Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Members or stockholder classes and rights Part VI line 6 | THERE ARE TWO TYPES OF MEMBERS, REGULAR MEMBERS AND AFFILIATE MEMBERS. REGULAR MEMBERS ARE REQUIRED TO VOTE ON THE FOLLOWING MATTERS: DIRECTORS, OFFICERS, SALE OF SIGNIFICANT ASSETS, DISSOLUTION OF THE CORPORATION, ETC. |
| Member election for additional members Part VI line 7a | MEMBERS ELECT BOARD MEMBERS FROM GENERAL MEMBERSHIP |
| Governing body decisions Part VI line 7b | GENERAL MEMBERSHIP VOTES ON BOARD RECOMMENDATIONS REGARDING BY-LAWS, DUES INCREASES AND CHANGES IN MLS LISTINGS |
| Form 990 governing body review Part VI line 11 | PRIOR TO SIGNING AND FILING THE 990, IT IS REVIEWED BY THE BOARD. |
| CEO executive director top management comp Part VI line 15a | EXECUTIVE MANAGER IS REVIEWED BEFORE SALARY DETERMINATION |
| Governing documents etc available to public Part VI line 19 | DOCUMENTS ARE AVAILABLE TO PUBLIC UPON REQUEST AT THE OFFICE OF THE ORGANIZATION. |
| General explanation attachment | VI SECTION B POLICIES. IN A PRIOR YEAR, THE EAST CENTRAL ASSOCIATION OF REALTORS INVESTED IN A REGIONAL MULTIPLE LISTING SERVICE WHICH IS A FOR-PROFIT ENTITY. THE COMMON STOCK OWNERSHIP IS 3%, WITH ONLY 1 VOTE. THEREFORE THERE IS NO CONTROLLING INTEREST. THE ORGANIZATION HAS EVALUATED ITS PARTICIPATION IN THIS ARRANGEMENT AND HAS TAKEN STEPS DEEMED NECESSARY TO SAFEGUARD ITS EXEMPT STATUS AS A RESULT OF THIS ARRANGEMENT. THE EAST CENTRAL BOARD OF REALTORS HAS A POLICY OF NOT INVESTING IN OTHER JOINT VENTURES WITHOUT BOARD APPROVAL. |
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