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 | THE ORGANIZATION CONSISTS OF MEMBERS THAT ELECT MEMBERS OF THE GOVERNING BODY OR THEIR DELEGATES. THERE ARE 5 CLASSES OF MEMBERSHIP, NAMELY (A) REALTOR MEMBERS, (B) INSTITUTE AFFILIATE MEMBERS, (C) AFFILIATE MEMBERS, (D) HONORARY MEMBERS, (E) DIVIDION MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE GOVERNING BODY OF THE ASSOCIATION CONSISTS OF A MAXIMUM OF 14 REALTOR MEMBERS, 12 OF WHOM SHALL BE AT LARGE DIRECTORS ELECTED BY THE GENERAL MEMBERSHIP AT AN ANNUAL MEETING AND SHALL SERVE STAGGERED TERMS OF 3 YEARS EACH |
| FORM 990, PART VI, SECTION B, LINE 11B | THE AUDITED FINANCIAL REPORT ALONG WITH THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS BY THE CURRENT AUDIT FIRM PRIOR TO FILING FORM 990. |
| FORM 990, PART VI, SECTION B, LINE 12C | VIOLATIONS OF THE CODE OF CONDUCT WITH REGARD TO CONFIDENTIALITY AND CONFLICT OF INTEREST MAY RESULT IN DISIPLINARY ACTION IN ACCORDANCE WITH THE GOVERNING DOCUMENTS. DISIPLINE MAY INCLUDE REMOVAL OF THE BOARD MEMBER FROM OFFICE OR TERMINATION OF A STAFF MEMBER. GOVERNING DOCUMENTS INCLUDE ARTICLES OF INCORPORATION, BYLAWS, POLICY MANUAL, ETC. THE ENTITY'S ATTORNEY TRAINS/ADDRESSES BOARD MEMBERS ON THE CONFLICT OF INTEREST POLICY AND HAS THEM SIGN OFF ON THIS POLICY EACH YEAR. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE CHIEF EXECUTIVE OFFICER'S COMPENSATION IS GOVERNED BY AN EMPLOYMENT CONTRACT WHICH IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATIONS FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST. |
| FORM 990, PART XII, LINE 2C: | THE ORGANIZATIONS OVERSIGHT PROCESS NOR ITS AUDITOR SELECTION PROCESS CHANGED DURING THE YEAR. |
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