part IX, Line 24e | PROFESSIONAL FEES 14799. 13319. 0. 1480. |
| Form 990, Part IX, Line 24e | TELEPHONE 16395. 11477. 2459. 2459. |
| Form 990, Part IX, Line 24e | SUPPLIES 3312. 3113. 0. 199. |
| Form 990, Part IX, Line 24e | SPECIAL EVENTS 169310. 0. 169310. 0. |
| Form 990, Part IX, Line 24e | REPAIRS 3149. 2236. 567. 346. |
| Form 990, Part IX, Line 24e | TRAINING 7043. 7043. 0. 0. |
| Form 990, Part IX, Line 24e | UTILITIES 1354. 948. 203. 203. |
| Form 990, Part IX, Line 24e | BAD DEBTS 5845. 5845. 0. 0. |
| Software ID: | 15000272 |
| Software Version: |