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 6 | TWO CLASSES OF MEMBERSHIP: A. ACTIVE MEMBERSHIP SHALL BE OPEN TO ANY INDIVIDUAL, PARTNERSHIP, CORPORATION OR OTHER ENTITY ENGAGED IN OR HAVING INTEREST IN OWNING ONE OR MORE OF THE FOLLOWING BUSINESSES: 1)MANUFACTURING SELF-SERVICE LAUNDRY EQUIPMENT; 2)SELLING, AS A DISTRIBUTOR, SUCH EQUIPMENT OR SUPPLIES FOR SUCH EQUIPMENT; 3)OWNING AND OPERATING A SELF-SERVICE LAUNDRY ESTABLISHMENT, OR A COMBINATION OF THE THREE AND 4)CONDUCTING OTHER BUSINESS OR PROFESSIONAL ACTIVITIES RELATED TO THE SELF-SERVICE LAUNDRY INDUSTRY. ACTIVE MEMBERS SHALL HAVE THE RIGHT TO VOTE AND HOLD OFFICE. B. SUSTAINING MEMBERSHIP SHALL BE OPEN TO ANY INDIVIDUAL, PARTNERSHIP, CORPORATION OR OTHER ENTITY NOT ELIGIBLE FOR ACTIVE MEMBERSHIP, BUT WHICH HAS BEEN AN ACTIVE MEMBER FOR AT LEAST THREE YEARS. SUSTAINING MEMBERS DO NOT HAVE VOTING RIGHTS. |
| FORM 990, PART VI, SECTION A, LINE 7A | ALL MEMBERS OF THE GOVERNING BODY ARE ELECTED BY THE MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE PRESIDENT/CEO REVIEWS THE 990 PRIOR TO SIGNING THE RETURNS. ADDITIONALLY, THE AUDIT COMMITTEE IS PROVIDED THE RETURN FOR REVIEW AND SOLICITED FOR THEIR COMMENTS AND QUESTIONS. |
| FORM 990, PART VI, SECTION B, LINE 12C | ANY POSSIBLE CONFLICT OF INTERESTS ON THE PART OF ANY BOARD MEMBER SHOULD BE DISCLOSED TO THE OTHER BOARD MEMBERS AND MADE A MATTER OF RECORD, EITHER THROUGH AN ANNUAL PROCEDURE OR WHEN THE INTEREST BECOMES A MATTER OF BOARD ACTION. |
| FORM 990, PART VI, SECTION B, LINE 15 | DETERMINING COMPENSATION FOR THE PRESIDENT/CEO BEGINS WITH THE BOARD OF DIRECTORS APPOINTING A COMPENSATION COMMITTEE. THEN, CUSTOM COMPENSATION SURVEYS ARE ORDERED FROM BOTH ASAE AND THE ASSOCIATION FORUM OF CHICAGOLAND. THE SURVEYS ARE USED TO BENCHMARK APPROPRIATE COMPENSATION FOR CLA'S PRESIDENT/CEO BASED ON STAFF SIZE, BUDGET, AND SCOPE OF RESPONSIBILITIES. AFTER A MUTUALLY AGREEABLE FRAMEWORK FOR AN EMPLOYMENT CONTRACT IS REACHED WITH THE PRESIDENT/CEO, THE COMPENSATION COMMITTEE PRESENTS ITS RECOMMENDATION TO THE CLA BOARD OF DIRECTORS FOR APPROVAL. COMPENSATION FOR CLA'S KEY EMPLOYEES OTHER THAN THE PRESIDENT/CEO IS RESPONSIBILITY OF THE PRESIDENT/CEO WHO AGAIN USES THE RESULTS OF COMPENSATION SURVEYS TO BENCHMARK COMPENSATION FOR THOSE POSITIONS. |
| FORM 990, PART VI, SECTION C, LINE 19 | UPON REQUEST. |
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