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 | THERE ARE FOUR CLASSES OF MEMBERSHIP: 1.) COMMUNITY ASSOCIATION VOLUNTEERS - ALL INDIVIDUALS RESIDING IN A COMMUNITY ASSOCIATION ARE ELIGIBLE FOR MEMBERSHIP AS A COMMUNITY ASSOCIATION VOLUNTEER, INCLUDING, WITHOUT LIMITATION, INDIVIDUALS LIVING IN COMMUNITY ASSOCIATIONS WHO HAVE A VOLUNTEER ROLE WITHIN THEIR COMMUNITY ASSOCIATION. 2.) COMMUNITY MANAGERS - THIS CLASS OF MEMBERS CONSISTS OF PROFESSIONAL MANAGERS OF ALL TYPES OF ASSOCIATION-GOVERNED COMMUNITIES. 3.) BUSINESS PARTNERS - THIS CLASS OF MEMBERS CONSISTS OF PROFESSIONALS AND OTHER PROVIDERS OF PRODUCTS, SERVICES, SUPPORT, AND COUNSEL TO ASSOCIATION-GOVERNED COMMUNITIES, INCLUDING DEVELOPERS OF SUCH COMMUNITIES. 4.) MANAGEMENT COMPANIES - THIS CLASS OF MEMBERS CONSISTS OF COMMUNITY ASSOCIATION MANAGEMENT COMPANIES. EACH MANAGEMENT COMPANY MEMBERSHIP SHALL INCLUDE AN INDIVIDUAL MANAGER MEMBERSHIP TO BE HELD BY THE CEO OR EQUIVALENT OF THE MANAGEMENT COMPANY. EACH MEMBER IN GOOD STANDING IS ENTITLED TO CAST ONE VOTE ON ANY AND ALL MATTERS REQUIRED TO BE VOTED UPON BY MEMBERS AND SHALL HAVE SUCH RIGHTS, PRIVILEGES AND RESPONSIBILITIES AS THE BOARD OF TRUSTEES SHALL DETERMINE FROM TIME TO TIME. |
| FORM 990, PART VI, SECTION A, LINE 7A | ALL MEMBERS IN GOOD STANDING ARE ELIGIBLE FOR NOMINATION TO SERVE AS A DIRECTOR. THE OFFICERS OF THE CHAPTER, WITH THE EXCEPTION OF THE PRESIDENT, SHALL BE ELECTED FROM AMONG THE DIRECTORS EACH YEAR BY A MAJORITY VOTE OF THE BOARD. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FINANCE COMMITTEE REVIEWS THE TAX RETURN BEFORE IT IS FILED, ALONG WITH THE AUDITED FINANCIAL STATEMENTS. |
| FORM 990, PART VI, SECTION B, LINE 12C | A DIRECTOR SHALL NOT VOTE UPON MATTERS THAT AFFECT HIS OR HER OWN PERSONAL OR BUSINESS INTERESTS. THESE POLICIES ARE SCRUTINIZED BY THE BOARD OF DIRECTORS AND ANY AND ALL TRANSACTIONS THAT INVOLVED A DIRECTOR ARE REVIEWED TO DETERMINE FAIRNESS TO ALL PARTIES AFFECTED. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE COMMITTEE AND BOARD OF DIRECTORS APPROVE COMPENSATION FOR ALL EMPLOYEES. COMPENSATION IS BASED UPON COMPARABILITY DATA ON LIKE SIZED ORGANIZATIONS AND GEOGRAPHIC LOCATION. |
| FORM 990, PART VI, SECTION C, LINE 18 | GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART VI, SECTION C, LINE 19 | AVAILABLE UPON REQUEST |
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