Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Line 1a Delegate broad authority to a committee | The board has an executive committee which consists of the officers: President, Chairman, Vice Chairman, Treasurer, and Secretary. THE EXECUTIVE COMMITTEE IS SUBJECT TO THE DIRECTION AND CONTROL OF THE BOARD, AND HAS THE POWER TO TRANSACT SUCH AFFAIRS OF CATA AND CARRY OUT SUCH DUTIES AS ASSIGNED OR DELEGATED TO IT FROM TIME TO TIME BY THE BOARD OF DIRECTORS |
| Form 990, Part VI, Line 6 Classes of members or stockholders | The Chicago Automobile Trade Association is made up of dues paying members elected into the organization by the majority of the Board of Directors |
| Form 990, Part VI, Line 7a Members or stockholders electing members of governing body | In all elections for the board of directors, each member is entitled to vote for one candidate for each office to be filled. |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | Prior to filing the return with the IRS, a draft of the completed form 990 is reviewed by the organization's management with its independent paid tax preparers. After the review, final copies of the form 990 are presented to the organization's executive committee. Subsequent to this review, the completed and final form 990 is distributed to the full board for review and is subsequently filed with the IRS. |
| Form 990, Part VI, Line 12c Conflict of interest policy | Annually, the organization distributes a conflict of interest policy to all interested persons to determine if any potential or actual conflicts of interest exist. Prior to the end of the June board of directors meeting, all interested persons are required to sign and return a completed conflict of interest policy. The CATA executive committee is charged with reviewing the completed policies to determine whether an actual conflict of interest exists. The executive committee is empowered to assess the degree of the conflict, if one exists, and to take appropriate action. Possible actions that can be taken by the executive committee include: notice to the finance and compensation committee prior to conducting the annual employee review, or recusal of from any discussions, vote, or similar actions related to the conflict |
| Form 990, Part VI, Line 15a Process to establish compensation of top management official | THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD MEETS ANNUALLY IN APRIL TO EVALUATE AND DETERMINE APPROPRIATE COMPENSATION OF THE PRESIDENT. IN ITS DELIBERATION, THE COMMITTEE CONSIDERS CURRENT ECONOMIC AND RELATED CONDITIONS, AND MAY USE COMPARISONS OF OTHER TRADE ASSOCIATIONS AND EXHIBIT COMPANIES. ADDITIONALLY, THE ORGANIZATION ENGAGED AN INDEPENDENT COMPENSATION CONSULTANT TO ASSIST IN DETERMINING THE APPROPRIATENESS OF THE COMPENSATION OF THE PRESIDENT, WHICH INCLUDED THE USE OF A COMPENSATION SURVEY. THE RESULTS OF THE REVIEW ARE APPROVED BY THE BOARD AND DOCUMENTED IN THE MEETING MINUTES. |
| Form 990, Part VI, Line 15b Process to establish compensation of other employees | THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD MEETS ANNUALLY IN APRIL TO EVALUATE AND DETERMINE APPROPRIATE COMPENSATION OF THE EXECUTIVE VICE PRESIDENT, OTHER OFFICERS, AND KEY EMPLOYEES. IN ITS DELIBERATION, THE COMMITTEE CONSIDERS CURRENT ECONOMIC AND RELATED CONDITIONS, AND MAY USE COMPARISONS OF OTHER TRADE ASSOCIATIONS AND EXHIBIT COMPANIES. |
| Form 990, Part VI, Line 19 Required documents available to the public | Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to Internal Revenue Code (IRC) Section 6104. These documents are not available to the public at this time. |
| Form 990, Part VII, Section A, Line 1a, Column (B) Average Hours Worked | The individuals serving as directors for the Chicago Automobile Trade Association work an average of 2 hours per week most weeks of the year, however, during peak times surrounding the auto show, it is typical for the directors serving to increase their hours as their duties and expectations increase in connection with the high profile auto show. Reasonable compensation is provided to the directors serving on the board in connection with their responsibilities and duties. |
| Form 990, Part VII, Section A, Line 3 Former Director Reporting | In June 2018, prior to the start of the current fiscal year, John Alfirevich completed his ninth and final term as a director of the Chicago Automobile Trade Association board. Mr. Alfirevich received calendar year 2018 compensation for his duties as a director from January 2018 to June 2018. As a result, Mr. Alfirevich is reported on the 2018 tax return as a former director since he was compensated over the reporting threshold for a former director of $10,000 during calendar year 2018. |
| Form 990, Part XI, Line 9 Other changes in net assets or fund balances | PENSION RELATED CHANGES - -275435; Intercompany Transfer - -116500; |
| Software ID: | 18007697 |
| Software Version: | 2018v3.1 |