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 B, LINE 11B | A DRAFT COPY IS GIVEN TO BOARD BEFORE THE RETURN IS FILED. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE ANNUAL SALARY OF THE EXECUTIVE DIRECTOR IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE, MADE UP OF THE PRESIDENT, FIRST VICE PRESIDENT, SECOND VICE PRESIDENT, SECRETARY/TREASURER AND THE IMMEDIATE PAST PRESIDENT. THE ANNUAL SALARY OF THE EXECUTIVE DIRECTOR IS ESTABLISHED IN A WRITTEN EMPLOYMENT CONTRACT, AND THE SALARY IS COMPARABLE TO THE AMOUNT PAID TO OTHER CEO'S OF SOUTH FLORIDA NOT-FOR PROFITS WITH SIMILAR ANNUAL BUDGETS AND NUMBER OF MEMBERS. THIS INFORAMTION CAN BE FOUND IN THE AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES' ASSOCIATION COMPENSATION AND BENEFITS STUDY. A PERFORMANCE BONUS IS PAID AS AN INCENTIVE FOR THE EXECUTIVE DIRECTOR, WHICH PROVIDES FOR HIM TO EARN UP TO 25% OF HIS BASE SALARY. THE ACTUAL AMOUNT IS DETERMINED AFTER AN EVALUATION OF PERFORMANCE BY THE EXECUTIVE COMMITTEE. PAYMENT OF THE PERFORMANCE BONUS WILL BE MADE WITHIN THIRTY (30) DAYS AFTER THE BOARD ACCEPTS THE ANNUAL INCOME STATEMENT FOR THE ASSOCIATION. ALL REVIEW AND APPROVAL PROCEEDINGS ARE CONTEMPERANEOUSLY SUBSTANTIATED BY THE GOVERNING BOARD IN THE ORGANIZATION'S MINUTES MAINTAINED IN WRITING FOR EACH MEETING HELD. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY PROVIDING VIEWING TIMES UPON REQUEST AT THE ASSOCIATION'S OFFICE DURING REGULAR BUSINESS HOURS. |
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