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 2 | TWO BOARD OF DIRECTOR MEMBERS FROM PETROLEUM COUNTY ARE HUSBAND AND WIFE. |
| FORM 990, PART VI, SECTION B, LINE 11B | PAPER COPIES OF THE 990 ARE PROVIDED AT THE BOARD MEETING BEFORE FILING; BOARD MEMBERS ARE OFFERED AN ELECTRONIC COPY. |
| FORM 990, PART VI, SECTION B, LINE 12C | BOARD MEMBERS MUST DISCLOSE CONFLICTS AND POTENTIAL CONFLICTS TO THE BOARD. THE EXECUTIVE DIRECTOR RETAINS THE ANNUAL CONFLICT OF INTEREST DISCLOSURES. A CONFLICTED BOARD MEMBER MUST ABSTAIN FROM VOTING ON A DECISION REGARDING A CONFLICTED ISSUE. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE BOARD REVIEWS THE COMPENSATION OF EXECUTIVE DIRECTORS OF OTHER TOURISM ORGANIZATIONS WITHIN THE STATE, REVIEWS THE CURRENT DUTIES OF THE EXECUTIVE DIRECTOR, AND CALCULATES THE COMPENSATION CEILING BASED ON THE ADMINISTRATIVE BUDGET. THE ENTIRE BOARD DISCUSSES, AND VOTES TO ESTABLISH COMPENSATION FOR THE NEXT FISCAL YEAR. THIS REVIEW IS DONE ANNUALLY. IN ADDITION, THE CONTRACT FOR EXECUTIVE DIRECTOR IS PUT OUT FOR A REQUEST FOR PROPOSAL EVERY SEVEN YEARS. |
| FORM 990, PART VI, SECTION C, LINE 19 | ALL GOVERNING DOCUMENTS, POLICIES AND FINANCIAL INFORMATION ARE AVAILABLE TO THE PUBLIC ELECTRONICALLY UPON REQUEST TO THE ORGANIZATION. |
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