Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | ISSTA HAS TWO COMPANIES THAT HAVE 100% OWNERSHIP IN OTHER COMPANIES AND ANOTHER THAT IS OVER 35%. |
| FORM 990, PART VI, SECTION A, LINE 6 | INTERNATIONAL SEAFOOD SUSTAINABILITY TRADE ASSOCIATION, INC. ("ISSTA") IS A TRADE ASSOCIATION WHOSE MEMBERS ARE TUNA PROCESSORS, TRADERS AND MARKETERS THAT AGREE TO FOLLOW THE CONSERVATION MEASURES IMPLEMENTED BY THE INTERNATIONAL SEAFOOD SUSTAINABILITY FOUNDATION, INC. ("ISSF"). |
| FORM 990, PART VI, SECTION A, LINE 7A | ISSTA HAS 3 CLASSES OF MEMBERS - (1) FOUNDERS OF ISSTA, (2) FULL MEMBERS, AND (3) ASSOCIATE MEMBERS. THE CLASSES OF MEMBERS HAVE VARYING RIGHTS WITH RESPECT TO ELECTING THE BOARD OF ISSTA. |
| FORM 990, PART VI, SECTION B, LINE 11B | ISSTA'S FORM 990 IS PREPARED EACH YEAR BY AN INDEPENDENT ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY ISSTA. THE DRAFT FORM 990 IS THEN REVIEWED BY ISSTA'S EXECUTIVE LEADERSHIP AND BY OUTSIDE LEGAL COUNSEL. THE FINAL VERSION OF THE FORM 990 IS DISTRIBUTED TO ISSTA'S FULL BOARD PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALTHOUGH A BOARD-ADOPTED CONFLICT OF INTEREST POLICY WAS NOT IN PLACE DURING THE 2018 TAX YEAR, NONETHELESS, DIRECTORS AND OFFICERS WERE REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM TO ENSURE THAT ANY CONFLICTS OF INTEREST WOULD BE DISCLOSED AND COULD BE PROPERLY ADDRESSED. IT IS INTENDED THAT A CONFLICT OF INTEREST POLICY WILL BE ADOPTED BY ISSTA'S BOARD IN THE NEAR FUTURE. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE COMPENSATION OF ISSTA'S PRESIDENT WAS DETERMINED TO BE REASONABLE AND REFLECT FAIR MARKET VALUE BASED ON A REVIEW OF DATA REGARDING COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. SINCE SUCH INITIAL DETERMINATION, THE PRESIDENT'S COMPENSATION HAS BEEN INCREASED ONLY TO REFLECT PERIODIC INCREMENTAL INCREASES SUCH AS COST OF LIVING ADJUSTMENTS. ALL OF THE MEMBERS OF ISSTA'S BOARD OF DIRECTORS WHO PARTICIPATED IN THE COMPENSATION DETERMINATION PROCESS WERE INDEPENDENT, HAVING HAD NO CONFLICTS OF INTEREST WITH RESPECT TO DETERMINING THE PRESIDENT'S COMPENSATION. THE COMPENSATION DETERMINATION PROCESS WAS DOCUMENTED CONTEMPORANEOUSLY. CERTAIN OFFICERS AND EMPLOYEES OF ISSTA ALSO PROVIDE SERVICES TO INTERNATIONAL SEAFOOD SUSTAINABILITY FOUNDATION, INC. ("ISSF"), AN AFFILIATED SECTION 501(C)(3) TAX-EXEMPT CHARITABLE ORGANIZATION. ISSTA DONATES THE TIME OF THOSE SHARED EMPLOYEES TO ISSF. |
| FORM 990, PART VI, SECTION C, LINE 18 | AVAILABLE UPON REQUEST |
| FORM 990, PART VI, SECTION C, LINE 19 | THE BYLAWS OF INTERNATIONAL SEAFOOD SUSTAINABILITY TRADE ASSOCIATION, INC. ARE MADE AVAILABLE TO THE PUBLIC ON THE WEBSITE OF ITS AFFILIATE, INTERNATIONAL SEAFOOD SUSTAINABILITY FOUNDATION, INC., A SECTION 501(C)(3) TAX-EXEMPT CHARITABLE ORGANIZATION. |
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